3617 West North Venice Boulevard

Los Angeles, CA 90019

$15,950,000
Price
56
Beds
57
Baths
27,448 Sq. Ft.
$581 / Sq. Ft.
27,448
Sq. Ft.
$581
per Sq. Ft.

Description

ST Realty Inc is pleased to present the opportunity to acquire a brand new, 29-unit apartment building in Mid City Built-in 2023, The Property, is located at 3617 Venice Blvd. The property offers large, spacious 2 bed 2 bath units with an average square footage of 870 SF. It also includes in unit washer & dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat, reserved parking and incredible views! The Property...ST Realty Inc is pleased to present the opportunity to acquire a brand new, 29-unit apartment building in Mid City Built-in 2023, The Property, is located at 3617 Venice Blvd. The property offers large, spacious 2 bed 2 bath units with an average square footage of 870 SF. It also includes in unit washer & dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat, reserved parking and incredible views! The Property is centrally located and a short distance from Culver City, West Adams, Koreatown, Larchmont, Downtown, and Hollywood.
  1. Listed by Paul Schon • DRE #01847860 • Brokerage DRE #01847860 • ST Realty, Inc

Property Details for 3617 West North Venice Boulevard

Zoning
LAC2
Parcel Number
5072017016
Total Units
29.0
Living Area
27448
Source Living Area
Estimated
Area
Mid Los Angeles (C16)
Vacancy Rate
3
Lot Size Area
15952

Location

Listing Courtesy of ST Realty, Inc, Paul Schon, DRE #01847860
Add your commute
LISTING UPDATED: 02/05/2024 12:25 PM

Property Details for 3617 West North Venice Boulevard

StatusActive
MLS #22-208167
Days on Market567
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.37 AC / 15,952 SF
CountyLos Angeles County

Location

Listing Courtesy of ST Realty, Inc, Paul Schon, DRE #01847860
Add your commute

Building Information for 3617 West North Venice Boulevard

Stories4Residences-Year Built2023Building Size-Lot Size0.37 AC / 15,952 SF

Payment Calculator

$87,046 per month

30 year fixed, 7.25% Interest

Principal and Interest

$87,046

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3617 West North Venice Boulevard

Community / Development
Community / Development
  • Number Of Units: 29
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: City Lights, City
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $1,011,396
  • Net Operating Income: $683,117.00
  • Gross Income: $1,011,396
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.61
  • Total Annual Expense: 297936
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3662
  • Lot Size Square Feet: 15952
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 32
  • Covered Parking: 32
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Elevator, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Washer, Refrigerator, Range/Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-12-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $960,000.00
  • Like Units: 25
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $28,800.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $24,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,000,000.00
  • Assessed Improvement Percent: 61.32
  • Assessed Land Value: $2,522,828.00
  • Assessed Land Percent: 38.68
  • Assessed Total Value: $6,522,828.00

Property History for 3617 West North Venice Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3617 West North 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
Charter - K to 5
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

City Language Immersion Charter (CLIC)
CharterK to 5

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.

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3617 West North Venice Boulevard is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on October 12, 2022 by ST Realty, Inc, it's currently listed at $15,950,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 3617 West North Venice Boulevard is a 56-bed, 57-bath, 27,448 sqft multi-family home built in 2023.

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 ST Realty, Inc, Paul Schon, DRE #01847860

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.