$5,900,000 Price Analysis   ♡   Venice, CA 90291 14 bed 15 bath 11,278 SqFt ($523/SqFt) 7,684SqFt lot. Built 1925 Listed 2024-07-02, Taxes $18,166 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
923-933 Venice Boulevard in Venice
CA, is a classic 1920s architectural apartment building. This property, located a few blocks from Abbot Kinney and Venice Beach, offers an excellent location. It is adjacent to an 8-unit building also for sale by the same owner.
The property provides additional passive income from a bllboard lease, generating $4, 400 per month. The zoning is C2/R4 TOC Tier 3, allowing for a maximum of 33 units.
Presented by Stephen Lampe at
RE MAX Commercial & Investment Realty.
Property MLS #SB24135652 from CRMLS
Bedrooms: 14
Laundry Features: Common Area
Full Bathrooms: 15
Lot Description: Corner Lot, Lot 6500-9999
Lot Size Acres: 0.1764004
Lot Size Source: Assessor
Lot Size Square Feet: 7684
Lot Size Acres: 0.1764004
Lot Size Source: Assessor
Lot Size Square Feet: 7684
Road Frontage Type: City Street
Road Surface Type: Paved
Road Surface Type: Paved
Number of Units: 15
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Gardener Expense: 3460.00
Maintenance Expense: 13500.00
Maintenance Expense: 13500.00
Vacancy Allowance: 6249
Rent Control: Yes
Rent Control: Yes
Community Features: Biking, Curbs, Sidewalks
Source Listing Status: Active
County: Los Angeles
Cap Rate: 3.51
Other Expense: 1600.00
Source Property Type: Residential Income
Insurance Expense: 7737.00
Area: C11 - Venice
Source Neighborhood: C11 - Venice
New Taxes Expense: 70741.00
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 15
Number of Separate Water Meters: 1
Parcel Number: 4241035008
Postal Code Plus 4: 4904
Professional Management Expense: 12500.00
Trash Expense: 1600.00
Zoning: LAC2
Source System Name: C2C
County: Los Angeles
Cap Rate: 3.51
Other Expense: 1600.00
Source Property Type: Residential Income
Insurance Expense: 7737.00
Area: C11 - Venice
Source Neighborhood: C11 - Venice
New Taxes Expense: 70741.00
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 15
Number of Separate Water Meters: 1
Parcel Number: 4241035008
Postal Code Plus 4: 4904
Professional Management Expense: 12500.00
Trash Expense: 1600.00
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $409,431 + $982,649 $1,392,080 | $18,166 |
| 2021 | $401,403 + $963,382 $1,364,785 | $17,892 |
| 2020 | $397,288 + $953,504 $1,350,792 | $18,053 |
| 2019 | $389,499 + $934,808 $1,324,307 | $17,394 |
| 2018 | $381,862 + $916,479 $1,298,341 | $17,249 |
| 2017 | $374,375 + $898,509 $1,272,884 | $16,862 |
| 2016 | $367,035 + $880,892 $1,247,927 | $16,380 |
| 2015 | $361,522 + $867,661 $1,229,183 | $16,159 |
| 2014 | $354,441 + $850,665 $1,205,106 | $16,304 |
| 2013 | $352,840 + $846,821 $1,199,661 | $16,299 |
| 2012 | $345,922 + $830,217 $1,176,139 | $16,512 |
| 2010 | $339,140 + $813,939 $1,153,079 | $16,220 |
| 2009 | $337,406 + $809,776 $1,147,182 | $15,649 |
| 2009 | $336,606 + $807,856 $1,144,462 | $15,649 |
| 2008 | $330,791 + $793,899 $1,124,690 | $15,031 |
| 2007 | $324,305 + $778,333 $1,102,638 | $14,525 |
Listed 2024-07-02
$5,900,000
CRMLS
Sold 2002-11-06
$1,020,010
Public Record
Sold 2002-10-17
$362,000
Public Record
Sold 1977-06-01
$236,000
Public Record
$5,900,000
CRMLS
Sold 2002-11-06
$1,020,010
Public Record
Sold 2002-10-17
$362,000
Public Record
Sold 1977-06-01
$236,000
Public Record
Net Operating Income: 207017.00
Total Square Feet Living: 11278
Year Built: 1925
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: ground
Property Age: 99
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Year Built: 1925
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: ground
Property Age: 99
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Electric Expense: 2770.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2770.00
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2770.00
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
Mark Twain Middle School and World Languages Magnet is a public middle school located approximately 0.5 miles away.
Map directions
Map directionsBroadway Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions
Map directionsVenice Senior High School is a public high school located approximately 0.6 miles away.
Map directions
Map directionsActon Academy Venice Beach is a private elementary, middle and high school located approximately 0.1 miles away.
Map directions
Map directions
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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.