$1,750,000 Price Analysis 214 Market StVenice, CA 90291 0 bed 4 bath 2,564 SqFt ($682/SqFt) 2,230SqFt lot. Built 1910 Listed 2024-06-18, Taxes $20,981 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon B each, this location is poised to command consistent and growing cash flows for the foreseeable futur and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four sizeable one-bedroom units that have consistently produced market rents (and that enjoy turnover often enough to stay on pace with submarket rent growth) and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and a hop-skip away from Abbot Kinney (literally crowned the coolest block in America in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice.
Just a stone's throw to Rose Corridor and Main Street, blocks to the sand and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.
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Property MLS #24-405009 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $486,868 + $1,282,424 $1,769,292 | $20,981 |
2021 | $477,322 + $1,257,279 $1,734,601 | $20,722 |
2020 | $472,428 + $1,244,388 $1,716,816 | $20,938 |
2019 | $463,165 + $1,219,989 $1,683,154 | $20,099 |
2018 | $454,084 + $1,196,068 $1,650,152 | $20,037 |
2017 | $445,181 + $1,172,616 $1,617,797 | $19,601 |
2016 | $436,452 + $1,149,624 $1,586,076 | $19,166 |
2015 | $429,897 + $1,132,356 $1,562,253 | $18,884 |
2014 | $222,955 + $780,354 $1,003,309 | $12,520 |
2013 | $221,948 + $776,828 $998,776 | $12,515 |
2012 | $217,597 + $761,597 $979,194 | $12,682 |
2010 | $213,331 + $746,664 $959,995 | $12,409 |
2009 | $212,241 + $742,845 $955,086 | $11,953 |
2009 | $211,737 + $741,084 $952,821 | $11,953 |
2008 | $208,080 + $728,280 $936,360 | $11,438 |
2007 | $204,000 + $714,000 $918,000 | $11,064 |
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.