OFF_MARKETRisky Deal5 days on market

1163 Nelrose Ave

1163 Nelrose Ave, Venice, CA 90291, Venice, CA 90291
$1,998,000
Zestimate®:$1,752,000

Listing Price

Property image 1
1163 Nelrose Ave, Venice, CA 90291
Loc: Venice, CA
Days Listed
5
Tax Assessed
$1856k
Zestimate®
$1752k
Market Rate
Lot Size
4,273 sqft
Rent Estimate
$7,424/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Beethoven Street Elementary School

K-5
0.7 mi away
8

Mark Twain Middle School and World Languages Magnet

6-8
0.7 mi away
8

Venice Senior High School

9-12
0.4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
2.64%
Total ROI
2.9%
Cash Flow
$-5,708/mo
DSCR
0.44
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-07-10Price change$10,000$8
2026-07-10Price change$1,800,000$1,398
2026-05-09Price change$1,898,000$1,474
2026-04-06Listed for rent$12,000$9
2026-03-13Listed for sale$1,998,000$1,551
2023-03-04Listing removed$1,599,000$1,241
2022-03-03Sold$1,715,000$1,332
2022-02-02Pending sale$1,599,000$1,241
2022-01-08Listed for sale$1,599,000$1,241
2021-08-04Sold$1,025,000$796
2021-07-13Pending sale$1,245,000$967
2021-07-02Price change$1,245,000$967
2021-06-15Listed for sale$1,295,000$1,005
1997-11-21Sold$207,000$161

Tax History

YearProperty TaxTax Assessment
2026$0$1,856,368
2025$21,786.96$1,819,970
2024$21,554.46$1,784,285
2023$21,217.28$1,749,300
2022$20,291.05$1,025,000
2021$3,728.9$305,338
2020$3,763.63$302,208
2019$3,763.63$296,283
2018$3,572.41$290,475
2017$3,572.41$284,780
2016$3,496.17$279,197
2015$3,406.91$275,005
2014$3,375.67$269,619
2012$0$263,140
2011$0$257,981
2010$0$256,054
2009$0$256,663
2008$0$251,632
2007$0$246,699
2006$0$241,862
2005$0$241,862
2004$0$232,471
2003$0$228,212
2002$0$223,738
2000$0$215,051
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,288
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $1,998,000Rent Basis: Observed Comp Model ($7,424/mo)State Tax Benchmark: 0.75% (CA)Hazard Reserve: $999/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.14%

NOI: $42,687/yr

Cash-on-Cash Yield
-17.8%

On $459,540 invested

DSCR Ratio
0.34x

Negative debt coverage

5-Yr Leveraged ROI
+5.3%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.75% of basis)-$1,160/mo
Homeowner / Hazard Insurance-$999/mo
Vacancy Reserve (5% of rent)-$371/mo
Repairs & Maintenance (10% of rent)-$742/mo
Property Management (8% of rent)-$594/mo
Total Pure Operating Expenses-$3,867/mo
Net Investor Cash Flow
Gross Scheduled Rent+$7,424/mo
Less: Operating Expenses-$3,867/mo
Net Operating Income (NOI)+$3,557/mo
Less: Debt Service (30yr @ 6.75%)-$10,367/mo
Net Cash Flow
$-6,810/mo
$-81,719/year
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