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8861 Venice Blvd, Los Angeles, CA 90034
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8861 Venice Blvd Los Angeles, CA 90034

$1,700,000 Sold Price as of 11/06/2023
  • -- Beds
  • -- Baths
  • 2,117 Sq.Ft.
Sold
$1,700,000 Sold Price as of 11/06/2023 Refinance Your Mortgage
Map preview of 8861 Venice Blvd, Los Angeles, CA 90034

Property Overview: 8861 Venice Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 2,117 living square feet and 3,821 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Mixed-use 7 unit building on a corner location on Venice Boulevard a few blocks west of La Cienega Boulevard. This two-story building consists of two ground floor retail stores plus five one-bedroom apartments. Each unit is separately metered for electricity and the five residential units have their own gas meters. Parking is in the rear off the alley with room for 6 cars. New exterior paint and new roof. Incredible location right across the street from the planned Apple Campus development, the Helms Building, and the Metro E Line station. 3,825 square foot lot with C2 zoning and Tier 4 TOC designation. Great buy and hold opportunity in a location that is poised to take off. Please do not disturb tenants. Trust sale but court confirmation is not required.

Listed by Daniel John Cavanaugh | BRE #00576151 | Cavanaugh Realtors
Last checked: 15 minutes ago | Last updated: November 7th, 2023 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
3,821
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Other
Status
Sold
MLS#
23306641
City
Los Angeles
County
Los Angeles
Time on Site
259 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $60,742
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8861 Venice Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Property Information
  • Total # of Units: 7
  • Parcel Number: 4312009014
Location / Neighborhood
Location Information
  • Directions: Northwest corner of Venice Blvd. and Ivy St., between National Blvd. and La Cienega Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 8861 Venice Blvd

Last sold for $1,700,000 on November 6th, 2023

  • November, 2023

  • Nov 6, 2023

    Date

    Sold

    CRMLS: 23306531

    $1,700,000

    Price

  • Aug 30, 2023

    Date

    Active

    CRMLS: 23306531

    $1,700,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2023

  • Nov 6, 2023

    Date

    Sold

    CRMLS: 23306641

    $1,700,000

    Price

  • Aug 30, 2023

    Date

    Active

    CRMLS: 23306641

    $1,700,000

    Price

Show More

Tax History for 8861 Venice Blvd

Assessed Value (2020): $431,435
Year Land Value Improved Value Assessed Value
2020 $117,080 $314,355 $431,435

Home Value Compared to the Market

This property vs the competition

8861 Venice Blvd sold on November 6, 2023 for 42.86% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $803.02 per/sqft which puts the price per square foot 6.36% higher than the current median sale per square foot for the city of Los Angeles.

About 8861 Venice Blvd

Detailed summary of property

8861 Venice Blvd is a other that recently sold in Los Angeles, CA 90034. This property offered -- bedrooms, -- bathrooms, roughly 2,117 living square feet, and sits on an approximately 3,821 square foot lot. 8861 Venice Blvd was first listed on ArdentRealEstateGroup.com on August 31, 2023. The homeowner sold the property for $1,700,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.86% higher than the current median priced home. Local homes that are currently for sale include 7051 3rd Ave, 2400 W Florence Ave and 1425 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 94 days, 8861 Venice Blvd has a days on market of 19 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 8861 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 8861 Venice Blvd

Public county record property details
Beds
7
Baths
7
Year built
1950
Sq. Ft.
2,602
Lot Size
3,821
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
233,234
APN
4312-009-014

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
$1,895,000
Median List Price/Sq.Ft.
$900
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%)

Thinking of Selling?

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(714) 706-1823

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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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