1611 Venice Boulevard, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1611 Venice Boulevard,Los Angeles, CA 90006
$1,950,000
- 12 Beds
- 7 Baths
- 5,384 sq. ft.
- Multi-family
- Pending
Listed by: elliot hassan
Office: northmarq realty services, inc.949-717-5200
MLS#:26989505
Source:CRMLS
Price summary
- Price:$1,950,000
- Price per sq. ft.:$362.18
About this home
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 plumbing 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....
Contact an agent
Home facts
- Year built:1963
- Listing ID #:26989505
- Added:52 day(s) ago
- Updated:November 09, 2026 at 08:42 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:7
- Living area:5,384 sq. ft.
Structure and exterior
- Year built:1963
- Building area:5,384 sq. ft.
- Lot area:0.14 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,950,000
- Price per sq. ft.:$362.18
Parking
- Parking description:Concrete
New listings near 1611 Venice Boulevard
- Coming Soon
$840,000Coming Soon4 beds 2 baths1,405 sq. ft.11027 Quill, Sunland, CA 91040
MLS# DW26240106Listed by: CENTURY 21 ALLSTARS - Coming SoonOpen Fri, 11am to 1pm
$6,395,000Coming Soon4 beds 5 baths4,067 sq. ft.10200 Lilac Lane, Chatsworth, CA 91311
MLS# 226005235Listed by: RODEO REALTY - Coming Soon
$1,600,000Coming Soon-- beds -- baths3,738 sq. ft.1057 W 84th, Los Angeles, CA 90044
MLS# OC26236898Listed by: REAL BROKER - Coming Soon
$1,099,000Coming Soon3 beds 2 baths1,529 sq. ft.1834 W 41st Drive, Los Angeles, CA 90062
MLS# 26106988Listed by: COMPASS - Coming Soon
$1,450,000Coming Soon3 beds 1 baths1,415 sq. ft.2546 Amherst Avenue, Los Angeles, CA 90064
MLS# SR26238692Listed by: MEL WILSON & ASSOCIATES - REALTORS - Coming Soon
$2,900,000Coming Soon-- beds -- baths7,605 sq. ft.1840 W 24th, Los Angeles, CA 90018
MLS# SB26239603Listed by: KELLER WILLIAMS PALOS VERDES - Coming Soon
$790,000Coming Soon2 beds 1 baths976 sq. ft.2746 S Cloverdale, Los Angeles, CA 90016
MLS# TR26239654Listed by: INGRID CHAVEZ, BROKER - Coming Soon
$850,000Coming Soon3 beds 2 baths1,092 sq. ft.4100 Camino Real, Los Angeles, CA 90065
MLS# 26107001Listed by: COMPASS - Coming Soon
$600,000Coming Soon3 beds 1 baths1,016 sq. ft.621 W 59th Pl, Los Angeles, CA 90044
MLS# IG26238879Listed by: PONCE & PONCE REALTY, INC - Coming Soon
$1,450,000Coming Soon-- beds -- baths2,973 sq. ft.1661 Arlington Ave, Los Angeles, CA 90019
MLS# DW26239393Listed by: COLDWELL BANKER ENVISION