710 Venice Way

Inglewood, CA 90302

$955,000
Last Sold Price
3
Beds
3
Baths
1,925 Sq. Ft.
$496 / Sq. Ft.
1,925
Sq. Ft.
$496
per Sq. Ft.

Description

We are pleased to present 710 Venice Way. The two bedroom unit will now be delivered vacant! Situated in the business-friendly area of Inglewood, CA this duplex has been fully remodeled and updated to serve as an investment vehicle for an active investor or to be utilized by an owner user looking to move into this reemerging area. With fully updated kitchens, bathrooms, hardwood floors, siding, and roofing, this is a great opportunity to own an income producing asset yielding strong cash flow in...We are pleased to present 710 Venice Way. The two bedroom unit will now be delivered vacant! Situated in the business-friendly area of Inglewood, CA this duplex has been fully remodeled and updated to serve as an investment vehicle for an active investor or to be utilized by an owner user looking to move into this reemerging area. With fully updated kitchens, bathrooms, hardwood floors, siding, and roofing, this is a great opportunity to own an income producing asset yielding strong cash flow in a highly desirable sub location of Inglewood. It serves as a unique and highly desirable property as reflected in its offering price. Furthermore, the potential to add an ADU adds significant upside for any buyer. The surrounding area boasts significant development with several projects recently completed or under construction including Sofi Stadium, and the Intuit Dome.
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 710 Venice Way

Zoning
INR3YY
Parcel Number
4017023012
Total Units
2.0
Living Area
1925
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Vacancy Rate
0
Lot Size Area
5851
LISTING UPDATED: 11/13/2024 10:23 AM

Property Details for 710 Venice Way

StatusSold
MLS #24-422515
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.13 AC / 5,851 SF
CountyLos Angeles County

Building Information for 710 Venice Way

Stories1Residences-Year Built1961Building Size-Lot Size0.13 AC / 5,851 SF

Property Information for 710 Venice Way

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Rental
Contract Info
Contract Info
  • Financing: Cash To New Loan, New, Cash
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $62,858
  • Net Operating Income: $47,205.00
  • Gross Income: $64,800
  • Cap Rate: 4.74%
  • Gross Rent Multiplier: $15.35
  • Actual Gross Annual Income: $64,800
  • Financial Info as Of: 08/01/2024
  • Vacancy Allow Dollar: $1,944.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 15651
  • Expense Maintenance Percent: $25.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1343
  • Lot Size Square Feet: 5851
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance, Driveway, Garage - 1 Car, Garage - 2 Car
  • Total Parking: 3
  • Covered Parking: 3
  • Garage Spaces Total: 3
  • Parking Features: Controlled Entrance, Driveway, Garage - Single Door, Garage - Two Door
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dryer, Dishwasher, Washer, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $153,334.00
  • Assessed Improvement Percent: 27.05
  • Assessed Land Value: $413,463.00
  • Assessed Land Percent: 72.95
  • Assessed Total Value: $566,797.00

Property History for 710 Venice Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 710 Venice Way

Taxable ValueLand$421,732Additions$156,400Total$578,132
Tax Record2024$7,678 ($640 / month)
Home Facts
Total Finished SqFt1,925 SqFtAbove Grade Finished SqFt1,925 SqFtLot Size5,851 SqFtStyleDuplexYear Built1961ZoningINR3YYCountyLOS ANGELESAPN4017-023-012

Schools near 710 Venice Way

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

Parent (Frank D.) Elementary School
PublicK to 8

Inglewood High School
Public9 to 12

Wilder's Preparatory Academy Charter
CharterK to 5

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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Similar Sold Homes

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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 Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545

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.