NOT LISTED FOR SALE

1630 Electric Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,677,000 - $1,862,490

4 Beds
2 Baths
1,541 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $1,650,000 $1,071 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,083/month

305 Days on Market

Highlights

  • City Lights View
  • Fireplace in Bathroom
  • Living Room with Attached Deck
  • Broadway Elementary Rated A
  • Wood Flooring
  • 4-minute walk to Centennial Park

About This Home

As of February 2022

Property is vacant. Go Direct. This 1955 Venice beach duplex with detached 2 car garage offers both the potential for development or continued rental income. The property is in good condition, updated roughly 8 years ago, with the option of turning the detached two car garage into an ADU. The property is located a short 1/2 block off Abbot Kinney on a quiet one-way street. Buyer to verify all information to satisfy any development plans.

Last Agent to Sell the Property

Marcus Miceli

Initiate Realty, Inc. License #01439068 Listed on: 03/19/2021

Last Buyer's Agent

Cynthia Gargiulo

License #01314696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 3,875 Sq Ft Lot
  • West Facing Home
  • Gated Home
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,541 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vertical Blinds
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Storage
  • City Lights Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas Cooktop
  • Freezer
  • Corian Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Outdoor Grill
  • Front Porch

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water
  • Assessor Parcel Number 4241-013-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

3,875 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Building Permit: Yes
  • Entry Location: Main Level
  • Living Area: 1541
  • Lot Acreage: 0.0890
  • Property Condition: Repair Cosmetic
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Storage Space, Tandem, Living Room Deck Attached
  • Number Carpet: 2
  • Number Disposal: 2
  • Fireplace Rooms: Bath, Family Room, Kitchen, Patio
  • Flooring: Wood, Laminate
  • Appliances: Cooktop - Gas
  • Bedrooms: 4
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Corian Counters
  • Laundry: Garage
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins, Cable, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1134.98
  • Windows: Vertical Blinds

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: Barbecue Private
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 2
  • Patio: Deck(s), Porch - Front, Porch - Rear
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage Is Detached
  • Total Parking: 2

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Gas
  • Heating: Wall Gas
  • Security: Gated
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Additions Alterations: Yes
  • Assessed Improvement Percent: 21.30
  • Assessed Improvement Value: 277281
  • Assessed Land Percent: 78.7
  • Assessed Land Value: 1024252
  • Total Assessed Value: 1301533
  • Assessor Parcel Number: 4241-013-027
  • Lot Location: City
  • Lot Size Area: 3875

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.70
  • Number Of Units: 2
  • Type Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2022
Sold by
Gargiulo Rudy and Gargiulo Cynthia
Bought by
Rudy And Cynthia Gargiulo Living Trust and Titina Gargiulo Living Trust
Current Estimated Value
$1,777,123

Purchase Details

Listed on
Mar 19, 2021
Closed on
Jan 28, 2022
Sold by
Shafer Family Trust and Shafer Anthony D
Bought by
Gargiulo Rudy and Gargiulo Cynthia
Seller's Agent
Marcus Miceli
Initiate Realty, Inc.
Buyer's Agent
Cynthia Gargiulo
List Price
$1,749,000
Sold Price
$1,650,000
Premium/Discount to List
-$99,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%
Original Mortgage
$1,243,050
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2014
Sold by
Shafer Anthony D and Shafer Lisa K
Bought by
Shafer Family Trust

Purchase Details

Closed on
Feb 27, 2008
Sold by
Zajfen Julian and Zajfen Del Deo
Bought by
Shafer Anthony D and Shafer Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2005
Sold by
Wiltsey Joan E and Heiden Morris G
Bought by
Zajfen Julian and Zajfen Del Deo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$839,200
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2005
Sold by
Wiltsey Joan E and The Declaration Of Trust By Wa
Bought by
Wiltsey Joan E and Heiden Morris G
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
Rudy And Cynthia Gargiulo Living Trust -- None Listed On Document
Rudy And Cynthia Gargiulo Living Trust -- None Listed On Document
Gargiulo Rudy $1,650,000 First American Title Company O
Gargiulo Rudy $1,650,000 First American Title Company O
Shafer Family Trust -- None Available
Shafer Family Trust -- None Available
Shafer Anthony D $1,150,000 Southland Title Company
Shafer Anthony D $1,150,000 Southland Title Company
Zajfen Julian $1,049,000 Fidelity Van Nuys
Zajfen Julian $1,049,000 Fidelity Van Nuys
Wiltsey Joan E -- --
Wiltsey Joan E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gargiulo Rudy $1,243,050
Previous Owner Shafer Anthony D $700,000
Previous Owner Zajfen Julian $839,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2022 02/16/22 Sold $1,650,000 -5.7% $1,071 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
12/07/2021 12/07/21 For Sale $1,749,000 0.0% $1,135 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $1,749,000 0.0% $1,135 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $1,749,000 0.0% $1,135 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/30/2021 08/30/21 Price Changed $1,749,000 -2.8% $1,135 / Sq Ft
08/23/2021 08/23/21 Price Changed $1,798,999 0.0% $1,167 / Sq Ft
04/30/2021 04/30/21 For Sale $1,799,000 0.0% $1,167 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $1,799,000 -- $1,167 / 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 $20,821 $1,750,993 $1,591,812 $159,181
2024 $20,821 $1,716,660 $1,560,600 $156,060
2023 $20,416 $1,683,000 $1,530,000 $153,000
2022 $16,820 $1,423,411 $1,120,167 $303,244
2021 $16,615 $1,395,502 $1,098,203 $297,299
2019 $16,114 $1,354,113 $1,065,631 $288,482
2018 $16,040 $1,327,563 $1,044,737 $282,826
2016 $15,346 $1,276,014 $1,004,169 $271,845
2015 $15,120 $1,256,848 $989,086 $267,762
2014 $15,172 $1,232,229 $969,712 $262,517
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marcus Miceli

    Initiate Realty, Inc.

    (310) 741-8342

    1 in this area

    33 Total Sales

    Marcus Miceli
    Section Image

  • C

    Buyer's Agent in 2022

    Cynthia Gargiulo

See All Agents

Map

Source: The MLS

MLS Number: 21-704808

The MLS

APN: 4241-013-027

California Los Angeles County Venice 90291 Venice

1630 Electric Ave, Venice, CA

Not Listed for Sale

MultiFamily

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