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2008-2020 Strongs Dr
Venice, CA 90291

$3,595,000 USD

Apartments For Sale  •  4,008 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,008 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1922
  • Cap Rate 5.63 %
  • Zoning LAR3 & LAR1.5
55 Transit Score
96 Walk Score

Highlights

Below-Market Assumable Debt
Excellent In-Place GRM 12.5
Excellent In-Place Cap Rate of 5.63%
New Kitchens and Bathrooms in some units
New electrical 400-amp service
Tankless hot water heaters in most units

Property Flyers

Financial Summary (Actual)

Net Operating Income: $199,143 USD (2025)
Cap Rate: 5.63 %
Total Expenses: $77,885 USD

Major Tenants

Tenant SF Occupied Lease End Date
Prosper - 2008 Strongs Dr

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Public Transportation
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 14 min - 7.1 mi
Bob Hope 39 min - 25.2 mi
Long Beach (Daugherty Field) 37 min - 26.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: SurfaceTandem
Included in Rent: Yes
John Swartz 310-779-9929 Compass Commercial
John Swartz 310-779-9929 Compass Commercial