NOT LISTED FOR SALE

Estimated Value: $1,667,000 - $3,267,752

2 Beds
3 Baths
1,712 Sq Ft
$1,427/Sq Ft Est. Value

Last Sold June 14, 2013

Last sale price $1,450,000 $847 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $15,854/month

2 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Attached Garage
  • Floor Furnace
  • Venice High School Rated A
  • Laundry Room
  • 3-minute walk to Ozone Park

About This Home

As of June 2013

Beautiful "North Of Rose" Triplex in Venice Beach awaits a lucky buyer! This pride of ownership property generates $8,055 monthly income, yet still has upside due to high demand of this hot hot neighborhood. Fabulous for an investor, or an owner-user who wants a home + guest + office/ artist space. Front house is a charming 2+1 with private deck & yard, detached back building is two studio units above a 3-car-garage. One of the studio units is a studio + loft and currently can be delivered vacant. All units have wood floors, updated kitchen and baths, and wonderful privacy. Walking distance to Whole Foods Market and all the new developments on Rose Ave, Abbot Kinney, Main St, and the beach! Showing to qualified buyers by appointment

Last Agent to Sell the Property

Karen Nation

Douglas Elliman License #01422206 Listed on: 06/03/2013

Co-Listed By

Carol Whitley

Hilton & Hyland License #01489783

Last Buyer's Agent

Mona Baram

Engel & Völkers License #01397672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,231

Year Built

  • Built in 1949

Lot Details

  • 4,133 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Utilities

  • Floor Furnace
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4240-004-021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,231

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1712
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, In Unit, Laundry Area, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 875.58

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Combination, Floor Furnace

Lot Info

  • Assessed Improvement Value: 88206
  • Assessed Land Value: 505738
  • Assessor Parcel Number: 4240-004-021
  • Geocode Override: No
  • Lot Size Area: 4133

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: %

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2013
Closed on
Apr 23, 2013
Sold by
Tease Steven M and The Steven Matthew Tease Livin
Bought by
Lbi Holdings Llc
Seller's Agent
Karen Nation
Douglas Elliman
Buyer's Agent
Mona Baram
Engel & Völkers
List Price
$1,499,000
Sold Price
$1,450,000
Premium/Discount to List
-$49,000
-3.27%
Current Estimated Value
$2,569,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,119,694
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Jun 28, 2011
Sold by
Tease Steven M
Bought by
Tease Steven M and The Steven Matthew Tease Livin

Purchase Details

Closed on
Feb 15, 2002
Sold by
Holst Shirley and Ximenes Cynthia
Bought by
Tease Steven M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.84%
Source: Public Records

Range of Values:

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Average Value
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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
Lbi Holdings Llc $1,515,015 Equity Title
Tease Steven M -- None Available
Tease Steven M $505,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tease Steven M $147,000
Previous Owner Tease Steven M $1,025,000
Previous Owner Tease Steven M $100,000
Previous Owner Tease Steven M $875,000
Previous Owner Tease Steven M $180,000
Previous Owner Tease Steven M $644,800
Previous Owner Tease Steven M $100,000
Previous Owner Tease Steven M $461,250
Previous Owner Tease Steven M $30,750
Previous Owner Tease Steven M $404,000
Previous Owner Holst Shirley $250,000
Closed Tease Steven M $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2013 06/14/13 Sold $1,450,000 -3.3% $847 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
06/03/2013 06/03/13 For Sale $1,499,000 -- $876 / 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
2025 $22,231 $1,865,602 $1,600,851 $264,751
2024 $22,231 $1,829,022 $1,569,462 $259,560
2023 $21,800 $1,793,160 $1,538,689 $254,471
2022 $20,781 $1,758,001 $1,508,519 $249,482
2021 $20,532 $1,723,532 $1,478,941 $244,591
2020 $20,747 $1,705,861 $1,463,777 $242,084
2019 $19,914 $1,672,414 $1,435,076 $237,338
2018 $19,854 $1,639,623 $1,406,938 $232,685
2016 $19,003 $1,575,955 $1,352,305 $223,650
2015 $18,723 $1,552,284 $1,331,993 $220,291
2014 $18,791 $1,521,878 $1,305,902 $215,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-677123

The MLS

APN: 4240-004-021