630 Venice Way

Inglewood, CA 90302

$18,500,000
Price
121
Beds
116
Baths
68,160 Sq. Ft.
$271 / Sq. Ft.
68,160
Sq. Ft.
$271
per Sq. Ft.

Description

Rare opportunity to purchase this trophy property in the best part of Inglewood. Great unit mix of 53 (2+2) and 5 (3+2) units. The amenities available for residents include a swimming pool, fitness center, control access, laundry facilities on each floor, elevator, and community BBQ. Secured on-site parking is provided with 116 spaces allowing for 2 parking spaces per unit.Rare opportunity to purchase this trophy property in the best part of Inglewood. Great unit mix of 53 (2+2) and 5 (3+2) units. The amenities available for residents include a swimming pool, fitness center, control access, laundry facilities on each floor, elevator, and community BBQ. Secured on-site parking is provided with 116 spaces allowing for 2 parking spaces per unit.
  1. Listed by Lawrence Cannizzaro • DRE #00609154 • Brokerage DRE #00609154 • Lawrence Frank Cannizzaro

Property Details for 630 Venice Way

Zoning
INR3*
Parcel Number
4017024031
Total Units
58.0
Living Area
68160
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
46248
Lot Size Area
45721

Location

Listing Courtesy of Lawrence Frank Cannizzaro, Lawrence Cannizzaro, DRE #00609154
Add your commute
LISTING UPDATED: 05/14/2024 03:25 PM

Property Details for 630 Venice Way

StatusActive
MLS #24-391977
Days on Market87
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size1.05 AC / 45,721 SF
CountyLos Angeles County

Location

Listing Courtesy of Lawrence Frank Cannizzaro, Lawrence Cannizzaro, DRE #00609154
Add your commute

Building Information for 630 Venice Way

Stories3Residences-Year Built1973Building Size-Lot Size1.05 AC / 45,721 SF

Payment Calculator

$105,888 per month

30 year fixed, 7.25% Interest

Principal and Interest

$100,962

Property Taxes

$4,926

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 630 Venice Way

Community / Development
Community / Development
  • Number Of Units: 58
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartyments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,495,368
  • Net Operating Income: $872,948.00
  • Gross Income: $1,541,616
  • Cap Rate: 4.72%
  • Gross Rent Multiplier: $12.00
  • Vacancy Allow Dollar: $46,248.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 622420
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 1.0496
  • Lot Size Square Feet: 45721
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 116
  • Covered Parking: 116
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Dishwasher
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-14-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,172.00
  • Unit Actual Rent: $114,420.00
  • Unit Projected Rent: $114,420.00
  • Like Units: 53
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,620.00
  • Unit Actual Rent: $13,098.00
  • Unit Projected Rent: $13,098.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,363,981.00
  • Assessed Improvement Percent: 93.7
  • Assessed Land Value: $226,228.00
  • Assessed Land Percent: 6.3
  • Assessed Total Value: $3,590,209.00

Property History for 630 Venice Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 630 Venice Way

Taxable ValueLand$226,228Additions$3,375,581Total$3,601,809
Tax Record2023$59,113 ($4,926 / month)
Home Facts
Total Finished SqFt68,160 SqFtAbove Grade Finished SqFt68,160 SqFtLot Size45,709 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningINR3*CountyLOS ANGELESAPN4017-024-031

Schools near 630 Venice Way

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Charter - K to 8
Public - 9 to 12
Rating
School
Distance
Highland Elementary School
PublicK to 6

Parent (Frank D.) Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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630 Venice Way is a multi-family home for sale in Inglewood, CA 90302. This property was listed for sale on March 6, 2024 by Lawrence Frank Cannizzaro, it's currently listed at $18,500,000. This listing's school district is Inglewood Unified School District. Nearby schools include Highland Elementary School, Parent (Frank D.) Elementary School and La Tijera K-8 Charter School Academy of Excellence. 630 Venice Way is a 121-bed, 116-bath, 68,160 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lawrence Frank Cannizzaro, Lawrence Cannizzaro, DRE #00609154

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.