NOT LISTED FOR SALE

Estimated Value: $2,102,000 - $2,973,457

5 Beds
4 Baths
2,160 Sq Ft
$1,176/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $1,630,000 $755 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $15,186/month

128 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Coffered Ceiling
  • Venice High School Rated A
  • Galley Kitchen
  • 3-minute walk to Westminster Dog Park

About This Home

As of March 2016

Just steps from the sand, this Venice beach duplex is in a prime location across the street from Abbot Kinney. The split-level floorplan with 1907 Craftsman charm is rental-ready. Tons of upside potential! The first level features 2 beds, 1 bath with hardwood floors and cheerful details throughout, such as a brick mantle, formal dinning room, and wood-paneling, and built in storage solutions. The large sunroom off the front porch is filled with natural light. The upstairs unit provides great income potential with three separate rooms each having their own bathroom and kitchenette. The flexible setup has live/rent potential for vacation, long-term, or short-term stays. Onsite laundry hookups are located in the basement and three car parking off the rear alley. Central to the ocean, Abbot Kinney, Rose Corridor, Santa Monica & Marina del Rey,this beautiful home offers a variety of opportunities andis sure to attract those in search of quintessential Venice living!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 09/23/2015

Last Buyer's Agent

Bailee Barnett

Pacific Sotheby's Int'l Realty License #02120144

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 2,242 Sq Ft Lot

Home Design

  • Duplex
  • Bungalow
  • Brick Exterior Construction
  • Raised Foundation
  • Wood Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Coffered Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Wood Flooring
  • Partial Basement
  • Gas Dryer Hookup
  • Property Views

Kitchen

  • Galley Kitchen
  • Kitchenette
  • Oven or Range
  • Tile Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Floor Furnace
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-014-041

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 2160
  • Stories: 2
  • Year Built: 1908
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Basement - Partial, Built-Ins, Coffered Ceiling(s), Living Room Deck Attached
  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Hardwood
  • Appliances: Gas
  • Bedrooms: 5
  • Kitchen Features: Galley Kitchen, Kitchenette, Tile Counters
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
  • Price Per S Q F T: 824.07

Exterior Features

  • Construction: Brick, Wood Siding
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • View: Yes

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Floor Furnace
  • Sewer: In Street

Fee Information

  • Insurance Expense: 756.00

Lot Info

  • Assessor Parcel Number: 4286-014-041
  • Geocode Override: No
  • Lot Size Area: 2242

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.06
  • Number Of Units: 2
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 23125.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
Feb 4, 2016
Sold by
Mueller Monika
Bought by
Romero Gloria J
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Bailee Barnett
Pacific Sotheby's Int'l Realty
List Price
$1,850,000
Sold Price
$1,630,000
Premium/Discount to List
-$220,000
-11.89%
Current Estimated Value
$2,539,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$909,364
Avg. Annual Appreciation
4.62%
Original Mortgage
$700,000
Outstanding Balance
$555,111
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,984,253

Purchase Details

Closed on
Nov 18, 2005
Sold by
Mueller Monika
Bought by
Mueller Monika and Mueller Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2001
Sold by
Mueller Monika
Bought by
Mueller Monika and Mueller Revocable Trust

Purchase Details

Closed on
Dec 13, 2000
Sold by
Kennedy William A
Bought by
Mueller Monika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,100
Interest Rate
7.54%

Purchase Details

Closed on
Aug 28, 1998
Sold by
Brooks Avenue
Bought by
Kennedy William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,817
Interest Rate
6.71%
Mortgage Type
FHA
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
Romero Gloria J $1,630,500 Fidelity National Title Co
Mueller Monika -- --
Mueller Monika -- Progressive Title Company
Mueller Monika -- --
Mueller Monika $479,000 Equity Title Company
Kennedy William A $219,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Gloria J $700,000
Previous Owner Mueller Monika $575,000
Previous Owner Mueller Monika $431,100
Previous Owner Kennedy William A $211,817
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2016 03/15/16 Sold $1,630,000 -11.9% $755 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
09/23/2015 09/23/15 For Sale $1,850,000 -- $856 / 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 $22,883 $1,929,937 $1,693,181 $236,756
2024 $22,883 $1,892,096 $1,659,982 $232,114
2023 $22,436 $1,854,997 $1,627,434 $227,563
2022 $21,384 $1,818,625 $1,595,524 $223,101
2021 $21,121 $1,782,967 $1,564,240 $218,727
2019 $20,481 $1,730,086 $1,517,845 $212,241
2018 $20,416 $1,696,164 $1,488,084 $208,080
2016 $7,447 $609,704 $496,424 $113,280
2015 $7,339 $600,547 $488,968 $111,579
2014 $7,372 $588,784 $479,390 $109,394
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-944489

The MLS

APN: 4286-014-041