NOT LISTED FOR SALE

201 Ruth Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,127,000 - $3,144,000

3 Beds
4 Baths
1,809 Sq Ft
$1,425/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $2,162,500 $1,195 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,717/month

49 Days on Market

Highlights

  • Central Heating
  • Broadway Elementary Rated A-
  • 1-minute walk to Ozone Park

About This Home

As of September 2016

Spectacular opportunity to purchase a turnkey investment property on a corner lot at the Venice/Santa Monica border. Move-in ready completely remodeled main house has a tranquil zen-like front yard, Viking Kitchen and a hot tub. Main house also features a fully remodeled mother in-law unit with high ceilings and a separate entrance. Two separate tenant occupied studios offers stable rental income. Property is officially in Venice, but the Santa Monica border is across the street-Ozone Park is your extended front yard. One block to the heart of Rose Avenue corridor (touted as "the next Abbott Kinney Blvd"), with fine dining, coffee shops, yoga, juice bars, etc. and Silicon Beach businesses. Conveniently located with beach access, close to the funky art scene and famous Venice Beach boardwalk. This income and live property is your gateway to a lifestyle of easygoing beach days, access to the world's tech and creative hub and an array of food, health and night time leisure activities.

Last Agent to Sell the Property

Rosemary Clubb

Salt Air Real Estate License #01378155 Listed on: 04/19/2016

Last Buyer's Agent

Rosemary Clubb

Salt Air Real Estate License #01378155 Listed on: 04/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,751

Year Built

  • Built in 1947

Lot Details

  • 4,151 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 1,809 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • 3 Covered Spaces
  • Assigned Parking

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-003-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,751

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1809
  • Stories: 2
  • Year Built: 1947
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.75
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 1213.38

Exterior Features

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

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Assigned, Garage - 3 Car
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Electric Expense: 100.00
  • Heating: Central, Wall
  • Water Expense: 95.00

Fee Information

  • Gas Expense: 25.00
  • Insurance Expense: 100.00
  • Trash Expense: 60.00

Lot Info

  • Assessed Improvement Value: 414060
  • Assessed Land Value: 969474
  • Assessor Parcel Number: 4240-003-018
  • Geocode Override: No
  • Lot Size Area: 4151

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 3
  • Total Annual Expense: 5460
  • Type Of Units: Triplex
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2016
Closed on
Aug 30, 2016
Sold by
201 Ruth Property Llc
Bought by
Moler Ronald K
Seller's Agent
Rosemary Clubb
Salt Air Real Estate
Buyer's Agent
Rosemary Clubb
Salt Air Real Estate
List Price
$2,195,000
Sold Price
$2,162,500
Premium/Discount to List
-$32,500
-1.48%
Current Estimated Value
$2,578,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,548
Avg. Annual Appreciation
2.56%
Original Mortgage
$967,950
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2014
Sold by
Israel Robert D and Israel Living Trust
Bought by
Garb Llc

Purchase Details

Listed on
Aug 10, 2012
Closed on
Nov 7, 2012
Sold by
Moler Ronald
Bought by
201 Ruth Property Llc
Seller's Agent
Carol Whitley
Hilton & Hyland
Buyer's Agent
Rosemary Clubb
Salt Air Real Estate
List Price
$1,095,000
Sold Price
$1,100,000
Premium/Discount to List
$5,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%

Purchase Details

Listed on
Aug 10, 2012
Closed on
Sep 5, 2012
Sold by
Isley Paul T
Bought by
Moler Ronald
Seller's Agent
Carol Whitley
Hilton & Hyland
Buyer's Agent
Rosemary Clubb
Salt Air Real Estate
List Price
$1,095,000
Sold Price
$1,100,000
Premium/Discount to List
$5,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2002
Sold by
Isley Paul T
Bought by
Isley Paul T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Moler Ronald K -- Title 365
Marias Martin B $2,162,500 Title 365
Garb Llc -- None Available
Israel Robert D $410,000 None Available
201 Ruth Property Llc -- None Available
Moler Ronald -- Equity Title Company
Isley Paul T -- Equity Title
Isley Paul T -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marias Martin B $895,000
Previous Owner Marias Martin B $967,950
Previous Owner Ruth Property Llc $350,000
Previous Owner Moler Ronald $715,000
Previous Owner Isley Paul T $423,000
Previous Owner Isley Paul T $420,000
Previous Owner Isley Paul T $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2016 09/14/16 Sold $2,162,500 -1.5% $1,195 / Sq Ft
04/19/2016 04/19/16 For Sale $2,195,000 +99.5% $1,213 / Sq Ft
10/01/2012 10/01/12 Sold $1,100,000 +0.5% $608 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $1,095,000 -- $605 / 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
2024 $29,751 $2,460,551 $2,048,091 $412,460
2023 $29,168 $2,412,306 $2,007,933 $404,373
2022 $27,801 $2,365,007 $1,968,562 $396,445
2021 $27,550 $2,318,635 $1,929,963 $388,672
2019 $26,719 $2,250,205 $1,872,720 $377,485
2018 $26,645 $2,206,090 $1,836,000 $370,090
2016 $16,977 $1,404,632 $984,258 $420,374
2015 $16,728 $1,383,534 $969,474 $414,060
2014 -- $1,104,993 $773,495 $331,498
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rosemary Clubb

    Salt Air Real Estate

    (310) 963-4017

    4 Total Sales

    Rosemary Clubb
    Section Image

  • C

    Seller's Agent in 2012

    Carol Whitley

    Hilton & Hyland

  • K

    Seller Co-Listing Agent in 2012

    Karen Nation

    Douglas Elliman

    Section Image
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Map

Source: The MLS

MLS Number: 16-116784

The MLS

APN: 4240-003-018

California Los Angeles County Venice 90291 Venice

201 Ruth Ave, Venice, CA

This home is located at 201 Ruth Ave, Venice, CA 90291 since 19 April 2016 and is currently estimated at $2,578,048, approximately $1,425 per square foot. This property was built in 1947. 201 Ruth Ave is a home located in Los Angeles County with nearby schools including Broadway Elementary, Westminster Avenue Elementary School, and Mark Twain Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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