205 5th Ave Venice, CA 90291
Venice Neighborhood
5
Beds
4
Baths
2,743
Sq Ft
4,141
Sq Ft Lot
Highlights
- Ocean View
- Deck
- Wood Flooring
- Venice High School Rated A
- Living Room with Fireplace
- Spanish Architecture
About This Home
As of January 2025Welcome to this timeless and dreamy Spanish duplex located in the vibrant Rose Corridor, nestled between Venice and Santa Monica (seller open to partial seller financing at 6% for 2 years!). With the perfect blend of classic elegance, timeless style, and modern upgrades, this two-unit property w/ a vacant unit offers endless opportunities - live in the bottom unit with the upstairs as a rental for passive income, rent the entire property for your investment portfolio, or utilize the property as your future compound. The reimagined downstairs space features a spacious 2-bedroom, 2-bathroom residence adorned with hardwood floors, arched doorways, and a beautiful original fireplace, creating a warm and inviting atmosphere. A separate bonus space with a private entrance completes this unit, perfect for guest quarters or a home office! Move onto the upstairs unit boasting a completely remodeled 3-bedroom, 2-bathroom unit (currently occupied by tenant) with an open floor plan and a private balcony, offering a serene retreat with city and tree-top views. Additional amenities include a detached garage, gated parking, an amazing deck ideal for outdoor dining and relaxation, and a cozy courtyard designed for gatherings and entertainment. Expand later and add an ADU, making it a true gem in Venice. Live the SoCal dream minutes to the beach and in the heart of some of Los Angeles' best restaurants, coffee shops, and boutiques. Also, just a short stroll to Whole Foods, parks, and more.
Last Agent to Sell the Property
Pardee Properties License #01421451 Listed on: 12/04/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28,944
Year Built
- Built in 1929
Lot Details
- 4,141 Sq Ft Lot
- Property is zoned LARD2
Parking
- 2 Open Parking Spaces
- 1 Car Garage
- 2 Carport Spaces
Property Views
- Ocean
- City
Home Design
- Spanish Architecture
Interior Spaces
- 2,743 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Decorative Fireplace
- Living Room with Fireplace
- Dining Area
- Bonus Room
- <<OvenToken>>
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
- <<tubWithShowerToken>>
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Deck
- Open Patio
- Front Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
- Water Heater
- Sewer in Street
Listing and Financial Details
- Tenant pays for gas, electricity, trash collection
- The owner pays for water, gardener
- Assessor Parcel Number 4240-007-024
Community Details
Overview
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2024
Closed on
Jan 3, 2025
Sold by
Yasaman Farmanara Revocable Trust and Sam Farmanara Living Trust
Bought by
Cavanaugh Revocable Trust and Cavanaugh
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Robert Mitchell
Pardee Properties
List Price
$2,250,000
Sold Price
$2,217,000
Premium/Discount to List
-$33,000
-1.47%
Views
102
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
$16,733
Avg. Annual Appreciation
0.82%
Purchase Details
Closed on
Aug 5, 2022
Sold by
Yasaman Farmanara
Bought by
Yasaman Farmanara Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,143,750
Interest Rate
3.12%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 24, 2021
Closed on
Dec 1, 2021
Sold by
Reed Stuart
Bought by
Farmanara Yasaman and Farmanara Sam
Seller's Agent
Chris Spirito
Stafford Commercial Inc.
Buyer's Agent
Golnaz Rassekh
Keller Williams Beverly Hills
List Price
$2,450,000
Sold Price
$2,287,500
Premium/Discount to List
-$162,500
-6.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.76%
Original Mortgage
$1,143,750
Interest Rate
3.12%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 16, 2019
Closed on
Feb 11, 2020
Sold by
Venica Holdingvs Llc
Bought by
Reed Stuart
Seller's Agent
Patrice Meepos
Compass
Buyer's Agent
Chris Spirito
Stafford Commercial Inc.
List Price
$2,195,000
Sold Price
$2,125,000
Premium/Discount to List
-$70,000
-3.19%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$975,000
Interest Rate
3.5%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 31, 2013
Closed on
Sep 20, 2013
Sold by
Mitreski Boris and Mitreski Milka
Bought by
Venica Holdings Llc
Seller's Agent
Henry Dodge
Henry Dodge Properties, Inc
Buyer's Agent
Patrice Meepos
Compass
List Price
$1,595,000
Sold Price
$1,480,000
Premium/Discount to List
-$115,000
-7.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,217,000 | Fidelity Title | |
| Grant Deed | -- | -- | |
| Grant Deed | $2,287,500 | Fidelity National Title | |
| Grant Deed | $2,125,000 | Lawyers Title | |
| Grant Deed | $1,480,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,143,750 | New Conventional | |
| Previous Owner | $1,143,750 | Commercial | |
| Previous Owner | $975,000 | Construction | |
| Previous Owner | $1,325,000 | Commercial | |
| Previous Owner | $570,000 | Unknown | |
| Previous Owner | $750,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2025 01/13/25 | Sold | $2,217,000 | -1.5% | $808 / Sq Ft |
| 12/26/2024 12/26/24 | Pending | -- | -- | -- |
| 12/04/2024 12/04/24 | For Sale | $2,250,000 | -1.6% | $820 / Sq Ft |
| 12/28/2021 12/28/21 | Sold | $2,287,500 | -5.7% | $834 / Sq Ft |
| 11/23/2021 11/23/21 | Pending | -- | -- | -- |
| 10/28/2021 10/28/21 | Price Changed | $2,425,000 | -2.8% | $884 / Sq Ft |
| 06/25/2021 06/25/21 | Price Changed | $2,495,000 | +1.8% | $910 / Sq Ft |
| 06/24/2021 06/24/21 | For Sale | $2,450,000 | +15.3% | $893 / Sq Ft |
| 03/12/2020 03/12/20 | Sold | $2,125,000 | -3.2% | $775 / Sq Ft |
| 01/10/2020 01/10/20 | Pending | -- | -- | -- |
| 10/16/2019 10/16/19 | For Sale | $2,195,000 | +48.3% | $800 / Sq Ft |
| 09/27/2013 09/27/13 | Sold | $1,480,000 | -7.2% | $540 / Sq Ft |
| 09/03/2013 09/03/13 | Pending | -- | -- | -- |
| 01/31/2013 01/31/13 | For Sale | $1,595,000 | -- | $581 / 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 |
|---|---|---|---|---|
| 2024 | $28,944 | $2,379,915 | $1,456,560 | $923,355 |
| 2023 | $28,381 | $2,333,250 | $1,428,000 | $905,250 |
| 2022 | $27,055 | $2,287,500 | $1,400,000 | $887,500 |
| 2021 | $25,602 | $2,147,015 | $1,818,648 | $328,367 |
| 2020 | $20,275 | $1,658,918 | $1,345,071 | $313,847 |
| 2019 | $19,465 | $1,626,392 | $1,318,698 | $307,694 |
| 2018 | $19,348 | $1,594,503 | $1,292,842 | $301,661 |
| 2016 | $18,502 | $1,532,590 | $1,242,641 | $289,949 |
| 2015 | $18,230 | $1,509,570 | $1,223,976 | $285,594 |
| 2014 | -- | $1,480,000 | $1,200,000 | $280,000 |
Source: Public Records
Agents Affiliated with this Home
-
Tamra Pardee
Seller's Agent in 2025
Tamra Pardee
Pardee Properties
(310) 907-6517
268 in this area
966 Total Sales
-
Golnaz Rassekh
Seller Co-Listing Agent in 2025
Golnaz Rassekh
Keller Williams Beverly Hills
(310) 963-6797
2 in this area
19 Total Sales
-
Robert Mitchell
Buyer's Agent in 2025
Robert Mitchell
Pardee Properties
(310) 801-7501
1 in this area
6 Total Sales
-
Chris Spirito
Seller's Agent in 2021
Chris Spirito
Stafford Commercial Inc.
(310) 270-3003
1 in this area
3 Total Sales
-
Patrice Meepos
Seller's Agent in 2020
Patrice Meepos
Compass
(310) 849-5443
12 in this area
44 Total Sales
-
C
Buyer's Agent in 2020
Christopher Spirito
Stafford Commercial Inc.
Map
Source: The MLS
MLS Number: 24-465725
APN: 4240-007-024
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© 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.
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