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11543 Venice Blvd, Los Angeles, CA 90066
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11543 Venice Blvd Los Angeles, CA 90066

$2,520,000 Sold Price as of 02/12/2021
  • 11 Beds
  • 6 Baths
  • 5,430 Sq.Ft.
Sold
$2,520,000 Sold Price as of 02/12/2021 Refinance Your Mortgage
Map preview of 11543 Venice Blvd, Los Angeles, CA 90066

Property Overview: 11543 Venice Blvd Los Angeles, CA has 11 bedrooms, 6 bathrooms, 5,430 living square feet and 5,816 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Six units in the residential area of Mar Vista. 11543 Venice boasts an excellent unit mix of 1 (1+1) & 5 (2+1) units with a high in place CAP Rate of 4.6% and the potential to add a 7th unit by right with already completed plans. Units have Granite Counters, Hardwood Floors and Newer Bathrooms. All of the advantages of beach living (minutes from Venice Beach & Marina Del Rey) and located in close proximity to the burgeoning Los Angeles tech hubs of Silicon Beach & Downtown Culver City. Property has a 80 Walk Score (Very Walkable), Excellent Transit and a 78 Bike Score. Walking Distance To The Newly Announced Amazon Office Complex & Delivery Hub At 5000 Mesmer Ave. Close to the Expo Line running through Mar Vista which connects Santa Monica to Downtown LA running right through Mar Vista.Please scroll through the potential upgrade photos & the plans to build a 7th unit displayed in the listing. Contact us for a Marketing Package. Buyer to conduct their own due diligence. One Vacant Unit.

Listed by Kelly Morgan | BRE #01898026 | Keller Williams-Santa Monica
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
5,816
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20667328
City
Los Angeles
County
Los Angeles
Time on Site
1215 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,149
  • Total Rent: $2,149
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,107
  • Total Rent: $2,107
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.95
  • Gross Scheduled Income: --
  • Net Operating Income: $115,824
  • Gross Operating Income: $164,174
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 11543 Venice Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 4234009019
Location / Neighborhood
Location Information
  • Directions: On Venice Blvd, West of the 405 FWY and West of Sawtelle Blvd, just East of Mclaughlin Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 11543 Venice Blvd

Last sold for $2,520,000 on February 12th, 2021

  • February, 2021

  • Feb 13, 2021

    Date

    Sold

    CRMLS: 20667328

    $2,520,000

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: 20667328

    $2,530,000

    Price

  • February, 2021

  • Feb 12, 2021

    Date

    Sold (Public Records)

    Public Records

    $2,520,000

    Price

  • February, 2021

  • Feb 11, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 11543 Venice Blvd

Assessed Value (2020): $1,116,034
Year Land Value Improved Value Assessed Value
2020 $633,612 $482,422 $1,116,034

Home Value Compared to the Market

This property vs the competition

11543 Venice Blvd sold on February 12, 2021 for 112.61% 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 $465.93 per/sqft which puts the price per square foot 38.29% lower than the current median sale per square foot for the city of Los Angeles.

About 11543 Venice Blvd

Detailed summary of property

11543 Venice Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 11 bedrooms, 6 bathrooms, roughly 5,430 living square feet, and sits on an approximately 5,816 square foot lot. 11543 Venice Blvd was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,520,000. 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 112.61% higher than the current median priced home. Local homes that are currently for sale include 2620 S Barrington Ave, 3125 S Durango Ave and 9117 National Blvd. While the average home in Los Angeles, CA is selling in 92 days, 11543 Venice Blvd has a days on market of 69 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 11543 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 11543 Venice Blvd

Public county record property details
Beds
11
Baths
6
Year built
1956
Sq. Ft.
5,430
Lot Size
5,816
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
29,30
APN
4234-009-019

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.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
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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(714) 706-1823

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11504 Venice Blvd, Los Angeles, CA 90066
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-- Baths
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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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