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3617 W Venice Blvd, Los Angeles, CA 90019
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3617 W Venice Blvd Los Angeles, CA 90019

$15,950,000
  • 56 Beds
  • 57 Baths
  • 27,448 Sq.Ft.
For Sale
$15,950,000 Get Pre-Qualified
Map preview of 3617 W Venice Blvd, Los Angeles, CA 90019

Property Overview: 3617 W Venice Blvd Los Angeles, CA has 56 bedrooms, 57 bathrooms, 27,448 living square feet and 15,952 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: ST Realty Inc is pleased to present the opportunity to acquire a brand new, 29-unit apartment building in Mid City Built-in 2023, The Property, is located at 3617 Venice Blvd. The property offers large, spacious 2 bed 2 bath units with an average square footage of 870 SF. It also includes in unit washer & dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat, reserved parking and incredible views! The Property is centrally located and a short distance from Culver City, West Adams, Koreatown, Larchmont, Downtown, and Hollywood.

Listed by Paul Schon | BRE #01847860 | ST Realty, Inc
Last checked: 15 minutes ago | Last updated: February 5th, 2024 | Source CRMLS | DOM: 551
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Home details

Lot Sq. Ft
15,952
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
22208167
City
Los Angeles
County
Los Angeles
Time on Site
569 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 29
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 25
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $960,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $0
  • Pro Forma/Market Rent: $28,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $24,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.61
  • Gross Scheduled Income: --
  • Net Operating Income: $683,117
  • Gross Operating Income: $1,011,396
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3617 W Venice Blvd

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 32
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Builder
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 29
  • Parcel Number: 5072017016
  • 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: google
View more facts & features

Local Los Angeles Agent

Sale History for 3617 W Venice Blvd

View property's historical transactions

  • October, 2022

  • Oct 12, 2022

    Date

    Active

    CRMLS: 22208167

    $16,800,000

    Price

Tax History for 3617 W Venice 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

3617 W Venice Blvd is listed 1177.02% 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 $774 and this home is listed at $581.1 per/sqft which puts the price per square foot 24.92% lower than the median price per square foot for the city of Los Angeles.

About 3617 W Venice Blvd

Detailed summary of property

3617 W Venice Blvd is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 56 bedrooms, 57 bathrooms, roughly 27,448 living square feet, and sits on an approximately 15,952 square foot lot. 3617 W Venice Blvd was first listed on ArdentRealEstateGroup.com on October 18, 2022. The homeowner is currently asking $15,950,000 and was originally asking $16,800,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1177.02% higher than the median priced home. While the average home in Los Angeles, CA is selling in 93 days, 3617 W Venice Blvd has a days on market of 551 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3617 W Venice Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3617 W Venice 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.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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