Seller's Agent in 2024
Vivian Chaing
Property Concierge
(310) 463-5181
5 in this area
34 Total Sales
214 Market St Venice, CA 90291
Venice NeighborhoodEstimated Value: $1,657,321 - $1,731,000
--
Bed
4
Baths
2,564
Sq Ft
$665/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Side by Side Parking
- Front Yard
- Venice High School Rated A
- North Facing Home
- 4-minute walk to Westminster Dog Park
About This Home
As of August 2024Amazing opportunity to acquire a turnkey high-vacancy bread-and-butter Venice Beach fourplex on a corner street-to-alley lot less than 1/4 mile from the sand. Located in a vibrant and robust rental market fully immersed in one of the highest concentrations of tech and creative residents of Silicon Beach, this location is poised to command consistent and growing cash flows for the foreseeable future and beyond. Perfect for an investor looking to park money in an insulated trophy location, the property itself houses four spacious one-bedroom units that have consistently produced market rents (and that enjoy turnover just often enough to stay on pace with submarket rent growth), and bolster the bottom line with additional parking income to boot. Adjacent to a swathe of luxury residential homes and just a hop-skip away from Abbot Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), this building also presents an opportunity for an owner-occupant to subsidize mortgage payments with rents while waxing inspiration in the buzzing cultural mecca that is Venice. Just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. Less than a mile from Marina del Rey, just two miles from Santa Monica, this building also enjoys easy access to the rest of the Westside Los Angeles via nearby Highway 1, 10 and 405 freeways, and access to the rest of the world via nearby LAX Airport. Located in a Tier 3 TOC Zone, the location may provide certain incentives for a developer looking to build something with a bigger footprint.
Last Agent to Sell the Property
Property Concierge License #01983759 Listed on: 06/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,442
Year Built
- Built in 1910
Lot Details
- 2,230 Sq Ft Lot
- North Facing Home
- Front Yard
Home Design
- Quadruplex
- Craftsman Architecture
- Shingle Roof
Interior Spaces
- 4 Bathrooms
- 2,564 Sq Ft Home
- 2-Story Property
- Oven or Range
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Side by Side Parking
Utilities
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Community Details
- 4 Units
- Rent Control
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection, cable TV
- The owner pays for water
- Assessor Parcel Number 4238-013-034
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2024
Closed on
Aug 27, 2024
Sold by
Jung Y Chaing And Hoon Ae Chaing Living and Chaing Jung Y
Bought by
Fattorini Gladys and Garcia Rene
Seller's Agent
Vivian Chaing
Property Concierge
Buyer's Agent
Jessica Steier
Property
List Price
$1,750,000
Sold Price
$1,666,500
Premium/Discount to List
-$83,500
-4.77%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,580
Avg. Annual Appreciation
2.38%
Original Mortgage
$1,249,875
Outstanding Balance
$1,237,746
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$468,334
Purchase Details
Closed on
Jan 24, 2018
Sold by
Chaing Jung Y and Chaing Hoon Ae
Bought by
Chaing Jung Y and Chaing Hoon Ae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 5, 2015
Sold by
The Andrew Chaing Living Trust
Bought by
Jung Y Chaing & Hoon Ae Chaing Living Tr
Purchase Details
Closed on
Apr 14, 2014
Sold by
Chaing Andrew
Bought by
The Andrew Chaing Living Trust
Purchase Details
Closed on
Nov 7, 2011
Sold by
Chaing Andrew M
Bought by
Chaing Andrew M and Chaing Jung Y
Purchase Details
Closed on
Jul 30, 2007
Sold by
Chaing Andrew M and Chaing Jung Y
Bought by
Chaing Andrew M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 16, 2005
Sold by
Chaing Andrew M
Bought by
Chaing Andrew M and Chaing Jung Y
Purchase Details
Closed on
Mar 31, 2005
Sold by
Kravitz Richard and The Kravitz Family Trust
Bought by
Chaing Andrew M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 2, 2001
Sold by
Cowan Ruth Ann
Bought by
Cowan Ruth Ann Oliver and Oliver Steven J
Purchase Details
Closed on
Dec 22, 2000
Sold by
Kravitz Richard J and Kravitz Lynn
Bought by
Kravitz Richard and Kravitz Lynn
Purchase Details
Closed on
Mar 20, 1996
Sold by
Kravitz William H and Kravitz Trust
Bought by
Kravitz William H and Cowan Ruth Ann
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fattorini Gladys | $1,666,500 | Fidelity - Sherman Oaks | |
| Chaing Jung Y | -- | Provident Title Company | |
| Jung Y Chaing & Hoon Ae Chaing Living Tr | -- | None Available | |
| The Andrew Chaing Living Trust | -- | None Available | |
| The Jung Y Chaing & Hoon Ae Chaing Livin | -- | None Available | |
| Chaing Andrew M | -- | None Available | |
| Chaing Andrew M | -- | First American Title Company | |
| Chaing Andrew M | -- | -- | |
| Chaing Andrew M | $900,000 | Equity Title Company | |
| Cowan Ruth Ann Oliver | -- | -- | |
| Kravitz Richard | -- | -- | |
| Kravitz William H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fattorini Gladys | $1,249,875 | |
| Previous Owner | Chaing Jung Y | $1,000,000 | |
| Previous Owner | Chaing Jung Y | $1,000,000 | |
| Previous Owner | Chaing Andrew M | $706,800 | |
| Previous Owner | Chaing Andrew M | $727,500 | |
| Previous Owner | Chaing Andrew M | $765,000 | |
| Previous Owner | Chaing Andrew M | $765,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/30/2024 08/30/24 | Sold | $1,666,500 | -4.8% | $650 / Sq Ft |
| 07/09/2024 07/09/24 | Pending | -- | -- | -- |
| 06/18/2024 06/18/24 | For Sale | $1,750,000 | -- | $683 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $22,442 | $1,666,500 | $1,336,500 | $330,000 |
| 2024 | $22,442 | $1,840,770 | $1,334,233 | $506,537 |
| 2023 | $22,007 | $1,804,677 | $1,308,072 | $496,605 |
| 2022 | $20,982 | $1,769,292 | $1,282,424 | $486,868 |
| 2021 | $20,723 | $1,734,601 | $1,257,279 | $477,322 |
| 2019 | $20,100 | $1,683,154 | $1,219,989 | $463,165 |
| 2018 | $20,037 | $1,650,152 | $1,196,068 | $454,084 |
| 2016 | $19,166 | $1,586,076 | $1,149,624 | $436,452 |
| 2015 | $18,885 | $1,562,253 | $1,132,356 | $429,897 |
| 2014 | $12,521 | $1,003,309 | $780,354 | $222,955 |
Source: Public Records
Agents Affiliated with this Home
-
Vivian Chaing
-
Mark Ehlers
Seller Co-Listing Agent in 2024
Mark Ehlers
Imperial Real Estate
(310) 667-1469
1 in this area
23 Total Sales
-
Jessica Steier
Buyer's Agent in 2024
Jessica Steier
Property
(818) 790-6774
1 in this area
22 Total Sales
-
Stephen Parisi
Buyer Co-Listing Agent in 2024
Stephen Parisi
Property
(310) 488-7653
1 in this area
45 Total Sales
Map
Source: The MLS
MLS Number: 24-405009
APN: 4238-013-034
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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