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1916 Pacific Ave
For Sale $2,250,000 ($744.05 per Sq Ft)
$2,250,000 ($744.05 per Sq Ft)
- 6 Bedrooms
- 5.00 Bathrooms
- 3,024 Sq Ft
- 2,946 Sq Ft
Description
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 steps 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,250,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 3,024 |
| Number of Stories | 0 stories |
| Parking Spots | 7 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4238022008 |
| MLS # | 25593457 |
| Property ID | 293148075 |
| Lot Sqft | 2,946 |
| Zoning | LAR3 |
| Total Units | 3 |
| Days on Market | 123 |
| Original List Price | $2,250,000 |
| Date Updated | January 05, 2026 |
| Date Created | September 16, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 2.00 | $4,108 | $4,108 |
| Unit #2 | 0 | 1.00 | $2,137 | $2,137 |
| Unit #3 | 3 | 2.00 | $4,542 | $4,542 |
| Gross Income (Yr) | $ 129,444 |
| Operating Expenses | $ 39,653 |
| Net Income (Yr) | $ 89,791 |
| Cap Rate | 4.00% |
Listing Provided By
Donald Heller an agent of Pardee Properties. Lic #01198240
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Robert Crawford
REAL ESTATE AGENT