$3,300,000
SOLD FEB 11, 2025

209 4th Ave Venice, CA 90291

Venice Neighborhood
12 Beds
12 Baths
6,850 Sq Ft
5,432 Sq Ft Lot

Recently Sold

$482 Per Sq Ft

6% Below List Price

75 Days on Market

Highlights

  • Ocean View
  • Fireplace in Bathroom
  • Balcony
  • Venice High School Rated A
  • Traditional Architecture
  • Gated Home

About This Home

As of February 2025

Rare opportunity to buy a well built and maintained building. Most units have ocean and/or neighborhood views. One upper view unit held open for possible owner occupancy. 6 bright, spacious 2BR/1.75 BA units- 1 with loft. 2-car gated parking for each unit. Location forms a Triangular Tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; Beaches to the west; Venice's Rose Avenue to the South and Main Street to the North, featuring an urban melange of vibrant dining options, artisanal boutiques and specialty shops. Building subject to Los Angeles (not Santa Monica) rent control. Anniversary date of last rent increase will be 3/1/2025. Occupied units shown with acceptable offer. Drone video available in video links. Photos offer a good visual representation of the views from different units. Seller states earthquake retrofit completed well in excess of current minimum standards.

Last Agent to Sell the Property

Wesley Wellman

Wellman Realty Co. License #00467451 Listed on: 11/23/2024

Last Buyer's Agent

Kenny Stevens

Compass License #01090251

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 5,432 Sq Ft Lot
  • Lot Dimensions are 42x130
  • East Facing Home
  • Gated Home

Property Views

  • Ocean
  • City

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 6,850 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms
  • Fireplace in Bathroom

Parking

  • 12 Parking Spaces
  • Driveway
  • Parking Garage Space

Additional Features

  • Balcony
  • Sewer in Street

Community Details

  • 6 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, cable TV, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 4286-001-042

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Three Or More
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Ocean and/or neighborhood views for sale with a bonus --- apartment building attached. Upper 2br + 2ba vacant unit. Location forms a Triangular Tapestry of unparalleled amenities supporting a coveted pedestrian lifestyle; Beaches to the west; Venice's Rose Avenue to the South and Santa Monica's Main Street to the North, featuring an urban tapestry of vibrant dining options, artisanal boutiques and specialty shops. This enchanting neighborhood transforms the mundane into the extraordinary. It's not just about having an apartment; it's about embracing a lifestyle where each day is painted with vibrant colors of joy, flavor, and connection where you can lace up your shoes, breathe in that invigorating coastal air, and embark on a daily adventure because in this pedestrian paradise, life is truly a celebration! Days begin by units bathed in the golden glow of sunlight .
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 6850
  • Lot Acreage: 0.1247
  • Lot Dimensions: 42x130
  • Probate: No
  • Stories: 2
  • Year Built: 1973
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath
  • Appliances: Range Hood, Range, Oven
  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Price Per S Q F T: 510.95

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: Ocean, City
  • View: Yes

Garage/Parking

  • Parking Garage: Community Garage, Driveway
  • Total Parking: 12

Utilities

  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 81.95
  • Assessed Improvement Value: 655998
  • Assessed Land Percent: 18.05
  • Assessed Land Value: 144452
  • Total Assessed Value: 800450
  • Assessor Parcel Number: 4286-001-042
  • Lot Size Area: 5432

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 14.01
  • Number Of Units: 6
  • Type Of Units: Apartments

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2025 02/11/25 Sold $3,300,000 -5.7% $482 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
11/23/2024 11/23/24 For Sale $3,500,000 +6.1% $511 / Sq Ft
10/24/2024 10/24/24 Off Market $3,300,000 -- --
10/03/2024 10/03/24 For Sale $3,500,000 -- $511 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wesley Wellman

    Seller's Agent in 2025

    Wesley Wellman

    Wellman Realty Co.

    (424) 265-8872

    2 in this area

    15 Total Sales

    Wesley Wellman
    Section Image
  • Kenny Stevens

    Buyer's Agent in 2025

    Kenny Stevens

    Compass

    (424) 284-4453

    3 in this area

    42 Total Sales

    Kenny Stevens
    Section Image
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Map

Source: The MLS

MLS Number: 24-444923

The MLS
California Los Angeles County Venice 90291 Venice

209 4th Ave, Venice, CA

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