Situated in the heart of Venice, 1034 Pleasantview Ave presents the opportunity to acquire a well-maintained three-unit multifamily property in one of Los Angeles' most desirable coastal neighborhoods. Built in 1987, the property consists of three spacious 3-bedroom, 2-bathroom units totaling 3,720 square feet on a 4,634 square foot lot. The property's larger floor plans and newer construction provide a highly desirable housing option in a market where demand for quality rental housing remains strong.
Offered at a 4.76% Current CAP Rate and 14.59 Current GRM, the property presents investors with the opportunity to acquire a well-located 1980s-constructed asset that is not subject to Los Angeles City Rent Control (only AB 1482 Statewide Rent Control). The property offers strong long-term income growth potential, achieving a projected 8.22% Pro Forma CAP Rate and 9.60 Pro Forma GRM.
Recent capital improvements further enhance the property's appeal, including Hardie Board exterior siding, dual-pane windows, and a new roof installed in 2022. Additional amenities include in-unit laundry in all three units and gated carport parking with six total parking spaces. Built in 1987, the property offers a newer construction profile than much of the surrounding multifamily inventory, contributing to its long-term appeal and operational efficiency.
Conveniently located just moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and major Westside employment centers, this offering presents an attractive opportunity to acquire a well-positioned multifamily investment in one of Southern California's most sought-after rental markets.
Property Details
- Bedrooms
- 9
- Bathrooms
- 6.0
- Full Baths
- 6
- Lot Features
- Two To Five Units Acre
- Stories
- 2
- Lot Description
- Two To Five Units Acre
- Acres
- 0.106
- Square Feet
- 3720.0
- Lot Size (sqft)
- 4634.0
- Parking Spaces
- 0.0
- Parking Garage Spaces
- 0.0
- Property Type
- Purchase
- Property Subtype Additional
- Triplex
- Year Built
- 1987
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Community Features
- Biking
- School District
- Los Angeles Unified
- High School
- Venice
- County
- Los Angeles
- Region
- Venice
- Original List Price
- $1,900,000
- Days on Market (Cumulative)
- 49
- HOA Fees
- 0.0
- MLS #
- SB26159060
- Property Subtype
- Triplex
- Parcel Number
- 4239016004
- MLS #
- SB26159060
- Structure Type
- Triplex
- Date Listed
- July 22, 2026
- Address
- 1034 Pleasantview
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Brett Lyon (#SBLYONBRE)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#sb1310620)
