Venice Beach Multifamily Broker
Whether you’re selling a boutique apartment building near Abbot Kinney or a mixed-use multifamily asset closer to the beach, we advise owners on pricing and buyer strategy in Venice’s highly localized, lifestyle-driven investment market.
Venice Beach Multifamily Market Snapshot
Venice is one of the most distinctive multifamily submarkets in Los Angeles, positioned at the center of Silicon Beach and defined by its coastal location, walkability, and lifestyle-driven tenant demand. Asking rents in Venice rank among the highest in the region, averaging approximately $3,400+ per unit, well above the broader Los Angeles average, reflecting the area’s proximity to major tech employers and beach-adjacent appeal.
The submarket is characterized by limited inventory and small-to-mid-sized apartment buildings, many of which appeal to long-term holders, owner-users, and family investors. While recent development has introduced a wave of new supply, overall vacancy remains relatively contained at approximately 5–6%, and new construction represents a modest percentage of total inventory when viewed over a longer time horizon.
Investment activity in Venice remains steady, with an average of 20+ multifamily transactions annually and pricing driven more by location, asset quality, and long-term value than short-term yield. Buyer demand tends to favor well-located properties near Abbot Kinney, the beach, and key residential corridors, where scarcity and neighborhood character continue to support pricing through market cycles.
Because Venice assets vary widely in zoning, unit mix, and tenant profile, accurate valuation and targeted buyer outreach are critical to navigating this highly localized and competitive multifamily market.
AVG CAP RATE
4.4% - 4.8%
AVG PRICE PER UNIT
$420,000 - $530,000
VACANCY RATE
5.9%
RENTAL GROWTH
0.3% YoY
What is my Venice Apartment Building Worth?
The value of a Venice apartment building depends on more than recent sale comps. Unit mix, current rents, vacancy, rental upside, property condition, parking, proximity to the beach, tenant profile, and local rent control regulations can all significantly impact pricing. At The Glaser Group, we evaluate each property based on its in-place income, future upside, and current investor demand in the Venice multifamily market.
Whether you own a small apartment building near Abbot Kinney, a value-add property near Lincoln Boulevard, or a multifamily asset just blocks from the beach, our team can provide a confidential opinion of value based on your rent roll, expenses, building condition, comparable sales, and active buyer demand throughout Venice and the surrounding Westside neighborhoods.
Our Recent Multifamily Sales in Venice Beach
2201 Ocean Ave, Venice, CA 90291
Sale Price: $4,750,000
Units: 10
Year Built: 1975
Property Type: Coastal Venice multifamily property with large townhome-style units
Buyer Type: Seasoned multifamily operator seeking a rare value-add asset in Venice
Seller Situation: Long-term owner who inherited the property and worked with our team over several years as market conditions evolved
Result: Sold a generational coastal asset just blocks from the beach and steps from the Venice Canals, supported by assumable fixed-rate debt and meaningful rental upside
The Glaser Group represented the seller in the sale of 2201 Ocean Ave, a 10-unit multifamily property in Venice located just blocks from the beach and steps from the Venice Canals. Offered for the first time in nearly two decades, the property featured ten large townhome-style units with ocean and skyline views, extensive parking, and long-term repositioning potential.
The seller, a long-term owner who inherited the property, worked closely with our team over several years as market conditions evolved. When the decision was made to sell, we advised on timing, pricing, and positioning to maximize value for a rare coastal multifamily asset in one of Los Angeles’ most supply-constrained rental markets.
The buyer, a seasoned multifamily operator, identified the property as a rare opportunity to reposition an irreplaceable Venice location. The transaction reflected strong demand for well-located value-add multifamily assets in Venice, supported by assumable fixed-rate debt, meaningful rental upside, and targeted outreach to qualified buyers.
11 19th Ave, Venice, CA 90291
Sale Price: $2,600,000
Units: 3
Year Built: 1971
Property Type: Venice triplex near Muscle Beach with ocean views
Buyer Type: First-time multifamily investors and U.S. Army veterans planning for owner occupancy
Seller Situation: Long-term multifamily owner liquidating a portfolio after decades of ownership
Result: Represented both sides; coordinated financing timing; structured a solution that resolved an outstanding loan obligation and allowed the transaction to close smoothly
The Glaser Group represented both parties in the sale of 11 19th Ave, a triplex multifamily property in Venice located along the Historic Venice Walk Streets near Muscle Beach. The property offered ocean views, strong lifestyle appeal, and a unique unit mix consisting of a 1-bedroom plus loft, a 2-bedroom plus loft, and a studio.
The seller, a long-term multifamily owner liquidating a portfolio after decades of ownership, selected our team based on our Westside multifamily track record, strategic approach, and clear communication. The buyers, two U.S. Army veterans and first-time multifamily investors, acquired the property with plans for owner occupancy while maintaining the investment fundamentals of the asset.
The transaction required careful coordination around financing timing and an outstanding loan obligation. Our team structured a practical solution that allowed the seller to resolve the issue and close smoothly. This sale highlights the importance of precise execution and market-specific expertise when transacting in Venice’s highly competitive coastal multifamily market.
20 19th Ave, Venice, CA 90291
Sale Price: $1,625,000
Units: 4
Year Built: 1908
Property Type: Venice fourplex along the Historic Venice Walk Streets near Muscle Beach
Buyer Type: Out-of-state investors completing their first multifamily acquisition with plans for future owner occupancy
Seller Situation: Longtime multifamily owner liquidating a larger portfolio
Result: Represented both sides; structured the transaction around timing and financing considerations; addressed a pending loan payoff and closed efficiently before month-end
The Glaser Group represented both parties in the sale of 20 19th Ave, a 4-unit multifamily property in Venice located along the Historic Venice Walk Streets, just steps from Muscle Beach and the Pacific Ocean. The property consisted of four 1-bedroom/1-bath units and benefited from extensive upgrades, minimal deferred maintenance, and strong coastal appeal.
The seller, a longtime multifamily owner in the process of liquidating a larger portfolio, partnered with our team to execute a timely and well-coordinated sale. The buyers, out-of-state investors completing their first multifamily acquisition, were drawn to the property’s location, condition, and long-term lifestyle value, with plans for future owner occupancy.
Given the transaction’s timing and financing considerations, our team structured a practical solution that addressed a pending loan payoff before month-end and allowed the deal to close efficiently. This sale highlights the importance of precise execution, local market knowledge, and creative problem-solving in Venice’s highly competitive coastal multifamily market.
Considering Selling a Venice Apartment Building?
These Venice sales show how proximity to the beach, buyer demand, unit mix, property condition, rental upside, parking, financing structure, and the right marketing process can impact both pricing and certainty of close. If you own an apartment building in Venice, The Glaser Group can provide a confidential opinion of value based on your rent roll, expenses, tenant profile, building condition, current income, coastal location, and active investor demand throughout Venice and the surrounding Westside neighborhoods.
Meet Your Venice Beach Multifamily Expert
Jake Glaser: Top 1% Los Angeles Apartment Agent
Jake Glaser is the Principal Broker & Founder of The Glaser Group, specializing in the sale of apartment buildings in Venice & Los Angeles. Jake is one of the highest transacting apartment building brokers in LA, with over $65 million closed in 2025 alone across 35 transactions. He advises his clients in the acquisition and disposition of multifamily properties across the city, ranging from 4-plexes up to large apartment complexes in the $1M - $25M range. In total, he has closed over $250 million of commercial and multifamily volume within LA County, and he is the #1 producing agent at Lyon Stahl Investment Real Estate in Century City.
In addition to multifamily and commercial dispositions, he specializes in 1031 exchanges on a national level, having helped countless clients reposition their portfolios by trading their assets into local and out-of-state multifamily, triple-net, and DST opportunities.
Let’s connect today to start an honest, open dialogue about your unique situation to see how we can better your position, whether it be now or in the future.
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Venice is a highly localized multifamily market where pricing and demand are driven as much by lifestyle and micro-location as by traditional financial metrics. Proximity to the beach, Abbot Kinney, walk streets, and zoning characteristics often have an outsized impact on value, resulting in a market that rewards precise underwriting and neighborhood-level expertise.
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Venice multifamily inventory is dominated by smaller apartment buildings, triplexes, fourplexes, and mixed-use properties. Many assets feature unique layouts, architectural character, or non-standard zoning, which can create both opportunity and complexity for buyers and sellers.
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Buyers in Venice often include long-term private investors, family legacy buyers, and owner-users seeking a combination of investment income and lifestyle value. Demand is particularly strong for well-located properties near the beach, walk streets, and Abbot Kinney, where scarcity supports pricing across market cycles.
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Valuation in Venice is influenced by a mix of in-place income, comparable sales, price-per-unit metrics, and location-specific factors. Unlike more uniform submarkets, Venice properties can vary widely in unit mix and zoning, making market knowledge and deal-level analysis critical to accurate pricing.
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Owners should consider how location, tenant profile, zoning, and property condition align with current buyer demand. Because Venice attracts a targeted and experienced buyer pool, working with a broker who understands neighborhood nuances and maintains strong buyer relationships can significantly impact pricing and execution.
Frequently Asked Questions About Venice Beach Multifamily
Nearby Multifamily Markets We Serve
Looking for multifamily expertise beyond Venice? The Glaser Group advises apartment building owners across nearby Westside and Central Los Angeles submarkets. Explore our local multifamily broker pages for market-specific sales experience, valuation guidance, and recent case studies.
West Hollywood Multifamily Broker
Los Angeles Multifamily Broker
Mid-Wilshire Multifamily Broker
Santa Monica Multifamily Broker
Beverly Hills Multifamily Broker
