No LA submarket compounds Prop 13 basis divergence faster than Venice. A building purchased in 1990 for $600,000 is often worth multiples of that today.
Selling an apartment building here? Venice multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 3 |
| Units | 30 |
| Total volume | $9.6 million |
| Price per unit range | $232K – $467K |
With 3 closings here, this is a range rather than a median — too small a sample to call a midpoint. The full record across every submarket is in the Sterman Transaction Index.
| Address | Units | Price | Closed |
|---|---|---|---|
| 2200 Penmar Ave | 3 | $1,400,000 | 2025-09 |
| 561 Washington Blvd | 10 | $4,250,000 | 2017-03 |
| 906 Pacific Ave | 17 | $3,950,000 | 2015-11 |
Coastal proximity. Abbot Kinney. The tech campus pull from Snap and the creative-class cluster that followed. Walk streets. A finite geographic boundary that genuinely cannot expand. The pricing is not a story about cap ...
Read the full seller's guide →Living in townVenice is a coastal neighborhood internationally recognized for the Venice Boardwalk, canal system, Abbot Kinney commercial corridor, and tech employment concentration. Among the most supply-constrained submarkets in coa...
See the full neighborhood profile →Closings3 Sterman Multifamily Group closings in Venice. See the full transaction record.
See all 3 Venice closings →FAQ3 common questions about selling an apartment building in Venice — answered.
Read the full FAQ →Venice pricing is about irreplaceability. You cannot build more Venice. Small multifamily — duplexes, triplexes, fourplexes — dominates the inventory and attracts a unique buyer pool that includes high-net-worth individuals buying for personal reasons as much as for yield.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Own buildings in more than one part of LA? See the citywide record across every Los Angeles submarket →
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