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1611 Venice Boulevard

Los Angeles, CA 90006
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Bed 12

Bed

Bath 7

Bath

SqFt5,384

Sqft

SqFt5,960

Sqft(Lot)

1611 Venice Boulevard represents a rare opportunity to acquire a largely untouched, 7-unit value-add multifamily property with prominent frontage along one of Venice's major thoroughfares. Situated on an approximately 5,959-square-foot parcel, 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. Built in 1963, the two-story building totals approximately 5,384 gross square feet and features a well-balanced unit mix of one studio, five two-bedroom, one-and-a-half-bathroom units, and one three-bedroom, two-bathroom two-story townhome. Construction consists of a concrete foundation, wood framing, stucco exterior, and a flat roof, with individual A/C units and copper plu mbing throughout (buyer to verify). On-site laundry is available via one washer and one dryer, and the property offers four rear parking spaces. 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 22% to 23% loss-to-lease, translating to significant embedded upside even before accounting for the additional premiums achievable through a well-executed renovation program. The property is currently 100% occupied, offering a stable income base while a renovation and repositioning plan is put in place. Beyond its value-add fundamentals, the property benefits from an excellent, well-connected Westside location. Its prominent frontage along Venice Boulevard provides strong drive-by visibility and convenient connectivity throughout the surrounding submarket, with easy access to Abbot Kinney Boulevard, Marina del Rey, and the broader retail, dining, and entertainment amenities that define the neighborhood's 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, 1611 Venice Boulevard offers investors a compelling combination of a well-connected Westside location, meaningful embedded rental upside, and a genuine value-add opportunity in one of the area's most supply-constrained and enduringly desirable rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,950,000

AD Id : 91316509

MLS Id : 26989505

Beds : 12

Lot Size : 5,960 Sq. Ft

Living Area Size : 5,384 Sq. Ft

Year Built : 1963

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 12

    Bathroom Information

    Total Baths: 7
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1963
    Building Area Total: 5384
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 45x130 Main Square Feet: 5960 Lot Size Acres: 0.1368 Lot Size Square Feet: 5,960

  • Listing Price Information

    Listing Price: $1950000

  • Tax Information

    Parcel Number: 4242034003

  • Location Information

    Direction: The property offers prominent frontage along Venice Boulevard in a well-connected Westside location, with strong drive-by visibility and convenient access to Abbot Kinney, Marina del Rey, and the broader Venice/Santa Monica retail and dining corridor. Its position along a major thoroughfare provides excellent connectivity to Silicon Beach's growing
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1020 S Westlake Avenue, Los Angeles, CA, 90006 $990,000 4 2 2,775 7,502 Sq. Ft
1032 S Westlake Avenue, Los Angeles, CA, 90006 $1,000,000 6 4 -- 7,502 Sq. Ft
1242 S Bonnie Brae, Los Angeles, CA, 90006 $740,000 4 2 2,207 5,625 Sq. Ft
1147 S Westlake Avenue, Los Angeles, CA, 90006 $949,000 4 3 2,110 5,412 Sq. Ft
1324 S Westlake Avenue, Los Angeles, CA, 90006 $800,000 8 5 -- 8,669 Sq. Ft
977 Arapahoe Street, Los Angeles, CA, 90006 $1,800,000 7 6 4,542 8,542 Sq. Ft
2300 W 12th Street, Los Angeles, CA, 90006 $1,295,000 9 6 4,032 6,274 Sq. Ft
1605 S Bonnie Brae Street, Los Angeles, CA, 90006 $785,000 5 3 2,294 5,876 Sq. Ft
1136 Arapahoe, Los Angeles, CA, 90006 $1,360,000 4 8 -- 7,252 Sq. Ft
1611 S Bonnie Brae Street, Los Angeles, CA, 90006 $625,000 4 2 1,378 6,380 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 09/25/2026 @ 22:24

MLS: 26989505 LISTED BY: Elliot Hassan, NorthMarq Realty Services, Inc. 949-717-5200 SOURCE: CRMLS

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