1916 Pacific Avenue, Venice, CA 90291
List Price: $2.25M
Listing Status: Active
0Days on Market: 262
6 Bedrooms · 5 Bathrooms · 3,024 sq ft
Property Type: ResidentialIncome
Year Built: 1970
Lot Size: 2,946 sq ft
MLS Number: 25593457
About This Property
Presenting 1916 Pacific Avenue, a 3-unit multifamily property ideally located just one block from the beach in the heart of Venice. The unit mix consists of one studio, one 2-bed/1-bath residence, and one 2-bed/2-bath residence, offering a versatile blend of layouts that appeal to a broad tenant base. Fully occupied and well-positioned, the property delivers immediate income with attractive long-term upside, whether maintained as-is, redeveloped, or strategically repositioned. Unlike neighboring Santa Monica, where restrictive rent control limits long-term potential, Venice is governed by the City of Los Angeles, providing comparatively greater flexibility for rent growth. Investors may also explore ADU additions, redevelopment, or repositioning strategies to enhance both value and cash flow. Just moments from the sand and the iconic Venice Boardwalk, tenants enjoy walkable access to Abbot Kinney, Rose Avenue, and some of the area's most celebrated dining destinations, including Ospi, Kassi Rooftop, Si! Mon, Great White, Ggiata, and Belles Beach House. This prime location ensures consistent tenant demand and long-term appreciation. While available individually, 1916 Pacific may also be acquired as part of a rare 11-unit, 4-parcel multifamily portfolio on Pacific Avenue offering investors the opportunity to control a sizable multifamily footprint in Venice. Showings are available only with an accepted LOI or offer. Please do not disturb tenants.
Listing provided by: Donald Heller DRE #01198240 424-249-7162 don@donhellergroup.com, Christie's International Real Estate SoCal