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Multifamily

906 Pacific Ave

906 Pacific Ave, Los Angeles, CA 90291

Listing Price: $6,000,000

Cap Rate
4.08%
Number of Units
17
Price/Unit
$352,941
Price/Gross SF
$932.84
Gross SF
6,432

Investment Overview

Marcus and Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 906 Pacific Avenue, a 17-unit apartment building located in one of the hottest and hippest neighborhoods of Los Angeles, Venice Beach. The 17-unit apartment building features 6,432 square feet of rentable area on a 2,617-square foot lot. The property is composed of seven single/one-bathroom units, eight studio/one-bathroom units, one one-bedroom/two-bathroom unit and one two-bedroom/one-bathroom units. Known for its bohemian spirit, Venice is a buzzing beach town with upscale commercial and residential pockets. Free-spirited Venice Boardwalk is the site of funky shops, street performers and colorful murals. There’s also a skate park and Muscle Beach outdoor gym. Abbot Kinney Boulevard features foodie hot spots, stylish boutiques and coffee bars. A picturesque enclave of canals is surrounded by modernist homes. Given the property’s prime location, 906 Pacific Avenue is well suited to provide investors with healthy returns and long term appreciation.

Investment Highlights

  • Excellent Unit Mix Composed of Singles, Studios, One and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately $300,000 in Capital Expenditures over the Last 5 Years (Full Copper Plumbing)
  • Irreplaceable Location that Delivers the Best of the Southern Californian Life Style!
  • Amazing Views of the Pacific Ocean in Select Units!
  • Charming 1900's Construction.

Exclusively Listed By

Listing Price: $6,000,000

Cap Rate
4.08%
Number of Units
17
Price/Unit
$352,941
Price/Gross SF
$932.84
Gross SF
6,432

Investment Highlights

  • Excellent Unit Mix Composed of Singles, Studios, One and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately $300,000 in Capital Expenditures over the Last 5 Years (Full Copper Plumbing)
  • Irreplaceable Location that Delivers the Best of the Southern Californian Life Style!
  • Amazing Views of the Pacific Ocean in Select Units!
  • Charming 1900's Construction.

Investment Overview

Marcus and Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 906 Pacific Avenue, a 17-unit apartment building located in one of the hottest and hippest neighborhoods of Los Angeles, Venice Beach. The 17-unit apartment building features 6,432 square feet of rentable area on a 2,617-square foot lot. The property is composed of seven single/one-bathroom units, eight studio/one-bathroom units, one one-bedroom/two-bathroom unit and one two-bedroom/one-bathroom units. Known for its bohemian spirit, Venice is a buzzing beach town with upscale commercial and residential pockets. Free-spirited Venice Boardwalk is the site of funky shops, street performers and colorful murals. There’s also a skate park and Muscle Beach outdoor gym. Abbot Kinney Boulevard features foodie hot spots, stylish boutiques and coffee bars. A picturesque enclave of canals is surrounded by modernist homes. Given the property’s prime location, 906 Pacific Avenue is well suited to provide investors with healthy returns and long term appreciation.

Exclusively Listed By

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