About this home

Prime Mar Vista Value-Add Opportunity: 7-Unit Multifamily with Approx 44.9% Rent Upside! A highly attractive seven-unit multifamily asset in the heart of Mar Vista, located just one block south of the vibrant Venice Boulevard retail corridor. Built in 1963, this two-story, wood-frame property features a distinctive arcaded street-facing elevation and spans 6,950 SF on a 7,501 SF lot. The property boasts an exceptional, family-friendly unit mix comprising five spacious 2-bedroom/2-bathroom units (approx. 900 SF) and two large 3-bedroom/2-bathroom units (approx. 1,100 SF). It also provides seven on-site parking spaces to serve the seven units. Investment Highlights: Massive Value-Add Potential: In-place rents currently range from $1,643 to $2,146 per month. With nearby renovated two-bedroom comps asking $2,300 to $3,395 (including a nearly identical 1963-vintage property just a half-mile away leasing at $2,799), the asset offers an estimated 44.9% rent upside. Ultimate Lease Flexibility: All seven units are on month-to-month leases with no fixed terms to wait out, allowing new ownership immediate flexibility to execute a near-term rent capture strategy. Stable, Proven Cash Flow: The property is 100% occupied with zero delinquency across all units as of August 2026. Four of the seven tenancies are long-term, dating back to 2005 or earlier. Low Initial CapEx: The investment case centers on immediate rent capture rather than heavy foundational capital requirements. Subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), this property is perfectly positioned for 1031 exchange buyers, family offices, and value-add operators seeking highly stable, upside-rich exposure in a premier Westside market.

Facts and features

Schools

• Grand View Boulevard Elementary School

  elementary · K-5 · 0.2 mi

  8

• Venice Senior High School

  high · 9-12 · 0.8 mi

  8

• Marina Del Rey Middle School

  middle · 6-8 · 1.3 mi

  5

• Wildwood School

  elementary · K-12 · 0.3 mi

• James J. Mcbride Special Education Center

  middle · 6-12 · 0.2 mi

• Wildwood School

  elementary · K-12 · 0.3 mi

Price history

• Oct 30, 2026 · Listed$1,500,000
• Oct 26, 2026 · Listing Removed—
• Sep 23, 2026 · Price Changed$1,575,000
• Sep 10, 2026 · Price Changed$1,700,000
• Aug 20, 2026 · Listed$1,900,000
• Aug 7, 2026 · Listing Removed—
• Jun 22, 2026 · Price Changed$1,950,000
• May 6, 2026 · Listed$2,150,000

Tax history

• 2025$14,004 tax · $1,085,796 assessed
• 2024$13,757 tax · $1,064,507 assessed
• 2023$13,512 tax · $1,023,173 assessed
• 2022$12,925 tax · $1,003,112 assessed
• 2021$12,736 tax · $983,444 assessed
• 2020$12,852 tax · $973,361 assessed
• 2019$12,377 tax · $954,276 assessed
• 2018$12,231 tax · $935,566 assessed

Home value

$1,559,000

• Collateral Analytics$1,559,000
• Quantarium$2,312,825

Where it is