NOT LISTED FOR SALE

1302 Pacific Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,853,000 - $2,492,000

2 Beds
4 Baths
2,048 Sq Ft
$1,065/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $1,775,000 $867 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $13,264/month

1 Day on Market

Highlights

  • Wood Flooring
  • West Facing Home
  • 1-minute walk to Westminster Dog Park
  • Venice High School Rated A

About This Home

As of May 2020

Just a block away from the beach on the corner of Westminster and Pacific sits a beautifully maintained, fully occupied four-plex. This quadruplex is steps away from Abbot Kinney Blvd and features many of the authentic details including claw-foot tubs, period built-ins, original hardwood floors and walls of windows throughout each unit. Consisting of two 1 bed, 1 bath units and two studio singles, this cannot be missed. 3 parking spaces (and 1 additional spot for a motor scooter) are rented separately, which generates extra income. This professionally maintained building is on the market for the first time in 50 years, and with great upside potential is perfect for a 1031 investor!

Last Agent to Sell the Property

Penny Muck

Pardee Properties License #01820065 Listed on: 03/16/2020

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,279 Sq Ft Lot
  • West Facing Home

Interior Spaces

  • 2,048 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4238-011-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Just a block away from the beach on the corner of Westminster and Pacific sits a beautifully maintained, fully occupied four-plex. This quadruplex has been well maintained and features many of the authentic details including claw-foot tubs, period built-ins, original hardwood floors and walls of windows throughout each unit. Consisting of two 1 bed, 1 bath units and two studio singles, this cannot be missed. 3 parking spaces are rented separately, which generates extra income. This professionally maintained building is on the market for the first time in over 50 years, and with great upside potential is perfect for a 1031 investor!
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2048
  • Probate: No
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 910.64

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 3
  • Garage Structures: 0
  • Total Parking: 3

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 4238-011-001
  • Geocode Override: No
  • Lot Size Area: 2279

Rental Info

  • Garage Rental Rate: 0
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartments

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Mar 25, 2020
Sold by
Tomeoni Thomas and Vania Tomeoni Revocable Inter
Bought by
Pc20 Llc
Seller's Agent
Penny Muck
Pardee Properties
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$1,865,000
Sold Price
$1,775,000
Premium/Discount to List
-$90,000
-4.83%
Current Estimated Value
$2,180,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,174
Avg. Annual Appreciation
3.67%
Original Mortgage
$1,260,000
Interest Rate
3.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pc20 Llc $1,775,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pc20 Llc $1,260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $1,775,000 -4.8% $867 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $1,865,000 -- $911 / 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 $23,182 $1,941,219 $1,640,468 $300,751
2024 $23,182 $1,903,156 $1,608,302 $294,854
2023 $22,733 $1,865,840 $1,576,767 $289,073
2022 $21,673 $1,829,255 $1,545,850 $283,405
2021 $21,410 $1,793,389 $1,515,540 $277,849
2020 $1,348 $84,919 $50,411 $34,508
2019 $1,307 $83,260 $49,423 $33,837
2018 $1,268 $81,633 $48,454 $33,179
2016 $1,197 $78,234 $46,573 $31,661
2015 $1,183 $77,060 $45,874 $31,186
2014 $1,216 $75,552 $44,976 $30,576
Source: Public Records

Agents Affiliated with this Home

  • Penny Muck

    Seller's Agent in 2020

    Penny Muck

    Pardee Properties

    (310) 266-9946

    19 in this area

    57 Total Sales

    Penny Muck
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2020

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    231 in this area

    850 Total Sales

    Tamra Pardee
    Section Image
  • Katie Pardee

    Buyer Co-Listing Agent in 2020

    Katie Pardee

    Pardee Properties

    (978) 290-2412

    8 in this area

    44 Total Sales

    Katie Pardee
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-563148

The MLS

APN: 4238-011-001

California Los Angeles County Venice 90291 Venice

1302 Pacific Ave, Venice, CA

Not Listed for Sale

MultiFamily

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