$2,370,000 Price Analysis   ♡   Venice, CA 90291 8 bed 4 bath 3,192 SqFt ($742/SqFt) 5,658SqFt lot. Built 1953 Listed 2024-07-07, Taxes $13,717 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This is a extraordinary opportunity for owner/user
Value add or investor/developer with vision to add ADUs and take advantage of breathtaking tree lined streets. There is also a carport area and a back yard that fits 6 cars tandem or more. Large 5, 658 sft lot zoned LARD1.5, completely fenced and private, with infinite possibilities to keep as-is or develop.
Well-maintained building Some basic Upgrades completed, such As a 6yr old roof, copper plumbing and Electrical panels. This astounding proprty is near popular Venice eateries. The Lots has lots of potential To make owners dream property or to rent out all the units.
Presented by Juan Escobar at
Lyon Stahl Investment Re, Inc.
Property MLS #SB23164954 from CRMLS
Copper Plumbing Partial
Flooring: Laminate, Vinyl
Appliances YN: Yes
Laundry Features: Inside
Heating Features: Central
Heating: Yes
Fencing: Fence YN: Yes, Fencing: Stucco Wall, Wood
Lot Size Acres: 0.1298898
Lot Size Source: Assessor
Lot Size Square Feet: 5658
Parking Total: 8
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Rent Control: Yes
County: Los Angeles
Cap Rate: 4.18
Source Property Type: Residential Income
Area: C11 - Venice
Source Neighborhood: C11 - Venice
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 4239003003
Postal Code Plus 4: 7000
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $343,241 + $793,015 $1,136,256 | $13,717 |
| 2021 | $336,511 + $777,466 $1,113,977 | $13,539 |
| 2020 | $333,061 + $769,495 $1,102,556 | $13,675 |
| 2019 | $326,531 + $754,407 $1,080,938 | $13,137 |
| 2018 | $320,129 + $739,615 $1,059,744 | $13,032 |
| 2017 | $313,852 + $725,113 $1,038,965 | $12,753 |
| 2016 | $307,699 + $710,896 $1,018,595 | $12,450 |
| 2015 | $303,078 + $700,218 $1,003,296 | $12,269 |
| 2014 | $297,142 + $686,502 $983,644 | $12,322 |
| 2013 | $295,800 + $683,400 $979,200 | $12,316 |
| 2012 | $300,900 + $693,600 $994,500 | $12,918 |
| 2010 | $157,673 + $42,794 $200,467 | $2,795 |
| 2009 | $156,867 + $42,576 $199,443 | $2,708 |
| 2009 | $156,495 + $42,475 $198,970 | $2,708 |
| 2008 | $153,792 + $41,742 $195,534 | $2,669 |
| 2007 | $150,777 + $40,924 $191,701 | $2,573 |
$2,370,000
CRMLS
Price Changed 2024-08-05
$2,450,000
CRMLS
Listed 2024-07-07
$2,250,000
CRMLS
Listing removed 2023-01-16
$0
CRMLS
Price Changed 2022-08-12
$2,500,000
CRMLS
Listed 2022-07-16
$3,150,000
CRMLS
Listing removed 2016-05-27
$2,400,000
CRMLS
Listed 2016-04-12
$2,400,000
CRMLS
Year Built: 1953
Building Features: 1
Common Walls: No Common Walls
Construction Materials: Stucco
Direction Faces: West
Entry Level: 1
Entry Location: 1
Foundation Details: Concrete Perimeter, Raised
Property Age: 71
Property Condition: Repairs Cosmetic
Roof: Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex
House Style: Bungalow
Year Built Source: Public Records
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public
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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.