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2008 Canal St 2 Unit Apartment Building $2,224,052 CAD ($1,112,026 CAD/Unit) 4.19% Cap Rate Venice, CA 90291
Executive Summary
Rare opportunity to acquire a side-by-side pair of Venice duplexes - 2008 and 2010 Canal Street - each offered at $1,595,000 and configured as two units plus a permitted ADU. Built in 1979–1980 and zoned RD2-1-O, these neighboring properties sit steps from the iconic Venice Canals, with walkable access to all Venice has to offer. ADU permits and plans are already issued, providing meaningful upside for the value-add investor or owner-operator. Comparable sales in the immediate area support strong per-unit valuations in one of LA's most supply-constrained coastal submarkets.
Available individually or as a combined portfolio - contact us for the full Offering Memorandum.
Available individually or as a combined portfolio - contact us for the full Offering Memorandum.
Property Facts
| Price | $2,224,052 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,112,026 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.19% | Building Size | 2,850 SF |
| Gross Rent Multiplier | 16.17 | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - multifamily residential | ||
| Price | $2,224,052 CAD |
| Price Per Unit | $1,112,026 CAD |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| Gross Rent Multiplier | 16.17 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,850 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | LARD2 - multifamily residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 900 |
| 2+2 | 1 | - | 1,300 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $867,115 CAD | |
| Land Assessment | $2,489,766 CAD | Total Assessment | $3,356,881 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,489,766 CAD
Improvements Assessment
$867,115 CAD
Total Assessment
$3,356,881 CAD
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2008 Canal St
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