$1,725,000
UNDER CONTRACT

Estimated payment $11,280/month

Total Views 3,475
6 Beds
4 Baths
6,184 Sq Ft
$279 Price per Sq Ft

About This Home

Venice Way Apartments is a six unit apartment community situated in Inglewood. Constructed in 1989, Venice Way Apartments boasts 6,184 SF, and its unit mix is comprised of two x 1 bedroom/1 bath + den, two x 2 bedroom/1 bath, and two x 3 bedroom/1.75 bath apartments, and is 100% occupied. Each apartment has its own water heater, and the property has owned laundry machines. Parking is serviced by fourteen parking spaces, in a carport, shared garage, and a private two car garage. Given, the parking configuration, and SB 1211, an opportunity to develop ADUs exist. Buyer to verify with the city of Inglewood the maximum amount of ADUs. Additionally, the roof was replaced within the last two years.

Listing Agent

CHRISTOPHER JOHNSON

LEE & ASSOC COMM R E SERV/PAS Brokerage Email: pas_admin@lee-associates.com License #01934154 Listed on: 05/13/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1989

Lot Details

  • 7,498 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 14 Car Garage

Interior Spaces

  • 6,184 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number 4017024017
  • $1,796 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Fuel Expense $260
  • Insurance Expense $9,652
  • Other Expense $38,231
  • Professional Management Expense $6,427
  • Trash Expense $3,750
  • Water Sewer Expense $3,750
  • Operating Expense $63,070
  • Gross Income $13,653
  • Net Operating Income $97,604

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1989

Lot Details

0

Parking

14

Listing Details

  • Price Per Unit: 287500
  • Professional Management Expense: 6427.00
  • Property Attached: No
  • Water Sewer Expenses: 3750.00
  • Zoning: INR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4017024017
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 278.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7498.00
  • Lot Size Acres: 0.1721

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 260.00
  • Gross Income: 13653.00
  • Gross Scheduled Income: 163836.00
  • Insurance Expense: 9652.00
  • Lot Size Area: 7498.0000 Square Feet
  • Net Operating Income: 97604.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 63070.00
  • Other Expense: 38231.00
  • Rent Control: Yes
  • Total Expenses: 63070.00

Tax Info

  • Tax Census Tract: 6013.02
  • Tax Lot: 99
  • TaxOtherAnnualAssessmentAmount: 1796.00

Map

Range of Values:

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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
05/13/2025 05/13/25 For Sale $1,725,000 0.0% $279 / Sq Ft
12/30/2024 12/30/24 Off Market $1,829 -- --
10/26/2024 10/26/24 Price Changed $1,829 0.0% $2 / Sq Ft
10/26/2024 10/26/24 For Rent $1,829 -9.1% --
12/21/2023 12/21/23 Price Changed $2,012 -21.5% $2 / Sq Ft
11/29/2023 11/29/23 Price Changed $2,562 +33.4% $3 / Sq Ft
11/20/2023 11/20/23 For Rent $1,920 0.0% --
09/11/2012 09/11/12 Sold $781,000 +4.1% $126 / Sq Ft
07/28/2012 07/28/12 Pending -- -- --
07/11/2012 07/11/12 For Sale $749,900 -- $121 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25106565

California Regional Multiple Listing Service (CRMLS)

APN: 4017-024-017