NOT LISTED FOR SALE

Estimated Value: $2,809,000 - $4,460,000

4 Beds
7 Baths
4,010 Sq Ft
$933/Sq Ft Est. Value

Last Sold June 11, 2013

Last sale price $2,275,000 $567 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $23,167/month

15 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Contemporary Architecture
  • Central Heating and Cooling System
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Wood Flooring
  • Granite Bathroom Countertops

About This Home

As of June 2013

Ocean views from both units in this quintessential beach living complex! The front unit is a 3 bed/3 bath light infused home, appx 2,450sq ft. Take the elevator up to the top floor- kitchen and living room w/ dark hardwood floors, open kitchen with a large eat in bar & marble fireplace. Go up to the roof top deck and check the surf. The second unit has 2 bed/2.5 bath and is appx 1350sq ft. with an inverted floor plan. Kitchen has elegant grey cabinets and black granite counters- open and bright, perfect entertaining! Both units have private access, separate, enclosed 2 car garages. #10 is LEASED until June 2014. #12 is LEASED until November 2014. Great investment opportunity in Venice!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/27/2013

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/27/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,415

Year Built

  • Built in 2007

Lot Details

  • 2,641

Parking

  • 4 Car Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,010 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 7 Bathrooms
  • Granite Bathroom Countertops

Additional Features

  • 2,641 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-019-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,415

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 4010
  • Stories: 3
  • Year Built: 2007
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 2
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Bathroom Features: Granite
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dishwasher, Elevator, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 598.50

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 2
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2

Lot Info

  • Assessed Improvement Value: 1167448
  • Assessed Land Value: 743850
  • Assessor Parcel Number: 4226-019-023
  • Geocode Override: No
  • Lot Size Area: 2641

Rental Info

  • Number Leased: 2

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.05
  • Number Of Units: 2
  • Rent Control: 0
  • Total Annual Expense: 25850
  • Type Of Units: Units
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2020
Sold by
Stovitz James E and Brenner James F
Bought by
Brenner James Franklin and Stovitz James Edward
Current Estimated Value
$3,740,666

Purchase Details

Listed on
Mar 27, 2013
Closed on
May 24, 2013
Sold by
Certain Kenneth M
Bought by
Stovitz James E and The James E Stovitz Living Trust
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,400,000
Sold Price
$2,275,000
Premium/Discount to List
-$125,000
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Mar 3, 2006
Sold by
Certain Kenneth M
Bought by
Certain Kenneth M and The Kenneth M Certain Revocable Trust

Purchase Details

Closed on
Oct 22, 2003
Sold by
Certain Ken and Certain Kenneth M
Bought by
Certain Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
3.12%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 7, 2002
Sold by
Flores Miguel Angelo
Bought by
Certain Kenneth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,500
Interest Rate
6.69%

Purchase Details

Closed on
Jan 8, 2002
Sold by
Rosete Patricia Llamas
Bought by
Flores Miguel Angelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brenner James Franklin -- Accommodation
Stovitz James E $2,275,000 Fidelity National Title Co
Certain Kenneth M -- None Available
Certain Ken -- Equity Title Company
Certain Kenneth M $698,000 Equity Title Company
Flores Miguel Angelo -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stovitz James E $910,000
Previous Owner Certain Kenneth M $1,896,850
Previous Owner Certain Kenneth M $1,888,600
Previous Owner Certain Kenneth M $1,760,000
Previous Owner Certain Kenneth M $1,700,000
Previous Owner Certain Ken $183,000
Previous Owner Certain Ken $632,000
Previous Owner Certain Kenneth M $35,400
Previous Owner Certain Kenneth M $523,500
Previous Owner Flores Miguel Angelo $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2013 06/11/13 Sold $2,275,000 -5.2% $567 / Sq Ft
04/11/2013 04/11/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $2,400,000 -- $599 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,415 $2,806,173 $2,216,567 $589,606
2024 $33,415 $2,751,151 $2,173,105 $578,046
2023 $32,764 $2,697,208 $2,130,496 $566,712
2022 $31,230 $2,644,322 $2,088,722 $555,600
2021 $30,844 $2,592,473 $2,047,767 $544,706
2020 $31,166 $2,565,891 $2,026,770 $539,121
2019 $29,912 $2,515,580 $1,987,030 $528,550
2018 $29,822 $2,466,256 $1,948,069 $518,187
2016 $28,517 $2,370,490 $1,872,424 $498,066
2015 $28,096 $2,330,988 $1,844,299 $486,689
2014 $28,131 $2,285,328 $1,808,172 $477,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-660699

The MLS

APN: 4226-019-023