$2,700,000 Price Analysis   ♡   Venice, CA 90291 3 bed 2 bath 1,634 SqFt ($1652/SqFt) 3,309SqFt lot. Built 1905 Listed 2024-04-09, Taxes $40,696 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
With low down payment SBA financing available and extra income from a mural wall scape
Could owning a live/work property in Venice Beach help your creative business grow this year? What if you could own this excellent space for 10% less than it appraised for in October 2020? This is the opportunity at hand as the Seller needs to offset other gains in her portfolio, so we can structure a massive win-win with the Seller's loss and your gain! Etched into the heart of quintessential L.A. coolness in vibrant Venice Beach and brimming with potential to bloom into yet untold creative expression. Offering immense flexibility with allowable commercial and residential uses and strategically located at the entry of the Windward Circle near the Venice sign, this unique creative office or live/work opportunity on a versatile C2 street-to-alley lot is a perfectly blended segue between commercial and residential corridors. Just a hop-skip away from Abbott Kinney (literally crowned the coolest block in America in GQ's Style Bible) and 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. The property itself presents as a standalne single-story boutique building with soaring skylit ceilings and bathed in abundant natural lighting, evoking the embodiment of SoCal vibes throughout its modern open floor plan.
With a compelling blend of aesthetics and functionality, the building spans 1, 634 square feet across three vast bedrooms, recently remodeled kitchen and two bathrooms. Adding to the versatility, a storage room with separate entry and huge crawlspace are already in place for those in need of ample storage or data rooms and the convenient alley access parking allows for 4 cars or room for additional upside down the road. Adjacent to a swathe of luxury residential homes and immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this property has provided consistent short-term rental income from a variety of clientele seeking inspiration from the buzzing cultural mecca that is Venice. And with 60 feet of prominent street fr ontage on Windward and accessibility to numerous amenities and restaurants provides for excellent visibility and lucrative signage opportunities for additional income potential. Presently permitted as a residential home, residential or SBA commercial financing may be available depending on intended use, presenting a unique opportunity to add a trophy location for creative business owners, investors and homeowners alike. Less than a mile from Marina del Rey, two miles from Santa Monica, easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways and access the rest of the world via nearby LAX Airport, all roads lead to Venice.
Presented by Vivian Chaing at
Property Concierge.
Property MLS #24-378011 from TheMLSCLAW
Full Bathrooms: 2
Range Hood
Heating Features: Central
Lot Size Acres: 0.0759642
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 3309
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 10000, 2 SquareFeet: 10000
County: Los Angeles
Directions: Northern tip of Windward Circle, to the right of Hama Sushi. Southern end of Main St, two blocks west of Abbott Kinney, two blocks east of Pacific Ave.
Source Property Type: Residential Income
Area: Venice
Source Neighborhood: Venice
Parcel Number: 4238-013-006
Postal Code Plus 4: 3764
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $449,820 + $2,754,000 $3,203,820 | $40,696 |
| 2021 | $441,000 + $2,700,000 $3,141,000 | $40,253 |
| 2020 | $12,489 + $1,855,606 $1,868,095 | $25,756 |
| 2019 | $12,245 + $1,819,222 $1,831,467 | $24,844 |
| 2018 | $12,005 + $1,783,551 $1,795,556 | $24,600 |
| 2017 | $11,770 + $1,748,580 $1,760,350 | $24,024 |
| 2016 | $11,540 + $1,714,295 $1,725,835 | $20,840 |
| 2015 | $11,367 + $1,688,545 $1,699,912 | $20,533 |
| 2014 | $11,145 + $1,655,469 $1,666,614 | $20,597 |
| 2013 | $11,095 + $1,647,988 $1,659,083 | $20,592 |
| 2012 | $10,878 + $1,615,675 $1,626,553 | $20,868 |
| 2010 | $10,665 + $1,583,996 $1,594,661 | $20,397 |
| 2009 | $10,612 + $1,575,893 $1,586,505 | $19,650 |
| 2009 | $10,586 + $1,572,158 $1,582,744 | $19,650 |
| 2008 | $10,404 + $1,544,994 $1,555,398 | $18,793 |
| 2007 | $10,200 + $1,514,700 $1,524,900 | $18,190 |
$2,700,000
TheMLSCLAW
Price Changed 2024-05-29
$2,700,000
TheMLSCLAW
Listed 2024-04-09
$3,350,000
TheMLSCLAW
Listed 2024-04-09
$3,350,000
TheMLSCLAW
Sold 2020-12-18
$3,141,000
Public Record
Sold 2005-10-27
$1,495,000
ITECH
Listed 2005-08-23
$1,495,000
ITECH
Sold 2003-05-28
$784,000
ITECH
Listed 2003-01-15
$795,000
ITECH
Sold 1987-05-01
$337,500
Public Record
Year Built: 1905
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 119
Roof: Flat
House Style: Contemporary
Year Built Source: Vendor Enhanced
Architectural Style: Contemporary
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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.