NOT LISTED FOR SALE

Estimated Value: $2,088,000 - $2,413,000

6 Beds
5 Baths
3,830 Sq Ft
$590/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2023

Last sale price $2,170,000 $567 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $14,664 / mo

22 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Bike Trail
  • Venice High School Rated A
  • Living Room
  • 3-minute walk to Westminster Dog Park

About This Home

As of May 2023

Artistic lifestyle meets function with this impressive opportunity to acquire an authentic California multi-family residence featuring 3 separate units that offers unlimited live/workspace potential. Incomparable character and charm, with high ceilings and sun filled rooms—a mix of contemporary and traditional architectural design. The first unit offers two-bedrooms, one-bathroom plus a Loft, located on the ground floor with high ceilings and a small outdoor patio. The second unit, also on the ground floor, is a light filled, high ceilinged one-bedroom, one-bath. The third unit, on the second floor, includes three-bedrooms, 2.5 bathrooms with Southern facing windows, six skylights, original hardwood floors, sunroom, and small outdoor patio.
Situated in the highly desirable neighborhood of Venice Beach, California—a growing bastion of architecture and design with Google’s Venice Binoculars Building campus, Beyond Baroque Literary Arts Center, and Venice Public Art walls. Everything you want for today’s lifestyle is only minutes away—from gourmet restaurants, coffee shops, trendy shops and a Whole Foods to the ocean, Boardwalk, and bike paths one block away. The perfect moment to purchase a, one of a kind multi-purpose property in this highly sought-after area.

Last Agent to Sell the Property

Brian Sperry

Compass License #01478815 Listed on: 03/09/2023

Compass

Last Buyer's Agent

Ivan Londono

Smart Equity Realty Inc License #02158486

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 2,246 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Triplex
  • Entry on the 1st floor
  • Asphalt Roof

Interior Spaces

  • 3,830 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Ocean Views
  • Laundry in unit

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 76
  • Tax Tract Number 2734
  • Assessor Parcel Number 4286014045

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,285
  • Fuel Expense $4,639
  • Insurance Expense $4,765
  • Water Sewer Expense $1,280
  • New Taxes Expense $27,480
  • Operating Expense $42,449
  • Gross Income $121,800
  • Net Operating Income $79,351

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

2,246 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 3.46
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1280.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4286014045
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 566.58
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Ocean
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2246.00
  • Lot Size Acres: 0.0516

Rental Info

  • Tenant Pays: Other

Multi Family

  • Electric Expense: 4285.00
  • Fuel Expense: 4639.00
  • Gross Income: 121800.00
  • Gross Operating Income: 121200.00
  • Gross Scheduled Income: 121800.00
  • Insurance Expense: 4765.00
  • Lot Size Area: 2246.0000 Square Feet
  • Net Operating Income: 79351.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 42449.00
  • Rent Control: Yes
  • Total Actual Rent: 79200.00
  • Total Expenses: 42449.00

Tax Info

  • New Taxes Expense: 27480.00
  • Tax Census Tract: 2734.03
  • Tax Lot: 76
  • Tax Tract Number: 2734.0

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 9, 2023
Closed on
Apr 7, 2023
Sold by
Robinson-Kime Nancy Lynn
Bought by
Seller's Agent
Brian Sperry
Compass
Buyer's Agent
Ivan Londono
Smart Equity Realty Inc
List Price
$2,290,000
Sold Price
$2,170,000
Premium/Discount to List
-$120,000
-5.24%
Views
89
Current Estimated Value
$2,258,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,428
Avg. Annual Appreciation
1.22%

Purchase Details

Closed on
Oct 4, 2014
Sold by
Solomon Dorothy Patricia
Bought by
Starrett James Anthony and Solomon Dorothy Patricia

Purchase Details

Closed on
Jun 24, 1999
Sold by
Starrett James
Bought by
Solomon Dorothy Patricia

Purchase Details

Closed on
Apr 19, 1999
Sold by
Kisch Gloria
Bought by
Robinson Nancy and Solomon Dorothy Patricia
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

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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
$2,170,000 Equity Title Company
Starrett James Anthony -- None Available
Solomon Dorothy Patricia -- Southland Title Corporation
Robinson Nancy $495,000 Southland Title
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 $150,000
Previous Owner Robinson Nancy $438,000
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
05/22/2023 05/22/23 Sold $2,170,000 -5.2% $567 / Sq Ft
03/09/2023 03/09/23 For Sale $2,290,000 -- $598 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $27,158 $2,302,821 $1,772,217 $530,604
2025 $27,158 $2,257,668 $1,737,468 $520,200
2024 $26,867 $2,213,400 $1,703,400 $510,000
2023 $8,920 $731,240 $443,178 $288,062
2022 $8,508 $716,903 $434,489 $282,414
2021 $8,390 $702,847 $425,970 $276,877
2019 $8,136 $682,002 $413,337 $268,665
2018 $8,079 $668,631 $405,233 $263,398
2016 $7,707 $642,670 $389,499 $253,171
2015 $7,593 $633,018 $383,649 $249,369
2014 $7,630 $620,619 $376,134 $244,485
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23038240

California Regional Multiple Listing Service (CRMLS)

APN: 4286-014-045

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