Angelo Fierro
Compass
(213) 277-2416
63 Total Sales
1 in Venice
$965,000 Price
Estimated Value: $2,980,079
4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing!
Last Agent to Sell the Property
Central Realty Advisors Inc License #01897085 Listed on: 03/30/2022
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Angelo Fierro
Compass
(213) 277-2416
63 Total Sales
1 in Venice
$965,000 Price
Rebecca Sekulich
Compass
(424) 367-1735
45 Total Sales
1 in Venice
$1,150,000 Price
Sebastian Wolski
Compass
(747) 246-7875
45 Total Sales
1 in Venice
$5,295,000 Price
Melissa Macfadyen
Compass
(424) 532-7583
24 Total Sales
1 in Venice
$1,400,000 Price
Mimi and Jon Torp
Compass
(833) 891-7228
23 Total Sales
1 in Venice
$1,700,000 Price
Donald Heller
Christie's International Real Estate SoCal
(424) 238-6571
112 Total Sales
7 in Venice
$1.9M - $3.3M Price Range
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,150,000 | Ticor Title | ||
| $1,800,000 | Ticor Title | ||
| -- | Accommodation | ||
| -- | None Available | ||
| -- | Provident Title | ||
| $1,405,000 | Lawyers Title Company | ||
| -- | None Listed On Document |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,186,000 | ||
| Previous Owner | $1,685,000 | ||
| Previous Owner | $260,000 | ||
| Previous Owner | $915,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/16/2022 05/16/22 | Sold | $3,150,000 | +1.6% | $1,125 / Sq Ft | |
| 05/15/2022 05/15/22 | Pending | -- | -- | -- | |
| 04/06/2022 04/06/22 | Price Changed | $3,100,000 | -3.1% | $1,107 / Sq Ft | |
| 03/30/2022 03/30/22 | For Sale | $3,200,000 | +93.9% | $1,142 / Sq Ft | |
| 12/25/2019 12/25/19 | For Sale | $1,650,000 | +17.4% | $589 / Sq Ft | |
| 12/25/2019 12/25/19 | Pending | -- | -- | -- | |
| 12/24/2019 12/24/19 | Sold | $1,405,000 | -14.8% | $502 / Sq Ft | View Prior Sale |
| 10/28/2019 10/28/19 | Pending | -- | -- | -- | |
| 08/29/2019 08/29/19 | Price Changed | $1,650,000 | -5.7% | $589 / Sq Ft | |
| 06/27/2019 06/27/19 | Price Changed | $1,750,000 | -12.3% | $625 / Sq Ft | |
| 05/20/2019 05/20/19 | For Sale | $1,995,000 | -- | $712 / Sq Ft |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $40,133 | $3,342,805 | $2,546,899 | $795,906 |
| 2024 | $39,708 | $3,277,260 | $2,496,960 | $780,300 |
| 2023 | $38,931 | $3,213,000 | $2,448,000 | $765,000 |
| 2022 | $21,791 | $1,836,000 | $1,632,000 | $204,000 |
| 2021 | $21,522 | $1,800,000 | $1,600,000 | $200,000 |
| 2020 | $17,227 | $1,405,000 | $1,200,000 | $205,000 |
| 2019 | $1,054 | $65,660 | $14,256 | $51,404 |
| 2018 | $999 | $64,374 | $13,977 | $50,397 |
| 2016 | $925 | $61,876 | $13,435 | $48,441 |
| 2015 | $914 | $60,948 | $13,234 | $47,714 |
| 2014 | $938 | $59,755 | $12,975 | $46,780 |
Seller's Agent in 2022
Elijah Korobkin
Central Realty Advisors Inc
(323) 873-9332
1 in this area
4 Total Sales
Buyer's Agent in 2022
Trevor Levin
Nourmand & Associates-BW
(310) 866-8738
4 in this area
48 Total Sales
Seller's Agent in 2019
Alison Betts
Douglas Elliman of California, Inc.
(323) 309-3976
3 in this area
28 Total Sales
M
Seller Co-Listing Agent in 2019
Michael Hernandez
Buyer's Agent in 2019
Chris Shahinian
Serhant California, Inc
(818) 445-0247
18 Total Sales
Source: The MLS
MLS Number: 22-141405
APN: 4239-017-026
Ask me questions while you tour the home.