$2,070,000
SOLD DEC 2, 2024
8 Beds
4 Baths
3,350 Sq Ft
2,639 Sq Ft Lot

Recently Sold

$618 Per Sq Ft

1% Below List Price

41 Days on Market

About This Home

As of December 2024

This stunning 4-unit quadruplex is located on
one of Venice's picturesque walk streets, just
steps from the beach. The property consists of
four 2-bed, 1-bath units, with one of the
upstairs rear units delivered vacant and
beautifully renovated—featuring an updated
kitchen and bathroom, perfect for an owneruser
or a prime rental opportunity.
Situated in the heart of Venice, this building
offers convenient access to Abbot Kinney,
Rose Avenue, and Main Street, with an
abundance of restaurants, retail shops, and
vibrant nightlife.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 10/11/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Molly First

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02065583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,066

Year Built

  • Built in 1912

Lot Details

  • 2,639 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,350 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1234
  • Tax Tract Number 1234
  • Assessor Parcel Number 4226018010

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $39,665
  • Gross Income $120,672
  • Net Operating Income $74,973

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,066

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Price Per Unit: 524750
  • Property Attached: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4226018010
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 617.91

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2639.00
  • Lot Size Acres: 0.0606

Multi Family

  • Gross Income: 120672.00
  • Gross Scheduled Income: 120672.00
  • Lot Size Area: 2639.0000 Square Feet
  • Net Operating Income: 74973.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 39665.00
  • Rent Control: Yes
  • Total Expenses: 39665.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 1234
  • Tax Tract Number: 1234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Nov 13, 2024
Sold by
Patricia M Woolley Trust and Woolley Christopher John
Bought by
Bobo Qiao and Bobo Jack
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,099,000
Sold Price
$2,070,000
Premium/Discount to List
-$29,000
-1.38%
Views
38
Current Estimated Value
$2,125,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,164
Avg. Annual Appreciation
4.26%
Original Mortgage
$1,552,500
Outstanding Balance
$1,543,865
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$581,299
Source: Public Records

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Range of Values:

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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 $2,070,000 Chicago Title Company
Grant Deed $2,070,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,552,500 New Conventional
Closed $1,552,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2024 12/02/24 Sold $2,070,000 -1.4% $618 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $2,099,000 -- $627 / 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
2024 $2,066 $138,866 $89,144 $49,722
2023 $2,037 $136,145 $87,397 $48,748
2022 $1,957 $133,477 $85,684 $47,793
2021 $1,911 $130,860 $84,004 $46,856
2019 $1,860 $126,980 $81,513 $45,467
2018 $1,823 $124,491 $79,915 $44,576
2016 $1,710 $119,659 $76,813 $42,846
2015 $1,689 $117,863 $75,660 $42,203
2014 $1,723 $115,555 $74,178 $41,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24208636

California Regional Multiple Listing Service (CRMLS)

APN: 4226-018-010