1176 Nelrose Avenue

Venice, CA 90291

$3,696,000
Last Sold Price
9
Beds
7.5
Baths
5,583 Sq. Ft.
$662 / Sq. Ft.
5,583
Sq. Ft.
$662
per Sq. Ft.

Description

The Kinney on Nelrose the"Property", a newly constructed three unit luxury townhome building. Designed by KurtGibbs of GIBBS Architects, this remarkable property is located at 1176 Nelrose Avenue in the esteemed neighborhood of Venice, California. Completed in 2023, the building spans 5,583 square feet and is situated on a 4,399 square foot lot. Each unit boasts three bedrooms, two and a half bathrooms, and showcases meticulous craftsmanship with bespoke finishes. The residences are equipped with...The Kinney on Nelrose the"Property", a newly constructed three unit luxury townhome building. Designed by KurtGibbs of GIBBS Architects, this remarkable property is located at 1176 Nelrose Avenue in the esteemed neighborhood of Venice, California. Completed in 2023, the building spans 5,583 square feet and is situated on a 4,399 square foot lot. Each unit boasts three bedrooms, two and a half bathrooms, and showcases meticulous craftsmanship with bespoke finishes. The residences are equipped with top-of-the-line Bertazonni appliances and feature the added convenience of private elevators. The property is not subject to any form of rent control regulations, providing an advantageous opportunity for investors or owner-users to adjust rents to market rates annually, thereby maximizing their return on investment.

Listing Agent

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

Property Details for 1176 Nelrose Avenue

Zoning
LARD1.5
Style
Architectural
Parcel Number
4236002019
Total Units
3.0
Living Area
5583
Source Living Area
Builder
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Scott Syme Jr., DRE #02007311

Sold By Pinnacle Estate Properties, Sevan Petrossian, DRE #01989049

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LISTING UPDATED: 10/16/2023 12:07 PM

Property Details for 1176 Nelrose Avenue

StatusSold
MLS #23-277601
Days on Market132
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.10 AC / 4,399 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, John Swartz, DRE #01873487; Compass, Scott Syme Jr., DRE #02007311

Sold By Pinnacle Estate Properties, Sevan Petrossian, DRE #01989049

Add your commute

Virtual Tour

Building Information for 1176 Nelrose Avenue

Stories3Residences-Year Built2023Building Size-Lot Size0.10 AC / 4,399 SF

Payment Calculator

$21,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,171

Property Taxes

$1,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1176 Nelrose Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Townhomes
  • Security Features: Card/Code Access
  • Property Condition: New Construction
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $278,820
  • Net Operating Income: $213,965.00
  • Gross Income: $278,820
  • Cap Rate: 5.36%
  • Gross Rent Multiplier: $14.48
  • Total Annual Expense: 56490
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.101
  • Lot Size Square Feet: 4399
Parking Details
Parking Details
  • Parking Garage: Assigned, Covered Parking, Driveway, Tandem
  • Total Parking: 8
  • Parking Features: Assigned, Covered, Driveway, Tandem Garage
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Elevator, Microwave, Washer, Refrigerator, Range/Oven
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-06-2023
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,662.00
  • Unit Actual Rent: $22,985.00
  • Unit Projected Rent: $22,985.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $273,095.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,092,384.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,365,479.00

Property History for 1176 Nelrose 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 1176 Nelrose Avenue

Taxable ValueLand$1,114,231Additions$278,556Total$1,392,787
Tax Record2023$16,859 ($1,405 / month)
Home Facts
Beds2Total Finished SqFt868 SqFtAbove Grade Finished SqFt868 SqFtLot Size4,399 SqFtStyleSingle Family ResidenceYear Built1947ZoningLARD1.5CountyLOS ANGELESAPN4236-002-019

Schools near 1176 Nelrose 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 - 9 to 12
Rating
School
Distance
Beethoven Street Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Phoenix Continuation 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.

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 Compass, John Swartz, DRE #01873487; Compass, Scott Syme Jr., DRE #02007311

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.