Apartment building insurance in Venice (90291)
The apartment stock in Venice (90291) is old even for Los Angeles. 93% of the 407 buildings with five or more units went up before 1978 and the median one was built in 1956, so ordinance and law limits, original wiring and tuck-under parking are the first three things a file here has to answer for.
What this means for a building in Venice (90291)
- Age. The median apartment building here was built in 1956, and 93% are pre-1978. That is the ordinance and law and soft-story conversation. Why it matters.
- Size. The average building is 13.5 units and about 8,015 square feet, which puts replacement cost near $2,604,875 at $325 per square foot.
- Rent regulation. Los Angeles rent stabilization covers buildings built before 1979, which slows a rebuild and argues for 18 to 24 months of loss of rents.
- Market. One building sold here in the last six months, and that buyer inherited a policy that was probably wrong on at least one of the four gaps.
- Price. Older buildings across LA County are paying $1,500 to $2,500 per unit per year. What drives it.
What I would check first on a building in Venice (90291)
If you sent me an address here, I would start with the update history on roof, plumbing, electrical and panel, with dates and permits, because underwriters price documents rather than intentions. Then the ordinance and law limits, since 93% of the buildings here would have to be rebuilt to today's code. After that, the soft-story list, since any tuck-under parking in the City of LA needs a certificate before a carrier gets comfortable. Every one of those is public record, and checking them costs you nothing.
Nearby areas
The same public records for the areas next door.
- Torrance (90501) 366 buildings
- Hollywood Hills (90068) 296 buildings
- Mar Vista (90066) 833 buildings