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1167 Nelrose Ave 3 Unit Apartment Building $1,948,972 CAD ($649,657 CAD/Unit) 4.59% Cap Rate Venice, CA 90291
Executive Summary
Lee & Associates is pleased to present the opportunity to purchase this multi-family triplex at 1167 Nelrose Avenue, consisting of ± 1,888 square feet of building on ± 4,401 square feet of land. The property is situated in the heart of Venice, walking distance to iconic Abbot Kinney Boulevard. Originally built in 1952, the property is rich with history. Mature landscaping and an expansive shared patio create an inviting outdoor oasis. Currently built out as a triplex, with two units consisting of one-bedroom and one-bathroom, and one unit consisting of two bedrooms and one-bathroom. The property offers tremendous upside potential to owner occupants, investors and developers alike. Two bedroom, one bathroom unit is available for owner/user. Do NOT disturb tenants. Call agent for showing details.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,838
|
$49.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,838
|
$49.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,386
|
$10.92
|
| Net Operating Income |
$89,452
|
$38.47
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,838 |
| Annual Per SF | $49.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,838 |
| Annual Per SF | $49.39 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,386 |
| Annual Per SF | $10.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,452 |
| Annual Per SF | $38.47 |
Property Facts
| Price | $1,948,972 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $649,657 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.59% | Building Size | 2,325 SF |
| No. Units | 3 | Average Occupancy | 66% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | RD 1.5-1 - Restricted Density Multifamily Residential | ||
| Price | $1,948,972 CAD |
| Price Per Unit | $649,657 CAD |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,325 SF |
| Average Occupancy | 66% |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | RD 1.5-1 - Restricted Density Multifamily Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4236-001-007 | Improvements Assessment | $337,997 CAD |
| Land Assessment | $1,241,271 CAD | Total Assessment | $1,579,268 CAD |
Property Taxes
Parcel Number
4236-001-007
Land Assessment
$1,241,271 CAD
Improvements Assessment
$337,997 CAD
Total Assessment
$1,579,268 CAD
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1167 Nelrose Ave
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