40 South Venice Boulevard

Venice, CA 90291

$2,625,000
Last Sold Price
4
Beds
6
Baths
3,011 Sq. Ft.
$872 / Sq. Ft.
3,011
Sq. Ft.
$872
per Sq. Ft.

Description

Custom triplex on 4500 sq ft oversized lot located on the 1st block of Venice Beach. The owner's unit is furnished, has a wall of windows for light, 18 ft ceilings, laundry, fireplace, side yard, and balcony. The 2- 1BR 1 1/2 baths townhouse units are about 900 sq ft, fireplaces, redone, and each has its own yard. There is another laundry on the 1st level. The property is totally gated with 6 car tandem parking. The rent on the owner's unit was $7000 per month. One of the 1BR units will be vacant....Custom triplex on 4500 sq ft oversized lot located on the 1st block of Venice Beach. The owner's unit is furnished, has a wall of windows for light, 18 ft ceilings, laundry, fireplace, side yard, and balcony. The 2- 1BR 1 1/2 baths townhouse units are about 900 sq ft, fireplaces, redone, and each has its own yard. There is another laundry on the 1st level. The property is totally gated with 6 car tandem parking. The rent on the owner's unit was $7000 per month. One of the 1BR units will be vacant. This area is close to Abbott Kinney, Washington Blvd and so much more. Two units will be delivered vacant!
  1. Listed by Gwen Helene Zeller • DRE #01188191 • Brokerage DRE #01254822 • Lighthouse Prop. RE Serv. Inc.

Property Details for 40 South Venice Boulevard

Zoning
LAR3
Parcel Number
4226015017
Total Units
3.0
Living Area
3011
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
4415

Location

Listing Courtesy of Lighthouse Prop. RE Serv. Inc., Gwen Helene Zeller, DRE #01188191

Sold By Lotus Estate Properties, Debbie Sutz, DRE #01254822

Add your commute
LISTING UPDATED: 04/05/2022 08:38 PM

Property Details for 40 South Venice Boulevard

StatusSold
MLS #21-798348
Days on Market130
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.10 AC / 4,415 SF
CountyLos Angeles County

Location

Listing Courtesy of Lighthouse Prop. RE Serv. Inc., Gwen Helene Zeller, DRE #01188191

Sold By Lotus Estate Properties, Debbie Sutz, DRE #01254822

Add your commute

Building Information for 40 South Venice Boulevard

Stories-Residences-Year Built1977Building Size-Lot Size0.10 AC / 4,415 SF

Payment Calculator

$17,260 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,326

Property Taxes

$2,934

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 South Venice Boulevard

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 3
  • View: Yes
  • View Description: Peek-A-Boo
  • View: Peek-A-Boo
  • Water Heaters: Yes
  • ADA Compliance: No
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Coastal Commission Restrictions, Coastal Zone, LA/Owner Related, Listing Broker Advantage, Owner Is Listing Agent, Trust/Conservatorship, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $152,400
  • Net Operating Income: $85,900.00
  • Gross Income: $152,400
  • Gross Rent Multiplier: $19.00
  • Actual Annual Gross Rent: $152,400.00
  • Actual Rent Total: $12,700.00
  • Total Annual Expense: 32000
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1013
  • Lot Size Square Feet: 4415
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport, Carport Attached, Community Garage, Controlled Entrance, Covered Parking, Garage - 4+ Car, Garage Is Attached, Gated, Tandem
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Assigned, Carport, Attached Carport, Community Structure, Controlled Entrance, Covered, Gated, Tandem Garage
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Dishwasher, Dryer, Network Wire, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer, Garbage Disposal, Gas Dryer Hookup, Water Purifier, Cable
  • Laundry: Community, Inside, Garage
Exterior Features
Exterior Features
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-25-2021
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $247,379.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $371,078.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $618,457.00

Property History for 40 South Venice Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 40 South Venice Boulevard

Taxable ValueLand$2,244,000Additions$434,500Total$2,678,500
Tax Record2023$35,204 ($2,934 / month)
Home Facts
Total Finished SqFt3,011 SqFtAbove Grade Finished SqFt3,011 SqFtLot Size4,415 SqFtStyleTriplexYear Built1977ZoningLAR3CountyLOS ANGELESAPN4226-015-017

Schools near 40 South 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
Public - K to 8
Rating
School
Distance
Coeur D'Alene 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.

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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 Lighthouse Prop. RE Serv. Inc., Gwen Helene Zeller, DRE #01188191

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.