NOT LISTED FOR SALE
12 Beds
12 Baths
6,850 Sq Ft
5,432 Sq Ft Lot

Sale Details

Date Sold: February 11, 2025

Last sale price $3,300,000 $482 Per Sq Ft

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

5,432 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2024
Closed on
Jan 3, 2025
Sold by
Bought by
Seller's Agent
Wesley Wellman
Wellman Realty Co.
Buyer's Agent
Kenny Stevens
Compass
List Price
$3,500,000
Sold Price
$3,300,000
Premium/Discount to List
-$200,000
-5.71%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,180,000
Interest Rate
0.0685%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 17, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2004
Sold by
Bought by
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,300,000 Old Republic Title Company
-- None Available
-- None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,139 $832,786 $150,287 $682,499
2024 $10,977 $816,458 $147,341 $669,117
2023 $10,787 $800,450 $144,452 $655,998
2022 $10,325 $784,756 $141,620 $643,136
2021 $10,166 $769,370 $138,844 $630,526
2019 $9,884 $748,302 $134,727 $613,575
2018 $9,768 $733,665 $132,086 $601,579
2016 $9,250 $703,496 $126,958 $576,538
2015 $9,125 $692,929 $125,051 $567,878
2014 $9,191 $679,357 $122,602 $556,755
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-444923

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.