Est. cap rate

2.7%

Assumed rent, all units

$6,980/mo

Units

2

Price per unit

$772,500

Est. annual NOI

$41,880

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,012 sqft

Lot size

2,991 sqft

Year built

1979

Stories

2

Garage spaces

1

Heating

Forced Air

Cooling

None

Pool

None

Status

Active

Days on market

24

MLS #

247241167

About this property

Calling all owner-users and investors - 1920 Canal Street in Venice, CA presents a compelling duplex opportunity in one of Los Angeles’ most sought-after coastal rental markets. The property features a downstairs 1-bedroom unit and an upstairs 2-bedroom unit, both currently occupied, with each residence offering in-unit laundry and private outdoor space. The building is non-RSO and includes an approved permit for a studio ADU, providing an opportunity to create additional rental income or flexible live/work space. Ideally suited for an owner-user or investor, 1920 Canal offers the opportunity to acquire a well-positioned duplex in a premier Westside location. With strong rental demand, limited housing supply, and Venice’s enduring appeal as a coastal destination, the property offers an attractive combination of current income and long-term value potential.

Location

1920 Canal

Venice, Los Angeles, CA, 90291