32 N Venice Blvd

32 N Venice Blvd presents a rare opportunity to acquire a fully leased 4-unit multifamily asset in the heart of Venice Beach.

The property is secured by a long-term master lease to a Sober Living operator, delivering stable, passive income with minimal landlord responsibilities. With 3% annual rent increases, strong guarantor backing, and a prime coastal location, this asset offers a bond-like investment profile with built-in yield growth. The investment is particularly well suited for 1031 exchange buyers seeking a secure, low-management replacement asset, combining predictable income, limited operational burden, and long-term appreciation potential in a premier coastal market.

This home located at 32 N Venice Blvd is currently active and has been available on pardeeproperties.com for 7 days. This property is listed at $3,500,000. It has 7 beds and 5 bathrooms. The property was built in 1964. 32 N Venice Blvd is in the Venice community of Los Angeles County.

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