534 Broadway Street

Venice, CA 90291

$3,380,000
Last Sold Price
10
Beds
6
Baths
4,428 Sq. Ft.
$763 / Sq. Ft.
4,428
Sq. Ft.
$763
per Sq. Ft.

Description

Located in the quiet streets by the beachside of Venice. 4 Blocks away from the beach, 1 block from Abbott Kinney, the shopping streets and Westminster Elementary School. Like Rodeo Drive of Beverly Hills and Montana Street in Brentwood or even 3rd Street Promenade in Santa Monica, Abbott Kinney is full of coffee shops, bars, restaurants and fashion boutiques for night time or weekend outings. Property is vacant and move-in ready. Public transportation off of Lincoln Blvd. and supermarkets like Ralphs,...Located in the quiet streets by the beachside of Venice. 4 Blocks away from the beach, 1 block from Abbott Kinney, the shopping streets and Westminster Elementary School. Like Rodeo Drive of Beverly Hills and Montana Street in Brentwood or even 3rd Street Promenade in Santa Monica, Abbott Kinney is full of coffee shops, bars, restaurants and fashion boutiques for night time or weekend outings. Property is vacant and move-in ready. Public transportation off of Lincoln Blvd. and supermarkets like Ralphs, Erewhon and Whole Foods are within a mile of the site. Per public records, the building shows 12 bedrooms, but is actually 10. Buyer to verify room count and square footage. Newly painted and roof is painted with elastomeric paint. Owners do not own any of the furniture, but staged furniture can be bought from the stager (Negotiation outside of escrow).
  1. Listed by Jack Dunn • DRE #01030392 • Brokerage DRE #01030392 • Jack Dunn

Property Details for 534 Broadway Street

Zoning
LARD1.5
Parcel Number
4239020009
Total Units
4.0
Living Area
4428
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
100%
Lot Size Area
5201

Location

Listing Courtesy of Jack Dunn, Jack Dunn, DRE #01030392

Sold By Dilbeck Real Estate, Potjanee Srisaereenuwat, DRE #01766066

Add your commute
LISTING UPDATED: 03/30/2022 01:56 PM

Property Details for 534 Broadway Street

StatusSold
MLS #21-796120
Days on Market125
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.12 AC / 5,201 SF
CountyLos Angeles County

Location

Listing Courtesy of Jack Dunn, Jack Dunn, DRE #01030392

Sold By Dilbeck Real Estate, Potjanee Srisaereenuwat, DRE #01766066

Add your commute

Building Information for 534 Broadway Street

Stories-Residences-Year Built1964Building Size-Lot Size0.12 AC / 5,201 SF

Payment Calculator

$21,938 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,446

Property Taxes

$3,492

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 534 Broadway Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $215,760
  • Net Operating Income: $211,560.00
  • Gross Income: $215,760
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.20
  • Total Annual Expense: 4200
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1194
  • Lot Size Square Feet: 5201
Parking Details
Parking Details
  • Parking Garage: Carport Attached, On street
  • Total Parking: 4
  • Parking Features: Attached Carport, Street
  • Attached Garage: Yes
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
Exterior Features
Exterior Features
  • Roof: Elastomeric
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-18-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $8,990.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $7,990.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $553,419.00
  • Assessed Improvement Percent: 25.13
  • Assessed Land Value: $1,648,493.00
  • Assessed Land Percent: 74.87
  • Assessed Total Value: $2,201,912.00

Property History for 534 Broadway Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 534 Broadway Street

Taxable ValueLand$2,856,000Additions$591,600Total$3,447,600
Tax Record2023$41,906 ($3,492 / month)
Home Facts
Total Finished SqFt4,428 SqFtAbove Grade Finished SqFt4,428 SqFtLot Size5,201 SqFtStyleQuadraplexYear Built1964ZoningLARD1.5CountyLOS ANGELESAPN4239-020-009

Schools near 534 Broadway Street

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 - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 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.

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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 Jack Dunn, Jack Dunn, DRE #01030392

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.