Description

1700-1702 Lincoln Boulevard presents a rare, fully leased four-unit multifamily asset in the heart of Venice, California. Built in 1925 and situated on a 0.275-acre parcel with LAC2 zoning, this property combines classic character with modern cash flow, offering 14 dedicated on-site parking spaces—a premium amenity in this coastal submarket.

Offered at $5,850,000, or $713.77 per square foot, the building currently produces an annual NOI of $232,213, reflecting a 3.88% going-in cap rate. Under conservative stabilization assumptions, investors can anticipate an NOI of $402,334, translating to a 7.96% stabilized cap rate and enhanced value-add upside.

Positioned along vibrant Lincoln Boulevard, this asset benefits from proximity to Venice’s premier retail, dining and beach destinations. With 100% occupancy, strong demand fundamentals and entitlements for increased density, 1700-1702 Lincoln Boulevard represents a compelling opportunity for owner-operators and institutional investors seeking stable income and long-term appreciation.