5618 Venice Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
5618 Venice Boulevard
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 5618 Venice Boulevard, Los Angeles, California 90019 is currently available with a list price of $1,190,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Despite the listing claiming a 'recent remodel,' the images reveal kitchens and bathrooms that are significantly outdated and show substantial wear and tear. The occupied unit's kitchen, in particular, appears neglected with stained walls and worn cabinets, requiring substantial rehabilitation. While some areas have fresh paint and newer laminate flooring, the critical areas like kitchens and bathrooms do not meet the standards of a recent, quality renovation, pushing the overall condition towards 'poor' given the 1947 build year and the need for major updates in key functional spaces.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Mixed-Use Zoning
The property benefits from LAC2 zoning, allowing for versatile residential and commercial applications, maximizing its utility and investment potential in a dynamic Los Angeles market.
- Multi-Unit Income Potential
Configured to potentially house three units, with one 2-bed/2-bath unit currently occupied, offering immediate and significant rental income opportunities for investors or owner-occupants.
- Recent Renovations
The property has undergone recent remodeling, including the downstairs area, suggesting updated aesthetics and reduced immediate capital expenditure for a new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2369.
- Older Construction (1947)
Despite recent remodels, the original construction year of 1947 may indicate underlying older systems (e.g., plumbing, electrical, foundation) that could require future attention or significant upgrades not covered by cosmetic renovations.
- Vacant Downstairs Units
The downstairs area, convertible into two units, is currently vacant, representing a period of potential lost income until new tenants or occupants are secured, requiring active management upon acquisition.
About 5618 Venice Boulevard
This Property has recently been remodeled. this great property could be three units or can be used as a mixed use building. There is a 2 bedroom 2 bath unit on the second floor that is occupied. Downstairs was used for an office, but now has been redone and can be two units either for an office or for living, Downstairs is now vacant This unique building has room to add more space or units, There is also a one car attached garage. This property is perfect for someone that needs an office or want to live in one unit and rent out the other two units This property is zoned LAC2 and has lots of upside potential. a great opportunity
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1947
- Lot Size
- 4,283 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,400 | 5,202 | 33% |
| Lot Size | 4,283 | 7,089 | 33% |
| Price | $1.19M | $1.40M | 33% |
| Price per sq ft | $496 | $269 | 67% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 184 | 33% |
Pricing History
Listed for Sale
Jan 31, 2026
$1,190,000
Initial Listing
Sold
Jan 21, 1998
$32,000
Public Record
Sold
Jan 21, 1998
$31,818
Public Record