580 Venice Boulevard

Venice, CA 90291

$2,500,000
Price
4
Beds
2
Baths
1,914 Sq. Ft.
$1,306 / Sq. Ft.
1,914
Sq. Ft.
$1,306
per Sq. Ft.

Description

Huge price reduction! Once in a generation opportunity to purchase one to three buildings on contiguous parcels in the prime, highly visible intersection of Venice Blvd. and Abbot Kinney Blvd. The gateway to Venice Beach, Abbot Kinney dining and Marina Del Rey. Zoned LAC2 creating great options for developers/investors. This corner building is a duplex with a store in the back. Both tenants are on month to month. One tenant occupies both of the two 2+1 units, and one tenant has the one room store,...Huge price reduction! Once in a generation opportunity to purchase one to three buildings on contiguous parcels in the prime, highly visible intersection of Venice Blvd. and Abbot Kinney Blvd. The gateway to Venice Beach, Abbot Kinney dining and Marina Del Rey. Zoned LAC2 creating great options for developers/investors. This corner building is a duplex with a store in the back. Both tenants are on month to month. One tenant occupies both of the two 2+1 units, and one tenant has the one room store, with a bathroom, in the back. The adjacent buildings are the 1702 Abbot Kinney Blvd. on about 3,000 sf lot, APN 4228-001-005, MLS# 23-234541 and 1706 Abbot Kinney Blvd. on about 3,001 sf lot, APN 4228-001-006, MLS#23-234553. Both are offered at $1,875,000 EACH. All 3 lots are available for a total of $6,250,000 based on land value of approximatley $625 per sq. Ft. Do not disturbe tenants and/or walk on any of those properties. Sold in strictly 'as is' condition. Seller selects services.
  1. Listed by Ron Wolotzky • DRE #01771815 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 580 Venice Boulevard

Zoning
LAC2
Parcel Number
4228001004
Total Units
2.0
Living Area
1914
Source Living Area
Owner
Area
Venice (C11)
Vacancy Rate
0.00
Lot Size Area
3907

Location

Listing Courtesy of Rodeo Realty, Ron Wolotzky, DRE #01771815
Add your commute
LISTING UPDATED: 04/02/2024 01:53 PM

Property Details for 580 Venice Boulevard

StatusActive
MLS #23-234251
Days on Market457
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.09 AC / 3,907 SF
CountyLos Angeles County

Location

Listing Courtesy of Rodeo Realty, Ron Wolotzky, DRE #01771815
Add your commute

Building Information for 580 Venice Boulevard

Stories1Residences-Year Built1954Building Size-Lot Size0.09 AC / 3,907 SF

Payment Calculator

$16,436 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,792

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 580 Venice Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Mixed
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: $0
  • Net Operating Income: $.00
  • Gross Income: $75,120
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.0897
  • Lot Size Square Feet: 3907
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-25-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,760.00
  • Unit Actual Rent: $57,120.00
  • Unit Projected Rent: $.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $18,000.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $124,948.00
  • Assessed Improvement Percent: 4.76
  • Assessed Land Value: $2,499,134.00
  • Assessed Land Percent: 95.24
  • Assessed Total Value: $2,624,082.00

Property History for 580 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 580 Venice Boulevard

Taxable ValueLand$2,627,035Additions$131,341Total$2,758,376
Tax Record2023$33,501 ($2,792 / month)
Home Facts
Total Finished SqFt1,900 SqFtAbove Grade Finished SqFt1,900 SqFtStories1Lot Size3,907 SqFtStyleStoresYear Built1954ZoningLAC2CountyLOS ANGELESAPN4228-001-004

Schools near 580 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 5
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Venice Senior High 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.

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580 Venice Boulevard is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on January 24, 2023 by Rodeo Realty, it's currently listed at $2,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 580 Venice Boulevard is a 4-bed, 2-bath, 1,914 sqft multi-family home built in 1954.

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 Rodeo Realty, Ron Wolotzky, DRE #01771815

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.