$1,775,000
$75K PRICE DROP

Estimated payment $11,540/month

Total Views 1,240
4 Beds
3 Baths
1,725 Sq Ft
$1,029 Price per Sq Ft

Highlights

  • Wood Flooring
  • Corner Lot
  • Balcony
  • Venice High School Rated A
  • Granite Countertops
  • Walk-In Closet

About This Home

Delightful Venice duplex in a quiet and convenient East of Lincoln neighborhood. The two unique buildings provide flexibility depending on your needs - live in one and rent out the other or rent them both. The front unit, 1632 Penmar, is a sunny 2 bedroom, 1 bath with a fenced yard with a raised veggie bed. The interior features a living room and open floor plan kitchen with breakfast bar and includes inside stacked washer/dryer. The back house, 1205 Appleton, is vacant and ready to go. It is a two story, 2 bedroom 2 bath. Downstairs is the living room, kitchen and bathroom. The spacious kitchen features granite countertops, stainless steel appliances, plenty of cabinets, and dining area. Upstairs is the primary suite with a full bathroom and walk in closet plus the 2nd bedroom. The second floor also features a stacked washer/dryer, private balcony, and plenty of windows. Off the kitchen is a large private fenced patio with a roomy storage shed, plenty of room for bikes, surfboards, shady outdoor yoga, or kid's play area. The property has new roofs and other upgrades. This amazing location is minutes to Penmar Park, Penmar golf course, shopping and dining at The Penmar and Zinque, Whole Foods, Rose Ave and Lincoln Blvd restaurants and shops, Santa Monica and of course, Venice beach. Walgrove Elementary is nearby with their amazing native plants and veggie garden. 3 parking.

Listing Agent

Janin Paine

Compass License #00926341 Listed on: 06/02/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,277

Year Built

  • Built in 1946

Lot Details

  • 3,840 Sq Ft Lot
  • Gated Home
  • Corner Lot

Home Design

  • Duplex
  • Split Level Home

Interior Spaces

  • 1,725 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Balcony
  • Open Patio
  • Shed

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4244-019-001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,277

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 1725
  • Lot Acreage: 0.0881
  • Year Built: 1946
  • Number Of Photos: 51
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Tile, Hardwood
  • Appliances: Gas
  • Bedrooms: 4
  • Bedroom Features: WalkInCloset
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
  • Price Per S Q F T: 1028.99

Exterior Features

  • Other Structures: Shed(s)
  • Patio: Patio Open, Balcony

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Uncovered, Driveway
  • Total Parking: 3

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall, Central
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 30.92
  • Assessed Improvement Value: 515518
  • Assessed Land Percent: 69.08
  • Assessed Land Value: 1151826
  • Total Assessed Value: 1667344
  • Assessor Parcel Number: 4244-019-001
  • Lot Location: Corner Lot
  • Lot Size Area: 3840

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.27
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 10000
  • Type Of Units: Duplex
  • Vacancy Rate: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $20,277 $1,667,344 $1,151,826 $515,518
2023 $19,884 $1,634,652 $1,129,242 $505,410
2022 $18,955 $1,602,600 $1,107,100 $495,500
2021 $15,041 $1,257,690 $929,597 $328,093
2019 $14,589 $1,220,388 $902,026 $318,362
2018 $14,534 $1,196,460 $884,340 $312,120
2016 $13,821 $1,142,937 $381,863 $761,074
2015 $6,231 $513,113 $376,128 $136,985
2014 $6,261 $503,063 $368,761 $134,302
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $1,775,000 -4.1% $1,029 / Sq Ft
06/02/2025 06/02/25 For Sale $1,850,000 +15.4% $1,072 / Sq Ft
09/23/2021 09/23/21 Sold $1,602,600 +1.8% $929 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $1,575,000 +37.0% $913 / Sq Ft
05/27/2016 05/27/16 Sold $1,150,000 -92.8% $533 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $15,999,000 -- $7,410 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- First American Mortgage Soluti
Grant Deed $1,603,000 Stewart Title
Interfamily Deed Transfer -- None Available
Grant Deed $1,150,000 Fidelity National Title Co
Grant Deed $337,000 United Title Company
Grant Deed $255,000 Progressive Title Company
Grant Deed -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,218,750 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $281,000 New Conventional
Previous Owner $125,000 Credit Line Revolving
Previous Owner $292,000 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $298,000 Unknown
Previous Owner $275,000 Unknown
Previous Owner $269,600 No Value Available
Previous Owner $50,000 Stand Alone Second
Previous Owner $204,000 No Value Available
Closed $25,500 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25541803

The MLS

APN: 4244-019-001