$2,125,000
SOLD MAR 12, 2020
5 Beds
4 Baths
2,743 Sq Ft
4,139 Sq Ft Lot

Recently Sold

$775 Per Sq Ft

3% Below List Price

86 Days on Market

Highlights

  • Gated Parking
  • 3 Car Attached Garage
  • Ceiling Fan
  • Venice High School Rated A
  • Built-In Features
  • Heating Available

About This Home

As of January 2025

One of the lowest prices per square foot in Venice. North of Rose Duplex on quiet, tree lined street. Upstairs is a newly remodeled 3 bedroom/ 2 bath unit that has a private garage with rooftop deck and a front balcony with treetop and city light views. Upper Unit will be delivered vacant. Lower 2 bedroom/2 bath unit has front balcony, private back patio and gated parking. Lower unit is tenant occupied.

Last Agent to Sell the Property

Patrice Meepos

Compass License #01235616 Listed on: 10/16/2019

Compass

Last Buyer's Agent

Chris Spirito

Stafford Commercial Inc. License #01474435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,944

Year Built

  • Built in 1929

Lot Details

  • 4,139 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2,743 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Gated Parking

Utilities

  • Heating Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-007-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,944

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2743
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 800.22

Exterior Features

  • Construction: Block
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 1 Car, Garage Is Detached, Gated, Private Garage
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Electric

Lot Info

  • Assessor Parcel Number: 4240-007-024
  • Geocode Override: No
  • Lot Size Area: 4139

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 50

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
$2,233,733

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%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: The MLS

MLS Number: 19-521138

The MLS

APN: 4240-007-024