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1601 Venice Blvd, Los Angeles, CA 90006
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1601 Venice Blvd Los Angeles, CA 90006

$895,000
  • 16 Beds
  • 16 Baths
  • 8,431 Sq.Ft.
For Sale
$895,000 Get Pre-Qualified
Map preview of 1601 Venice Blvd, Los Angeles, CA 90006

Property Overview: 1601 Venice Blvd Los Angeles, CA has 16 bedrooms, 16 bathrooms, 8,431 living square feet and 4,070 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: We are pleased to present a remarkable development opportunity at 1601 Venice Blvd, Los Angeles, This ready-to-issue (RTI) project offers an excellent chance to create a transformative, 100% affordable housing community consisting of 9 units plus 820 sqft of Recreation room for ADU potential. The units are broken down into Two 1-bedroom,1 bath units, and six 2 bedroom + 2 bath units, One 3 bed + 2 bath, catering to a diverse range of residents. 4 story on Grade building , Individual electricity and gas meter with additional low cost.Efficient type V construction with no parking requirement, Proposed construction, Great cash on cash, Low Risk, contract lease with government agencies or sell to LAHD. Situated in a prime location in Mid City of Los Angeles, just North of the 10 freeway & Vermont interchange. It is conveniently located close to public transportation.

Listed by Eliza Kerndian | BRE #01398836 | Keller Williams Realty Westside
Last checked: 1 minute ago | Last updated: August 3rd, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
4,070
HOA Dues
$0/mo
Year built
2026
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24419989
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,270
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,270
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $0
  • Pro Forma/Market Rent: $925
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,289
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,289
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $2,544
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,544
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,892
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,892
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $213,098
  • Gross Operating Income: $250,704
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1601 Venice Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 9
  • Parcel Number: 5056003025
  • Year Built Source: Estimated
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Hoover, East of Vermont, North of Fwy 10 on Venice Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1601 Venice Blvd

Last sold for $255,000 on December 1st, 2010

  • July, 2024

  • Jul 26, 2024

    Date

    Active

    CRMLS: 24419989

    $895,000

    Price

  • July, 2024

  • Jul 24, 2024

    Date

    Canceled

    CRMLS: 24415087

    $890,000

    Price

  • Jul 13, 2024

    Date

    Active

    CRMLS: 24415087

    $890,000

    Price

  • Listing provided courtesy of CRMLS

    Hard to come by triple corner lot, Venice Blvd from Westmoreland to Orchard. Almost RTI ready, 30-45 days to go. Included plans are for a 9-unit 4 story building. Two units at 1+1, seven units at 2+2 and one unit at 3+2. The proposed building size is 10, 212 sq ft, 8,681 sq ft rentable and for now, 1,531 sq ft of common area. For sizes, plans and any questions, please contact the listing agent. Property is in heavy traffic and high rental demand. Close proximity to Booming Koreatown, downtown LA and central LA.

  • May, 2018

  • May 2, 2018

    Date

    Expired

    CRMLS: 18306666

    $699,000

    Price

  • Jan 24, 2018

    Date

    Active

    CRMLS: 18306666

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Hard to come by block to block vacant lot on Venice Blvd from Westmoreland to Orchard. Entrance could possibly be from Venice, Westmoreland and/or Orchard. Rectangular lot with opening to 3 sides and LACM zoning allows for multi uses ranging from residential townhome style building, one tenant commercial pad or multi store use. Buyer is encouraged to check with city for various build-outs available for this lot. Property is very close proximity to Booming Koreatown, downtown LA and central LA. Currently property is fenced off with car storage and some weekend or special occasion uses.

  • December, 2010

  • Dec 1, 2010

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

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Tax History for 1601 Venice Blvd

Assessed Value (2020): $298,719
Year Land Value Improved Value Assessed Value
2020 $292,865 $5,854 $298,719

Home Value Compared to the Market

This property vs the competition

1601 Venice Blvd is listed 25.42% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $106.16 per/sqft which puts the price per square foot 86.18% lower than the median price per square foot for the city of Los Angeles.

About 1601 Venice Blvd

Detailed summary of property

1601 Venice Blvd is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers 16 bedrooms, 16 bathrooms, roughly 8,431 living square feet, and sits on an approximately 4,070 square foot lot. 1601 Venice Blvd was first listed on ArdentRealEstateGroup.com on July 30, 2024. The homeowner is currently asking $895,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25.42% lower than the median priced home. Local competing homes currently for sale include 1689 W 24th St, 1583 W 35th Pl and 211 S Burlington Ave. While the average home in Los Angeles, CA is selling in 106 days, 1601 Venice Blvd has a days on market of 49 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1601 Venice Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1601 Venice Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
4,000
Lot Size
4,070
Stories
--
Type
Parking Lot
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5056-003-025

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$608
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$597
Total Inventory
33
Median Sale to List Price %
87.46%
Avg Days on Market
75
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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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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