1300-1304 Riviera Ave, Venice, CA 90291

Property Overview

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1300–1304 Riviera Ave is a 5-unit multifamily asset located in the highly desirable Venice Beach neighborhood, just steps from Abbot Kinney Boulevard and a short walk to the ocean. This unique property spans two detached one-story structures on a 4,929 square foot LARD1.5-zoned lot and offers a total of 2,856 rentable square feet. Originally constructed in 1914 by Abbot Kinney as the “University of the Arts,” the property blends historic character with modern upgrades, including hardwood floors and stainless steel appliances in select units. The unit mix consists of (3) 1-bedroom/1-bath, (1) studio, and (1) 1-bedroom + office unit, ideal for today’s work-from-home tenants. With all units featuring private bungalow-style entrances and the entire property currently occupied, this offering provides immediate cash flow and further value-add potential through targeted renovations and rent increases.

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Key Property Details

• Location: 1300–1304 Riviera Ave, Los Angeles, CA 90291
• Lot Size: 4,929 SF
• Zoning: LARD1.5
• Existing Improvements: 5 Units | 2,856 SF | Built 1914 | LA RSO
• Parking: No on-site parking (Bike Score 99, Walk Score 97)
• Transit: Near Lincoln Blvd and Venice Blvd corridors
• Utilities: Not separately metered (assumed)
• Unit Mix‍
  
  • (3) 1 Bed / 1 Bath
  • (1) Studio
  • (1) 1 Bed / 1 Bath + Office

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Investment Highlights

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• 100% Occupied Asset: Delivers stable income from day one.
• Venice Beach Trophy Asset: Historic charm with creative provenance, built by Abbot Kinney.
• Private Entrances: Bungalow-style access across two detached buildings.
• Rent Upside: Two legacy units are ~35% below market; room for NOI growth.
• Work-from-Home Appeal: Junior 2-bedroom layout with dedicated office.
• Walkable Lifestyle: Immediate access to Abbot Kinney, Erewhon, Venice Canals, and Silicon Beach.

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Neighborhood and Accessibility

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Positioned in the heart of Venice, 1300–1304 Riviera Ave is surrounded by some of LA’s most iconic coastal attractions, including the Venice Canals and Beach Boardwalk. With a Walk Score of 97 and a Bike Score of 99, the location offers exceptional mobility and lifestyle convenience. Proximity to top tech employers such as Snap and Google fuels strong tenant demand and long-term rent growth in this vibrant, low-vacancy submarket.

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Market Trends and Financial Potential

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• Current Occupancy: 100%
• Vacancy Assumption: 5% (standard underwriting)
• Pro Forma Rents: Reflect Venice submarket potential
• Property Tax Rate: 1.25%
• Insurance Estimate: $1,000 per unit
• Management Fee: 4% of EGI
• Reserves: $200 per unit annually

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl