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11473 Venice Blvd, Los Angeles, CA 90066
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11473 Venice Blvd Los Angeles, CA 90066

$4,100,000
  • 24 Beds
  • 14 Baths
  • 12,090 Sq.Ft.
For Sale
$4,100,000 Get Pre-Qualified
Map preview of 11473 Venice Blvd, Los Angeles, CA 90066

Property Overview: 11473 Venice Blvd Los Angeles, CA has 24 bedrooms, 14 bathrooms, 12,090 living square feet and 11,998 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market Rate

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 1 minute ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 73
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Home details

Lot Sq. Ft
11,998
HOA Dues
$0/mo
Year built
1956
Garage
9 Car
Property Type:
Apartment
Status
Active
MLS#
SB24027071
City
Los Angeles
County
Los Angeles
Time on Site
79 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,398
  • Total Rent: $5,592
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,104
  • Total Rent: $21,048
  • Pro Forma/Market Rent: $3,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.89%
  • Gross Rent Multiplier: 12.71
  • Gross Scheduled Income: $328,635
  • Net Operating Income: $207,443
  • Gross Operating Income: $318,776
Annual Expense Breakdown
  • Total Operating Expense: $111,333
  • Electric: $13,200
  • Gas/Fuel: $0
  • New Taxes: $49,610
  • Trash: $6,360
  • Gardener: $1,440
  • Insurance: $9,068
  • Maintenance: $9,100
  • Professional Management: $13,145
  • Water/Sewer: $10,600

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Property Details for 11473 Venice Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 14
  • Parcel Number: 4234009013
  • Year Built Source: Appraiser
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Venice and McLaughlin
Neighborhood Information
  • Community Features: Biking, Dog Park, Golf, Park, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 11473 Venice Blvd

Last sold on August 23rd, 2017

  • February, 2024

  • Feb 8, 2024

    Date

    Active

    CRMLS: SB24027071

    $4,100,000

    Price

  • August, 2017

  • Aug 23, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11473 Venice Blvd

Assessed Value (2020): $507,742
Year Land Value Improved Value Assessed Value
2020 $297,838 $209,904 $507,742

Home Value Compared to the Market

This property vs the competition

11473 Venice Blvd is listed 228.26% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $339.12 per/sqft which puts the price per square foot 56.07% lower than the median price per square foot for the city of Los Angeles.

About 11473 Venice Blvd

Detailed summary of property

11473 Venice Blvd is a apartment located in Los Angeles, CA 90066 and is currently for sale. This apartment offers 24 bedrooms, 14 bathrooms, roughly 12,090 living square feet, and sits on an approximately 11,998 square foot lot. 11473 Venice Blvd was first listed on ArdentRealEstateGroup.com on February 7, 2024. The homeowner is currently asking $4,100,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 228.26% higher than the median priced home. Local competing homes currently for sale include 9240 W National Blvd, 3101 Bagley Ave and 10786 Missouri Ave. While the average home in Los Angeles, CA is selling in 97 days, 11473 Venice Blvd has a days on market of 73 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 11473 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 11473 Venice Blvd

Public county record property details
Beds
12
Baths
7
Year built
1956
Sq. Ft.
6,045
Lot Size
5,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
4234-009-013

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
$2,100,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,925,000
Median Sold Price/Sq.Ft.
$1,050
Total Inventory
112
Median Sale to List Price %
104.05%
Avg Days on Market
27
Loan Type
Conventional (17.39%), FHA (0%), VA (0%), Cash (0%), Other (13.04%)

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Recently Sold Homes Near 11473 Venice Blvd

11457 Venice Blvd, Los Angeles, CA 90066
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-- Beds
-- Baths
-- Sq.Ft.
11504 Venice Blvd
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$5,845,000 Last Sold Price
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11415 Venice Blvd
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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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