NOT LISTED FOR SALE

1025 Pleasantview Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,980,079

8 Beds
7 Baths
2,801 Sq Ft
$1,064/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2022

Last sale price $3,150,000 $1,125 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $19,723 / mo

46 Days on Market

About This Home

As of May 2022

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

Elijah Korobkin

Central Realty Advisors Inc License #01897085 Listed on: 03/30/2022

Last Buyer's Agent

Trevor Levin

Nourmand & Associates-BW License #01897050

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 4,180 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 2,801 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-017-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

4,180 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2801
  • Lot Acreage: 0.0960
  • Price Per Unit: 1033333.33
  • Stories: 2
  • Year Built: 1977
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 1106.75

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 11.11
  • Assessed Improvement Value: 200000
  • Assessed Land Percent: 88.89
  • Assessed Land Value: 1600000
  • Total Assessed Value: 1800000
  • Assessor Parcel Number: 4239-017-026
  • Lot Size Area: 4180

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.73
  • Number Of Units: 3
  • Type Of Units: Apartments

Ownership History

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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Apr 26, 2022
Sold by
Bought by
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Trevor Levin
Nourmand & Associates-BW
List Price
$3,200,000
Sold Price
$3,150,000
Premium/Discount to List
-$50,000
-1.56%
Current Estimated Value
$2,980,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$169,921
Avg. Annual Appreciation
-1.31%
Original Mortgage
$1,186,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,685,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 1, 2020
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2020
Sold by
Bought by

Purchase Details

Listed on
May 20, 2019
Closed on
Dec 23, 2019
Sold by
Bought by
Seller's Agent
Alison Betts
Douglas Elliman of California, Inc.
Buyer's Agent
Chris Shahinian
Serhant California, Inc
List Price
$1,650,000
Sold Price
$1,405,000
Premium/Discount to List
-$245,000
-14.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%
Original Mortgage
$260,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2007
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

See All Agents

Purchase History

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
Source: Public Records

Mortgage History

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
Source: Public Records

Property History

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
Source: The MLS

Tax History

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
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 22-141405

The MLS

APN: 4239-017-026

Your Personal Tour Guide

Ask me questions while you tour the home.