577 Venice Blvd.

Venice, CA 90291

$1,549,500
Price
3
Beds
3
Baths
1,510 Sq. Ft.
$1,026 / Sq. Ft.
1,510
Sq. Ft.
$1,026
per Sq. Ft.

Description

An exceptional investment opportunity with this incredible duplex in the heart of Venice! With R3 zoning, there may be possibility to expand to a triplex by converting the spacious garage. Ideally situated just minutes from Venice Beach, the canals, Rose Ave, and Abbot Kinney Boulevard, this property boasts excellent walkability and quick access to Silicon Beach and major freeways. Don't miss your chance to invest in one of LA's most desirable neighborhoods!An exceptional investment opportunity with this incredible duplex in the heart of Venice! With R3 zoning, there may be possibility to expand to a triplex by converting the spacious garage. Ideally situated just minutes from Venice Beach, the canals, Rose Ave, and Abbot Kinney Boulevard, this property boasts excellent walkability and quick access to Silicon Beach and major freeways. Don't miss your chance to invest in one of LA's most desirable neighborhoods!
  1. Listed by Robert Howell • DRE #01229400 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Somtochukwu Maduka • DRE #02222352 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 577 Venice Blvd.

Zoning
LAR3
Parcel Number
4238017039
Total Units
2.0
Living Area
1510
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0
Lot Size Area
4400
LISTING UPDATED: 10/08/2024 04:15 PM

Property Details for 577 Venice Blvd.

StatusActive
MLS #24-438303
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.10 AC / 4,400 SF
CountyLos Angeles County

Building Information for 577 Venice Blvd.

Stories-Residences-Year Built1953Building Size-Lot Size0.10 AC / 4,400 SF

Property Information for 577 Venice Blvd.

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $144,000
  • Net Operating Income: $140,929.08
  • Gross Income: $144,000
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $11.77
  • Total Annual Expense: 3070.92
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.101
  • Lot Size Square Feet: 4400
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Attached
  • Total Parking: 0
  • Parking Features: Driveway
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Ceiling Fan, Refrigerator
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $7,000.00
  • Unit Actual Rent: $7,000.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $66,716.00
  • Assessed Improvement Percent: 53.73
  • Assessed Land Value: $57,463.00
  • Assessed Land Percent: 46.27
  • Assessed Total Value: $124,179.00

Property History for 577 Venice Blvd.

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 577 Venice Blvd.

Taxable ValueLand$58,612Additions$68,430Total$127,042
Tax Record2024$1,717 ($143 / month)
Home Facts
Total Finished SqFt1,510 SqFtAbove Grade Finished SqFt1,510 SqFtLot Size4,400 SqFtStyleDuplexYear Built1953ZoningLAR3CountyLOS ANGELESAPN4238-017-039

Schools near 577 Venice Blvd.

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
Public - K to 5
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 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.

Similar Homes

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577 Venice Blvd. is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on September 11, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,549,500. 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. 577 Venice Blvd. is a 3-bed, 3-bath, 1,510 sqft multi-family home built in 1953.

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 Keller Williams Beverly Hills, Robert Howell, DRE #01229400; Keller Williams Beverly Hills, Somtochukwu Maduka, DRE #02222352

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.