NOT LISTED FOR SALE

Estimated Value: $1,667,000 - $1,889,000

4 Beds
4 Baths
1,232 Sq Ft
$1,441/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $1,710,000 $1,388 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,948/month

75 Days on Market

Highlights

  • Wood Flooring
  • Park or Greenbelt View
  • Lawn
  • Broadway Elementary Rated A
  • Ground Level Unit
  • 2-minute walk to Ozone Park

About This Home

As of February 2022

Excellent "Venice Beach" location just a few homes away from the Santa Monica Border! Very charming, remodeled units with good rents. Built as a triplex, but current use is as 4 studio apartments, and the 4 units are shown with LA County Assessor and LA City rent control. All units except one unit will be delivered vacant at closing. All units have been remodeled and have their own fully fenced small private yards or patios. New windows and tankless hot water heaters. One unit has a large office/shed/studio in the private yard. Nicely landscaped common front yard area. Well-maintained property. 4 car parking. Just a few blocks to the beach adjacent to the Ocean Park District of Santa Monica within the Rose Avenue corridor near restaurants, shops, Whole Foods Market and Main Street Venice and Santa Monica Restaurants/shopping.

Last Agent to Sell the Property

Monte Hartman

Coldwell Banker Realty License #01266642 Listed on: 11/22/2021

Coldwell Banker Realty

Last Buyer's Agent

Esther Hickman

Compass License #01993403

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 4,224 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Lawn

Property Views

  • Park or Greenbelt
  • Courtyard

Home Design

  • Triplex
  • Bungalow

Interior Spaces

  • 1,232 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Side by Side Parking

Additional Features

  • Shed
  • Ground Level Unit
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, move in fee, water
  • Assessor Parcel Number 4240-003-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

4,224 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Advertising Remarks: Excellent "Venice Beach" location just a few homes away from the Santa Monica Border! Very charming remodeled 4-plex with with good rents and 3 of the 4 units delivered vacant at closing. Just a few blocks to the beach adjacent to the Ocean Park District of Santa Monica within the Rose Avenue corridor near restaurants, shops, Whole Foods Market and Main Street Venice and Santa Monica Restaurants/shopping. All units have been remodeled and have their own fully-fenced small private yards/large patios. Two units are now vacant and all units nicely remodeled and all have a private yards. One unit has a large office/shed/studio in the private yard. Nicely landscaped common front yard area. Well-maintained property. 4 car parking.
  • Living Area: 1232
  • Lot Acreage: 0.0970
  • Stories: 1
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Mixed, Wood
  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 1460.23

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s), Accessory Bldgs, Other
  • View: Courtyard, Green Belt
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Assigned, Community Garage, Garage - 4+ Car, Side By Side
  • Total Parking: 4

Utilities

  • Heating: Natural Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 6.67
  • Assessed Improvement Value: 60046
  • Assessed Land Percent: 93.33
  • Assessed Land Value: 840727
  • Total Assessed Value: 900773
  • Assessor Parcel Number: 4240-003-014
  • Lot Description: Back Yard, Fenced, Alley Paved, Lawn, Yard, Fenced Yard, Front Yard
  • Lot Size Area: 4224

Rental Info

  • Total Actual Rent: 115800.00
  • Owner Pays: Gardener, Move In Fee, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.53
  • Number Of Units: 3
  • Type Of Units: Tri-Plex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Feb 14, 2022
Sold by
John Keding Bradley and John Marie Eleana
Bought by
Pineconian Investments Llc
Seller's Agent
Monte Hartman
Coldwell Banker Realty
Buyer's Agent
Esther Hickman
Compass
List Price
$1,799,000
Sold Price
$1,710,000
Premium/Discount to List
-$89,000
-4.95%
Current Estimated Value
$1,775,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,154
Avg. Annual Appreciation
0.94%

Purchase Details

Closed on
Feb 8, 2005
Sold by
William D Dyer Living Trust
Bought by
Keding Bradley John and Keding Eleana Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1998
Sold by
Dyer William D
Bought by
William D Dyer Living Trust

Purchase Details

Closed on
Mar 31, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Dyer William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
8.6%
Mortgage Type
Assumption

Purchase Details

Closed on
Sep 10, 1993
Sold by
Resolution Trust Corp
Bought by
Federal Home Loan Mortgage Corporation
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
Pineconian Investments Llc $1,710,000 Equity Title
Keding Bradley John $750,000 Southland Title
William D Dyer Living Trust -- --
Dyer William D $185,000 Gateway Title
Federal Home Loan Mortgage Corporation $290,168 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keding Bradley John $600,000
Previous Owner Dyer William D $184,000
Closed Keding Bradley John $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2022 02/23/22 Sold $1,710,000 -4.9% $1,388 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
11/22/2021 11/22/21 For Sale $1,799,000 -- $1,460 / Sq Ft
Source: The MLS

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 $21,646 $1,814,664 $1,697,932 $116,732
2024 $21,646 $1,779,084 $1,664,640 $114,444
2023 $21,226 $1,744,200 $1,632,000 $112,200
2022 $11,706 $985,121 $919,455 $65,666
2021 $11,562 $965,806 $901,427 $64,379
2019 $11,215 $937,481 $874,691 $62,790
2018 $11,160 $919,107 $857,541 $61,566
2016 $10,678 $883,112 $824,243 $58,869
2015 $10,522 $869,848 $811,863 $57,985
2014 $10,575 $852,810 $795,960 $56,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-107231

The MLS

APN: 4240-003-014

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