1520 Andalusia Avenue

Venice, CA 90291

$2,980,000
Price
2
Beds
8
Baths
3,336 Sq. Ft.
$893 / Sq. Ft.
3,336
Sq. Ft.
$893
per Sq. Ft.

Description

Located just one block south of Abbot Kinney Blvd in Venice's favorite neighborhood! Close to Venice Beach and steps to popular Abbot Kinney shops, restaurants, and galleries. Charming central courtyard configuration with 6 studio and 2 one bedroom apartments. One studio apartment is currently vacant and projected at $2,200/ month (see rent roll) . Expenses are approximate (35%) including new property tax. No parking on premises. Please see Offering Memorandum under docs.Located just one block south of Abbot Kinney Blvd in Venice's favorite neighborhood! Close to Venice Beach and steps to popular Abbot Kinney shops, restaurants, and galleries. Charming central courtyard configuration with 6 studio and 2 one bedroom apartments. One studio apartment is currently vacant and projected at $2,200/ month (see rent roll) . Expenses are approximate (35%) including new property tax. No parking on premises. Please see Offering Memorandum under docs.
  1. Listed by David Putnam • DRE #01036004 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert
  2. Listed by Lauren Ravitz • DRE #01352397 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 1520 Andalusia Avenue

Zoning
LARD 1.5
Style
Bungalow
Cross Streets
Cabrillo and Andalusia
Parcel Number
UNAVAILABLE
Total Units
8.0
Living Area
3336
Source Living Area
Assessor
Area
Venice (C11)
LISTING UPDATED: 12/18/2024 10:12 AM

Property Details for 1520 Andalusia Avenue

StatusActive
MLS #24-448473
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.12 AC / 5,100 SF
CountyLos Angeles County

Building Information for 1520 Andalusia Avenue

Stories1Residences-Year Built1921Building Size-Lot Size0.12 AC / 5,100 SF

Property Information for 1520 Andalusia Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: units
  • View: Yes
  • View Description: Green Belt
  • View: Park/Greenbelt
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $190,788
  • Net Operating Income: $124,012.00
  • Gross Income: $190,788
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $15.70
  • Actual Annual Gross Rent: $190,788.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 66776
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Size Square Feet: 5100
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: Bath, Kitchen
  • Fireplace Rooms: Bath, Kitchen
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Linoleum, Ceramic Tile, Mixed
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-19-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,820.00
  • Unit Actual Rent: $1,820.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,178.00
  • Unit Actual Rent: $1,178.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,080.00
  • Unit Actual Rent: $2,080.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,810.00
  • Unit Actual Rent: $1,810.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,861.00
  • Unit Actual Rent: $1,861.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Property History for 1520 Andalusia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1520 Andalusia Avenue

Taxable ValueLand$2,071,110Additions$554,021Total$2,625,131
Tax Record2017$32,100 ($2,675 / month)
Home Facts
Above Grade Finished SqFt3,336 SqFtLot Size5,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1921Year Renovated1925ZoningLARD1.5CountyLos AngelesAPN4238004017

Schools near 1520 Andalusia Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1520 Andalusia Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on November 19, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $2,980,000. It has been on the market for a total of 32 days and was last sold on January 20, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 1520 Andalusia Avenue is a 2-bed, 8-bath, 3,336 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, David Putnam, DRE #01036004; Berkshire Hathaway HomeServices California Propert, Lauren Ravitz, DRE #01352397

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.