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Massive Price Reduction | Submit Offers!!!!! 14 Ozone Ave 6 Unit Apartment Building $5,576,701 CAD ($929,450 CAD/Unit) 5.42% Cap Rate Venice, CA 90291
INVESTMENT HIGHLIGHTS
- Amazing Unit Mix & Parking (Garages)
- Great Upside & City Approved ADU
- Short Term & Owner/User Possibilities
- 128 Feet from Venice Boardwalk
- Ocean Views from Most Units
- Call for Offers: Submit all offers by September 17th before 5PM!
EXECUTIVE SUMMARY
MASSIVE PRICE REDUCTION! SUBMIT ALL OFFERS!!!
CALL FOR OFFERS: SUBMIT ALL OFFERS BY SEPTEMBER 17TH BEFORE 5PM!
14 Ozone Avenue is a 6-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of Venice as the property is in close proximity to Venice Boardwalk and Beach, Abbott Kinney, Santa Monica Pier and much more. 14 Ozone Avenue offers (1) Studio/One-Bathroom apartment, (1) One-Bedroom/One-Bathroom apartment, and (4) Two-Bedroom/Two-Bathroom apartments, totaling an average of 779 square feet. The property has 11 parking spaces consisting of 4 double garages for 8 spaces plus 3 open spaces.
Five units have undergone recent plumbing and electrical upgrades and have been renovated with modern features such as stainless-steel appliances, quartz countertops, hardwood floors, and white-tile backsplashes in both the kitchens and bathrooms. Five of the units also feature Juliet Balconies, and one of the top-floor units boasts its own private patio/deck, with four units offering picturesque ocean views. There is an opportunity for the buyer to increase rental income by strategically renovating the units and adding an ADU. The seller has received approval from the City of Los Angeles to convert one of the garages into a Studio ADU, pending approval from the Coastal Commission. The property also features a rare amenity for the area - a total of 11 on-site parking spots, which will be reduced to 9 after the ADU conversion.
CALL FOR OFFERS: SUBMIT ALL OFFERS BY SEPTEMBER 17TH BEFORE 5PM!
14 Ozone Avenue is a 6-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of Venice as the property is in close proximity to Venice Boardwalk and Beach, Abbott Kinney, Santa Monica Pier and much more. 14 Ozone Avenue offers (1) Studio/One-Bathroom apartment, (1) One-Bedroom/One-Bathroom apartment, and (4) Two-Bedroom/Two-Bathroom apartments, totaling an average of 779 square feet. The property has 11 parking spaces consisting of 4 double garages for 8 spaces plus 3 open spaces.
Five units have undergone recent plumbing and electrical upgrades and have been renovated with modern features such as stainless-steel appliances, quartz countertops, hardwood floors, and white-tile backsplashes in both the kitchens and bathrooms. Five of the units also feature Juliet Balconies, and one of the top-floor units boasts its own private patio/deck, with four units offering picturesque ocean views. There is an opportunity for the buyer to increase rental income by strategically renovating the units and adding an ADU. The seller has received approval from the City of Los Angeles to convert one of the garages into a Studio ADU, pending approval from the Coastal Commission. The property also features a rare amenity for the area - a total of 11 on-site parking spots, which will be reduced to 9 after the ADU conversion.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,576,701 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $929,450 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5.42% | Building Size | 4,675 SF |
| Gross Rent Multiplier | 13.05 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.35/1,000 SF |
| Zoning | RD1.5-1 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $5,576,701 CAD |
| Price Per Unit | $929,450 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 13.05 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,675 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | RD1.5-1 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
AMENITIES
UNIT AMENITIES
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Double Pane Windows
- Smoke Free
SITE AMENITIES
- Gated
- Laundry Service
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $3,280 CAD | 400 |
| 1+1 | 1 | $3,335 CAD | 675 |
| 2+2 | 4 | $6,379 CAD | 900 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 4286-019-001 | Total Assessment | $6,919,288 CAD |
| Land Assessment | $3,988,766 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,930,522 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4286-019-001
Land Assessment
$3,988,766 CAD
Improvements Assessment
$2,930,522 CAD
Total Assessment
$6,919,288 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Massive Price Reduction | Submit Offers!!!!! | 14 Ozone Ave
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