NOT LISTED FOR SALE

Estimated Value: $2,089,000 - $2,186,000

8 Beds
4 Baths
3,350 Sq Ft
$634/Sq Ft Est. Value

Last Sold December 02, 2024

Last sale price $2,070,000 $618 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $12,576/month

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

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
  • Entry on the 1st floor

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

Year Built

Built in 1912

Lot Details

0

Listing Details

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

Interior Features

  • Stories: 2
  • 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
$2,372,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,187
Avg. Annual Appreciation
2.39%
Original Mortgage
$1,552,500
Outstanding Balance
$1,537,953
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$587,421
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Buyer Sale Price Title Company
Bobo Qiao $2,070,000 Chicago Title Company
Bobo Qiao $2,070,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bobo Qiao $1,552,500
Closed Bobo Qiao $1,552,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $2,066 $2,070,000 $1,650,000 $420,000
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24208636

California Regional Multiple Listing Service (CRMLS)

APN: 4226-018-010