NOT LISTED FOR SALE
2 Beds
5 Baths
2,510 Sq Ft
1,350 Sq Ft Lot

Last Sold April 29, 2020

Last sale price $645,000 $257 Per Sq Ft

70 Days on Market

About This Home

As of April 2020

Mixed units, 2 Stores and 3 Residential unit. 1025 and 1029 Venice Blvd are part of this property. All tenants are on month to month term. NOT in Historical zone Drive by only do NOT disturb the tenants Interior viewing after accepted offer.

Last Agent to Sell the Property

Peter Karami

Broker LA License #01726653 Listed on: 01/06/2020

Last Buyer's Agent

Gil Saraf

Compass License #01335931

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,647

Year Built

  • Built in 1890

Lot Details

  • 1,350

Interior Spaces

  • 2,510 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 5 Bathrooms

Additional Features

  • 1,350 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5135-032-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,647

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2510
  • Stories: 2
  • Year Built: 1890
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Price Per S Q F T: 276.89

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 110389
  • Assessed Land Value: 209738
  • Total Assessed Value: 320127
  • Assessor Parcel Number: 5135-032-013
  • Geocode Override: No
  • Lot Size Area: 1350

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.82
  • Number Of Units: 5
  • Total Annual Expense: 16000
  • Type Of Units: Apts & Store
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Apr 6, 2020
Sold by
Mpm Investment Llc
Bought by
Saba & Tata Llc
Seller's Agent
Peter Karami
Broker LA
Buyer's Agent
Gil Saraf
Compass
List Price
$695,000
Sold Price
$645,000
Premium/Discount to List
-$50,000
-7.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Outstanding Balance
$141,977
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 17, 2018
Sold by
1454 Toberman Street Llc
Bought by
Modirmassihai Shahrokh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Apr 28, 2012
Closed on
Aug 20, 2012
Sold by
Alvarez Asela and The Asela Alvarez Living Trust
Bought by
1454 Toberman Street Llc
Seller's Agent
Rachel & Doug Swardstrom Group
Coldwell Banker Realty
Buyer's Agent
Rachel & Doug Swardstrom Group
Coldwell Banker Realty
List Price
$339,888
Sold Price
$290,000
Premium/Discount to List
-$49,888
-14.68%

Purchase Details

Closed on
Feb 10, 2011
Sold by
Alvarez Asela and The Asela Alvarez Living Trust
Bought by
Alvarez Asela and The Asela Alvarez Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Saba & Tata Llc $1,590,000 Western Resources Title
Modirmassihai Shahrokh -- Old Republic Title
1454 Toberman Street Llc -- Accommodation
1454 Toberman Street Llc $140,000 Equity Title Orange County-I
Alvarez Asela -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saba & Tata Llc $159,000
Open Saba & Tata Llc $874,500
Previous Owner Modirmassihai Shahrokh $250,000
Previous Owner Alvarez Asela $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2020 04/29/20 Sold $645,000 -7.2% $257 / Sq Ft
04/02/2020 04/02/20 For Sale $695,000 0.0% $277 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/13/2020 03/13/20 Pending -- -- --
03/06/2020 03/06/20 Price Changed $695,000 -12.6% $277 / Sq Ft
03/06/2020 03/06/20 For Sale $795,000 0.0% $317 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $795,000 +174.1% $317 / Sq Ft
08/30/2012 08/30/12 Sold $290,000 -14.7% $116 / Sq Ft
08/17/2012 08/17/12 Pending -- -- --
04/28/2012 04/28/12 For Sale $339,888 -- $135 / 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 $8,647 $705,397 $546,820 $158,577
2024 $8,647 $691,567 $536,099 $155,468
2023 $8,486 $678,008 $525,588 $152,420
2022 $8,100 $664,715 $515,283 $149,432
2021 $7,989 $651,682 $505,180 $146,502
2020 $4,246 $326,528 $213,932 $112,596
2019 $4,086 $320,127 $209,738 $110,389
2018 $4,050 $313,851 $205,626 $108,225
2017 $3,967 $307,698 $201,595 $106,103
2016 $3,854 $301,666 $197,643 $104,023
2015 $3,801 $297,136 $194,675 $102,461
2014 $3,819 $291,316 $190,862 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-541116

The MLS

APN: 5135-032-013