717 Venice Boulevard
Venice, CA 90291
- 1 bed
- 1 bath
- 870 sqft
- 8,152 sqft lot
- $402 per sqft
- 2017 build
- – on site
Curious about a non-typical real estate investment - learn more about this interesting investment opportunity in the heart of Venice. Here is how it works: 1) You buy this *DEED-RESTRICTED* unit at the list price, which is less than 50% of market value. 2) You rent it out to a low-income eligible household at a current maximum allowable rent of $1,178, subject to annual rental increases, for at least 24 years. 3) After the Covenant expires, you can rent or sell it at then-market value (subject to tenant's rent control rights at that time). 4. Your gain is 24+ years of appreciation in the Venice market, plus the gain for buying it far below market value today. // This is a DEED-RESTRICTED UNIT and must be rented to a low-income eligible household at a maximum allowable rent of $1,178 per month. Buyer will be required to execute a Consent Agreement with the City of Los Angeles agreeing to the Assignment and Assumption of the Restriction Covenant on the property. // Experience the epitome of California living in this stunning 1-bedroom, 1-bath condo located in the heart of Venice. The open-concept floor plan seamlessly integrates indoor and outdoor spaces, highlighted by floor-to-ceiling sliding doors that open to your private patio perfect for soaking up the sun and enjoying the coastal breeze. Inside, the light-filled unit boasts a sleek open kitchen with waterfall-style countertops and bar seating, complemented by warm wood floors that flow throughout the main living area. The bedroom is a tranquil retreat and includes a walk-in closet and access to the private patio. This home also offers the ultimate convenience with in-unit laundry, a split-unit HVAC system, a tankless water heater, and a parking spot located just steps from your door. Situated in a prime location, you'll find yourself surrounded by the best amenities Los Angeles has to offer. Savor the flavors of renowned restaurants on Abbot Kinney, relax in fabulous coffee shops, and shop at the exclusive Erewhon market just steps from your door. Live the vibrant Venice lifestyle in a home that truly has it all.
Last checked:
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Last updated Aug 30, 2024
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MLS# 24421457 —
The Building
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Year Built:2017
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New Construction:No
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Entry Level:1
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Patio:1
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Patio And Porch Features:Patio Open
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Total Number Of Units:4
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Stories Total:2
Interior
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Features:Recessed Lighting, Open Floorplan
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Levels:One
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Entry Location:Ground Level w/steps
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Kitchen Features:Kitchen Open to Family Room, Remodeled Kitchen
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Eating Area:In Kitchen, Dining Room
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Door Features:Sliding Doors
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Flooring:Tile, Wood
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Room Type:Living Room
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Fireplace:No
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Fireplace:None
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Laundry:Washer Included, Dryer Included, Inside
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Laundry:1
Room Dimensions
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Living Area:870.00
Financial & Terms
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Disclosures:CC And R's, Coastal Commission Restrictions, Coastal Zone, Homeowners Association, Rent Control
Location
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Directions:At the intersection of Venice Blvd and Oakwood Ave.
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Latitude:33.99188000
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Longitude:-118.45781100
The Property
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Property Type:Residential
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Subtype:Condominium
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Property Condition:Updated/Remodeled
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Zoning:LAR2
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Lot Size Area:8152.0000
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Lot Size Acres:0.1871
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Lot Size SqFt:8152.00
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View:None
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Security Features:Carbon Monoxide Detector(s), Smoke Detector(s)
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Additional Parcels:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:1
Baths
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Total Baths:1
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Bathroom Features:Tile Counters
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Full & Three Quarter Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4241028022
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Utilities
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Sewer:Other
Appliances
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Appliances:Dishwasher, Refrigerator, Oven
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Included:Yes
Schools
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High School District:Los Angeles Unified
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:Yes
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Association Fee:$514
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Association Fee Frequency:Monthly
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Covered
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Parking Spaces:1.00
Monthly cost estimate
Asking price
$350,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,874
|
| Taxes | N/A |
| Insurance | $96 |
| HOA fees | $514 |
| Utilities | $89 See report |
| Total | $2,573/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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8/30/24
Aug 30, 2024
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Sold Subject To Contingencies | CRMLS_CA | $350,000 | |
|
8/2/24
Aug 2, 2024
|
Listed / Active | CRMLS_CA | $350,000 |
