10875 Venice Blvd.

Los Angeles, CA 90034

$2,700,000
Last Sold Price
4
Beds
4
Baths
6,834 Sq. Ft.
$395 / Sq. Ft.
6,834
Sq. Ft.
$395
per Sq. Ft.

Description

This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space...This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for the apartments is projected at $6,590, the single family home monthly rent is $2,545 and the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.
  1. Listed by Gary Fox • DRE #00847295 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
  2. Listed by Michael Wozniak • DRE #01856514 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 10875 Venice Blvd.

Zoning
LAC2
Parcel Number
4252025003
Total Units
4.0
Living Area
6834
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
6701
Lot Size Area
4964

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

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LISTING UPDATED: 03/13/2023 04:44 PM

Property Details for 10875 Venice Blvd.

StatusSold
MLS #23-229279
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.11 AC / 4,964 SF
CountyLos Angeles County

Location

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

Add your commute

Building Information for 10875 Venice Blvd.

Stories-Residences-Year Built1924Building Size-Lot Size0.11 AC / 4,964 SF

Payment Calculator

$16,251 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,735

Property Taxes

$1,516

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10875 Venice Blvd.

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: Yes
  • View Description: City
  • View: City Lights
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: $223,356
  • Net Operating Income: $131,102.00
  • Gross Income: $216,665
  • Cap Rate: 4.41%
  • Gross Rent Multiplier: $13.32
  • Actual Annual Gross Rent: $223,356.00
  • Total Annual Expense: 85553
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1139
  • Lot Size Square Feet: 4964
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 3
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-04-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $1,300.00
  • Unit Projected Rent: $1,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,250.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,445.00
  • Unit Actual Rent: $1,445.00
  • Unit Projected Rent: $1,445.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $57,048.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $69,735.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $126,783.00

Property History for 10875 Venice Blvd.

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10875 Venice Blvd.

Taxable ValueLand$1,040,400Additions$407,836Total$1,448,236
Tax Record2023$18,196 ($1,516 / month)
Home Facts
Total Finished SqFt6,834 SqFtAbove Grade Finished SqFt6,834 SqFtStories1Lot Size4,964 SqFtStyleOffice BuildingYear Built1924ZoningLAC2CountyLOS ANGELESAPN4252-025-003

Schools near 10875 Venice Blvd.

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
Charter - 6 to 8
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Icef Vista Middle Academy
Charter6 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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Similar Sold 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 Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

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.