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1908-1910 Pacific Ave 2 Unit Apartment Building $3,974,325 CAD ($1,987,163 CAD/Unit) 2.75% Cap Rate Venice, CA 90291



Investment Highlights
- Two-Unit Multifamily Asset Located Just One Block From The Beach In The Heart Of Venice.
- City Of Los Angeles Jurisdiction Allows Greater Flexibility For Future Rent Growth.
- Steps From Venice Boardwalk, Abbot Kinney, And Premier Dining And Retail Destinations.
- Fully Occupied Property Providing Immediate Income With Strong Coastal Tenant Demand.
- Multiple Value-Add Paths Including ADU Potential, Redevelopment, Or Repositioning.
Executive Summary
This top-floor 3-bedroom, 2-bathroom + loft residence offers a rare owner-user opportunity: live in the premier unit while benefiting from income generated by the second unit, all just one block from the beach in the heart of Venice. The top-floor residence is the undeniable crown jewel of the property, featuring soaring ceilings, abundant natural light, and captivating ocean views. The expansive living area, complete with a cozy fireplace, opens seamlessly to a balcony, while above sits a spacious loft level offering incredible flexibility, perfectly suited for a home office, gym, creative studio, or additional lounge space. This level opens to a private rooftop balcony, offering a serene and secluded retreat. The unit is thoughtfully designed with bright, airy interiors, a separate dining area, and a well-appointed kitchen with bar seating, along with a dedicated laundry room and a generous primary suite featuring a spacious en-suite bath, creating a comfortable and functional layout for modern living. This residence offers an exceptional work-from-home setup while placing you steps from the beach and within walking distance of Venice Beach's best restaurants, shopping, coffee shops, and workout studios, including Abbot Kinney and Rose Avenue favorites. In addition to the owner's unit, the property includes a second residence, providing valuable supplemental income and enhancing overall investment appeal with a rare combination of lifestyle and financial upside. Located in the City of Los Angeles, the property benefits greater flexibility for future rent growth compared to neighboring Santa Monica, along with potential opportunities for further value-add strategies. This is a unique chance to live in one of Venice's most desirable locations while owning an income-producing asset. Showings are available only with an accepted LOI or offer. Please do not disturb the tenants. Disclaimer: Images have been virtually staged.
Property Facts
| Price | $3,974,325 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,987,163 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 2.75% | Building Size | 2,832 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $3,974,325 CAD |
| Price Per Unit | $1,987,163 CAD |
| Sale Type | Investment |
| Cap Rate | 2.75% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,832 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | LAR3 - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4238-022-011 | Improvements Assessment | $438,860 CAD |
| Land Assessment | $34,556 CAD | Total Assessment | $473,416 CAD |
Property Taxes
Parcel Number
4238-022-011
Land Assessment
$34,556 CAD
Improvements Assessment
$438,860 CAD
Total Assessment
$473,416 CAD
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1908-1910 Pacific Ave
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