NOT LISTED FOR SALE

Estimated Value: $2,557,960 - $2,931,000

3 Beds
5 Baths
2,712 Sq Ft
$1,022/Sq Ft Est. Value

Last Sold November 10, 2022

Last sale price $2,386,000 $880 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,942/month

81 Days on Market

Highlights

  • Living Room with Fireplace
  • Engineered Wood Flooring
  • Laundry Room
  • Venice High School Rated A
  • Spanish Architecture
  • 3-minute walk to Westminster Dog Park

About This Home

As of November 2022

Venice is truly one of a kind! This is an incredible opportunity to purchase a property in one of the most sought-after beach communities in the country. Venice Beach is world-famous for its boardwalk, skate park, and Windward Circle, and this property is just a block and a half from all the action. The Venice Canals is also nearby, making this an ideal location for those who want to be close to all the best that Venice has to offer. This multifamily property is listed as having three units, but there are four live-work flats within the compound. One of the units will be delivered vacant, so there is potential for income from the other units. This is a great opportunity to own real estate in a beach community. The two front-facing units consist of a downstairs 1 bedroom/1 bath unit with high ceilings, white travertine tile flooring throughout and a spacious lush outdoor private garden patio. The upstairs unit offers 2 bedrooms/2 baths, with a quaint balcony. This unique space includes a gas-burning fireplace, seven skylights, automatic blackout shades, travertine tiles in the bathrooms and kitchen. The back units include an upstairs large studio + 1 bath with high ceilings, piano finish laminate flooring, and travertine floors in the kitchen and bathroom. There is also its own balcony. The lower back unit is 1 bedroom/1 bath and will be delivered vacant. This trophy property was built in the 70s and retains its unique Venice vibe and architectural charm. There is loads of character and privacy. All kitchens have been updated, and three of the five bathrooms have been updated. The whole building has rooftop access, enjoy the Venice sunsets and add your personal touches to complete the vibe. Parking is a premium in Venice, but this property comes with three parking spaces. Don't miss out on this incredible opportunity! Call us today to schedule a showing.

Last Agent to Sell the Property

Toni Patillo

eXp Realty of California Inc License #01313287 Listed on: 07/28/2022

eXp Realty of California Inc

Last Buyer's Agent

Rosaliano Mendez

Excellence Real Estate License #01999709

Excellence Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 3,000 Sq Ft Lot
  • North Facing Home
  • Gated Home

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,712 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Laminate
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 3 Parking Spaces
  • 3 Attached Carport Spaces

Utilities

  • Radiant Heating System

Community Details

  • 4 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, electricity
  • Assessor Parcel Number 4286-013-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 2712
  • Lot Acreage: 0.0689
  • Probate: No
  • Stories: 2
  • Year Built: 1973
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 2
  • Number Disposal: 4
  • Fireplace Rooms: Gas, Living Room
  • Flooring: Engineered Hardwood, Laminate, Travertine
  • Bedrooms: 3
  • Common Walls: Attached
  • Laundry: Community, Outside, Laundry Area
  • Total Bathrooms: 5.00
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 884.59

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Number Patio: 3
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking: 3
  • Number Rented Garages: 1
  • Parking Garage: Carport Attached
  • Total Parking: 3

Utilities

  • Heating: Radiant
  • Number Gas Meters: 4
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 18.37
  • Assessed Improvement Value: 266308
  • Assessed Land Percent: 81.63
  • Assessed Land Value: 1183608
  • Total Assessed Value: 1449916
  • Assessor Parcel Number: 4286-013-012
  • Lot Size Area: 3000

Rental Info

  • Number Leased: 0
  • Owner Pays: Water, Electricity
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.03
  • Number Of Units: 4
  • Number Wall A C: 0
  • Type Of Units: 4

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2025
Sold by
Ruano Maury
Bought by
Ruano Maury and Magaraci Maya
Current Estimated Value
$2,771,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,551,250
Outstanding Balance
$1,545,746
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$1,225,994

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 18, 2022
Sold by
La Casa Divina Llc
Bought by
Ruano Maury
Seller's Agent
Toni Patillo
eXp Realty of California Inc
Buyer's Agent
Rosaliano Mendez
Excellence Real Estate
List Price
$2,433,000
Sold Price
$2,386,000
Premium/Discount to List
-$47,000
-1.93%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$1,107,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2020
Sold by
Merrill Christopher
Bought by
La Casa Divina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2010
Sold by
Standring Mark
Bought by
Merrill Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2005
Sold by
Wolf Stephen E
Bought by
Standring Mark and Standring Gila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2001
Sold by
Light Linda
Bought by
Wolf Stephen E and Lee Althea Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
6.75%

Purchase Details

Closed on
May 14, 1998
Sold by
Rudinski Sandra
Bought by
Light Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
7.13%

Purchase Details

Closed on
Jun 5, 1995
Sold by
Light Linda
Bought by
Light Linda and Rudinski Sandra

Purchase Details

Closed on
Mar 17, 1995
Sold by
Emc Mtg Corp
Bought by
Light Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.85%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Aug 26, 1994
Sold by
Bakhtian Shirin
Bought by
Great Western Bank Fsb
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
Ruano Maury -- First American Title Company
Ruano Maury $2,386,000 Fidelity National Title
La Casa Divina Llc -- Equity Title Orange County
Merrill Christopher $1,225,000 Advantage Title Inc
Standring Mark $1,325,000 Southland Title
Wolf Stephen E $535,000 Southland Title
Light Linda -- Southland Title Corporation
Light Linda -- Southland Title Corporation
Light Linda -- Old Republic Title
Light Linda $220,000 Chicago Title Company
Emc Mtg Corp $207,500 Chicago Title Insurance Co
Great Western Bank Fsb $187,524 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruano Maury $1,551,250
Previous Owner Ruano Maury $1,107,000
Previous Owner La Casa Divina Llc $1,470,000
Previous Owner Merrill Christopher $918,750
Previous Owner Standring Mark $981,000
Previous Owner Wolf Stephen E $428,000
Previous Owner Light Linda $262,500
Previous Owner Light Linda $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $2,386,000 -0.5% $880 / Sq Ft
10/17/2022 10/17/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $2,399,000 -1.4% $885 / Sq Ft
07/28/2022 07/28/22 For Sale $2,433,000 -- $897 / 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 $29,557 $2,482,394 $1,872,720 $609,674
2024 $29,557 $2,433,720 $1,836,000 $597,720
2023 $28,981 $2,386,000 $1,800,000 $586,000
2022 $17,598 $1,478,914 $1,207,280 $271,634
2021 $17,377 $1,449,916 $1,183,608 $266,308
2020 $17,557 $1,435,050 $1,171,472 $263,578
2019 $16,856 $1,406,912 $1,148,502 $258,410
2018 $16,781 $1,379,327 $1,125,983 $253,344
2016 $16,044 $1,325,767 $1,082,260 $243,507
2015 $15,809 $1,305,854 $1,066,004 $239,850
2014 $15,869 $1,280,275 $1,045,123 $235,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-177011

The MLS

APN: 4286-013-012