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$1899000   Price Analysis
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486 Carroll Ave
Venice, CA 90291
4 bed 3 bath 1604 SqFt ($1183/SqFt)
2701SqFt lot. Built 1930
Listed 2024-05-25, Taxes $8389
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Located 150 feet from the Historic Venice Canal

Carroll Ave presents a compelling opportunity for investors to acquire a triplex property. Positioned on a coveted corner lot with alley access and private parking spaces, this free-standing property boasts one 2-bed 1-bath unit and two 1-bed 1-bath units, centered around a charming courtyard.

Situated in the epicenter of LA's fashion, art and culinary scene, with renowned hot spots like Abbot Kinney and the lively Venice Boardwalk - in one of LA's most dynamic neighborhoods. This income property is an ideal choice for those seekng a lucrative investment, with close proximity to both ocean and city living.


Presented by Bijan Raphael at
Casey Bohn.


Property MLS #24-394015 from TheMLSCLAW

Bedrooms: 4

Total Bathrooms: 3
Full Bathrooms: 3

Lot Size Acres: 0.0620064
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 2701

Garage Description: Assigned, Attached, Private, Parking Space
Parking Total: 3

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 3
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 4500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 3000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 3500

Gross Income: 86300
Vacancy Allowance: 2589

Source Listing Status: Active
County: Los Angeles
Cap Rate: 3
Directions: South of Venice Blvd, West of Abbot Kinney, at the corner of Ocean Ave and Carroll Ave
Source Property Type: Residential Income
Area: Venice
Source Neighborhood: Venice
Parcel Number: 4227-007-023
Postal Code Plus 4: 4641
Zoning: LARD3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$113412 + $582998
$696410
$8389
2021$111189 + $571567
$682756
$8281
2020$110049 + $565707
$675756
$8365
2019$107892 + $554615
$662507
$8035
2018$105777 + $543741
$649518
$7989
2017$103703 + $533080
$636783
$7817
2016$101670 + $522628
$624298
$7637
2015$100143 + $514778
$614921
$7526
2014$98182 + $504695
$602877
$7567
2013$97739 + $502415
$600154
$7561
2012$95823 + $492564
$588387
$7662
2010$93945 + $482906
$576851
$5901
2009$77577 + $369992
$447569
$5683
2009$77393 + $369115
$446508
$5683
2008$76056 + $362738
$438794
$5441
2007$74565 + $355626
$430191
$5263

Listed 2024-05-25
$1899000
TheMLSCLAW
Listing removed 2024-04-28
$0
TheMLSCLAW
Price Changed 2024-03-11
$2095000
TheMLSCLAW
Listed 2024-01-10
$2160000
TheMLSCLAW
Sold 2022-06-28
$1910000
TheMLSCLAW
Listing removed 2021-02-05
$0
CRMLS
Listed 2020-10-20
$2950000
CRMLS
Listing removed 2019-12-13
$0
TheMLSCLAW
Listed 2019-10-17
$1800000
TheMLSCLAW
Listing removed 2019-10-16
$0
TheMLSCLAW
Price Changed 2019-06-29
$1850000
TheMLSCLAW
Price Changed 2019-05-08
$1750000
TheMLSCLAW
Relisted 2019-04-13
$1850000
TheMLSCLAW
Listing removed 2019-04-12
$0
TheMLSCLAW
Listed 2019-02-16
$1850000
TheMLSCLAW
Listing removed 2017-03-14
$1795000
CRMLS
Listed 2017-01-20
$1795000
CRMLS
Sold 2010-02-08
$180000
Public Record
Listing removed 2005-11-05
$1500000
ITECH
Listed 2005-08-22
$1500000
ITECH
Listing removed 2000-10-17
$450000
ITECH
Sold 2000-03-17
$375000
Public Record
Listed 1999-07-17
$450000
ITECH
Sold 1989-10-24
$375000
Public Record
Sold 1985-06-12
$225000
Public Record

Net Operating Income: 57000

Total Square Feet Living: 1604
Year Built: 1930
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 94
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Electric Expense: 500

Coeur D'Alene Avenue Elementary School is a public elementary school located approximately 0.7 miles away.
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Mark Twain Middle School and World Languages Magnet is a public middle school located approximately 1.3 miles away.
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Venice Senior High School is a public high school located approximately 1.4 miles away.
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Venice Luthern School is a private elementary and middle school located approximately 0.7 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.