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11457 Venice Blvd, Los Angeles, CA 90066
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11457 Venice Blvd Los Angeles, CA 90066

$1,500,000 Sold Price as of 03/22/2024
  • 12 Beds
  • 7 Baths
  • 6,083 Sq.Ft.
Sold
$1,500,000 Sold Price as of 03/22/2024 Refinance Your Mortgage
Map preview of 11457 Venice Blvd, Los Angeles, CA 90066

Property Overview: 11457 Venice Blvd Los Angeles, CA has 12 bedrooms, 7 bathrooms, 6,083 living square feet and 5,998 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 7 - units in Mar Vista. The property consists of 2 - 1 bedroom + 1 bath and 5- 2 bedroom + 1 bath. The building is 6,083square feet and sits on a 5,998 square foot lot. It was built in 1956. It is individually metered for gas and electricity. The rents are below market and there is over 50% upside in the rents. There is on site laundry. It is located in the high demand area of Mar Vista 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 entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the 405 and 10 freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $626,000, 4.68% fixed until 8/18/25, due in 2045. PLEASE DO NOT DISTURB THE TENANTS.

Listed by Michael A Salerno | BRE #01212427 | Michael Anthony Salerno
Last checked: 8 minutes ago | Last updated: March 24th, 2024 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
5,998
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23331809
City
Los Angeles
County
Los Angeles
Time on Site
163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,202
  • Total Rent: $1,202
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,216
  • Total Rent: $1,216
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,239
  • Total Rent: $1,239
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,287
  • Total Rent: $1,287
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,082
  • Total Rent: $1,082
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.39
  • Gross Scheduled Income: --
  • Net Operating Income: $53,580
  • Gross Operating Income: $97,620
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11457 Venice Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 7
  • Parcel Number: 4234009011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1 block west of Sawtelle
View more facts & features

Local Los Angeles Agent

Sale History for 11457 Venice Blvd

Last sold for $1,500,000 on March 22nd, 2024

  • March, 2024

  • Mar 22, 2024

    Date

    Sold

    CRMLS: 23331809

    $1,500,000

    Price

  • Nov 27, 2023

    Date

    Active

    CRMLS: 23331809

    $1,795,000

    Price

  • July, 2019

  • Jul 16, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2013

  • Dec 19, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11457 Venice Blvd

Assessed Value (2020): $234,827
Year Land Value Improved Value Assessed Value
2020 $74,315 $160,512 $234,827

Home Value Compared to the Market

This property vs the competition

11457 Venice Blvd sold on March 22, 2024 for 50.84% 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 $295.08 per/sqft which puts the price per square foot 60.92% lower than the current median sale per square foot for the city of Los Angeles.

About 11457 Venice Blvd

Detailed summary of property

11457 Venice Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 6,083 living square feet, and sits on an approximately 5,998 square foot lot. 11457 Venice Blvd was first listed on ArdentRealEstateGroup.com on November 27, 2023. The homeowner sold the property for $1,500,000. 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 50.84% higher than the current median priced home. Local homes that are currently for sale include 8664 Cadillac Ave, 1952 S Corning St and 5869 Dauphin Ave. While the average home in Los Angeles, CA is selling in 94 days, 11457 Venice Blvd has a days on market of 33 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 11457 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 11457 Venice Blvd

Public county record property details
Beds
12
Baths
7
Year built
1956
Sq. Ft.
6,083
Lot Size
5,997
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
4234-009-011

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?
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(714) 706-1823

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Recently Sold Homes Near 11457 Venice Blvd

11504 Venice Blvd, Los Angeles, CA 90066
$1,200,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
11504 Venice Blvd
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11425 Venice Blvd, Los Angeles, CA 90066
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11420 Venice, 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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