20 19th Ave, Venice, CA 90291

Apr 1

Written By Jake Glaser

Charming 4-Plex on Venice Walk-Street by the Beach

Sold: $1,625,000

Property Highlights

Charming 4-plex on Venice Walk-Street
Prime location just steps from the Beach, Venice Boardwalk, and Muscle Beach
All 1-bed / 1-bath units with great natural light
Three renovated units with wood flooring, upgraded kitchens & bathrooms & recessed lighting in two units
Large shared sundeck for upstairs units
Private, fenced front yard with lush landscaping
Four uncovered parking spaces for each unit
Community laundry room provides additional income
Ideal for investors seeking a prime coastal asset with outdoor space and character
First-time multifamily buyers guided through seamless closing; seller prioritized Glaser Group for expertise
Buildings delivered with minimal deferred maintenance and strong income in place

The Deal Story

The Glaser Group is proud to announce the successful closing of 11 & 20 19th Ave in Venice, CA—two landmark multifamily assets along the Historic Venice Walk Streets, adjacent to Muscle Beach with ocean views. This marks our 22nd closing so far in 2025.

Across the two properties, the 7 units sold for a combined $4,225,000, equating to $603,571 per unit and $836.60 per square foot, at a 4.78% Cap Rate and 14.54 GRM. 11 19th Ave is a triplex featuring (1) 1-bedroom/2-bath plus loft, (1) 2-bedroom/2-bath plus loft, and (1) studio, while 20 19th Ave is a fourplex with (4) 1-bedroom/1-bath units. Both properties have received countless luxury upgrades, present minimal deferred maintenance, and exemplify the coastal lifestyle that makes Venice Beach one of Los Angeles’ most sought-after communities.

The Seller, who is nearing his 90s, was liquidating a 10+ property multifamily portfolio after decades of ownership. He selected The Glaser Group over other top brokerages due to our relevant westside track record, strategic listing approach, multifamily niche, and clear communication.

The Buyers, two U.S. Army veterans and first-time multifamily owners, purchased the buildings with plans for their son to owner-occupy one of the units. We guided them through their first multifamily transaction to ensure a smooth & timely closing.

Representing both sides of the transaction, The Glaser Group executed a strategic gap-funding solution, allowing the Seller to pay off a pending loan prior to month-end and avoid additional late fees, ensuring a seamless close for all parties.

In today’s competitive market, precision and execution matter. The Glaser Group continues to deliver results that align with client goals and unlock value at every stage of the deal. Reach out for more details or to discuss the sale of a similar asset.