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11425 Venice Blvd, Los Angeles, CA 90066
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11425 Venice Blvd Los Angeles, CA 90066

$1,250,000 Sold Price as of 05/09/2022
  • 3 Beds
  • 2 Baths
  • 1,666 Sq.Ft.
Sold
$1,250,000 Sold Price as of 05/09/2022 Refinance Your Mortgage
Map preview of 11425 Venice Blvd, Los Angeles, CA 90066

Property Overview: 11425 Venice Blvd Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,666 living square feet and 5,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON THE MARKET - Single Family Alternative or Investment Opportunity YOU CHOOSE ! - Move in with solid income from existing tenant OR build 7 units by right with the potential of a maximum of 11 units by taking advantage of local ordinances and guidelines for including affordable housing units. This LAR3 lot comes with one unit vacant. The property is midpoint between Silicon Beach, Culver City and Santa Monica Beach. With employers like HBO/Warner, Amazon, Google, and TikTok all within a short car or bike ride the neighborhood is set to explode with thousands of high paying tech and entertainment jobs which will correlate to future rent growth. With its close proximity to Venice Beach and in the heart of Mar Vista the property is surrounded by multiple destination restaurants, cafes and bars. Whether you're looking for a return on investment now or in the future this property can make it happen. Seller/Broker/agent do not guarantee the accuracy of square footage, lot size, zoning, rent control, permits, use code, schools, and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information to their satisfaction through personal inspection and with appropriate professionals.

Listed by Timothy Meinelschmidt | BRE #01893861 | Keller Williams Larchmont
Last checked: 12 minutes ago | Last updated: May 9th, 2022 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
5,754
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21100611
City
Los Angeles
County
Los Angeles
Time on Site
917 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,377
  • Total Rent: $1,377
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 21.6
  • Gross Scheduled Income: --
  • Net Operating Income: $11,524
  • Gross Operating Income: $16,524
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 11425 Venice Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Carpet
Kitchen Information
  • No Appliances
  • Disposal, None
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • No
  • Parking Features: Driveway, None, Private
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 4234008026
Location / Neighborhood
Location Information
  • Directions: West of the 405 on Venice Blvd., North side
View more facts & features

Local Los Angeles Agent

Sale History for 11425 Venice Blvd

Last sold for $1,250,000 on May 9th, 2022

  • May, 2022

  • May 9, 2022

    Date

    Sold

    CRMLS: 21100611

    $1,250,000

    Price

  • Nov 3, 2021

    Date

    Active

    CRMLS: 21100611

    $1,350,000

    Price

Tax History for 11425 Venice Blvd

Assessed Value (2020): $82,891
Year Land Value Improved Value Assessed Value
2020 $50,638 $32,253 $82,891

Home Value Compared to the Market

This property vs the competition

11425 Venice Blvd sold on May 9, 2022 for 13.45% 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 $810.32 per/sqft which puts the price per square foot 7.33% higher than the current median sale per square foot for the city of Los Angeles.

About 11425 Venice Blvd

Detailed summary of property

11425 Venice Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,666 living square feet, and sits on an approximately 5,754 square foot lot. 11425 Venice Blvd was first listed on ArdentRealEstateGroup.com on November 3, 2021. The homeowner sold the property for $1,250,000. 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 13.45% higher than the current median priced home. Local homes that are currently for sale include 5426 Smiley Dr, 5435 Smiley Dr and 5346 Smiley Dr. While the average home in Los Angeles, CA is selling in 94 days, 11425 Venice Blvd has a days on market of 114 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 11425 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 11425 Venice Blvd

Public county record property details
Beds
3
Baths
2
Year built
1953
Sq. Ft.
1,666
Lot Size
5,753
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4234-008-026

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
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-- 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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