NOT LISTED FOR SALE

Estimated Value: $1,845,000 - $2,247,000

3 Beds
2 Baths
1,422 Sq Ft
$1,400/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $1,525,000 $1,072 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $12,123/month

38 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Neighborhood Views
  • Venice High School Rated A
  • Private Yard
  • 4-minute walk to Ozone Park

About This Home

As of September 2018

Situated in the coolest part of Venice, this duplex has 2 bedrooms, 1 bath in the front unit, 1 bedroom, 1 bath in the rear unit, plus a 2 car, private garage. This property was built in 1951, has approximately 1422 interior sqft, hardwood floors, and has original kitchens and baths. The lot size is approximately 4,132 sqft per assessor, and is completely fenced. The street is lined with trees, and is a peaceful retreat, though very close to trending restaurants, shops, and entertainment. You can ride your bike to the beach, and live the “California Dream”.

Last Agent to Sell the Property

Nancy Elieff

Beverly and Company, Inc. License #00972276 Listed on: 06/29/2018

Beverly and Company, Inc.

Last Buyer's Agent

John Moudakis

PAR Commercial Brokerage License #01833441

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 4,132 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Raised Foundation

Interior Spaces

  • 1,422 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Tile Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Tax Lot 91
  • Tax Tract Number 6622
  • Assessor Parcel Number 4240006017

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,442
  • Pest Control $579
  • Water Sewer Expense $1,048
  • New Taxes Expense $20,000
  • Operating Expense $4,913
  • Gross Income $19,176
  • Net Operating Income $14,263

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1047.70
  • Zoning: LARD2
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 4240006017
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Interior Amenities: Tile Counters, Unfurnished
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 1072.43

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Two Door, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen, Inside
  • Pest Control Expense: 579.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Landscaped, Level with Street, Rectangular Lot, Level, Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 4132.00
  • Lot Size Acres: 0.0949

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Gross Income: 19176.00
  • Gross Scheduled Income: 19176.00
  • Insurance Expense: 1442.00
  • Lot Size Area: 4132.0000 Square Feet
  • Net Operating Income: 14263.33
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 4912.67
  • Rent Control: Yes
  • Total Actual Rent: 19176.00
  • Total Expenses: 4912.67

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 2733.00
  • Tax Lot: 91
  • Tax Tract Number: 6622

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2025
Sold by
Browning Austin
Bought by
206 5Th Avenue Llc
Current Estimated Value
$1,991,317

Purchase Details

Closed on
Jul 11, 2019
Sold by
Browning Austin Alan and Browning Alexa Mayfield
Bought by
Browning Austin Alan

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 10, 2018
Sold by
Mcnellis Carla and Gerda A Range 1991 Trust
Bought by
Browning Austin Alan
Seller's Agent
Nancy Elieff
Beverly and Company, Inc.
Buyer's Agent
John Moudakis
PAR Commercial Brokerage
List Price
$1,600,000
Sold Price
$1,525,000
Premium/Discount to List
-$75,000
-4.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%
Original Mortgage
$1,220,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
206 5Th Avenue Llc -- None Listed On Document
Browning Austin Alan -- Title Connect Inc
Browning Austin Alan $1,525,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Browning Austin Alan $1,220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $1,525,000 -4.7% $1,072 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $1,600,000 -- $1,125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,275 $1,701,161 $1,533,836 $167,325
2024 $20,275 $1,667,806 $1,503,761 $164,045
2023 $19,881 $1,635,105 $1,474,276 $160,829
2022 $18,953 $1,603,045 $1,445,369 $157,676
2021 $18,725 $1,571,614 $1,417,029 $154,585
2019 $18,161 $1,525,000 $1,375,000 $150,000
2018 $1,392 $106,549 $50,331 $56,218
2017 $1,364 $104,461 $49,345 $55,116
2016 $1,317 $102,414 $48,378 $54,036
2015 $1,299 $100,877 $47,652 $53,225
2014 $1,317 $98,902 $46,719 $52,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PF18156214

California Regional Multiple Listing Service (CRMLS)

APN: 4240-006-017