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653 Flower Ave, Venice, CA 90291
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653 Flower Ave Venice, CA 90291

$1,500,000 Sold Price as of 07/08/2020
  • 2 Beds
  • 21 Baths
  • -- Sq.Ft.
Sold
$1,500,000 Sold Price as of 07/08/2020 Refinance Your Mortgage
Map preview of 653 Flower Ave, Venice, CA 90291

Property Overview: 653 Flower Ave Venice, CA has 2 bedrooms, 21 bathrooms, -- living square feet and 5,800 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming 6-unit income property, 50% vacant. First time on the market, this special property has been in the same family since 1924. Consists of an adorable front 2 bed 1 bath stand-alone house with all original hardwood floors and charm. Behind the house sit 4 studio apartments, behind the 4 identical studios- sits a 5th slightly smaller studio apartment. Quiet street, location and large lot with alley access all make this property very desirable. Prime location, less than a mile to the beach, nearby Abbot Kinney, Rose, and all that Venice has to offer. Please do not disturb tenants- Drive by OK. Fireplaces are considered decorative; therefore, seller will not provide any repairs or credits. Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public.

Listed by Jillian Allen | BRE #01976866 | PLG Estates
Co-listed by Jessica Allen-Koontz | BRE #02001555 | Real Estate eBroker Inc.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
5,800
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20564714
City
Venice
County
Los Angeles
Time on Site
1385 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,266
  • Total Rent: $2,266
  • Pro Forma/Market Rent: $2,266
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.49
  • Gross Scheduled Income: --
  • Net Operating Income: $93,612
  • Gross Operating Income: $102,725
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 653 Flower Ave

Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway - Brick
Property Information
  • Total # of Units: 6
  • Parcel Number: 4240011031
Location / Neighborhood
Location Information
  • Directions: On Flower Ave, West of 7th
View more facts & features

Local Venice Agent

Sale History for 653 Flower Ave

Last sold for $1,500,000 on July 8th, 2020

  • July, 2020

  • Jul 8, 2020

    Date

    Sold

    CRMLS: 20564714

    $1,500,000

    Price

  • Jun 16, 2020

    Date

    Pending

    CRMLS: 20564714

    $1,800,000

    Price

  • Apr 17, 2020

    Date

    Price Change

    CRMLS: 20564714

    $1,800,000

    Price

  • Mar 19, 2020

    Date

    Active

    CRMLS: 20564714

    $1,900,000

    Price

  • July, 2020

  • Jul 8, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,500,000

    Price

  • August, 2018

  • Aug 24, 2018

    Date

    Leased

    CRMLS: 18367758

    $1,700

    Price

  • Aug 2, 2018

    Date

    Price Change

    CRMLS: 18367758

    $1,700

    Price

  • Jul 22, 2018

    Date

    Active

    CRMLS: 18367758

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    Venice Studio for Lease- Bike, walk or ride to any of Venice's delicious restaurants or fun bars, as well as the beach and the famous Venice boardwalk. Conveniently located just south of Rose ave and a few blocks from Abbot Kinney blvd, Main st, Lincoln & Rose, Google campus, Golds gym, Wholefoods and MUCH more. This unit is quiet and off the street, has original wood floors & new paint, with a full kitchen + bathroom w/ stand-up shower. Property very secure with Ring flood light cameras installed for extra measure, and with a walk & bike score of 87! CALL FOR SHOWING APPOINTMENT, PLEASE DO NOT GO ON PROPERTY WITHOUT LISTING AGENTS, PLEASE DO NOT KNOCK ON ANYONE'S DOOR.

  • August, 2018

  • Aug 8, 2018

    Date

    Leased

    CRMLS: 18351240

    $1,700

    Price

  • Aug 2, 2018

    Date

    Price Change

    CRMLS: 18351240

    $1,700

    Price

  • Jul 11, 2018

    Date

    Price Change

    CRMLS: 18351240

    $1,800

    Price

  • Jun 5, 2018

    Date

    Active

    CRMLS: 18351240

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Venice Studio for Lease- Bike, walk or ride to any of Venice's delicious restaurants or fun bars, as well as the beach and the famous Venice boardwalk. Conveniently located just south of Rose ave and a few blocks from Abbot Kinney blvd, Main st, Lincoln & Rose, Google campus, Golds gym, Wholefoods and MUCH more. This unit is quiet and off the street, has new laminate flooring & paint, with a full kitchen and bathroom w/ stand-up shower. Property very secure with Ring flood light cameras installed for extra measure, and with a walk & bike score of 87! CALL FOR SHOWING APPOINTMENT, PLEASE DO NOT GO ON PROPERTY WITHOUT LISTING AGENTS, PLEASE DO NOT KNOCK ON ANYONE'S DOOR.

  • November, 2017

  • Nov 27, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2017

  • Oct 27, 2017

    Date

    Leased

    CRMLS: 17275360

    $1,495

    Price

  • Oct 6, 2017

    Date

    Active

    CRMLS: 17275360

    $1,495

    Price

  • Listing provided courtesy of CRMLS

    Cozy Studio, in Prime Venice Beach/Silicon Beach. Available unit (E) is situated at the rear of the property, keeping it more private than the other 5 units on the property. APPROX 200 Sq Ft of simple beach living, bike/walk to most things, easy access to unit through front or back & plenty of bike parking! New Floors just installed. Showing on Saturday Mornings 10am-11am. Call listing agent 1 or 2 to register for showings or make alternate appointment.

  • August, 2017

  • Aug 1, 2017

    Date

    Leased

    CRMLS: 17254594

    $1,850

    Price

  • Jul 24, 2017

    Date

    Active

    CRMLS: 17254594

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Looking for the perfect Venice studio? Look no further....This unit is one of 6 on the property. Centrally located near Abbot Kinney, Rose, Lincoln, Whole Foods, Google/Snap Chat/Buzzfeed and of course the famous Venice Beach and boardwalk. Available August 1. Most affordable studio in Venice, DO NOT MISS!! NOTE: This listing is for a studio apartment, which is approx 350 sq ft.

  • May, 2017

  • May 31, 2017

    Date

    Leased

    CRMLS: 17228404

    $1,750

    Price

  • May 17, 2017

    Date

    Active Under Contract

    CRMLS: 17228404

    $1,750

    Price

  • May 5, 2017

    Date

    Active

    CRMLS: 17228404

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Looking for the perfect Venice Studio? Look no further... This unit is one of 6. Centrally located- near Abbot Kinney, Rose, Lincoln, Whole foods, Google/Snap Chat/BuzzFeed and of course the famous Venice beach and boardwalk. Available June 5. Most affordable studio in Venice, do not miss! NOTE: This listing is for a studio apartment, which is approx 350 sq ft.

Show More

Tax History for 653 Flower Ave

Assessed Value (2020): $2,434,536
Year Land Value Improved Value Assessed Value
2020 $1,914,336 $520,200 $2,434,536

Home Value Compared to the Market

This property vs the competition

653 Flower Ave sold on July 8, 2020 for 21.81% lower than the current median sold price for the city of Venice which is $2,302,000.

About 653 Flower Ave

Detailed summary of property

653 Flower Ave is a multi family that recently sold in Venice, CA 90291. This multi family property offered 2 bedrooms, 21 bathrooms, roughly -- living square feet, and sits on an approximately 5,800 square foot lot. 653 Flower Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,500,000. Home in Venice are selling for a median price of $2,302,000 and a median price per square foot of $1,155. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 21.81% lower than the current median priced home. Local homes that are currently for sale include 8607 Airdrome St, 1451 S Holt Ave and 1724 S Crescent Heights Blvd. While the average home in Venice, CA is selling in 97 days, 653 Flower Ave has a days on market of 88 days. There are currently 154 homes for sale in the Venice real estate market and 139 of them are single family homes while 11 of them are condos and 4 are townhomes. For more information on this home for sale at 653 Flower Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 653 Flower Ave

Public county record property details
Beds
9
Baths
5
Year built
1924
Sq. Ft.
2,465
Lot Size
5,799
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
4240-011-031

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,599,000
Median List Price/Sq.Ft.
$1,308
Median Sold Price
$2,302,000
Median Sold Price/Sq.Ft.
$1,423
Total Inventory
139
Median Sale to List Price %
92.26%
Avg Days on Market
77
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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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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