8642 Venice Blvd, Los Angeles, CA 90034
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8642 Venice Blvd Los Angeles, CA 90034

$1,650,000
  • -- Beds
  • -- Baths
  • 1,914 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified

Map preview of 8642 Venice Blvd, Los Angeles, CA 90034

Property Overview: 8642 Venice Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 1,914 living square feet and 2,730 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: Extremely Versatile Office Building with Studio Apartment and Approved Plans LOCATION LOCATION LOCATION Exceptionally Unique Office Building with Optional Approved Plans for Future Development! Ideally located in an extremely-sought after area just moments from I-10, this approximately 1,914sqft building and 2,730sfqt lot affords excellent visibility with a high traffic count of roughly 100,000 vehicles. Can paint logo or branding on side of the building. (Venice Blvd and La Cienega Blvd- 2-mile radius). Perfect for an investor and/or owner occupant, the two-story building includes approximately 910sqft of office space on each floor, as well as an attached studio apartment. Before exploring the interior, venture to the rear of the building to find a gated parking lot with plenty of paved spaces for both employee parking and personal use. Offering a welcoming aesthetic, the property delights with a desirable corner lot, convenient sidewalks, a classic stucco exterior, and an inviting front door. Step inside to discover a main-level with an openly flowing layout, ample light, neutral paint hues, and a half bath. Head upstairs to review the second-floor with tons of natural light and a sprawling area for communal workspace. Nestled in the back of the building, the studio apartment presents a unique opportunity for an owner occupant to enjoy excellent work/life balance. Ready for new imagination and upgrades, the studio apartment features an open concept kitchen, sizeable living/bedroom area, track lighting, and a full bathroom with a shower. For those seeking a modern edge and uber-chic vibes, the new approved plans ensure fresh possibilities with three floors of cutting-edge office space, employee lounges, and an uncovered rooftop deck. Boasting covered parking for 3+ vehicles, the first-floor has three offices, a gender-neutral bathroom, and a storage closet. The second-floor impresses with five offices, a covered patio, two gender neutral bathrooms, server area, two closets, and a mechanical room. Finally, the third floor dazzles with two offices, supply closet, employee lounge, and an uncovered deck. As a bonus this property is only minutes from restaurants, shopping, cafes, LAX, Union Station Commuter Rail, and Sony Pictures Studios. Get all the advantages of this rarely-available property, and start living your entrepreneurial dreams today. Call now to schedule your private showing!Can be delivered Vacant.Broker & broker's agents do not guarantee accuracy square footage or other information concerning conditions or features of the property. Buyer is advised to independently verify accuracy of all info through personal inspection & with appropriate

Listed by Lawrence Morera | BRE #01840643 | Blue Cascade Real Estate Group
Last checked: 3 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
2,730
HOA Dues
$0/mo
Year built
1970
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
24382693
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 8642 Venice Blvd

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Other
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot
Property Information
  • Total # of Units: 1
  • Parcel Number: 5065002029
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located on Venice Blvd 2 blocks west of La Cienega Blvd on the South Side of the Street.
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Sale History for 8642 Venice Blvd

Last sold on May 22nd, 2018
  • April, 2024

  • Apr 21, 2024

    Date

    Active

    CRMLS: 24382693

    $1,850,000

    Price

  • May, 2018

  • May 22, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2016

  • Jul 8, 2016

    Date

    Sold (Public Records)

    Public Records

    $940,000

    Price

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Tax History for 8642 Venice Blvd

Assessed Value (2020): $997,534
Year Land Value Improved Value Assessed Value
2020 $742,845 $254,689 $997,534

Home Value Compared to the Market

This property vs the competition

8642 Venice Blvd is listed 34.69% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $862.07 per/sqft which puts the price per square foot 11.38% higher than the median price per square foot for the city of Los Angeles.

About 8642 Venice Blvd

Detailed summary of property

8642 Venice Blvd is a mixed use located in Los Angeles, CA 90034 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 1,914 living square feet, and sits on an approximately 2,730 square foot lot. 8642 Venice Blvd was first listed on ArdentRealEstateGroup.com on April 21, 2024. The homeowner is currently asking $1,650,000 and was originally asking $1,850,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 34.69% higher than the median priced home. Local competing homes currently for sale include 1030 Wilcox Ave, 4351 S Western Ave and 5022 S Western Ave. While the average home in Los Angeles, CA is selling in 96 days, 8642 Venice Blvd has a days on market of 11 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 8642 Venice Blvd Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8642 Venice Blvd

Public county record property details
Beds
--
Baths
--
Year built
1970
Sq. Ft.
1,820
Lot Size
2,730
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
109
APN
5065-002-029

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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.