5 months on rocket

2422 Venice Blvd, Los Angeles, CA, 90019

$2,000,000

Home List Price

$10,000*

Closing Credit

5 Baths
4,716 SqFt
$424/SqFt
House

Location

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2422 Venice Blvd, Los Angeles$2,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCarport
Year Built1913
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewCity Lights
MLS #24404755
Lot Size0.14 Acres
StatusActive

About 2422 Venice Blvd

2422 Venice Blvd is a 14 unit apartment building located in the Mid-City Submarket of Los Angeles. Located west of Western Ave, in between Gramercy and St Andrews. Built in 1913, the property consists of (13) SRO units and (1) Bachelor unit. Delivered with 9 vacant units. The property includes 4 recently renovated shared bathrooms totaling 7 toilets and 5 showers, on-site gated parking for 5 cars in the rear, on-site laundry, a recently renovated shared kitchen space, and a new roof. The subject property sits on a 6,006 sf lot zoned LAR3. The investment is offered at a very attractive cap rate and GRM with significant upside in rents. This property covers for a $1,400,000 loan at an 8.5% IO rate for 24 months. This along with the significant amenities for an SRO property make this an attractive opportunity for an investor.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1913
  • Stories: 2
  • Living Area: 4,716 SqFt

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: William James

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Exit North on Arlington. Turn East on Venice Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,000,000
  • Price Per SqFt: $424/SqFt

Tax Information:

  • Annual Amount: $22,721
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2422 Venice Blvd vs Los Angeles

157 DAYS ON ROCKET

+119 Days

$2,000,000

+$976.5K More

$424/SqFt

-$217 Less

KEY TAKEAWAY

This property is $976.5K more than the Median Sold Price and $217/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24404755

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: William James

IDX 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: 11/22/2024, 10:20:52 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

Jul 18, 2019Home Sold
$1,850,000
Nov 17, 2017Home Sold
$770,000
Oct 21, 2016Home Sold
$925,000
Apr 29, 2011Home Sold
$666,337
Feb 25, 2005Home Sold
$875,000
Oct 08, 2003Home Sold
$502,000
Dec 18, 2002Home Sold
$448,000
Dec 21, 2001Home Sold
$265,000
Feb 10, 1999Home Sold
$104,000
Feb 10, 1999Home Sold
$104,000

Tax History

YEARPROP. TAXASSESSMENT
2021$22,721$1,869,166
2020$15,961$1,850,000
2019$15,833$1,295,400
2018$11,680$1,270,000
2017$11,680$925,000

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,063

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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.

Nearby Schools

school-card-donut-580548
6
/10

  • Carson - Gore Academy of Enviornmental Studies

  • 3200 W Washington Blvd

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-580549
4
/10

  • Los Angeles Elementary

  • 1211 S Hobart Blvd

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-580550
7
/10

  • 24th Street Elementary School

  • 2055 W 24th St

  • 0.58 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,996. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2422 Venice Blvd

What is the listing price of this property?

The listing price of 2422 Venice Blvd property is $2,000,000.

What type of property is this?

The property 2422 Venice Blvd is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Active Listing: 2422 Venice Blvd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $22,721 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 18, 2019 for $1,850,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2422 Venice Blvd has 5 bathrooms..

What is the square footage of this property?

The property 2422 Venice Blvd is 4,716 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2422 Venice Blvd is 1913.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›2422 Venice Blvd

This home is located at 2422 Venice Blvd in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 4,716 square foot home, which was built in 1913, sits on a 0.14 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $2,000,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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