Mimi and Jon Torp
Compass
(833) 891-7228
24 Total Sales
1 in Venice
$1,700,000 Price
217 Venice Way Venice, CA 90291
Venice NeighborhoodEstimated Value: $3,819,934
8
Beds
4
Baths
3,362
Sq Ft
$1,136/Sq Ft
Est. Value
Highlights
- Guest Parking
- Venice High School Rated A
- 4 Car Garage
About This Home
As of March 2013Prime location in Venice. Only 2 blocks from the beach. Well maintained income property. Hard-to-find 4 unit building. Each unit is 2BR/1BA. All units tenant occupied on month/month or short term leases. Current rent is SUBSTANTIALLY under market, but current GSI $119K, GMR 19.32, NOI $94K, Cap Rate 4.10%. Future FMV rent would give GSI $174K, GMR 13.19, NOI $139K, Cap Rate 6.06%. Great opportunity for property development as building sits on 3 separate lots (25x79), which have sold for $600k recently. Hot location, hard-to-find property, increasing rental income, future development potential. Your investor clients will love it!
Last Agent to Sell the Property
Avantge Real Estate License #01478668 Listed on: 02/03/2013
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 5,923 Sq Ft Lot
Interior Spaces
- 3,362 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Car Garage
- Guest Parking
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 4238-021-022
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 1, 2014
Sold by
Bever John Fabian
Bought by
Current Estimated Value
Purchase Details
Closed on
May 2, 2014
Sold by
California Eco Homes Llc
Bought by
Bever John Fabian and Wiseman Nicola
Purchase Details
Listed on
Feb 3, 2013
Closed on
Mar 7, 2013
Sold by
Chaing Hoonae
Bought by
California Echo Homes Llc
Seller's Agent
Andrew Watkins
Avantge Real Estate
Buyer's Agent
Barry Cassilly
Power Brokers
List Price
$2,295,000
Sold Price
$2,301,000
Premium/Discount to List
$6,000
0.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
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
$952,250
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.16%
Mortgage Type
Unknown
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.16%
Mortgage Type
Unknown
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Mimi and Jon Torp
-
Donald Heller
Donald Heller
Christie's International Real Estate SoCal
(424) 238-6571
110 Total Sales
7 in Venice
$1.9M - $3.3M Price Range
-
David Lukan
David Lukan
Compass
(805) 618-2866
47 Total Sales
2 in Venice
$2,715,000 Price Range
-
Eitan Dagan
Eitan Dagan
Equity Union
(424) 321-8056
23 Total Sales
1 in Venice
$1,710,000 Price
-
Dennis Chernov
Dennis Chernov
Equity Union
(626) 657-2705
465 Total Sales
1 in Venice
$3,000,000 Price
-
Cindy Ambuehl
Cindy Ambuehl
Responds QuicklyChristie's International Real Estate SoCal
(747) 294-3863
115 Total Sales
2 in Venice
$3.6M - $7.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | 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 | -- | |
| Larson Jean Y | -- | Stewart Title Of California | |
| Cameron Tammy | $1,465,000 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,600,000 | ||
| Previous Owner | California Echo Homes Llc | $1,530,000 | |
| Previous Owner | Chaing Hoonae | $1,200,000 | |
| Previous Owner | Cameron Tammy | $952,250 | |
| Previous Owner | Larson Jean Y | $219,750 | |
| Previous Owner | Hoffman John Y | $317,000 | |
| Previous Owner | Hoffman John Y | $320,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2013 03/18/13 | Sold | $2,301,000 | +0.3% | $684 / Sq Ft |
| 02/15/2013 02/15/13 | Pending | -- | -- | -- |
| 02/03/2013 02/03/13 | For Sale | $2,295,000 | -- | $683 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $33,655 | $2,844,047 | $1,985,932 | $858,115 |
| 2025 | $33,655 | $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
-
Andrew Watkins
Seller's Agent in 2013
Andrew Watkins
Avantge Real Estate
(310) 383-6239
52 Total Sales
-
Barry Cassilly
Buyer's Agent in 2013
Barry Cassilly
Power Brokers
(310) 930-6222
9 in this area
11 Total Sales
Map
Source: The MLS
MLS Number: 13-649285
APN: 4238-021-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 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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