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815 Ocean Front Walk
For Sale $3,995,000 ($887.78 per Sq Ft)
$3,995,000 ($887.78 per Sq Ft)
- 8 Units
- 4,500 Sq Ft
- 4,504 Sq Ft
- Unknown Cap Rate
Description
RTI opportunity for the complete renovation of two two-story, four-unit buildings (eight total units) with both coastal and city approvals in place. This offering provides a rare chance to reposition a legacy multifamily asset with clear entitlement visibility in one of Los Angeles' most supply-constrained coastal markets. A full construction quote is in hand, offering transparency on scope, timing, and overall cost, and allowing a buyer to move forward with confidence. The approved plans include private outdoor patios for all four ground-floor residences, enhancing indoor-outdoor coastal living and tenant appeal. Situated directly on Venice Beach's world-famous boardwalk, the property enjoys unobstructed ocean views and irreplaceable oceanfront frontage. The location is further enhanced by close proximity (just two blocks) to Abbot Kinney Boulevard, Main Street, and Rose Avenue, placing premier dining, retail, and lifestyle amenities within easy reach. Architectural plans and finish packages are complete and ready for immediate execution, enabling construction to commence without delay. This is an exceptional value-add investment opportunity combining RTI entitlements, premier oceanfront exposure, and enduring rental demand in one of Southern California's strongest coastal submarkets.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,995,000 |
| Property Type | Multi-Family |
| Usable Sqft | 4,500 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1908 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4286027008 |
| MLS # | 26645551 |
| Property ID | 322555007 |
| Lot Sqft | 4,504 |
| Zoning | LAC1 |
| Total Units | 8 |
| Days on Market | 118 |
| Original List Price | $3,995,000 |
| Date Updated | February 06, 2026 |
| Date Created | January 29, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $3,800 | $15,200 |
| Unit #2 | 1 | 1.00 | $3,500 | $14,000 |
| Gross Income (Yr) | $ 339,888 |
| Operating Expenses | $ 105,120 |
| Net Income (Yr) | $ 234,768 |
Listing Provided By
R. Austin Brasch an agent of . Lic #01980889
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