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10875 Venice Blvd, Los Angeles, CA 90034
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10875 Venice Blvd Los Angeles, CA 90034

$2,700,000 Sold Price as of 03/09/2023
  • -- Beds
  • -- Baths
  • 6,834 Sq.Ft.
Sold
$2,700,000 Sold Price as of 03/09/2023 Refinance Your Mortgage
Map preview of 10875 Venice Blvd, Los Angeles, CA 90034

Property Overview: 10875 Venice Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 6,834 living square feet and 4,964 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for the apartments is projected at $6,590, the single family home monthly rent is $2,545 and the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.

Listed by Gary Fox | BRE #00847295 | Miller & Desatnik Realty Co.
Co-listed by Michael Wozniak | BRE #01856514 | Miller & Desatnik Realty Co.
Last checked: 18 seconds ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
4,964
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
23229163
City
Los Angeles
County
Los Angeles
Time on Site
428 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $131,102
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 10875 Venice Blvd

Interior Features
Laundry Information
  • Upper Level
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Property Information
  • Total # of Units: 4
  • Parcel Number: 4252025003
Location / Neighborhood
Location Information
  • Directions: Intersection of Venice Blvd. & Midvale Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 10875 Venice Blvd

Last sold for $2,700,000 on March 9th, 2023

  • March, 2023

  • Mar 9, 2023

    Date

    Sold

    CRMLS: 23229163

    $2,700,000

    Price

  • Jan 4, 2023

    Date

    Active

    CRMLS: 23229163

    $2,975,000

    Price

  • March, 2023

  • Mar 9, 2023

    Date

    Sold

    CRMLS: 23229279

    $2,700,000

    Price

  • Jan 4, 2023

    Date

    Active

    CRMLS: 23229279

    $2,975,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2022

  • Dec 29, 2022

    Date

    Canceled

    CRMLS: 22182995

    $3,250,000

    Price

  • Jul 26, 2022

    Date

    Active

    CRMLS: 22182995

    $3,475,000

    Price

  • Listing provided courtesy of CRMLS

    MAJOR PRICE REDUCTION!!! Price reduced $225,000. This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $3,250,000. One of the commercial spaces are occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The single family home monthly rent is $2,545 and the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.

  • July, 2022

  • Jul 26, 2022

    Date

    Active

    CRMLS: 22183063

    $3,475,000

    Price

  • Listing provided courtesy of CRMLS

    MAJOR PRICE REDUCTION!!! Price reduced $225,000. This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $3,250,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for the apartments is projected at $6,590, the single family home monthly rent is $2,545 and the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.

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Tax History for 10875 Venice Blvd

Assessed Value (2020): $123,024
Year Land Value Improved Value Assessed Value
2020 $67,667 $55,357 $123,024

Home Value Compared to the Market

This property vs the competition

10875 Venice Blvd sold on March 9, 2023 for 150% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $435.32 per/sqft which puts the price per square foot 42.34% lower than the current median sale per square foot for the city of Los Angeles.

About 10875 Venice Blvd

Detailed summary of property

10875 Venice Blvd is a mixed use that recently sold in Los Angeles, CA 90034. This mixed use property offered -- bedrooms, -- bathrooms, roughly 6,834 living square feet, and sits on an approximately 4,964 square foot lot. 10875 Venice Blvd was first listed on ArdentRealEstateGroup.com on March 15, 2023. The homeowner sold the property for $2,700,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 150% higher than the current median priced home. Local homes that are currently for sale include 5531 Santa Monica Blvd, 1036 W 95th St and 5975 S Broadway. While the average home in Los Angeles, CA is selling in 94 days, 10875 Venice Blvd has a days on market of 63 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 10875 Venice Blvd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10875 Venice Blvd

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
6,834
Lot Size
4,963
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
4252-025-003

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,895,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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