NOT LISTED FOR SALE

11551 Venice Blvd Los Angeles, CA 90066

Mar Vista Neighborhood

Estimated Value: $1,675,000 - $2,510,000

6 Beds
4 Baths
3,658 Sq Ft
$563/Sq Ft Est. Value

Last Sold September 01, 2018

Last sale price $1,575,000 $431 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $12,912/month

17 Days on Market

About This Home

As of September 2018

Prime Mar Vista location in this turn key investment. All 4 units were remodeled back in 2010 with washer/dryers in each. The building is well maintainted with significant upside in rents.

Last Agent to Sell the Property

Scott Brody

Scott Properties Group License #00963940 Listed on: 06/02/2018

Last Buyer's Agent

Brian Capossela

Cap Equity Realty License #01795725

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,297

Year Built

  • Built in 1956

Lot Details

  • 5,981 Sq Ft Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 3,658 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4234-009-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,297

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Prime Mar Vista location in this turn key investment. All 4 units were remodeled back in 2010 with washer/dryers in each. The building is well maintainted with significant upside in rents.
  • Living Area: 3658
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 430.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Value: 404039
  • Assessed Land Value: 1119775
  • Assessor Parcel Number: 4234-009-020
  • Geocode Override: No
  • Lot Size Area: 5981

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.26
  • Number Of Units: 4
  • Total Annual Expense: 30780
  • Type Of Units: apartments
  • Vacancy Rate: $912

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2018
Sold by
Acosta Tereso
Bought by
Person Pacific Llc
Current Estimated Value
$2,060,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Outstanding Balance
$818,984
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,241,017

Purchase Details

Closed on
Mar 18, 2008
Sold by
Acosta Tereso
Bought by
Acosta Tereso

Purchase Details

Closed on
Jul 6, 2007
Sold by
Acosta Tereso and The Tereso Acosta Revocable Li
Bought by
Acosta Tereso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2007
Sold by
Acosta Tereso
Bought by
Acosta Tereso and The Tereso Acosta Revocable Living Trust

Purchase Details

Closed on
Jan 19, 2007
Sold by
Acosta Blanca
Bought by
Acosta Tereso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.83%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 26, 2006
Sold by
Biston Aaron
Bought by
Acosta Tereso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
7.83%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 7, 2005
Sold by
Bolf Joseph
Bought by
Biston Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Person Pacific Llc $1,575,000 Lawyers Title Company
Acosta Tereso -- None Available
Acosta Tereso -- California Title Co
Acosta Tereso -- California Title Co
Acosta Tereso -- None Available
Acosta Tereso -- Fidelity Van Nuys
Acosta Tereso -- Fidelity Van Nuys
Biston Aaron -- Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Person Pacific Llc $588,000
Closed Person Pacific Llc $300,000
Open Person Pacific Llc $945,000
Previous Owner Acosta Tereso $714,450
Previous Owner Acosta Tereso $710,000
Previous Owner Acosta Tereso $620,000
Previous Owner Biston Aaron $747,500
Previous Owner Biston Aaron $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2018 09/01/18 Sold $1,575,000 0.0% $431 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
06/02/2018 06/02/18 For Sale $1,575,000 -- $431 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,297 $1,756,938 $1,115,517 $641,421
2024 $21,297 $1,722,490 $1,093,645 $628,845
2023 $20,891 $1,688,716 $1,072,201 $616,515
2022 $19,929 $1,655,605 $1,051,178 $604,427
2021 $19,678 $1,623,143 $1,030,567 $592,576
2020 $19,878 $1,606,500 $1,020,000 $586,500
2019 $19,093 $1,575,000 $1,000,000 $575,000
2018 $19,109 $1,554,289 $1,142,170 $412,119
2016 $18,269 $1,493,936 $1,097,819 $396,117
2015 $18,004 $1,471,496 $1,081,329 $390,167
2014 $18,078 $1,442,673 $1,060,148 $382,525
Source: Public Records

Agents Affiliated with this Home

  • Scott Brody

    Seller's Agent in 2018

    Scott Brody

    Scott Properties Group

    (310) 428-5494

    2 Total Sales

    Scott Brody
    Section Image

  • B

    Buyer's Agent in 2018

    Brian Capossela

    Cap Equity Realty

    (310) 305-4986

    20 Total Sales

    Brian Capossela
    Section Image
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Map

Source: The MLS

MLS Number: 18-350716

The MLS

APN: 4234-009-020

California Los Angeles County Los Angeles 90066 Mar Vista

11551 Venice Blvd, Los Angeles, CA

This home is located at 11551 Venice Blvd, Los Angeles, CA 90066 since 02 June 2018 and is currently estimated at $2,060,001, approximately $563 per square foot. This property was built in 1956. 11551 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.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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