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11111 Venice Blvd, Los Angeles, CA 90034
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11111 Venice Blvd Los Angeles, CA 90034

$1,940,000 Sold Price as of 08/23/2019
  • 4 Beds
  • 8 Baths
  • 3,392 Sq.Ft.
Sold
$1,940,000 Sold Price as of 08/23/2019 Refinance Your Mortgage
Map preview of 11111 Venice Blvd, Los Angeles, CA 90034

Property Overview: 11111 Venice Blvd Los Angeles, CA has 4 bedrooms, 8 bathrooms, 3,392 living square feet and 5,137 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 40 years - this charming 8 unit apartment is situated 1 block east of Sepulveda Boulevard on Venice Boulevard. The building contains four 1 Bedroom + 1 Bath units, and 4 Bachelor + 1 Bath units. The property is located in Palms, adjacent to Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertainment companies such as Amazon, Apple and HBO opening offices nearby. The property is only a short distance from Culver City's popular restaurants, bars, fitness centers, and theaters. Tenants have a variety of transportation options with nearby access to the Expo Line, the Santa Monica and Culver City Bus Lines, as well as close access to the 405 and I-10 freeways.

Listed by Gary Fox | BRE #00847295 | Miller & Desatnik Realty Co.
Co-listed by Michael Wozniak | BRE #01856514 | Miller & Desatnik Realty Co.
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
5,137
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19479400
City
Los Angeles
County
Los Angeles
Time on Site
1210 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $972
  • Total Rent: $972
  • Pro Forma/Market Rent: $1,225
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,643
  • Total Rent: $1,643
  • Pro Forma/Market Rent: $1,643
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,305
  • Total Rent: $1,305
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,145
  • Total Rent: $1,145
  • Pro Forma/Market Rent: $1,145
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,215
  • Total Rent: $1,215
  • Pro Forma/Market Rent: $1,215
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $1,664
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,215
  • Total Rent: $1,215
  • Pro Forma/Market Rent: $1,215
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.34
  • Gross Scheduled Income: --
  • Net Operating Income: $88,300
  • Gross Operating Income: $126,112
  • Improvements Total: $71,801
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $1,928
  • Maintenance: $5,000
  • Other Expenses: $4,984

Property Details for 11111 Venice Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 4252007030
Location / Neighborhood
Location Information
  • Directions: 1 Block East of Sepulveda Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 11111 Venice Blvd

Last sold for $1,940,000 on August 23rd, 2019

  • August, 2019

  • Aug 23, 2019

    Date

    Sold

    CRMLS: 19479400

    $1,940,000

    Price

  • Jul 24, 2019

    Date

    Pending

    CRMLS: 19479400

    $1,995,000

    Price

  • Jun 18, 2019

    Date

    Active

    CRMLS: 19479400

    $1,995,000

    Price

  • August, 2019

  • Aug 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,940,000

    Price

Show More

Tax History for 11111 Venice Blvd

Assessed Value (2020): $1,941,560
Year Land Value Improved Value Assessed Value
2020 $1,460,000 $481,560 $1,941,560

Home Value Compared to the Market

This property vs the competition

11111 Venice Blvd sold on August 23, 2019 for 67.65% 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 $588.15 per/sqft which puts the price per square foot 22.1% lower than the current median sale per square foot for the city of Los Angeles.

About 11111 Venice Blvd

Detailed summary of property

11111 Venice Blvd is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 3,392 living square feet, and sits on an approximately 5,137 square foot lot. 11111 Venice Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,940,000. 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 67.65% higher than the current median priced home. Local homes that are currently for sale include 1647 S Holt Ave, 8430 Fordham Rd and 1263 Devon Ave. While the average home in Los Angeles, CA is selling in 94 days, 11111 Venice Blvd has a days on market of 34 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 11111 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 11111 Venice Blvd

Public county record property details
Beds
4
Baths
8
Year built
1957
Sq. Ft.
3,392
Lot Size
5,136
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
62,64
APN
4252-007-030

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
$1,995,000
Median List Price/Sq.Ft.
$932
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%)

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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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