630 Venice Way Inglewood, CA 90302-2845
Property profile & analytics
630 Venice Way Inglewood, CA 90302-2845
- Apartment buildings
- 68,160 SF
- 1.05 lot acres
Property ID
US09-6961872
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Leyden / Apartment Complex
- PEAK Theatre Arts / Theater & Performing Art Venue
Property Details for 630 Venice Way
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 1.05 lot acres
- Property size
- 68,160 SF
- Zone code
- INR3*
- Property type
- Apartment buildings
- APN
- 4017-024-031
- APU
- 4017024031
Description
This exceptional 58-unit apartment building, located at 630 Venice Way in Inglewood, California (APN 4017-024-031), presents a compelling investment opportunity. The property, built in 1973, offers 68,160 square feet on a 45,673 square foot lot and is currently priced at $17,500,000 ($256.75/sq ft and $301,724.14/unit), reflecting a 5.22% cap rate. The building features a desirable unit mix, including 53 two-bedroom/two-bathroom units and 5 three-bedroom/two-bathroom units. Amenities include a swimming pool, gated parking, a fitness center, a barbecue area, security entry, laundry rooms on each floor, an elevator, and gas fireplaces in every unit. The property benefits from significant rental upside potential. Attractive seller financing is available: a first trust deed at 3.5% interest-only for five years. This Class B multifamily property is situated in Los Angeles County, offering convenient access to local amenities and transportation. The building's features and location make it an ideal investment for those seeking strong returns and potential for future appreciation in the thriving Inglewood market. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $16,100,000
- ML approach
- $8,870,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $14,070,000
- 6.5%
- $12,990,000
- 7%
- $12,060,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,427,000
Market price range: $8.43M - $25.6M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $17,900,000 Current use
- INDUSTRIAL (GENERAL)
- $20,950,000 Change: +17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.366
- Latitude
- 33.9698
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$59,741
$230,752
$3,442,860
$3,673,612
-
$0.00
$0.00
$0.00
