1922 Canal St
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1922 Canal St
2 Unit Apartment Building $2,883,912 CAD ($1,441,956 CAD/Unit) Venice, CA 90291
Investment Highlights
- ADU potential with the 2 garages while keeping 3 car driveway parking
- Tenant occupied 2 bed/2 bath unit at $6,000/month
- Short walk to Venice Canals, Boardwalk, and Abbot Kinney Blvd
- Secured Access
- Vacant Remodeled 1 bed/1 bath unit with direct access garage
- Not subject to LA RSO (1980 construction)
Executive Summary
BUILT IN 1980, NOT SUBJECT TO LA RSO. 1922 Canal St is a duplex with a vacant, fully remodeled 1 bed/1 bath unit on the ground floor with it's own private back patio, and a 2 bed/2 bath, tenant occupied second floor unit with two large patios off the living space and primary bedroom. Each unit is equipped with washer/dryer as well as it's own one car garage with direct access! A driveway large enough to accommodate off street parking for three vehicles enables the ability to add value through an ADU in the existing garages.
This opportunity is ideally situated on a tranquil street near the Venice Canals, Ocean Front Walk, and Abbot Kinney Blvd.
This opportunity is ideally situated on a tranquil street near the Venice Canals, Ocean Front Walk, and Abbot Kinney Blvd.
Property Facts
| Price | $2,883,912 CAD | Building Class | C |
| Price Per Unit | $1,441,956 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,124 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.82/1,000 SF |
| Apartment Style | Garden |
| Price | $2,883,912 CAD |
| Price Per Unit | $1,441,956 CAD |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,124 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.82/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $6,505 CAD | 922 |
| 2+2 | 1 | $8,673 CAD | 1,202 |
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (98)
zoning
| Zoning Code | LARD2 (RD2-1-O) |
| LARD2 (RD2-1-O) |
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1922 Canal St
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