Venice Apartment Building Sales
Explore 5 closed multifamily transactions totaling $10.63M in Venice. Data from the LAAA Team at Marcus & Millichap.
5
Transactions
$10.63M
Total Volume
3.73%
Avg Cap Rate
$719,633
Avg $/Unit
5
Avg Units
2013
Since
Venice Multifamily Market Overview
Venice commands the highest per-unit pricing in LA at $720K/unit, driven by beach proximity, Abbot Kinney Boulevard, and Silicon Beach. Across 5 transactions totaling $10.6M, average cap rate is 3.73%. LA RSO applies.
Market Metrics
Total Deals
5
Total Volume
$10.63M
Avg Cap Rate
3.73%
Cap Rate Range
3.35% - 4.11%
Avg $/Unit
$719,633
$/Unit Range
$605,933 - $833,333
Avg Units/Deal
5
Deal Types
Land: 3, Apartments: 2
Market Snapshot
Source: CoStar | Venice Beach Multifamily | 2026 Q1Rents by Unit Type
Supply & Demand
Investment Activity (Trailing 12 Mo)
LAAA Team Closings in Venice
5transactions by Glen Scher, Filip Niculete & the LAAA Team
657 Flower Ave
Venice • 2024
$1.18M
2339 Abbot Kinney Blvd
Venice • 2022
$1.82MUnits
3Cap
3.35%$/Unit
$605,933
1209 6th Ave
Venice • 2021
$910,000
22 Park Ave
Venice • 2021
$5MUnits
6Cap
4.11%$/Unit
$833,333
635 San Juan Ave
Venice • 2020
$1.73M
Source: LAAA Team Closed Transactions
Recent Deal Stories
Venice Multifamily Investment FAQs
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