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$15,950,000   Price Analysis
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3617 W Venice Blvd
Los Angeles, CA 90019
56 bed 57 bath 27,448 SqFt ($581/SqFt)
0.37 acre lot. Built 2023
Listed 2022-10-12, Taxes $76,431
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

ST Realty Inc is pleased to present the opportunity to acquire a brand new

29-unit apartment building in Mid City Built-in 2023, The Property, is located at 3617 Venice Blvd. The property offers large, sizeable 2 bed 2 bath units with an average square footage of 870 SF. It also includes in unit washer and dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C and heat, reserved parking and incredible views!

The Property is cen trally located and a short distance from Culver City, West Adams, Koreatown, Larchmont, Downtown and Hollywood.


Presented by Paul Schon at
ST Realty, Inc.


Property MLS #22-208167 from TheMLSCLAW

Bedrooms: 56

Total Bathrooms: 57
Full Bathrooms: 57

Laundry Facilities: In Unit
Laundry Features: In Unit

Cooling Features: Air Conditioning
Heating Features: Central

Covered Spaces: 32
Garage Description: Assigned
Parking Total: 32

Lot Size Acres: 0.3662075
Lot Size Source: Builder
Lot Size Square Feet: 15952

View: City Lights, City
Other Equipment: Dishwasher, Elevator, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Washer, Refrigerator, Range/Oven

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 29
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 960000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 28800, 3 BathsTotal: 1, 3 SquareFeet: 24000

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4
Directions: google
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5072-017-016
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$4,000,000 + $2,522,828
$6,522,828
$76,431
2021$unknown + $2,473,361
$2,473,361
$29,470
2020$unknown + $2,448,000
$2,448,000
$29,406

Relisted 2024-02-05
$15,950,000
TheMLSCLAW
Listing removed 2024-02-03
$0
TheMLSCLAW
Listing removed 2024-02-01
$0
TheMLSCLAW
Listed for rent 2023-12-15
$2,750
TheMLSCLAW
Price Changed 2023-10-18
$15,950,000
TheMLSCLAW
Listing removed 2023-09-05
$0
TheMLSCLAW
Listed for rent 2023-08-24
$2,000
TheMLSCLAW
Listed 2022-10-12
$16,800,000
TheMLSCLAW
Sold 2018-10-11
$2,400,000
Public Record
Sold 2016-02-11
$1,200,000
Public Record
Sold 2011-09-09
$575,000
Public Record
Sold 2002-09-10
$460,000
Public Record

Net Operating Income: 683117

Total Square Feet Living: 27448
Year Built: 2023
Levels: One Level
Living Area Source: Estimated
New Construction: Yes
Property Age: 1
Levels or Stories: 4
Building Total Stories: 4
Year Built Source: Estimated

Johnnie Cochran, Jr., Middle School is a public middle school located approximately 0.2 miles away.
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Arlington Heights Elementary School is a public elementary school located approximately 0.2 miles away.
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Los Angeles Senior High School is a public high school located approximately 1 miles away.
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Spirit Child Development Center is a private elementary school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.