Seller's Agent in 2025
Trevor Levin
Nourmand & Associates-BW
(310) 866-8738
6 in this area
57 Total Sales
1025 Pleasantview Ave Venice, CA 90291
Venice Neighborhood
8
Beds
7
Baths
2,801
Sq Ft
4,180
Sq Ft Lot
About This Home
As of May 20224.53% 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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,708
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 16, 2020
Sold by
N8 Properties Llc
Bought by
Sbk Cs Llc
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
Sbk Pv Llc
Bought by
Elijah Drew Llc
Purchase Details
Closed on
Apr 27, 2020
Sold by
Elijah Drew Llc
Bought by
58K Pv Llc
Purchase Details
Listed on
May 20, 2019
Closed on
Dec 23, 2019
Sold by
Riverdale 2233 Karka Llc
Bought by
N8 Properties Llc and Elijah Drew Llc
Seller's Agent
Alison Betts
Douglas Elliman of California, Inc.
Buyer's Agent
Chris Shahinian
The Agency
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
13.25%
Original Mortgage
$260,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 8, 2019
Sold by
Capritto Maria L and Estate Of Robert E Wolfe
Bought by
Riverdale 2233 Karka Llc
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
Luis J Marolo And Leona M Marolo Trust
Bought by
Luis J Marolo And Leona M Marolo Trust and Marolo
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,800,000 | Ticor Title Company | |
| Quit Claim Deed | -- | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | -- | Provident Title | |
| Grant Deed | $1,405,000 | Lawyers Title Company | |
| Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,685,000 | Construction | |
| Previous Owner | $260,000 | Commercial | |
| Previous Owner | $915,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $3,000,000 | -6.1% | $1,071 / Sq Ft |
| 08/11/2025 08/11/25 | Price Changed | $3,195,000 | -1.7% | $1,141 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $3,250,000 | +3.2% | $1,160 / Sq Ft |
| 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 |
| 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 Compared to Growth
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 | $39,708 | $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
-
Trevor Levin
-
Elijah Korobkin
Seller's Agent in 2022
Elijah Korobkin
Central Realty Advisors Inc
(323) 873-9332
2 in this area
13 Total Sales
-
Alison Betts
Seller's Agent in 2019
Alison Betts
Douglas Elliman of California, Inc.
(323) 309-3976
3 in this area
20 Total Sales
-
M
Seller Co-Listing Agent in 2019
Michael Hernandez
-
Chris Shahinian
Buyer's Agent in 2019
Chris Shahinian
The Agency
(818) 445-0247
13 Total Sales
Map
Source: The MLS
MLS Number: 22-141405
APN: 4239-017-026
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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