116 Washington Blvd, Venice, CA 90292
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116 Washington Blvd Venice, CA 90292

$2,195,000
  • 0 Beds
  • 1 Baths
  • -- Sq.Ft.
For Sale
$2,195,000 Get Pre-Qualified

Map preview of 116 Washington Blvd, Venice, CA 90292

Property Overview: 116 Washington Blvd Venice, CA has -- bedrooms, 1 bathrooms, -- living square feet and 1,890 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: With some of the highest drive by counts & pedestrian foot traffic in So Cal, this trophy commercial development opportunity is located next to the iconic Venice Pier and Boardwalk. Surrounded by the ultra-hip influencers & uber-luxury lifestyle, with the trendiest shopping, restaurants & night life, this C4-zoned property allows a qualified investor-developer with an unprecedented opportunity to design-build their dream project, in the heart of Silicon Beach. Be surrounded among Google, YouTube, SnapChat, Electronic Arts & many advertising, high-tech, digital media, marketing companies minutes away, the ability to build multiple levels for various tenants offering stunning ocean views, with the convenience of existing public parking, gives an investor-developer even more flexibility with design concept, development & long-term investment potential of a modern, state-of-the-art multi-tenant commercial project steps from LAX, Loyola Marymount, SoFi Stadium, downtown LA and Santa Monica

Listed by Mark Gallandt | BRE #01913813 | Keller Williams Hollywood Hills
Co-listed by Baron Bruno | BRE #01892172 | Keller Williams Silicon Beach
Last checked: 55 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 1174
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Home details

Lot Sq. Ft
1,890
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
20585882
City
Venice
County
Los Angeles
Time on Site
1356 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $60,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 116 Washington Blvd

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Property Details for 116 Washington Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Bonus Room, Art Studio, Workshop
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Storage
  • Window Features: Bay Window(s)
  • Security Features: 24 Hour Security
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway, Guest, Parking Space, Street, Side by Side, Tandem Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 1
  • Parcel Number: 4225002015
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: South side on Washington Blvd, east of Pacific Avenue
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Sale History for 116 Washington Blvd

Last sold for $1,350,000 on September 16th, 2020
  • September, 2020

  • Sep 16, 2020

    Date

    Sold

    CRMLS: 20588634

    $1,350,000

    Price

  • Jun 9, 2020

    Date

    Active

    CRMLS: 20588634

    $2,195,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2020

  • Jun 8, 2020

    Date

    Active

    CRMLS: 20585882

    $2,195,000

    Price

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Tax History for 116 Washington Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

116 Washington Blvd is listed 21.55% lower than the median list price for the city of Venice which has a median list price of $2,798,000.

About 116 Washington Blvd

Detailed summary of property

116 Washington Blvd is a multi family located in Venice, CA 90292 and is currently for sale. This multi family property offers -- bedrooms, 1 bathrooms, roughly -- living square feet, and sits on an approximately 1,890 square foot lot. 116 Washington Blvd was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner is currently asking $2,195,000. The median priced home in Venice is $2,798,000 with a median price per square foot of $1,235. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 21.55% lower than the median priced home. Local competing homes currently for sale include 2300 S Bentley Ave, 10772 Woodbine St and 3640 Jasmine Ave. While the average home in Venice, CA is selling in 106 days, 116 Washington Blvd has a days on market of 1174 days. There are currently 143 homes for sale in the Venice real estate market and 129 of them are single family homes while 9 of them are condos and 5 are townhomes. For more information on this home for sale at 116 Washington Blvd Venice, CA 90292 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 116 Washington Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90292 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,400,000
Median List Price/Sq.Ft.
$966
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$874
Total Inventory
7
Median Sale to List Price %
90.91%
Avg Days on Market
53
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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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.