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1922 Canal St
Venice, CA 90291
Multifamily Property For Sale
·
2 Units
Investment Highlights
- ADU potential with the 2 garages while keeping 3 car driveway parking
- Tenant occupied 2 bed/2 bath unit at $6,000/month
- Short walk to Venice Canals, Boardwalk, and Abbot Kinney Blvd
- Secured Access
- Vacant Remodeled 1 bed/1 bath unit with direct access garage
- Not subject to LA RSO (1980 construction)
Executive Summary
BUILT IN 1980, NOT SUBJECT TO LA RSO. 1922 Canal St is a duplex with a vacant, fully remodeled 1 bed/1 bath unit on the ground floor with it's own private back patio, and a 2 bed/2 bath, tenant occupied second floor unit with two large patios off the living space and primary bedroom. Each unit is equipped with washer/dryer as well as it's own one car garage with direct access! A driveway large enough to accommodate off street parking for three vehicles enables the ability to add value through an ADU in the existing garages.
This opportunity is ideally situated on a tranquil street near the Venice Canals, Ocean Front Walk, and Abbot Kinney Blvd.
This opportunity is ideally situated on a tranquil street near the Venice Canals, Ocean Front Walk, and Abbot Kinney Blvd.
Property Facts
| Price Per Unit | $1,354,605 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,124 SF |
| No. Units | 2 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1981 |
| Apartment Style | Garden | Parking Ratio | 2.82/1,000 SF |
| Zoning | LARD2 - RD2-1-O | ||
| Price Per Unit | $1,354,605 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,124 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.82/1,000 SF |
| Zoning | LARD2 - RD2-1-O |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $6,111 CAD | 922 |
| 2+2 | 1 | $8,148 CAD | 1,202 |
Property Taxes
| Parcel Number | 4238-023-016 | Improvements Assessment | $211,929 CAD |
| Land Assessment | $1,624,793 CAD | Total Assessment | $1,836,722 CAD |
Property Taxes
Parcel Number
4238-023-016
Land Assessment
$1,624,793 CAD
Improvements Assessment
$211,929 CAD
Total Assessment
$1,836,722 CAD
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