$3,100,000 Price Analysis   ♡   Venice, CA 90291 8 bed 8 bath 4,904 SqFt ($632/SqFt) 5,344SqFt lot. Built 1953 Listed 2024-07-02, Taxes $10,710 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
2220 Brenta Place in Venice
CA, is a charming 1950s apartment complex situated on a quiet side street off Venice Boulevard . The property features eight units, all of which are 1-bedroom/1-bath. Four of the units are rented close to market rates, while the other four offer significant upside potential.
Tenants are responsible for their own gas and electric utilities. Additionally, the property is adjacent to a 15-unit building also for sale by the same owner, located at 923-933 Venice Blvd. The zoning is R3 TOC Tier 3, llowing for a maximum of up to 12 units.
Presented by Stephen Lampe at
RE MAX Commercial & Investment Realty.
Property MLS #SB24135676 from CRMLS
Lot Size Acres: 0.1226814
Lot Size Source: Assessor
Lot Size Square Feet: 5344
Road Surface Type: Paved
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Maintenance Expense: 5674.00
Tenant Pays: Cable TV, Electricity, Gas
Vacancy Allowance: 3456
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.11
Other Expense: 853.00
Source Property Type: Residential Income
Insurance Expense: 6375.00
Area: C11 - Venice
Source Neighborhood: C11 - Venice
New Taxes Expense: 37169.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 4241035009
Postal Code Plus 4: 3966
Professional Management Expense: 8451.00
Trash Expense: 1724.00
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $341,055 + $487,226 $828,281 | $10,710 |
| 2021 | $334,368 + $477,673 $812,041 | $10,560 |
| 2020 | $330,940 + $472,776 $803,716 | $10,658 |
| 2019 | $324,451 + $463,506 $787,957 | $10,265 |
| 2018 | $318,090 + $454,418 $772,508 | $10,168 |
| 2017 | $311,853 + $445,508 $757,361 | $9,919 |
| 2016 | $305,739 + $436,773 $742,512 | $9,659 |
| 2015 | $301,147 + $430,213 $731,360 | $9,527 |
| 2014 | $295,248 + $421,786 $717,034 | $9,608 |
| 2013 | $293,914 + $419,880 $713,794 | $9,593 |
| 2012 | $288,151 + $411,648 $699,799 | $9,718 |
| 2010 | $282,501 + $403,577 $686,078 | $9,445 |
| 2009 | $281,057 + $401,513 $682,570 | $9,108 |
| 2009 | $280,390 + $400,561 $680,951 | $9,108 |
| 2008 | $275,547 + $393,641 $669,188 | $8,739 |
| 2007 | $270,145 + $385,923 $656,068 | $8,451 |
$3,100,000
CRMLS
Listing removed 2014-02-19
$1,375
WestsideRentals
Listed for rent 2014-02-07
$1,375
WestsideRentals
Sold 2002-01-10
$595,000
ITECH
Listed 2000-10-22
$625,000
ITECH
Sold 1998-07-16
$339,974
Public Record
Sold 1997-05-30
$308,000
Public Record
Sold 1979-11-06
$225,000
Public Record
Year Built: 1953
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Ground and Stairs
Property Age: 71
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4095.00
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Connected
Sewer Connected
Water Connected
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
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.