$1,750,000
Presenting 1904 Pacific Avenue, a 4-unit multifamily property ideally located in the heart of Venice, just one block from the beach. The unit mix consists of two studio/1-bath and two spacious 2-bed/1-bath units, providing a balanced blend of rental options for strong tenant demand. Fully occupied and well-positioned, this property offers immediate income with exceptional potential for redevelopment, repositioning, or long-term hold, capitalizing on enduring coastal appeal in one of Los Angeles' most sought-after rental markets. Unlike neighboring Santa Monica, where restrictive rent control caps long-term upside, Venice is governed by the City of Los Angeles, allowing comparatively greater flexibility for rent growth. Investors can also explore ADU additions, redevelopment, or strategic repositioning, striking a balance between stability and meaningful income growth potential. Steps from the sand and the iconic Venice Boardwalk, tenants enjoy proximity to Abbot Kinney, Rose Avenue, and an array of renowned dining destinations, including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This prime location ensures consistent tenant demand and long-term appreciation. While available individually, 1904 Pacific may also be acquired as part of a rare 11-unit, 4-parcel multifamily portfolio on Pacific Avenue, offering investors the opportunity to control a sizable footprint in Venice. Showings are available only with an accepted LOI or offer. Please do not disturb tenants.
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Listed by Donald Heller with Christie's International Real Estate SoCal (424) 249-7162
Property Type
Residential Income
Status
Active
MLS Number
25593441
Year Built
1965
Lot Size
2,727 sq ft