NOT LISTED FOR SALE

217 N Venice Blvd Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,409,000 - $5,302,753

8 Beds
4 Baths
3,362 Sq Ft
$1,088/Sq Ft Est. Value

Last Sold August 17, 2012

Last sale price $1,850,000 $550 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $21,771/month

18 Days on Market

Highlights

  • 7 Car Garage
  • Venice High School Rated A
  • 3-minute walk to Linnie Canal Park

About This Home

As of August 2012

Many income/occupy options for potential negotiations with Sellers as either owner occupy property or fully leased. Buyers might have options of immediate income with either one or both current Owner's personally leasing back their upper units for high market value or having unit or units delivered vacant and available at current market rates in a tight rental market. High market value rentals on the two upstairs units make this a very appealing income property.

Last Agent to Sell the Property

Sedonna Norman

Compass License #01430151 Listed on: 05/03/2012

Compass

Last Buyer's Agent

Helene V. Lorraine

Bulldog Realtors, Inc. License #01437689

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,922 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,362 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Car Garage
  • Uncovered Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4238-021-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3362
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 550.27

Exterior Features

  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage, Uncovered
  • Total Parking: 7

Lot Info

  • Assessed Improvement Value: 247400
  • Assessed Land Value: 1002600
  • Assessor Parcel Number: 4238-021-022
  • Lot Size Area: 5922

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: Quadruplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2014
Sold by
Bever John Fabian
Bought by
California Eco Homes Llc
Current Estimated Value
$3,657,938

Purchase Details

Closed on
May 2, 2014
Sold by
California Eco Homes Llc
Bought by
Bever John Fabian and Wiseman Nicola

Purchase Details

Closed on
Mar 7, 2013
Sold by
Chaing Hoonae
Bought by
California Echo Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,530,000
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2012
Sold by
Cameron Tammy
Bought by
Chaing Hoonae and Chaing Jung Yong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 26, 2007
Sold by
Hoffman John Y
Bought by
Cameron Tammy and Nichols James Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,750
Interest Rate
6.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 24, 2006
Sold by
Hoffman John Y
Bought by
Larson Jean Y

Purchase Details

Closed on
Jan 7, 2004
Sold by
Hoffman John Y
Bought by
Larson Jean Y

Purchase Details

Closed on
Dec 16, 2003
Sold by
Hoffman John Y
Bought by
Larson Jean Y

Purchase Details

Closed on
Jul 26, 2003
Sold by
Hoffman John Y
Bought by
Hoffman John Y and Hoffman Dorothy E

Purchase Details

Closed on
May 8, 2002
Sold by
Hoffman John Y
Bought by
Hoffman John Y and Hoffman Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
6.84%

Purchase Details

Closed on
Mar 22, 2002
Sold by
Hoffman John Y
Bought by
Hoffman John Y and Hoffman Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
6.84%

Purchase Details

Closed on
Oct 7, 1998
Sold by
Hoffman John Y
Bought by
Hoffman John Y and Hoffman Dorothy E

Purchase Details

Closed on
Feb 2, 1998
Sold by
Hoffman John Y
Bought by
Hoffman John Y and Hoffman Dorothy E

Purchase Details

Closed on
Dec 9, 1997
Sold by
Trust Hoffman, John Y Co Tr Hoffman Famil
Bought by
Hoffman John Y and Hoffman Dorothy E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
California Eco Homes Llc -- None Available
Bever John Fabian -- Ticor Title Company Of Ca
California Echo Homes Llc $2,301,000 Stewart Title Of Ca Inc
Chaing Hoonae $1,850,000 --
Cameron Tammy $1,465,000 Stewart Title Of California
Larson Jean Y -- Stewart Title Of California
Larson Jean Y -- None Available
Larson Jean Y -- --
Larson Jean Y -- --
Hoffman John Y -- --
Hoffman John Y -- --
Hoffman John Y -- Fidelity National Title Ins
Hoffman John Y -- --
Hoffman John Y -- --
Hoffman John Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner California Echo Homes Llc $1,530,000
Previous Owner Chaing Hoonae $1,200,000
Previous Owner Larson Jean Y $219,750
Previous Owner Cameron Tammy $952,250
Previous Owner Hoffman John Y $317,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2012 08/17/12 Sold $1,850,000 0.0% $550 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
05/03/2012 05/03/12 For Sale $1,850,000 -- $550 / Sq Ft
Source: The MLS

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 $33,309 $2,788,283 $1,946,993 $841,290
2024 $33,309 $2,733,612 $1,908,817 $824,795
2023 $32,662 $2,680,013 $1,871,390 $808,623
2022 $31,139 $2,627,465 $1,834,697 $792,768
2021 $30,759 $2,575,947 $1,798,723 $777,224
2019 $29,835 $2,499,545 $1,745,373 $754,172
2018 $29,713 $2,450,535 $1,711,150 $739,385
2016 $28,426 $2,355,380 $1,644,705 $710,675
2015 $28,008 $2,320,000 $1,620,000 $700,000
2014 $28,553 $2,311,446 $2,009,080 $302,366
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Sedonna Norman

    Compass

    Section Image

  • H

    Buyer's Agent in 2012

    Helene V. Lorraine

    Bulldog Realtors, Inc.

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Map

Source: The MLS

MLS Number: 12-598443

The MLS

APN: 4238-021-022

California Los Angeles County Venice 90291 Venice

217 N Venice Blvd, Venice, CA

Not Listed for Sale

MultiFamily

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