NOT LISTED FOR SALE

8861 Venice Blvd Los Angeles, CA 90034

Mid-City Neighborhood
5 Beds
7 Baths
2,117 Sq Ft
3,821 Sq Ft Lot

Last Sold November 06, 2023

Last sale price $1,700,000 $803 Per Sq Ft

19 Days on Market

About This Home

As of November 2023

Mixed-use 7 unit building on a corner location on Venice Boulevard a few blocks west of La Cienega Boulevard. This two-story building consists of two ground floor retail stores plus five one-bedroom apartments. Each unit is separately metered for electricity and the five residential units have their own gas meters. Parking is in the rear off the alley with room for 6 cars. New exterior paint and new roof. Incredible location right across the street from the planned Apple Campus development, the Helms Building, and the Metro E Line station. 3,825 square foot lot with C2 zoning and Tier 4 TOC designation. Great buy and hold opportunity in a location that is poised to take off. Please do not disturb tenants. Trust sale but court confirmation is not required.

Last Agent to Sell the Property

Dannie Cavanaugh

Cavanaugh Realtors License #00576151 Listed on: 08/30/2023

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,821 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 2,117 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4312-009-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2117
  • Lot Acreage: 0.0877
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 803.02

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 72.48
  • Assessed Improvement Value: 317779
  • Assessed Land Percent: 27.52
  • Assessed Land Value: 120657
  • Total Assessed Value: 438436
  • Assessor Parcel Number: 4312-009-014
  • Lot Size Area: 3821

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 16.20
  • Number Of Units: 5
  • Total Annual Expense: 42326
  • Type Of Units: Apt & Store
  • Vacancy Rate: 2%

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

Property History

Date Event Price Change Sq Ft Price
11/06/2023 11/06/23 Sold $1,700,000 0.0% $803 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $1,700,000 -- $803 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dannie Cavanaugh

    Seller's Agent in 2023

    Dannie Cavanaugh

    Cavanaugh Realtors

    (310) 837-7198

    1 in this area

    90 Total Sales

    Dannie Cavanaugh
    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 23-306531

The MLS
California Los Angeles County Los Angeles 90034 Mid-City

8861 Venice Blvd, Los Angeles, CA

This home is located at 8861 Venice Blvd, Los Angeles, CA 90034 since 30 August 2023. This property was built in 1950. 8861 Venice Blvd is a home located in Los Angeles County with nearby schools including Palms Middle School, Alexander Hamilton Senior High School, and Turning Point School.

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