NOT LISTED FOR SALE

205 5th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,223,000 - $2,407,000

5 Beds
4 Baths
2,743 Sq Ft
$836/Sq Ft Est. Value

Last Sold January 13, 2025

Last sale price $2,217,000 $808 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $14,230/month

22 Days on Market

Highlights

  • Ocean View
  • Deck
  • Wood Flooring
  • Venice High School Rated A
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of January 2025

Welcome 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

Tamra Pardee

Pardee Properties License #01421451 Listed on: 12/04/2024

Co-Listed By

Golnaz Rassekh

Beverly and Company, Inc. License #01345467

Last Buyer's Agent

Robert Mitchell

Pardee Properties License #02104255

Home Details

Home Type

  • Single Family

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
  • Trees

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
  • Oven

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower
  • Shower Only

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

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

4,141 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2743
  • Lot Acreage: 0.0951
  • Probate: No
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Hardwood, Tile, Vinyl Tile
  • Appliances: Oven
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Laundry: Outside, Room, Community
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Washer, Dryer, Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 820.27

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Balcony, Deck(s), Patio Open, Porch - Front
  • Pool: No
  • Spa Yn: No
  • View: City, Tree Top, Ocean
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 1
  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car, Carport, Uncovered
  • Total Parking: 3

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Ceiling Fan, Wall/Window, Wall Unit(s)
  • Heating: Wall
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: In Street

Lot Info

  • Assessor Parcel Number: 4240-007-024
  • Lot Description: Sidewalks
  • Lot Location: Alley Access
  • Lot Size Area: 4141

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.70
  • Number Of Units: 2
  • Type Of Units: Apartments

MLS Schools

  • School District: Los Angeles Unified

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
$2,293,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,957
Avg. Annual Appreciation
3.18%

Purchase Details

Closed on
Aug 5, 2022
Sold by
Farmanara Yasaman and Farmanara Sam
Bought by
Yasaman Farmanara Revocable Trust and Sam Farmanara Living Trust

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
1.30%
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%
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
Cavanaugh Revocable Trust $2,217,000 Fidelity Title
Yasaman Farmanara Revocable Trust -- Accommodation/Courtesy Recordi
Reed Stuart $2,125,000 Lawyers Title
Venica Holdings Llc $1,480,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Stuart $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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 View Prior Sale
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

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 $28,944 $2,427,513 $1,485,691 $941,822
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

    228 in this area

    837 Total Sales

    Tamra Pardee
    Section Image
  • Golnaz Rassekh

    Seller Co-Listing Agent in 2025

    Golnaz Rassekh

    Beverly and Company, Inc.

    (310) 963-6797

    2 in this area

    17 Total Sales

    Golnaz Rassekh
    Section Image
  • Robert Mitchell

    Buyer's Agent in 2025

    Robert Mitchell

    Pardee Properties

    (310) 801-7501

    1 in this area

    6 Total Sales

    Robert Mitchell
    Section Image
  • Chris Spirito

    Seller's Agent in 2021

    Chris Spirito

    Stafford Commercial Inc.

    (310) 270-3003

    1 in this area

    3 Total Sales

    Chris Spirito
    Section Image
  • Patrice Meepos

    Seller's Agent in 2020

    Patrice Meepos

    Compass

    (310) 849-5443

    11 in this area

    40 Total Sales

    Patrice Meepos
    Section Image

  • C

    Buyer's Agent in 2020

    Christopher Spirito

    Stafford Commercial Inc.

See All Agents

Map

Source: The MLS

MLS Number: 24-465725

The MLS

APN: 4240-007-024

California Los Angeles County Venice 90291 Venice

205 5th Ave, Venice, CA

Not Listed for Sale

Detached

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