$2,000,000
SOLD DEC 30, 2016
7 Beds
6 Baths
3,216 Sq Ft
2,642 Sq Ft Lot

Recently Sold

$622 Per Sq Ft

13% Below List Price

2 Days on Market

Highlights

  • Attached Carport
  • Venice High School Rated A
  • 3-minute walk to Windward Plaza

About This Home

As of December 2016

Unit #A is currently vacant. Unit #B & #C are on a month to month lease.

Last Agent to Sell the Property

Susan Bernard

RE/MAX Alliance Group License #01757344 Listed on: 10/30/2016

RE/MAX Alliance Group

Last Buyer's Agent

Susan Bernard

RE/MAX Alliance Group License #01757344 Listed on: 10/30/2016

RE/MAX Alliance Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,414

Year Built

  • Built in 1966

Home Design

  • 3,216 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Parking Spaces
  • Attached Carport

Additional Features

  • Disposal
  • 2,642 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-012-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,414

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3216
  • Year Built: 1966
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 715.17

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 3

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 226351
  • Assessed Land Value: 2283353
  • Assessor Parcel Number: 4226-012-006
  • Geocode Override: No
  • Lot Size Area: 2642

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 3.00
  • Number Of Units: 3
  • Rent Control: Yes
  • Total Annual Expense: 59000
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2021
Sold by
Venice Beach Bebe Llc
Bought by
Hickerson Glenn L and Hickeson Living Trust
Current Estimated Value
$2,767,000

Purchase Details

Closed on
Aug 17, 2020
Sold by
Ledoux Bruno
Bought by
Venice Beach Bebe Llc

Purchase Details

Closed on
Jun 7, 2019
Sold by
Venice Beach Bebe Llc
Bought by
Ledoux Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,410,000
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2019
Sold by
Ledoux Bruno
Bought by
Venice Beach Bebe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,410,000
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 30, 2016
Closed on
Nov 22, 2016
Sold by
11 20Th Avenue Llc
Bought by
Venice Beach Bebe Llc
Seller's Agent
Susan Bernard
RE/MAX Alliance Group
Buyer's Agent
Susan Bernard
RE/MAX Alliance Group
List Price
$2,300,000
Sold Price
$2,000,000
Premium/Discount to List
-$300,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%

Purchase Details

Closed on
Aug 29, 2011
Sold by
Wright Larry
Bought by
1120Th Avenue Llc

Purchase Details

Closed on
Aug 11, 2006
Sold by
Madera David
Bought by
Wright Larry

Purchase Details

Closed on
May 26, 2005
Sold by
Oldfield Andrew M and Kirk Diane J
Bought by
Madera David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,750
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 4, 2005
Sold by
Oldfield Andrew M and The Effie M Oldfield Revocable
Bought by
Oldfield Andrew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,750
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Grant Deed $2,565,000 Equity Title Company
Grant Deed -- None Available
Grant Deed -- First American Title
Grant Deed -- First Amer Ttl Co Los Angele
Grant Deed -- First Amer Ttl Co Los Angele
Grant Deed $2,000,000 Fidelity Sherman Oaks
Grant Deed -- None Available
Grant Deed $2,217,500 Chicago Title Co
Grant Deed $1,325,000 Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,000,000 Construction
Previous Owner $400,000 Commercial
Previous Owner $1,410,000 Commercial
Previous Owner $318,700 Credit Line Revolving
Previous Owner $993,750 Fannie Mae Freddie Mac
Previous Owner $600,537 Unknown
Closed $198,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $2,000,000 -13.0% $622 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/30/2016 10/30/16 For Sale $2,300,000 -- $715 / 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 $32,414 $2,721,785 $2,177,598 $544,187
2024 $32,414 $2,668,417 $2,134,900 $533,517
2023 $31,782 $2,616,096 $2,093,040 $523,056
2022 $30,295 $2,564,800 $2,052,000 $512,800
2021 $31,004 $2,606,303 $2,112,662 $493,641
2020 $25,843 $2,123,835 $2,069,355 $54,480
2019 $24,805 $2,082,220 $2,028,780 $53,440
2018 $24,722 $2,041,420 $1,989,000 $52,420
2016 $30,186 $2,509,704 $2,283,353 $226,351
2015 $29,741 $2,472,006 $2,249,055 $222,951
2014 $29,834 $2,423,584 $2,205,000 $218,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-176888

The MLS

APN: 4226-012-006