Active

1304 Pacific Avenue

Los Angeles, CA 90291
Mark as Favorite
Bed 1

Bed

Bath 6

Bath

SqFt3,802

Sqft

SqFt2,401

Sqft(Lot)

1304 Pacific Avenue represents a rare opportunity to acquire a largely untouched, 7-unit value-add multifamily property in one of the most desirable beachfront pockets of Venice, California. Situated on an approximately 8,400-square-foot parcel just one block from the sand, the property offers new ownership a true blank canvas to execute a comprehensive interior and exterior renovation program and reposition the asset for the modern Westside renter. in 1926, the two-story building totals approximately 3,802 gross square feet and features a well-balanced unit mix of one studio, four one-bedroom units, and two two-bedroom, one-bathroom units. Construction consists of a concrete foundation, wood framing, stucco exterior, and a flat roof, with individual wall-unit HVAC and copper plumbing thro ughout (buyer to verify). On-site laundry is available via one washer and one dryer, though the property does not offer dedicated parking. With limited prior renovations, the building remains largely original, providing investors with the opportunity to deliver a differentiated, cohesively renovated product into a submarket defined by a limited supply of updated rental housing. In-place rents currently reflect approximately 17% to 20% loss-to-lease, translating to significant embedded upside even before accounting for the additional premiums achievable through a well-executed renovation program. Current occupancy stands at roughly 86%, with one vacant studio unit offering an immediate opportunity to push rents to market on turnover. Beyond its value-add fundamentals, the property benefits from an exceptional, highly walkable coastal location. Residents enjoy immediate proximity to the Venice Beach boardwalk, along with convenient access to Abbot Kinney Boulevard, Rose Avenue, and the broader retail, dining, and entertainment amenities that define the neighborhood's bohemian character. The surrounding submarket has seen limited new housing supply for decades, a dynamic that has historically supported strong rental rate growth and sustained demand from a renter base drawn to the area's lifestyle and scarcity of inventory. The location also places the property within the broader "Silicon Beach" corridor stretching from Santa Monica through Playa del Rey, home to a dense concentration of major technology, entertainment, and media employers including Google, Snapchat, YouTube, Facebook, and TikTok, among many others. This employment base has fueled an influx of affluent renters seeking housing near the coast, further reinforcing long-term demand fundamentals for well-located, renovated multifamily product in Venice. Altogether, 1304 Pacific Avenue offers investors a compelling combination of irreplaceable coastal location, meaningful embedded rental upside, and a genuine value-add opportunity in one of the Westside's most supply-constrained and enduringly desirable rental markets.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,650,000

AD Id : 91305035

MLS Id : 26989457

Beds : 1

Lot Size : 2,401 Sq. Ft

Living Area Size : 3,802 Sq. Ft

Year Built : 1910

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 1

    Bathroom Information

    Total Baths: 6
  • Heating & Cooling

    Heating: None

  • Building Information

    Year Built: 1910
    Building Area Total: 3802
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 2401 Lot Size Acres: 0.0551 Lot Size Square Feet: 2,401

  • Listing Price Information

    Listing Price: $1650000

  • Tax Information

    Parcel Number: 4238011002

  • Location Information

    Direction: The property sits one block from the sand in the heart of Venice Beach, offering residents a highly walkable, coastal lifestyle just steps from the boardwalk. The location provides easy access to Abbot Kinney, Rose Avenue, and Santa Monica's retail and dining corridor, with strong connectivity to Silicon Beach's growing employment base.
Sell a home like this and save $98,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2421 Louella Avenue, Los Angeles, CA, 90291 $3,099,000 4 4 3,092 5,851 Sq. Ft
1390 Morningside Way, Los Angeles, CA, 90291 $3,995,000 4 5 3,152 6,159 Sq. Ft
1216 Elm Street, Los Angeles, CA, 90291 $1,850,000 2 2 878 4,400 Sq. Ft
1500 Louella Avenue, Los Angeles, CA, 90291 $4,395,000 5 5 3,817 5,963 Sq. Ft
1239 Palms Boulevard, Los Angeles, CA, 90291 $6,995,000 6 6 5,444 10,892 Sq. Ft
1039 Nowita Place, Los Angeles, CA, 90291 $3,495,000 5 6 3,163 4,784 Sq. Ft
1037 Palms Boulevard, Los Angeles, CA, 90291 $3,500,000 5 4 3,256 5,749 Sq. Ft
845 Amoroso Place, Los Angeles, CA, 90291 $2,695,000 3 2 1,540 3,330 Sq. Ft
856 Marco Place, Los Angeles, CA, 90291 $2,895,000 4 4 2,324 3,330 Sq. Ft
2027 Oakwood Avenue, Los Angeles, CA, 90291 $2,395,000 3 3 1,965 2,656 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/19/2026 @ 04:24

MLS: 26989457 LISTED BY: Elliot Hassan, NorthMarq Realty Services, Inc. 949-717-5200 SOURCE: CRMLS

Homes around $1,650,000

Selling? Save $98,501 when you sell a home like this

Tour with a ByOwner Agent