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32 N Venice Blvd
Venice, CA 90291

$3,500,000 USD

Apartments For Sale  •  2,650 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,650 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 1964
  • Cap Rate 5.72 %
  • Zoning LAC1.5
70 Transit Score
80 Walk Score

Highlights

100% occupied with single tenant with Long-term Stability Lease secured through October 2028
One 3 Year Option to Extend (FMV) with 3% annual rent increases
Tenant responsible for maintenance & operations with Minimal landlord responsibilities (structure + roof only)
Proven Operator - Well Securitized Lease with additional 3 Personal Guarantees
Projected CAP grows to 6.36%
LOCATION- Steps from the beach in one of the most dynamic coastal markets in the world!

Property Flyers

Financial Summary (Actual)

Net Operating Income: $200,826 USD (2025)
Cap Rate: 5.72 %
Total Expenses: $35,202 USD

Amenities

  • Dishwasher
  • Grill
  • Gas Range
  • Hardwood Floors
  • Refrigerator
  • Sundeck
  • Deck

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: 6
Type: Surface
Included in Rent: Yes
Drew Glickman 310-600-6208 eXp Realty of Greater LA
Drew Glickman 310-600-6208 eXp Realty of Greater LA