1630 Electric Avenue

Venice, CA 90291

$1,650,000
Last Sold Price
4
Beds
2
Baths
1,541 Sq. Ft.
$1,071 / Sq. Ft.
1,541
Sq. Ft.
$1,071
per Sq. Ft.

Description

Property is vacant. Go Direct. This 1955 Venice beach duplex with detached 2 car garage offers both the potential for development or continued rental income. The property is in good condition, updated roughly 8 years ago, with the option of turning the detached two car garage into an ADU. The property is located a short 1/2 block off Abbot Kinney on a quiet one-way street. Buyer to verify all information to satisfy any development plans.Property is vacant. Go Direct. This 1955 Venice beach duplex with detached 2 car garage offers both the potential for development or continued rental income. The property is in good condition, updated roughly 8 years ago, with the option of turning the detached two car garage into an ADU. The property is located a short 1/2 block off Abbot Kinney on a quiet one-way street. Buyer to verify all information to satisfy any development plans.
  1. Listed by Marcus Miceli • DRE #01439068 • Brokerage DRE #01439068 • Initiate Realty, Inc.

Property Details for 1630 Electric Avenue

Water Front
None
Zoning
LAR2
Style
California Bungalow
Accessibility Features
None
Parcel Number
4241013027
Total Units
2.0
Living Area
1541
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Initiate Realty, Inc., Marcus Miceli, DRE #01439068

Sold By Keller Williams Exclusive Properties, Cynthia Gargiulo, DRE #01314696

Add your commute
LISTING UPDATED: 02/16/2022 11:22 AM

Property Details for 1630 Electric Avenue

StatusSold
MLS #21-704808
Days on Market306
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.09 AC / 3,875 SF
CountyLos Angeles County

Location

Listing Courtesy of Initiate Realty, Inc., Marcus Miceli, DRE #01439068

Sold By Keller Williams Exclusive Properties, Cynthia Gargiulo, DRE #01314696

Add your commute

Building Information for 1630 Electric Avenue

Stories1Residences-Year Built1955Building Size-Lot Size0.09 AC / 3,875 SF

Payment Calculator

$10,706 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,701

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1630 Electric Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
  • View: Yes
  • View Description: City Lights
  • View: City Lights
  • Security Features: Gated
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Financing: Conventional, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $82,800
  • Net Operating Income: $80,000.00
  • Gross Income: $82,800
  • Gross Rent Multiplier: $21.70
  • Owner Pays: Water
  • Total Annual Expense: 2800
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.089
  • Lot Size Square Feet: 3875
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 2
  • Covered Parking: 2
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Family Room
  • Rooms: Breakfast Area, Family Room, Patio Open
  • Levels: Ground Level
  • Fireplace Features: Bath, Family Room, Kitchen, Patio
  • Fireplace Rooms: Bath, Family Room, Kitchen, Patio
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Wood, Laminate
  • Equipment: Built-Ins, Cable, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Interior Features: Common Walls, Storage Space, Tandem, Living Room Deck Attached
  • Room Kitchen Features: Corian Counters
  • Kitchen Features: Corian Counters
  • Bathroom Features: Shower Over Tub
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Gas
  • Laundry: Garage
  • Laundry Equipment: Own
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Sprinkler System
  • Patio Features: Deck(s), Porch - Front, Porch - Rear
  • Entry Location: Main Level
  • Windows: Vertical Blinds
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structural Features: Barbecue Private
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-19-2021
  • Listing Terms: Standard Sale, Exchange/Trade
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 2
  • Number of Disposal: 2
  • Number of Drapes: 2
  • Number Patio: 2
  • Number Range: 2
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $277,281.00
  • Assessed Improvement Percent: 21.3
  • Assessed Land Value: $1,024,252.00
  • Assessed Land Percent: 78.7
  • Assessed Total Value: $1,301,533.00

Property History for 1630 Electric 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 1630 Electric Avenue

Taxable ValueLand$1,530,000Additions$153,000Total$1,683,000
Tax Record2023$20,416 ($1,701 / month)
Home Facts
Total Finished SqFt1,541 SqFtAbove Grade Finished SqFt1,541 SqFtLot Size3,891 SqFtStyleDuplexYear Built1955ZoningLAR2CountyLOS ANGELESAPN4241-013-027

Schools near 1630 Electric Avenue

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

Walgrove Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

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 Initiate Realty, Inc., Marcus Miceli, DRE #01439068

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.