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Image 1 - 717 Venice Blvd, Venice, California, 90291 - Condo for sale

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Venice Blvd, Venice, Condo For Sale

717 Venice Blvd, Venice, California, 90291

Venice Blvd, Venice, Condo For Sale

condo for sale

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Listed: 08/05/24

717 Venice Blvd, Venice, California, 90291

1 Bed:

1 Bath:

870 Sq Ft Living Area:

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Price

$ 350,000

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About This Condo

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 … Full description

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Venice Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.