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32 N Venice Blvd 4 Unit Apartment Building $4,426,695 CAD ($1,106,674 CAD/Unit) 6.05% Cap Rate Venice, CA 90291
Investment Highlights
- 100% occupied with single tenant with Long-term Stability Lease secured through October 2028
- Tenant responsible for maintenance & operations with Minimal landlord responsibilities (structure + roof only)
- Projected CAP grows to 6.36%
- One 3 Year Option to Extend (FMV) with 3% annual rent increases
- Proven Operator - Well Securitized Lease with additional 3 Personal Guarantees
- LOCATION- Steps from the beach in one of the most dynamic coastal markets in the world!
Executive Summary
Prime Venice investment opportunity featuring a highly walkable coastal location just off Abbot Kinney, with strong retail visibility, consistent foot traffic, and value-add potential through repositioning or rent optimization.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$331,690
|
$125.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$331,690
|
$125.17
|
| Taxes |
$55,334
|
$20.88
|
| Operating Expenses |
$8,516
|
$3.21
|
| Total Expenses |
$63,850
|
$24.09
|
| Net Operating Income |
$267,840
|
$101.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $331,690 |
| Annual Per SF | $125.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $331,690 |
| Annual Per SF | $125.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $55,334 |
| Annual Per SF | $20.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,516 |
| Annual Per SF | $3.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,850 |
| Annual Per SF | $24.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $267,840 |
| Annual Per SF | $101.07 |
Property Facts
Amenities
Unit Amenities
- Dishwasher
- Hardwood Floors
- Refrigerator
- Deck
Site Amenities
- Grill
- Gas Range
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 4 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4226-014-024 | Total Assessment | $3,751,226 CAD |
| Land Assessment | $3,098,841 CAD | Annual Taxes | $55,334 CAD ($20.88 CAD/SF) |
| Improvements Assessment | $652,385 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4226-014-024
Land Assessment
$3,098,841 CAD
Improvements Assessment
$652,385 CAD
Total Assessment
$3,751,226 CAD
Annual Taxes
$55,334 CAD ($20.88 CAD/SF)
Tax Year
2025
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32 N Venice Blvd
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