$1,462,500
SOLD APR 24, 2015
2 Beds
2 Baths
1,428 Sq Ft
2,550 Sq Ft Lot

Recently Sold

$1,024 Per Sq Ft

2% Below List Price

395 Days on Market

Highlights

  • 3 Car Attached Garage
  • Venice High School Rated A
  • 1-Story Property

About This Home

As of February 2021

Back on market subject to buyer's cancellation of escrow. Front unit is now vacant! Prime location to shopping, dining and fun on Abbot Kinney Bvld. Front unit is a 645 sf ft 1 + 1 with fireplace, 95 sf ft loft, skylights, and Fuji soaking tub. Rear unit is a 783 sf ft studio with fireplace, 350 sf ft loft, hot tub, rear deck, finished two-car garage plus carport. Part of space is used for surf office and is cluttered. Buyer to cooperate in seller's 1031 exchange at no cost or liability to buyer.

Last Agent to Sell the Property

Betsy Goldman

Bulldog Realtors, Inc. License #01016611 Listed on: 01/27/2014

Last Buyer's Agent

Jennifer Hughes

Compass License #01440438

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,659

Year Built

  • Built in 1939

Interior Spaces

  • 1,428 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Car Attached Garage
  • Carport
  • On-Street Parking

Additional Features

  • 2,550 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4238-005-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,659

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1428
  • Stories: 1
  • Year Built: 1939
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 1050.42

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached, Carport, On street
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 28744
  • Assessed Land Value: 31020
  • Assessor Parcel Number: 4238-005-021
  • Geocode Override: No
  • Lot Size Area: 2550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: attached
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Feb 2, 2021
Sold by
1521 Cabrillo Llc
Bought by
Allen Amy
Seller's Agent
Amanda Robertson
Amanda Robertson
Buyer's Agent
Daria Greenbaum
Compass
List Price
$4,095,000
Sold Price
$3,950,000
Premium/Discount to List
-$145,000
-3.54%
Current Estimated Value
$3,871,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,860
Avg. Annual Appreciation
0.34%
Original Mortgage
$3,160,000
Outstanding Balance
$2,826,224
Interest Rate
2.43%
Mortgage Type
New Conventional
Estimated Equity
$1,184,935

Purchase Details

Closed on
Mar 21, 2019
Sold by
1521 Cabrillo Llc
Bought by
1521 Cabrillo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,717,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 3, 2019
Sold by
Siegel Lauren and Lauren Siegel Living Trust
Bought by
1521 Cabrillo Llc

Purchase Details

Listed on
Jan 27, 2014
Closed on
Apr 15, 2015
Sold by
Sirus Llc
Bought by
Siegel Lauren and Lauren Siegel Living Trust
Seller's Agent
Betsy Goldman
Bulldog Realtors, Inc.
Buyer's Agent
Jennifer Hughes
Compass
List Price
$1,500,000
Sold Price
$1,462,500
Premium/Discount to List
-$37,500
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$2,430,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2000
Sold by
Palmer Jeremy M
Bought by
Palmer Jeremy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
7.86%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $3,950,000 Lawyers Title Company
Grant Deed -- Old Republic Title
Quit Claim Deed -- Provident Title Company
Grant Deed $1,462,500 Lawyers Title
Interfamily Deed Transfer -- North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,160,000 New Conventional
Previous Owner $1,717,000 Construction
Previous Owner $2,430,000 Purchase Money Mortgage
Previous Owner $487,500 Unknown
Previous Owner $385,000 Stand Alone First
Previous Owner $35,000 Credit Line Revolving
Previous Owner $297,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $3,950,000 -3.5% $1,132 / Sq Ft
01/21/2021 01/21/21 For Sale $4,095,000 0.0% $1,174 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $4,095,000 +180.0% $1,174 / Sq Ft
04/24/2015 04/24/15 Sold $1,462,500 -2.5% $1,024 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
01/27/2014 01/27/14 For Sale $1,500,000 -- $1,050 / 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 $50,659 $4,275,605 $2,992,924 $1,282,681
2024 $50,659 $4,191,771 $2,934,240 $1,257,531
2023 $49,665 $4,109,580 $2,876,706 $1,232,874
2022 $47,330 $4,029,000 $2,820,300 $1,208,700
2021 $22,367 $1,874,196 $1,607,196 $267,000
2020 $19,471 $1,607,395 $1,277,515 $329,880
2019 $18,686 $1,575,882 $1,252,466 $323,416
2018 $18,625 $1,544,987 $1,227,908 $317,079
2016 $17,830 $1,484,803 $1,180,228 $304,575
2015 $878 $62,457 $32,418 $30,039
2014 -- $61,234 $31,783 $29,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-733247

The MLS

APN: 4238-005-021