21 South Venice Boulevard

Venice, CA 90291

$3,460,000
Last Sold Price
5
Beds
6
Baths
3,567 Sq. Ft.
$970 / Sq. Ft.
3,567
Sq. Ft.
$970
per Sq. Ft.

Description

Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. All units are remodeled and delivered fully furnished. All units are being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control....Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. All units are remodeled and delivered fully furnished. All units are being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control. Cap rate 4.2 GRM 17 at current rents. Cap 4.6 and GRM 16 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.

Listing Agent

  1. James Allan

    James Allan

    Listing Agent

    Compass

    DRE #01180635

Property Details for 21 South Venice Boulevard

Zoning
LAR3
Parcel Number
4226014010
Total Units
6.0
Living Area
3567
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
3961

Location

Listing Courtesy of Compass, James Allan, DRE #01180635

Sold By Compass, James Allan, DRE #01180635

Add your commute
LISTING UPDATED: 01/07/2022 07:19 AM

Property Details for 21 South Venice Boulevard

StatusSold
MLS #21-776210
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.09 AC / 3,961 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, James Allan, DRE #01180635

Sold By Compass, James Allan, DRE #01180635

Add your commute

Virtual Tour

Building Information for 21 South Venice Boulevard

Stories2Residences-Year Built1964Building Size-Lot Size0.09 AC / 3,961 SF

Payment Calculator

$22,481 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,883

Property Taxes

$3,598

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 South Venice Boulevard

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: Coastal Commission Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $208,800
  • Net Operating Income: $150,663.00
  • Gross Income: $208,800
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $17.20
  • Total Annual Expense: 58137
  • Other Expense: $13,200.00
  • Tax Expense: $44,937
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0909
  • Lot Size Square Feet: 3961
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 5
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-27-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $76,449.00
  • Assessed Improvement Percent: 41.51
  • Assessed Land Value: $107,717.00
  • Assessed Land Percent: 58.49
  • Assessed Total Value: $184,166.00

Property History for 21 South Venice Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 21 South Venice Boulevard

Taxable ValueLand$3,060,000Additions$469,200Total$3,529,200
Tax Record2023$43,178 ($3,598 / month)
Home Facts
Total Finished SqFt3,567 SqFtAbove Grade Finished SqFt3,567 SqFtLot Size3,961 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN4226-014-010

Schools near 21 South Venice Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

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.

Similar Homes

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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 Compass, James Allan, DRE #01180635

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.