205 5th Ave Venice, CA 90291
Venice Neighborhood
6
Beds
4
Baths
2,743
Sq Ft
4,139
Sq Ft Lot
Highlights
- City Lights View
- Balcony
- Laundry Room
- Venice High School Rated A
- 2 Car Detached Garage
- Ceiling Fan
About This Home
As of January 2025Stafford Commercial Real Estate is pleased to present 205-207 5th Ave. Venice, CA. A private, gated, duplex just north of Rose Ave. The upper unit is 3 bedrooms and 2 baths and has been remodeled. The lower unit is 3-4 bedrooms with 2 baths and offers a buyer upside potential to remodel and achieve current market rents when the tenant vacates. Located on a quiet, tree lined street within walking distance to the shops and restaurants of Rose Ave: Jeni's Splendid Ice Creams, Cafe Gratitude, Moon Juice, the Yoga Collective, Parachute and many more.
Last Agent to Sell the Property
Stafford Commercial Inc. License #01474435 Listed on: 06/24/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,944
Year Built
- Built in 1929 | Remodeled
Lot Details
- 4,139 Sq Ft Lot
- East Facing Home
- Gated Home
Parking
- 2 Car Detached Garage
- 1 Open Parking Space
Home Design
- Cosmetic Repairs Needed
Interior Spaces
- 2,743 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- City Lights Views
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Balcony
- Heating System Mounted To A Wall or Window
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 4240-007-024
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
0.80%
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 Venice, CA
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: 21-752852
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.
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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