12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market Rate
Property Details
Property Features
Property Information:
Year Built: 1956
Stories: 2
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 729-1559
Listing Agent: Aaron Jacobson
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 9 spaces
Lot Features
Lot Information:
Lot Size: 0.28 Acres
School Info
Assigned Schools Information:
Venice Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Daniel Webster Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Grand View Boulevard Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Off Venice and McLaughlin
Price Information
Listing Price Info
Price Summary:
List Price: $4,100,000
Tax Information:
Annual Amount: $7,171
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $3.1M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24027071
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 729-1559
Listing Agent: Aaron Jacobson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/6/2024, 2:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 10, 1996
Dec 10, 1996Home Sold
$680,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,171
$512,986
2020
$6,981
$506,322
2019
$6,871
$496,396
2018
$6,697
$486,664
2017
$6,697
$477,122
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Grand View Boulevard Elementary School
3951 Grand View Blvd
Distance between this listing and this school0.62 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.81 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.51 miles
Public Magnet Grades 1-5
Middle School
4
/10
Daniel Webster Middle School
11330 Graham Pl
Distance between this listing and this school1.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.54 miles
Public District Grades 6-8
High School
6
/10
Venice Senior High School
13000 Venice Blvd
Distance between this listing and this school1.55 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school12.26 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.32 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Grand View Boulevard Elementary School
3951 Grand View Blvd
Distance between this listing and this school0.62 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.81 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.51 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Daniel Webster Middle School
11330 Graham Pl
Distance between this listing and this school1.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.54 miles
Public District Grades 6-8
Nearby Schools
7
/10
Palms Middle School
10860 Woodbine St
Distance between this listing and this school1.03 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Venice Senior High School
13000 Venice Blvd
Distance between this listing and this school1.55 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school12.26 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school13.32 miles
The neighbors living near this home have an average income of $70,938. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11473 Venice Blvd
What is the listing price of this property?
The listing price of 11473 Venice Blvd property is $4,100,000.
What type of property is this?
The property 11473 Venice Blvd is a condo located in Los Angeles, California, 90066.
Is this property for sale now?
Active Listing: 11473 Venice Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 11473 Venice Blvd are: Grand View Boulevard Elementary School: GreatSchools Rating 6/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Daniel Webster Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Venice Senior High School: GreatSchools Rating 6/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,171 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 10, 1996 for $680,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 11473 Venice Blvd is 1956.
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This home is located at 11473 Venice Blvd in Los Angeles, CA and zip code 90066 in the The Westside neighborhood. This home, which was built in 1956, sits on a 0.28 acre lot. It has been listed on Rocket Homes since February 09, 2024 and is currently priced at $4,100,000.
In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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