Venice Apartment Building Sales
Explore 5 closed transactions totaling $10.63M in Venice. Data from the LAAA Team at Marcus & Millichap.
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Transactions
$10.63M
Total Volume
3.73%
Avg Cap Rate
$719,633
Avg $/Unit
5
Avg Units
2012
Since
Cap rate, price per unit and unit count are averaged across apartment sales only: 2 of these 5 closed transactions are apartment sales.
LAAA Team Track Record Since 2012
Venice Multifamily Market Overview
Venice commands some of the highest per-unit pricing in the LAAA Team's record, driven by beach proximity, Abbot Kinney Boulevard, and Silicon Beach. Across 5 transactions totaling $10.6M, the 2 apartment sales average a 3.73% cap rate at $719,633 per unit across 9 units. LA RSO applies.
Market Snapshot
Source: CoStar | Venice Beach Multifamily | 2026 Q1Rents by Unit Type
Investment Activity (Trailing 12 Mo)
Venice Market Area
LAAA Team Closings in Venice
5 transactions by Glen Scher, Filip Niculete & the LAAA Team
657 Flower Ave
Venice • 2024
$1,175,000
2339 Abbot Kinney Blvd
Venice • 2022
$1,817,800Units
3Cap
3.35%$/Unit
$605,933
1209 6th Ave
Venice • 2021
$910,000
22 Park Ave
Venice • 2021
$5,000,000Units
6Cap
4.11%$/Unit
$833,333
635 San Juan Ave
Venice • 2020
$1,725,000
Source: LAAA Team Closed Transactions
Recent Deal Stories
Venice Multifamily Investment FAQs
Venice buildings average $719,633 per unit, among the highest in the LAAA Team's footprint, based on the 2 apartment sales within 5 closed transactions totaling $10.6M.
Cap rates average 3.73% across Venice's 2 apartment sales.
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