7-Unit Apartment
1611 Venice Blvd, Los Angeles, CA 90006
For Sale
$1,950,000
Pending
Two-story multifamily property with original interiors, on-site laundry, rear parking, and prominent boulevard frontage.
Property Size5,384 SF
Days on Market53
Property Features for 1611 Venice Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
NorthMarq Realty Services, Inc.
Listed By:
Elliot Hassan · License #01481211
(213) 943-1800
Source:
Jademillsestates
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 6 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Realty Services, Inc.
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Investment Insights
Based on property information with market context.
This 7-unit apartment building occupies an approximately 5,959-square-foot parcel and contains about 5,384 gross square feet across two stories. The unit mix includes one studio, five two-bedroom units with one-and-a-half bathrooms, and one three-bedroom, two-bathroom townhome. Built in 1963, the property retains largely original interiors and includes individual A/C units, copper plumbing throughout, one washer, one dryer, and four rear parking spaces.
The building fronts Venice Boulevard in Los Angeles, providing direct exposure along a major thoroughfare and connections to Abbot Kinney Boulevard, Marina del Rey, and nearby retail, dining, and entertainment destinations. It is also positioned within the broader Silicon Beach employment corridor, extending from Santa Monica through Playa del Rey. The property is currently 100% occupied, while reported in-place rents reflect approximately 22% to 23% loss-to-lease. Its existing condition supports a substantial renovation and repositioning program for new ownership.
The building fronts Venice Boulevard in Los Angeles, providing direct exposure along a major thoroughfare and connections to Abbot Kinney Boulevard, Marina del Rey, and nearby retail, dining, and entertainment destinations. It is also positioned within the broader Silicon Beach employment corridor, extending from Santa Monica through Playa del Rey. The property is currently 100% occupied, while reported in-place rents reflect approximately 22% to 23% loss-to-lease. Its existing condition supports a substantial renovation and repositioning program for new ownership.
Key Highlights
- 7‑unit apartment building with one studio, five two‑bedroom units, and one three‑bedroom townhome
- Approximately 5,384 gross square feet on an approximately 5,959‑square‑foot parcel
- Built in 1963 with largely original interiors and limited prior renovations
Location Intelligence
Trade Area within ½ mile
2,029
Businesses Nearby
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Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with original interiors, on-site laundry, rear parking, and prominent boulevard frontage.
Where is this apartment building located?
The property is located at 1611 Venice Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 7‑unit apartment building with one studio, five two‑bedroom units, and one three‑bedroom townhome; Approximately 5,384 gross square feet on an approximately 5,959‑square‑foot parcel; Built in 1963 with largely original interiors and limited prior renovations
