$ 350,000
717 Venice Boulevard Venice (los Angeles), CA 90291
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$ 350,000
Est. payment /mo
Pending
717 Venice Boulevard Venice (los Angeles), CA 90291
1 Bed
1 Bath
870 SqFt
UPDATED:
11/12/2024 11:17 PM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 870 sqft
Price per Sqft $402
MLS Listing ID CL24421457
Bedrooms 1
Full Baths 1
HOA Fees $514/mo
HOA Y/N Yes
Year Built 2017
Lot Size 8,152 Sqft
Acres 0.1871
Property Description
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 co
Location
State CA
County Los Angeles
Area Listing
Zoning LAR2
Interior
Interior Features Kitchen/Family Combo, Updated Kitchen
Heating Wall Furnace
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Dryer, Washer, Inside
Exterior
Pool None
View Y/N false
View None
Total Parking Spaces 1
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Schools
School District Los Angeles Unified
Others
Tax ID 4241028022
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Listed by Samantha Kinnon • Pardee Properties