Seller's Agent in 2019
David Solomon
Douglas Elliman of California, Inc.
(310) 633-4922
16 in this area
160 Total Sales
2011 Ocean Front Walk Venice, CA 90291
Venice NeighborhoodEstimated Value: $4,559,970
4
Beds
4
Baths
2,248
Sq Ft
$2,028/Sq Ft
Est. Value
Highlights
- Side by Side Parking
- Guest Parking
- 3-minute walk to Windward Plaza
- Venice High School Rated A
- Central Heating and Cooling System
About This Home
As of December 2019A truly unique opportunity to own a Venice landmark, on the world-famous Venice Beach boardwalk. Irreplaceable mixed-use restaurant and residential building on the southern end of the boardwalk commercial zone located right by the parking lot, paddle tennis courts, and muscle beach. Currently operated as Jody Maroni's Sausage Kingdom and the well-known poke restaurant, Poke-Poke, this property is in one of the most highly concentrated foot traffic areas of Ocean Front Walk. The restaurant encompasses the entire first floor and includes a full kitchen with two walk-ins and ample dry storage. The upstairs offers a panoramic ocean view residence comprised of 2 bedrooms and 2 bathrooms perfect for rental income. 3 parking spaces are located behind the building. This is a once in a life time chance that you do not want to miss out on!
Last Agent to Sell the Property
Douglas Elliman of California, Inc. License #01386406 Listed on: 07/19/2019
Last Buyer's Agent
OUT OF AREA
License #00000000
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 2,520
Interior Spaces
- 2,248 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Private Parking
- Side by Side Parking
- Guest Parking
- Uncovered Parking
Additional Features
- 2,520 Sq Ft Lot
- Central Heating and Cooling System
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 4226-013-004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2019
Closed on
Dec 17, 2019
Sold by
2011 Ocean Park Llc
Bought by
Dream One Llc
Seller's Agent
David Solomon
Douglas Elliman of California, Inc.
Buyer's Agent
OUT OF AREA
List Price
$3,990,000
Sold Price
$3,875,000
Premium/Discount to List
-$115,000
-2.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$684,970
Avg. Annual Appreciation
2.69%
Original Mortgage
$3,600,000
Interest Rate
3.7%
Mortgage Type
Small Business Administration
Purchase Details
Listed on
Jul 19, 2019
Closed on
Oct 28, 2019
Sold by
2011 Ocean Park Llc
Bought by
Dream One Llc
Seller's Agent
David Solomon
Douglas Elliman of California, Inc.
Buyer's Agent
OUT OF AREA
List Price
$3,990,000
Sold Price
$3,875,000
Premium/Discount to List
-$115,000
-2.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,600,000
Interest Rate
3.7%
Mortgage Type
Small Business Administration
Purchase Details
Closed on
Mar 2, 2018
Sold by
Monkarsh David Howard
Bought by
2011 Ocean Park Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
4.22%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 22, 2005
Sold by
Kimmel Fredric B and The Monkarsh Family Trust
Bought by
Monkarsh Jordan Allan and The Monkarsh Family Trust
Purchase Details
Closed on
Jul 12, 2004
Sold by
Monkarsh Max A and Kimmel Fredric B
Bought by
Monkarsh Jordan Allan and Jordan Allan Monkarsh 2003 Irrevocable T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 3, 2003
Sold by
Monkarsh Max A and Kimmel Fredric B
Bought by
Monkarsh Max A
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dream One Llc | -- | Fidelity National Title Co | |
| Dream One Llc | $3,875,000 | Fidelity National Title Co | |
| 2011 Ocean Park Llc | $521,000 | First American Title Insuran | |
| 2011 Ocean Park Llc | $521,000 | First American Title Insuran | |
| 2011 Ocean Park Llc | $497,500 | First American Title Insuran | |
| 2011 Ocean Park Llc | $497,500 | First American Title Insuran | |
| Monkarsh Jordan Allan | -- | -- | |
| Monkarsh Steven Paul | -- | -- | |
| Monkarsh David Howard | -- | -- | |
| Monkarsh Jordan Allan | $135,000 | -- | |
| Monkarsh Steven Paul | $135,000 | -- | |
| Monkarsh David Howard | $135,000 | -- | |
| Monkarsh Max A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dream One Llc | $3,600,000 | |
| Previous Owner | 2011 Ocean Park Llc | $2,300,000 | |
| Previous Owner | Monkarsh David Howard | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2019 12/17/19 | Sold | $3,875,000 | -2.9% | $1,724 / Sq Ft |
| 07/19/2019 07/19/19 | For Sale | $3,990,000 | -- | $1,775 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $50,291 | $4,237,875 | $3,280,937 | $956,938 |
| 2024 | $50,291 | $4,154,780 | $3,216,605 | $938,175 |
| 2023 | $49,306 | $4,073,315 | $3,153,535 | $919,780 |
| 2022 | $46,993 | $3,993,447 | $3,091,701 | $901,746 |
| 2021 | $46,440 | $3,915,145 | $3,031,080 | $884,065 |
| 2020 | $33,017 | $2,715,629 | $2,120,104 | $595,525 |
| 2019 | $31,690 | $2,662,383 | $2,078,534 | $583,849 |
| 2018 | $3,066 | $225,634 | $110,518 | $115,116 |
| 2016 | $2,918 | $216,874 | $106,227 | $110,647 |
| 2015 | $2,880 | $213,617 | $104,632 | $108,985 |
| 2014 | $2,896 | $209,434 | $102,583 | $106,851 |
Source: Public Records
Agents Affiliated with this Home
-
David Solomon
-
Anna Solomon
Seller Co-Listing Agent in 2019
Anna Solomon
Douglas Elliman of California, Inc.
(310) 866-9306
18 in this area
161 Total Sales
-
O
Buyer's Agent in 2019
OUT OF AREA
Map
Source: The MLS
MLS Number: 19-490684
APN: 4226-013-004
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