717 Venice Blvd.

Venice, CA 90291

$350,000
Last Sold Price
1
Bed
870 Sq. Ft.
$402 / Sq. Ft.
870
Sq. Ft.
$402
per Sq. Ft.
Sold 12/5/24
Sold 12/5/24
a view of a outdoor space

Description

Curious about a non-typical real estate investment - learn more about this interesting investment opportunity in the heart of Venice. Here is how it works: 1) You buy this Deed-restricted unit at the list price, which is less than 50% of market value. 2) You rent it out to a low-income eligible household at a current maximum allowable rent of $1,178, subject to annual rental increases, for at least 24 years. 3) After the Covenant expires, you can rent or sell it at then-market value (subject to tenant's...Curious about a non-typical real estate investment - learn more about this interesting investment opportunity in the heart of Venice. Here is how it works: 1) You buy this Deed-restricted unit at the list price, which is less than 50% of market value. 2) You rent it out to a low-income eligible household at a current maximum allowable rent of $1,178, subject to annual rental increases, for at least 24 years. 3) After the Covenant expires, you can rent or sell it at then-market value (subject to tenant's rent control rights at that time). 4. Your gain is 24+ years of appreciation in the Venice market, plus the gain for buying it far below market value today. // This is a DEED-RESTRICTED UNIT and must be rented to a low-income eligible household at a maximum allowable rent of $1,178 per month. Buyer will be required to execute a Consent Agreement with the City of Los Angeles agreeing to the Assignment and Assumption of the Restriction Covenant on the property. // Experience the epitome of California living in this stunning 1-bedroom, 1-bath condo located in the heart of Venice. The open-concept floor plan seamlessly integrates indoor and outdoor spaces, highlighted by floor-to-ceiling sliding doors that open to your private patio perfect for soaking up the sun and enjoying the coastal breeze. Inside, the light-filled unit boasts a sleek open kitchen with waterfall-style countertops and bar seating, complemented by warm wood floors that flow throughout the main living area. The bedroom is a tranquil retreat and includes a walk-in closet and access to the private patio. This home also offers the ultimate convenience with in-unit laundry, a split-unit HVAC system, a tankless water heater, and a parking spot located just steps from your door. Situated in a prime location, you'll find yourself surrounded by the best amenities Los Angeles has to offer. Savor the flavors of renowned restaurants on Abbot Kinney, relax in fabulous coffee shops, and shop at the exclusive Erewhon market just steps from your door. Live the vibrant Venice lifestyle in a home that truly has it all.
  1. Listed by Samantha Kinnon • DRE #01858397 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 717 Venice Blvd.

Water Front
None
Zoning
LAR2
Style
Architectural
Association Fee Frequency
Monthly
Parcel Number
4241028022
Total Units
4.0
Living Area
870
Source Living Area
Vendor Enhanced
LISTING UPDATED: 12/05/2024 03:55 PM

Property Details for 717 Venice Blvd.

StatusSold
MLS #24-421457
Days on Market28
Taxes-
HOA Fees$514 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built2017
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Samantha Kinnon, DRE #01858397; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Pardee Properties, Meredith Gruszka, DRE #02013805

Add your commute

Building Information for 717 Venice Blvd.

Building/Complex717 Venice BlvdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built2017

Payment Calculator

$2,579 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,706

Property Taxes

$359

HOA Dues

$514

The Payment Calculator is for illustrative purposes only.

Property Information for 717 Venice Blvd.

Community / Development
Community / Development
  • Tax Mello Roos: No
  • HOA Amount: $514
  • HOA: Yes
  • Complex Name: Venice Wedge HOA
  • Number Of Units: 4
  • Pets Allowed: Pets Permitted, Yes
  • Amenities: None
  • Senior Community: No
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Building Type: Condominium, Attached, Single Level
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Unit Floor In Building: 1
  • View: No
  • View Description: None
  • View: None
  • Planned Urban Dev: 0
  • Entry Floor Number: 1
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
  • Maids Room: false
  • Water: Public
  • Sewer: In Street
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Lease Considered: No
  • Available For Lease: No
  • Lease Option: false
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, CC and R, Affordable Housing Qualified, Coastal Commission Restrictions, Other, Coastal Zone, Homeowners Association, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Purchase: No
  • Horse: No
  • Special Zoning: Coastal Commission, Rent Control
  • Additional Parcel Number: No
  • Lot Acreage: 0.1871
  • Lot Size Square Feet: 8152
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 1
  • Covered Parking: 1
  • Parking Features: Carport, Covered
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Patio Covered
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling Type: Air Conditioning, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Tile, Wood, Marble
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
  • Interior Features: Recessed Lighting, Open Floor Plan
  • Room Kitchen Features: Kitchen Open to Family Room, Remodeled Kitchen
  • Kitchen Features: Open to Family Room, Remodeled
  • Room Bathroom Features: Tile Counters
  • Bathroom Features: Shower Over Tub, Tile
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • Cooking Appliances: Oven
  • Laundry: Inside
  • Eating Areas: In Kitchen, Dining Area
  • Eating Area: In Kitchen, Dining Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Door Features: Sliding Doors
  • Patio Features: Patio Open
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Sliding Glass Doors
Lease Terms
Lease Terms
  • Entry Date: 08-02-2024
  • Listing Terms: Cash, Cash To New Loan

Property History for 717 Venice Blvd.

DateEvent & SourcePriceAppreciation
Dec 5, 2024

Sold

CRMLS #24421457

$350,000—
Dec 5, 2024

Sold

CLAW #24-421457

$350,000—
Dec 5, 2024

Sold

SDMLS #24-421457

$350,000—
Nov 14, 2024

Sold (Public Record)

Public Record #1546047431

$350,000—
Nov 14, 2024

Sold (Public Record)

Public Record #1546047431

$350,000—
Aug 30, 2024

Pending

CLAW #24-421457

—
Aug 30, 2024

Accepting Backup Offers

CLAW #24-421457

—
Aug 30, 2024

Accepting Backup Offers

CRMLS #24421457

—
Aug 30, 2024

Pending

SDMLS #24-421457

—
Aug 2, 2024

Listed (Active)

CLAW #24-421457

$350,000—
Aug 2, 2024

Listed (Active)

SDMLS #24-421457

$350,000—
Aug 2, 2024

Listed (Active)

CRMLS #24421457

$350,000—
DateEvent & SourcePrice
12/05/2024

Sold

CRMLS #24421457

$350,000
12/05/2024

Sold

CLAW #24-421457

$350,000
12/05/2024

Sold

SDMLS #24-421457

$350,000
11/14/2024

Sold (Public Record)

Public Record #1546047431

$350,000
11/14/2024

Sold (Public Record)

Public Record #1546047431

$350,000
08/30/2024

Pending

CLAW #24-421457

—
08/30/2024

Accepting Backup Offers

CLAW #24-421457

—
08/30/2024

Accepting Backup Offers

CRMLS #24421457

—
08/30/2024

Pending

SDMLS #24-421457

—
08/02/2024

Listed (Active)

CLAW #24-421457

$350,000
08/02/2024

Listed (Active)

SDMLS #24-421457

$350,000
08/02/2024

Listed (Active)

CRMLS #24421457

$350,000

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

Public Records for 717 Venice Blvd.

Taxable ValueLand$100,000Additions$250,000Total$350,000
Tax Record2025$4,302 ($359 / month)
Home Facts
Beds1Total Finished SqFt870 SqFtAbove Grade Finished SqFt870 SqFtLot Size8,153 SqFtStyleCondominiumYear Built2017ZoningLAR2CountyLOS ANGELESAPN4241-028-022

Schools near 717 Venice Blvd.

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Walgrove Avenue Elementary School
Public - K to 5
Broadway Elementary School
Public - K to 5
Mark Twain Middle School and World Languages Magnet
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 5

Mark Twain Middle School and World Languages Magnet
Public6 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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Samantha Kinnon, DRE #01858397; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

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.