20 Brooks Ave

20 Brooks Avenue is a rare multifamily investment opportunity located in the highly desirable Venice, California market. This low-rise property, built in 1909, spans 11,616 square feet on a 0.14-acre lot and comprises 18 units. Currently at 0% occupancy, the asset offers significant value-add potential through lease-up and market rent adjustments, with an average in-place rent of $600 per unit compared to prevailing market rates. The asking price is $5,600,000, equating to $482 per square foot and $311,111 per unit. The property is offered at a cap rate of 5.48%, presenting investors with attractive stabilized return potential in a premier submarket.

Venice boasts strong demand drivers, including proximity to high-end retail, dining, and employment hubs, making this a strategically located asset in one of Los Angeles' most sought-after neighborhoods. With all units available, the property provides immediate absorption opportunities for repositioning, renovation, or redevelopment. This investment is ideal for operators seeking to capitalize on upside potential in a high-growth rental market.