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1034 Pleasantview

Venice, CA 90291
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Bed 9

Bed

Bath 6

Bath

SqFt4,634

Sqft(Lot)

Situated in the heart of Venice, 1034 Pleasantview Ave presents the opportunity to acquire a well-maintained three-unit multifamily property in one of Los Angeles' most desirable coastal neighborhoods. Built in 1987, the property consists of three spacious 3-bedroom, 2-bathroom units totaling 3,720 square feet on a 4,634 square foot lot. The property's larger floor plans and newer construction provide a highly desirable housing option in a market where demand for quality rental housing remains strong. Offered at a 4.76% Current CAP Rate and 14.59 Current GRM, the property presents investors with the opportunity to acquire a well-located 1980s-constructed asset that is not subject to Los Angeles City Rent Control (only AB 1482 Statewide Rent Control). The property offers strong long-term income growth potential, achieving a projected 8.22% Pro Forma CAP Rate and 9.60 Pro Forma GRM. Recent capital improvements further enhance the property's appeal, including Hardie Board exterior siding, dual-pane windows, and a new roof installed in 2022. Additional amenities include in-unit laundry in all three units and gated carport parking with six total parking spaces. Built in 1987, the property offers a newer construction profile than much of the surrounding multifamily inventory, contributing to its long-term appeal and operational efficiency. Conveniently located just moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and major Westside employment centers, this offering presents an attractive opportunity to acquire a well-positioned multifamily investment in one of Southern California's most sought-after rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,900,000

AD Id : 88297394

MLS Id : SB26159033

Beds : 9

Lot Size : 4,634 Sqft

Year Built : 1987

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1987
    Building Area Total: 3720
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 4634 Lot Size Acres: 0.1064 Lot Size Source: Assessor Lot Size Square Feet: 4,634 Lot Description: TwoToFiveUnitsAcre

  • Listing Price Information

    Listing Price: $1900000
    Conventional

  • Tax Information

    Parcel Number: 4239016004 Tax Lot: 34

  • Location Information

    Direction: 4 parcels from the intersection of California Ave and Pleasantview Ave in Venice WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
218 Venice Way, Venice, CA, 90291 $2,470,000 4 2 1,448 1,448 SqFt

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ByOwner last updated this listing 07/24/2026 @ 15:24

MLS: SB26159033 LISTED BY: Brett Lyon, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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