NOT LISTED FOR SALE

717 Venice Blvd Los Angeles, CA 90291

Venice Neighborhood

Estimated Value: $355,000 - $488,000

1 Bed
1 Bath
870 Sq Ft
$514/mo HOA Fee

Last Sold December 05, 2024

Last sale price $350,000 $402 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,003/month

28 Days on Market

Highlights

  • Open Floorplan
  • Marble Flooring
  • Open to Family Room
  • Broadway Elementary Rated A-
  • Covered patio or porch
  • Walk-In Closet

About This Home

As of December 2024

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.

Last Agent to Sell the Property

Samantha Kinnon

Pardee Properties License #01858397 Listed on: 08/02/2024

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Meredith Gruszka

Pardee Properties License #02013805

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,002

Year Built

  • Built in 2017 | Remodeled

Lot Details

  • 8,150

HOA Fees

  • $514 Monthly HOA Fees

Interior Spaces

  • 870 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Sliding Doors
  • Living Room
  • Dining Area

Kitchen

  • Open to Family Room
  • <<OvenToken>>
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • <<tubWithShowerToken>>

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Sewer in Street

Additional Features

  • Covered patio or porch
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 4241-028-022

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,002

Year Built

Built in 2017 | Remodeled

Lot Details

0

HOA Fees

$514 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Venice Wedge HOA
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 870
  • Lot Acreage: 0.1871
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 2017
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Recessed Lighting, Open Floor Plan
  • Flooring: Tile, Wood, Marble
  • Appliances: Oven
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Over Tub, Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: In Kitchen, Dining Area
  • Kitchen Features: Open to Family Room, Remodeled
  • Laundry: Inside
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
  • Price Per S Q F T: 402.30

Exterior Features

  • Other Features: Sliding Glass Doors
  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 1

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Wall Unit(s)
  • Earth Quake Ins: 0
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: Public

Association/Amenities

  • Pet Rules: Pets Permitted, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 514.00
  • HOA: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Coastal Commission, Rent Control
  • Horses: No
  • Assessor Parcel Number: 4241-028-022
  • Lot Location: City
  • Lot Size Area: 8152

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 4

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Dec 10, 2024
Sold by
Sabillo Argel
Bought by
Reeds Creek Llc
Seller's Agent
Samantha Kinnon
Pardee Properties
Buyer's Agent
Meredith Gruszka
Pardee Properties
List Price
$350,000
Sold Price
$350,000
Views
305
Current Estimated Value
$404,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,247
Avg. Annual Appreciation
27.14%
Original Mortgage
$262,500
Outstanding Balance
$261,310
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$142,937

Purchase Details

Listed on
Aug 2, 2024
Closed on
Nov 20, 2024
Sold by
Chew Jessica
Bought by
Sabillo Argel
Seller's Agent
Samantha Kinnon
Pardee Properties
Buyer's Agent
Meredith Gruszka
Pardee Properties
List Price
$350,000
Sold Price
$350,000
Views
305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$261,310
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$142,937

Purchase Details

Listed on
Aug 2, 2024
Closed on
Nov 14, 2024
Sold by
715-721 Venice Boulevard Llc
Bought by
Sabillo Argel
Seller's Agent
Samantha Kinnon
Pardee Properties
Buyer's Agent
Meredith Gruszka
Pardee Properties
List Price
$350,000
Sold Price
$350,000
Views
305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$261,310
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$142,937
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Reeds Creek Llc -- None Listed On Document
Reeds Creek Llc -- None Listed On Document
Sabillo Argel -- Fidelity National Title
Sabillo Argel -- Fidelity National Title
Sabillo Argel $350,000 Fidelity National Title
Sabillo Argel $350,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabillo Argel $262,500
Closed Sabillo Argel $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2024 12/05/24 Sold $350,000 0.0% $402 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $350,000 -- $402 / 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
2024 $3,002 $239,061 $91,761 $147,300
2023 $2,949 $234,374 $89,962 $144,412
2022 $2,816 $229,780 $88,199 $141,581
2021 $2,776 $225,275 $86,470 $138,805
2019 $2,694 $218,595 $83,906 $134,689
Source: Public Records

Agents Affiliated with this Home

  • Samantha Kinnon

    Seller's Agent in 2024

    Samantha Kinnon

    Pardee Properties

    (310) 650-6781

    11 in this area

    20 Total Sales

    Samantha Kinnon
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2024

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    268 in this area

    966 Total Sales

    Tamra Pardee
    Section Image
  • Meredith Gruszka

    Buyer's Agent in 2024

    Meredith Gruszka

    Pardee Properties

    (310) 968-4557

    11 in this area

    70 Total Sales

    Meredith Gruszka
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-421457

The MLS

APN: 4241-028-022

California Los Angeles County Los Angeles 90291 Venice

717 Venice Blvd, Los Angeles, CA

This home is located at 717 Venice Blvd, Los Angeles, CA 90291 since 02 August 2024 and is currently estimated at $404,247, approximately $464 per square foot. This property was built in 2017. 717 Venice Blvd is a home located in Los Angeles County with nearby schools including Broadway Elementary, Westminster Avenue Elementary School, and Mark Twain Middle 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.

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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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