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$ 3,500,000
Est. payment | /mo
7 Beds
5 Baths
2,608 SqFt
$ 3,500,000
Est. payment | /mo
7 Beds
5 Baths
2,608 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,608 sqft
Price per Sqft $1,342
MLS Listing ID 26748257
Bedrooms 7
HOA Y/N No
Year Built 1964
Lot Size 2,491 Sqft
Property Description
32 N Venice Blvd presents a rare opportunity to acquire a fully leased 4-unit multifamily asset in the heart of Venice Beach. The property is secured by a long-term master lease to a Sober Living operator, delivering stable, passive income with minimal landlord responsibilities. With 3% annual rent increases, strong guarantor backing, and a prime coastal location, this asset offers a bond-like investment profile with built-in yield growth. The investment is particularly well suited for 1031 exchange buyers seeking a secure, low-management replacement asset, combining predictable income, limited operational burden, and long-term appreciation potential in a premier coastal market.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAC1.5
Interior
Heating Central, Forced Air
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport, Covered, Carport, Garage, Off Site, Side By Side, Tandem
Total Parking Spaces 6
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4226014024
Special Listing Condition Standard
Listed by Drew Glickman eXp Realty of Greater Los Angeles #01493846