NOT LISTED FOR SALE

11457 Venice Blvd Los Angeles, CA 90066

Mar Vista Neighborhood
12 Beds
7 Baths
6,083 Sq Ft
5,998 Sq Ft Lot

Last Sold March 22, 2024

Last sale price $1,500,000 $247 Per Sq Ft

33 Days on Market

About This Home

As of March 2024

7 - units in Mar Vista. The property consists of 2 - 1 bedroom + 1 bath and 5- 2 bedroom + 1 bath. The building is 6,083square feet and sits on a 5,998 square foot lot. It was built in 1956. It is individually metered for gas and electricity. The rents are below market and there is over 50% upside in the rents. There is on site laundry. It is located in the high demand area of Mar Vista adjacent to Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the 405 and 10 freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $626,000, 4.68% fixed until 8/18/25, due in 2045. PLEASE DO NOT DISTURB THE TENANTS.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 11/27/2023

Michael Anthony Salerno

Last Buyer's Agent

Ariel Sayani

Keller Williams Beverly Hills License #02072610

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 5,998 Sq Ft Lot

Interior Spaces

  • 6,083 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4234-009-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 6083
  • Lot Acreage: 0.1377
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 295.08

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 29.95
  • Assessed Improvement Value: 445887
  • Assessed Land Percent: 70.05
  • Assessed Land Value: 1043027
  • Total Assessed Value: 1488914
  • Assessor Parcel Number: 4234-009-011
  • Lot Size Area: 5998

Rental Info

  • Total Actual Rent: 96420.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 18.39
  • Number Of Units: 7
  • Total Annual Expense: 44040
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $1,500,000 -16.4% $247 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $1,795,000 -- $295 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Salerno

    Seller's Agent in 2024

    Michael Salerno

    Michael Anthony Salerno

    (310) 202-9166

    2 in this area

    32 Total Sales

    Section Image
  • Ariel Sayani

    Buyer's Agent in 2024

    Ariel Sayani

    Keller Williams Beverly Hills

    (310) 968-7711

    1 in this area

    15 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 23-331809

The MLS

California Los Angeles County Los Angeles 90066 Mar Vista

11457 Venice Blvd, Los Angeles, CA

This home is located at 11457 Venice Blvd, Los Angeles, CA 90066 since 27 November 2023. This property was built in 1956. 11457 Venice Blvd is a home located in Los Angeles County with nearby schools including Grand View Boulevard Elementary School, Daniel Webster Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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