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11415 Venice Blvd, Los Angeles, CA 90066
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11415 Venice Blvd Los Angeles, CA 90066

$5,845,000 Sold Price as of 07/01/2022
  • 17 Beds
  • 16 Baths
  • 8,864 Sq.Ft.
Sold
$5,845,000 Sold Price as of 07/01/2022 Refinance Your Mortgage
Map preview of 11415 Venice Blvd, Los Angeles, CA 90066

Property Overview: 11415 Venice Blvd Los Angeles, CA has 17 bedrooms, 16 bathrooms, 8,864 living square feet and 11,509 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present The Venice Boulevard Residences. The subject property is located within close proximity to many of Mar Vista's, Venice Beach's, Santa Monica's and Culver City's great shops & restaurants, corporate campuses and public transportation stops, providing residents with easy access to all of Western Los Angeles. The subject property has a unit mix consisting of (2) Three Bedroom, 2 Bathroom units, (1) Studio unit and (11) one bedroom, one bathroom units. Most units have been tastefully renovated, inclusive of hardwood floors and stainless steel appliances. 11415 Venice Blvd is individually metered for gas and electricity and seismic work has been completed. Mar Vista is a great West side of Los Angeles neighborhood adjacent to Venice, Santa Monica, Marina Del Rey, and Culver City. The astute investor will recognize the opportunity to own an asset adjacent to "Silicon Beach", which has experienced a tech and entertainment boom with companies like Amazon, Apple, Google, and HBO leasing nearby office space. This has created a strong demand for housing throughout Silicon Beach and the surrounding areas

Listed by Glenn Brander | BRE #01020228 | Miller & Desatnik Realty Co.
Last checked: 1 minute ago | Last updated: July 1st, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
11,509
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22149271
City
Los Angeles
County
Los Angeles
Time on Site
747 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,227
  • Total Rent: $2,227
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,898
  • Total Rent: $3,898
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.41
  • Gross Scheduled Income: --
  • Net Operating Income: $268,916
  • Gross Operating Income: $403,635
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11415 Venice Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 14
  • Parcel Number: 4234008025
Location / Neighborhood
Location Information
  • Directions: West of Sawtelle Blvd, On North Side of Venice Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 11415 Venice Blvd

Last sold for $5,845,000 on July 1st, 2022

  • July, 2022

  • Jul 1, 2022

    Date

    Sold

    CRMLS: 22149271

    $5,845,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: 22149271

    $5,995,000

    Price

  • February, 2018

  • Feb 9, 2018

    Date

    Sold

    CRMLS: 17289694

    $4,025,000

    Price

  • Dec 14, 2017

    Date

    Pending

    CRMLS: 17289694

    $4,250,000

    Price

  • Nov 15, 2017

    Date

    Active

    CRMLS: 17289694

    $4,250,000

    Price

  • Listing provided courtesy of CRMLS

    A Prime Mar Vista 15 unit building in the Silicon Beach Corridor, near Culver City. Legal 13 with 2 non-conforming bachelor units, 11-1 bed/1 bath units and 2-2 bed/1 bath units. The building is a perfect value-add opportunity with over 35% upside in the rents. The roof was replaced in 2011. The Seller has completed the soft story earthquake retrofitting required by the City of Los Angeles. The units are individually metered. The property has 13 parking spots. There is a laundry room on site generating $150 income per month. The building is on an 11,508 sq. ft. lot, zoned LAR3 and perfect for a potential future development project. Please call listing office for set up document.

  • February, 2018

  • Feb 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $4,025,000

    Price

  • May, 2016

  • May 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,725,000

    Price

Show More

Tax History for 11415 Venice Blvd

Assessed Value (2020): $4,190,490
Year Land Value Improved Value Assessed Value
2020 $2,080,800 $2,109,690 $4,190,490

Home Value Compared to the Market

This property vs the competition

11415 Venice Blvd sold on July 1, 2022 for 403.78% 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 $676.33 per/sqft which puts the price per square foot 10.42% lower than the current median sale per square foot for the city of Los Angeles.

About 11415 Venice Blvd

Detailed summary of property

11415 Venice Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 17 bedrooms, 16 bathrooms, roughly 8,864 living square feet, and sits on an approximately 11,509 square foot lot. 11415 Venice Blvd was first listed on ArdentRealEstateGroup.com on April 22, 2022. The homeowner sold the property for $5,845,000. 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 403.78% higher than the current median priced home. Local homes that are currently for sale include 211 S Poinsettia Pl, 7815 Melrose Ave and 1439 N Curson Ave. While the average home in Los Angeles, CA is selling in 94 days, 11415 Venice Blvd has a days on market of 19 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 11415 Venice Blvd Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11415 Venice Blvd

Public county record property details
Beds
18
Baths
17
Year built
1953
Sq. Ft.
8,864
Lot Size
11,508
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
4234-008-025

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,009
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
111
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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-- Beds
-- Baths
-- Sq.Ft.
11504 Venice Blvd
Los Angeles, CA 90066

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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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