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32 N Venice Blvd 4 Unit Apartment Building $4,829,265 CAD ($1,207,316 CAD/Unit) 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 |
$325,669
|
$122.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$325,669
|
$122.89
|
| Taxes |
$47,982
|
$18.11
|
| Operating Expenses |
$589
|
$0.22
|
| Total Expenses |
$48,571
|
$18.33
|
| Net Operating Income |
$277,098
|
$104.57
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $325,669 |
| Annual Per SF | $122.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $325,669 |
| Annual Per SF | $122.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $47,982 |
| Annual Per SF | $18.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $589 |
| Annual Per SF | $0.22 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,571 |
| Annual Per SF | $18.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $277,098 |
| Annual Per SF | $104.57 |
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 | $3,690,098 CAD |
| Land Assessment | $3,048,344 CAD | Annual Taxes | $47,982 CAD ($18.11 CAD/SF) |
| Improvements Assessment | $641,754 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4226-014-024
Land Assessment
$3,048,344 CAD
Improvements Assessment
$641,754 CAD
Total Assessment
$3,690,098 CAD
Annual Taxes
$47,982 CAD ($18.11 CAD/SF)
Tax Year
2025
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32 N Venice Blvd
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