NOT LISTED FOR SALE

Estimated Value: $1,504,000 - $2,206,000

3 Beds
2 Baths
1,453 Sq Ft
$1,267/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $1,689,000 $1,162 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $11,317/month

229 Days on Market

Highlights

  • Spa
  • City Lights View
  • Bungalow
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Wood Flooring
  • Shed

About This Home

As of July 2022

Priced to sell! One of the cheapest income properties in Venice! 1131-1133 Harrison Avenue is a tastefully renovated duplex located in the heart of world famous Venice, CA. Live in one and rent out the other! The property consists of one vacant 2+1 and one occupied 1+1. Each unit has been recently remodeled to include chef's kitchens and updated bathrooms. Additionally, each unit has its own laundry, garage parking, and private yards. The property is mostly plumbed in copper and has a newer roof. Featuring a stellar 90 walk score, Harrison Avenue is a walker's paradise and provides residents with many of the best things LA has to offer right outside their front door. The property is an 8-minute bike ride to the beach, a few blocks to the trendy Abbott Kinney Blvd shopping area, and is central to daily errands, including Erewhon Market, the weekly Venice Farmers Market, and Costco. Tenants with young children can walk their kids to Coeur d'Alene Avenue Elementary. Harrison Ave is very convenient to Santa Monica, Marina Del Rey, and major transportation corridors such as Lincoln Blvd and the 90 freeway. Major employers like Google, Loyola Marymount University, and LAX airport are also nearby. Harrison Ave is a trophy asset that would make a wonderful home and an excellent portfolio piece for any investor!

Last Agent to Sell the Property

Jordan Peikin

Jordan Peikin License #02015987 Listed on: 11/02/2021

Co-Listed By

Nathan Richards

Nathan Richards License #01748598

Last Buyer's Agent

Daniel Lipshutz

KW Westside Estates License #02115020

KW Westside Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 4,197 Sq Ft Lot
  • Lot Dimensions are 40x105
  • South Facing Home

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Major Repairs Completed

Interior Spaces

  • 1,453 Sq Ft Home
  • 1-Story Property
  • City Lights Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Fire Pit
  • Shed
  • Outdoor Grill

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4237-029-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1950 | Remodeled

Lot Details

4,197 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 1453
  • Lot Acreage: 0.0964
  • Lot Dimensions: 40x105
  • Property Condition: Updated/Remodeled, Repairs Major, Repair Cosmetic
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Fire Pit
  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Dryer, Washer, Refrigerator, Garbage Disposal, Dishwasher, Hood Fan, Range/Oven, Barbeque
  • Price Per S Q F T: 1162.42

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s)
  • Construction: Frame and Stucco
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas
  • Sewer: In Street
  • Water: In Street

Lot Info

  • Assessed Improvement Percent: 22.14
  • Assessed Improvement Value: 243784
  • Assessed Land Percent: 77.86
  • Assessed Land Value: 857541
  • Total Assessed Value: 1101325
  • Assessor Parcel Number: 4237-029-011
  • Lot Size Area: 4197

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 20.12
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Jun 28, 2022
Sold by
Ilene Richards
Bought by
Darling Rosemary
Seller's Agent
Jordan Peikin
Jordan Peikin
Buyer's Agent
Daniel Lipshutz
KW Westside Estates
List Price
$1,699,000
Sold Price
$1,689,000
Premium/Discount to List
-$10,000
-0.59%
Current Estimated Value
$1,841,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,669
Avg. Annual Appreciation
2.37%

Purchase Details

Closed on
Apr 2, 2007
Sold by
Hinkamp Louise Wianecki and Wianecki Henry
Bought by
Richards Ilene and Richards Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2000
Sold by
Wianecki Rita L
Bought by
Wianecki Rita L and Rita L Wianecki Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Darling Rosemary $1,689,000 Ticor Title
Richards Ilene $899,000 Southland Title
Wianecki Rita L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Ilene $719,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2022 07/07/22 Sold $1,689,000 0.0% $1,162 / Sq Ft
06/19/2022 06/19/22 Pending -- -- --
05/14/2022 05/14/22 Price Changed $1,689,000 -0.6% $1,162 / Sq Ft
04/25/2022 04/25/22 For Sale $1,699,000 0.0% $1,169 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/11/2022 04/11/22 Price Changed $1,699,000 -5.3% $1,169 / Sq Ft
03/30/2022 03/30/22 For Sale $1,795,000 0.0% $1,235 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $1,795,000 +6.3% $1,235 / Sq Ft
02/24/2022 02/24/22 Off Market $1,689,000 -- --
01/24/2022 01/24/22 Price Changed $1,795,000 -1.6% $1,235 / Sq Ft
01/12/2022 01/12/22 Price Changed $1,825,000 -3.9% $1,256 / Sq Ft
11/16/2021 11/16/21 Price Changed $1,899,000 -1.4% $1,307 / Sq Ft
11/02/2021 11/02/21 For Sale $1,925,000 -- $1,325 / Sq Ft
Source: The MLS

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 $20,807 $1,757,235 $1,560,600 $196,635
2024 $20,807 $1,722,780 $1,530,000 $192,780
2023 $20,400 $1,689,000 $1,500,000 $189,000
2022 $13,454 $1,134,988 $883,753 $251,235
2021 $13,288 $1,112,734 $866,425 $246,309
2019 $12,889 $1,079,731 $840,727 $239,004
2018 $12,820 $1,058,561 $824,243 $234,318
2016 $12,264 $1,017,458 $792,238 $225,220
2015 $12,083 $1,002,175 $780,338 $221,837
2014 $12,128 $982,545 $765,053 $217,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-101481

The MLS

APN: 4237-029-011

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