$3,150,000
-$350,00032 N Venice Boulevard, Venice CA 90291
Multi-Family (4 Units)
Property type
59 days
On market
$1,208
Price per sqft
N/A
Garage
1964
Year built
2,491 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Drew Glickman DRE #01493846 310-955-5812, eXp Realty of Greater Los Angeles
Listing updated: Jun 9, 2026 at 04:03am.
Last checked: Jun 14, 2026 at 05:00am
Source: CRMLS #26748257
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 7 | 5 | — | $19,669 | $19,669 | $20,867 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Dishwasher: 4
Disposal: 4
Refrigerator: 4
Tenant Pays: Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
6.1%
NOI / List Price
Net Operating Income: $192,278
Annual Operating Expenses
New Taxes: $34,775
Interior
Flooring: Tile, Wood
Cooling: Central Air
Heating: Central, Forced Air
Appliances: Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry: Dryer Included, Washer Included
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: Attached Carport, Covered, Carport, Garage, Off Site, Side By Side, Tandem
Garage: Attached
Parking Total: 6
Lot Information
Land Lease: No
Parcel #: 4226014024
Zoning: LAC1.5
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 32 N Venice Boulevard, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,520,000
Total Interest
$3,214,121
Total Payment
$5,734,121
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$19,359
per month
Property History for 32 N Venice Boulevard
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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