11 19th Avenue

Venice, CA 90291

$2,550,000
Last Sold Price
6
Beds
4.75
Baths
2,724 Sq. Ft.
$936 / Sq. Ft.
2,724
Sq. Ft.
$936
per Sq. Ft.

Description

Triplex investment opportunity, value-add and/or long-term holding, in the heart of Venice, only a few feet from the beach. This 2,724 sq. ft. building comprises a spacious 2-bedroom plus loft, 2-bath unit filled with light and featuring a private balcony, as well as a 1-bedroom plus loft, 1.75-bath unit on three levels with ocean views from the loft area. A first-floor studio with potential privatization of a section of the patio completes this offering. Shared amenities include a peaceful flat...Triplex investment opportunity, value-add and/or long-term holding, in the heart of Venice, only a few feet from the beach. This 2,724 sq. ft. building comprises a spacious 2-bedroom plus loft, 2-bath unit filled with light and featuring a private balcony, as well as a 1-bedroom plus loft, 1.75-bath unit on three levels with ocean views from the loft area. A first-floor studio with potential privatization of a section of the patio completes this offering. Shared amenities include a peaceful flat and landscaped entertainment area with built-in barbecue and direct access for guests from 19th Ave pedestrian gate, in addition to 5-car secured parking garage (2 tandems) located on 18th Pl side. With modest cosmetic improvements, it is estimated that one could achieve rents totaling approximately $15,500 per month.

Property Details for 11 19th Avenue

Zoning
LAR3
Parcel Number
4226011010
Total Units
3.0
Living Area
2724
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
100%
Lot Size Area
2639

Location

Listing Courtesy of Compass, Donald Heller, DRE #01198240; Compass, Stephen Sigoloff, DRE #00796067

Sold By Compass, Donald Heller, DRE #01198240; Compass, Stephen Sigoloff, DRE #00796067

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LISTING UPDATED: 07/21/2020 11:27 AM

Property Details for 11 19th Avenue

StatusSold
MLS #20-548082
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.06 AC / 2,639 SF
CountyLos Angeles County

Building

11 19th Ave

3 Units3 StoriesBuilt in 1971

Location

Listing Courtesy of Compass, Donald Heller, DRE #01198240; Compass, Stephen Sigoloff, DRE #00796067

Sold By Compass, Donald Heller, DRE #01198240; Compass, Stephen Sigoloff, DRE #00796067

Add your commute

Building Information for 11 19th Avenue

Stories3Residences3Year Built1971Building Size-Lot Size0.06 AC / 2,639 SF

Payment Calculator

$16,596 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,916

Property Taxes

$2,680

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 19th Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: 3
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $186,000
  • Net Operating Income: $119,472.00
  • Gross Income: $186,000
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $15.56
  • Total Annual Expense: 66528
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 2639
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Attached, Covered Parking, Garage - 4+ Car
  • Total Parking: 5
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Radiant, Forced Air
  • Heating Type: Radiant, Forced Air
  • Equipment: Attic Fan, Barbeque, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-29-2020
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 11 19th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11 19th Avenue

Taxable ValueLand$2,288,880Additions$364,140Total$2,653,020
Tax Record2023$32,165 ($2,680 / month)
Home Facts
Total Finished SqFt2,724 SqFtAbove Grade Finished SqFt2,724 SqFtLot Size2,640 SqFtStyleTriplexYear Built1971ZoningLAR3CountyLOS ANGELESAPN4226-011-010

Schools near 11 19th Avenue

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, Donald Heller, DRE #01198240; Compass, Stephen Sigoloff, DRE #00796067

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.