Venice Apartments

Investment Overview

Venice Apartments is an 11-unit, three-story garden-style building at 4916 California Street in Omaha's Dundee neighborhood. Built in 1962, it offers uniform one-bedroom, one-bath units averaging 525 SF, with on-site laundry and off-street parking. The property is 100% occupied, its roof was replaced in 2021, and planned interior renovations offer clear value-add upside.

Investment Highlights

• Walkability: Property sits within a 2-minute walk to the Dundee corridor
• Fully occupied, simple unit mix: 100% occupancy across 11 identical 1-bed/1-bath units, each with its own HVAC unit and individually metered electricity billed to tenants
• Recent capital work: The roof was completely replaced in 2021, and the appraiser rated the building in above-average condition with an effective age of 20 years