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11425 Venice Boulevard, Los Angeles, California 90066, Los Angeles, 90066 - bed, bath

11425 Venice Boulevard, Los Angeles, California 90066 home-pic-0
ACTIVE$1,595,000
11425 Venice Boulevard, Los Angeles, California 90066
0Bed
0Bath
1,666Sqft
5,754Lot
Year Built
1953
Close
-
List price
$1.59M
Original List price
$1.73M
Price/Sqft
$957
HOA
-
Days on market
-
Sold On
-
MLS number
OC25062294
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.59M(50th), sqft - 1666(50th), beds - undefined(50th), baths - undefined(50th).

Prime Duplex & Development Opportunity in Mar Vista! Unlock the potential of this LAR3-zoned duplex in the heart of Mar Vista, offering a rare chance to live in or develop up to 12 units. 100% VACANT. This vacant duplex sits on a spacious lot and includes plans for development, making it an ideal investment for builders or owner-occupiers looking to maximize value. The existing duplex features two units – a 2 bedroom unit and a 1 bedroom unit. Whether you're looking to live in the property yourself, rent out both units for passive income or take advantage of the included development plans, this property presents endless possibilities. Conveniently located at the midpoint of Silicon Beach, Culver City, and Santa Monica, near major freeways, shops, restaurants, and public transit, this is a prime location for future growth. Don’t miss this high-potential investment in a booming LA neighborhood!

Nearby schools

4/10
Charnock Road Elementary School
Public,•K-6•0.5mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.7mi
6/10
La Ballona Elementary School
Public,•K-5•0.8mi
8/10
Mar Vista Elementary School
Public,•K-5•0.8mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.2mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.3mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.6mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.8mi
8/10
Grant Elementary School
Public,•PK-5•2.4mi
7/10
Culver City Middle School
Public,•6-8•1.2mi
6/10
John Adams Middle School
Public,•6-8•2.7mi
8/10
Culver City High School
Public,•9-12•1.2mi
6/10
Venice Senior High School
Public,•9-12•1.4mi
6/10
University Senior High School
Public,•9-12•3.3mi
8/10
Santa Monica High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
05/09/22
Sold
$1,250,000
Condition Rating
Poor
The property, built in 1953, features extremely dated kitchens and bathrooms with original-style wood cabinets, tiled countertops, and older fixtures. While some flooring and appliances have been updated, these are superficial and do not address the overall outdated condition. Heating is via wall heaters, indicating a lack of modern HVAC. The property analysis explicitly states the existing duplex is 'dated and likely requires substantial renovation or demolition for optimal use,' aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation, and extensive system replacements.
Pros & Cons

Pros

Development Potential: LAR3 zoning and included development plans for up to 12 units offer significant upside for investors and builders.
Prime Location: Strategically located in Mar Vista, at the midpoint of Silicon Beach, Culver City, and Santa Monica, ensuring high demand and future appreciation.
100% Vacant: The property is entirely vacant, providing immediate flexibility for renovation, occupancy, or demolition without tenant relocation complexities.
Existing Duplex Income: The current duplex configuration (2-bed and 1-bed units) offers immediate rental income potential or multi-generational living options.
Generous Lot Size: A 5754 sqft lot provides ample space to execute the proposed multi-unit development.

Cons

Age of Existing Structure: Built in 1953, the current duplex is dated and likely requires substantial renovation or demolition for optimal use.
High Development Costs: Capitalizing on the multi-unit development potential will necessitate significant additional investment beyond the purchase price.
Limited Existing Unit Size: The total 1666 sqft for two units suggests smaller living spaces, which may limit current rental income potential without upgrades.

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