947 Venice Blvd Los Angeles, CA 90015

$1,375,000 Sold Price as of 03/31/2005

-- Beds
-- Baths
21,600 Sq.Ft.

Off Market

$1,375,000 Sold Price as of 03/31/2005 Refinance Your Mortgage

Map preview of 947 Venice Blvd, Los Angeles, CA 90015

Property Overview: 947 Venice Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 21,600 living square feet and 10,859 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

947 Venice Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 947 Venice Blvd

Last sold for $1,375,000 on March 31st, 2005

October, 2022
Oct 20, 2022

Date

Active

CRMLS: 22210777

$6,300,000

Price
Listing provided courtesy of CRMLS

947-955 Venice Boulevard, Los Angeles, CA 90015 , is a two story industrial property consisting of 21,600 SF of building on an estimated 10,859 SF lot. Built in 1958, the building is block/stucco construction, with 3,000 SF of office space, 2,500 lbs. freight elevator, high ceilings, 3 phase power, skylight fans, kitchenette, multiple bathrooms, a reception area, large windows on the facade, and an open floor plan. The property benefits from great freeway access such as the Santa Monica (I-10) Freeway and Harbor (110) Freeway. 947-955 Venice Boulevard allows an owner/user or investor to capitalize on the extremely tight vacancy rates and demand for industrial space in the submarket. This opportunity is ideal for an owner user to take advantage of SBA financing with as little as 10% down while owning industrial real estate in a great pocket of downtown LA. Downtown Los Angeles is the central business district of Los Angeles, California, as well as a diverse residential and commercial neighborhood. Minutes way from LA Live, which includes Crypto.com arena, Convention Center, Microsoft Theater & many other national tenants. The subject property is located within a State Enterprise Zone and an Opportunity Zone, which incentivizes investors and business owners with a variety of tax benefits provided certain conditions are met. * Buyer to verify State Enterprise Zone/Opportunity Zone with Los Angeles City.

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March, 2005
Mar 31, 2005

Date

Sold (Public Records)

Public Records

$1,375,000

Price

Tax History for 947 Venice Blvd

Assessed Value (2020): $1,752,511

Year	Land Value	Improved Value	Assessed Value
2020	$1,274,557	$477,954	$1,752,511

About 947 Venice Blvd

Detailed summary of property

947 Venice Blvd is categorized with a use code of Store/Office (Mixed Use) in Los Angeles, CA 90015 and last sold on March 31, 2005 for $1,375,000. This property has -- bedrooms, -- bathrooms, roughly 21,600 living square feet, and sits on an approximately 10,859 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.77% higher than the current median priced home. 947 Venice Blvd was last sold on March 31, 2005 for $1,375,000. Local nearby listings include 900 W Olympic Blvd #30H, 900 W Olympic Blvd #38D and 900 W Olympic Blvd #39B. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 947 Venice Blvd Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 947 Venice Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1958
Sq. Ft.: 21,600
Lot Size: 10,859
Stories: 1

Type: Store/Office (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-2
APN: 5135-031-021

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$749,000

Median List Price/Sq.Ft.

$704

Median Sold Price

$460,000

Median Sold Price/Sq.Ft.

$519

Total Inventory

Median Sale to List Price %

102.22%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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