Presenting 1916 Pacific Avenue, a 3-unit multifamily property ideally located just one block from the beach in the heart of Venice. The unit mix consists of one studio, one 2-bed/1-bath residence, and one 2-bed/2-bath residence, offering a versatile blend of layouts that appeal to a broad tenant base. Fully occupied… Read More and well-positioned, the property delivers immediate income with attractive long-term upside, whether maintained as-is, redeveloped, or strategically repositioned. Unlike neighboring Santa Monica, where restrictive rent control limits long-term potential, Venice is governed by the City of Los Angeles, providing comparatively greater flexibility for rent growth. Investors may also explore ADU additions, redevelopment, or repositioning strategies to enhance both value and cash flow. Just steps from the sand and the iconic Venice Boardwalk, tenants enjoy walkable access to Abbot Kinney, Rose Avenue, and some of the area's most celebrated 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, 1916 Pacific may also be acquired as part of a rare 17-unit, 5-parcel multifamily portfolio on Pacific Avenue offering investors the opportunity to control a sizable multifamily footprint in Venice. Showings are available only with an accepted LOI or offer. Please do not disturb tenants. Read Less
Courtesy of Christie's International Real Estate SoCal 310-893-6223
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,024
Lot Size
0.07 Acres
Year Built
1970
MLS Number
25593457
30 Days Snapshot Of 90291
$2.06M
-7%
(avg) sold price
12
-42%
homes sold
93
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins, Range/Oven, Refrigerator
Building
3,024 sq ft, Built in 1970, Levels: Two, Attached, Low Rise
Cooling
None
Disclosures
As Is, Coastal Commission Restrictions, Coastal Zone
Garage
Covered Parking
Heating
Wall
Lot
LotAcreage: 0.0676, LotSizeArea: 2,946
Parking
CoveredParking: 7, TotalParking: 7
Property
NumberOfUnits: 3, Zoning: LAR3
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