Whether you are people watching along the famously free-spirited boardwalk, spending the afternoon shopping, or enjoying an evening of sophisticated music, Venice shuns the normal in favor of something edgy, raw and eclectic. Founded in 1905, the once-neglected submarket has become one of LA’s trendiest hot spots thanks to the emergence of Abbot Kinney Blvd’s fashionista-worthy boutiques, fantastic foodie destinations and popular farmer’s market. With a broad appeal that extends well beyond its bohemian reputation, rental units in Venice are always in high demand. Venice boasts some of the highest average rents per-square-foot of anywhere in LA – making multifamily properties here a solid long-term investment.
Market Stats - 2020
Overview - Annual Sales Stats
BUILDINGS SOLD
4
AVERAGE SALE PRICE
$4,324,000
AVERAGE PRICE PER UNIT
$480,444
AVERAGE PRICE PER SQUARE FOOT
$656Rent vs Vacancy - Historical*
*Data Source: CoStarBuildings Sold - Historical
