NOT LISTED FOR SALE

220 Rennie Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,924,000 - $2,425,000

2 Beds
2 Baths
1,700 Sq Ft
$1,332/Sq Ft Est. Value

Last Sold November 17, 2017

Last sale price $1,685,000 $991 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $13,973/month

20 Days on Market

Highlights

  • Central Heating and Cooling System
  • 1-Story Property
  • 4-minute walk to Ozone Park
  • Venice High School Rated A

About This Home

As of November 2017

Pride of ownership Spanish contemporary duplex with side by side large home like cottages (one to be delivered vacant) with private courtyards & private one car garages. The one car garages are part of the courtyards and could be a 2nd bedroom or office for each cottage. Rennie is one of the best streets in all of Venice and this duplex is located steps from the best part of Rose Avenue and walking distance to Abbott Kinney and the beach. Incredible lifestyle where you move right in to the remodeled cottage (each cottage is 850sf) and have a nice income from your rental cottage. Future use can be AirBnB, combine two cottages for large home, add 2nd story, or just keep as long term rental as your mortgage gets paid for. Seller has an exchange property with deadline and must sell. Price reduction is $300,000. This is a MUST SEE property as it does not get any more charming, better condition, & location. Easy to show on lockbox.

Last Agent to Sell the Property

Stacey Valnes

Create License #00989680 Listed on: 09/27/2017

Co-Listed By

Heather Bell

The Agency License #01897826

Last Buyer's Agent

Stacey Valnes

Create License #00989680 Listed on: 09/27/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,856

Year Built

  • Built in 1923

Lot Details

  • 4,131 Sq Ft Lot

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • Alarm System

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-005-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,856

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: SELLER MUST SELL. HUGE PRICE REDUCTION. Pride of ownership Spanish contemporary duplex with side by side large home like cottages (one to be delivered vacant) with private courtyards & private one car garages. The one car garages are part of the courtyards and could be a 2nd bedroom or office for each cottage. Rennie is one of the best streets in all of Venice and this duplex is located steps from the best part of Rose Avenue and walking distance to Abbott Kinney and the beach. Incredible lifestyle where you move right in to the remodeled cottage (each cottage is 850sf) and have a nice income from your rental cottage. Future use can be AirBnB, combine two cottages for large home, add 2nd story, or just keep as long term rental as your mortgage gets paid for. Seller has an exchange property with deadline and must sell. Price reduction is $300,000. This is a MUST SEE property as it does not get any more charming, better condition, & location. Easy to show on lockbox.
  • Living Area: 1700
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System, Cable, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1114.71

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4240-005-015
  • Geocode Override: No
  • Lot Size Area: 4131

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Cottages
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2022
Sold by
Henry Richard H
Bought by
Dume Llc
Current Estimated Value
$2,264,984

Purchase Details

Listed on
Sep 27, 2017
Closed on
Nov 7, 2017
Sold by
Sibley Kelley Norris
Bought by
Henry Richard H
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Stacey Valnes
Create
List Price
$1,895,000
Sold Price
$1,685,000
Premium/Discount to List
-$210,000
-11.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$1,348,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 27, 2017
Closed on
Oct 30, 2017
Sold by
Bartoccini Richard A and Bartoccini Judi L
Bought by
Henry Richard H
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Stacey Valnes
Create
List Price
$1,895,000
Sold Price
$1,685,000
Premium/Discount to List
-$210,000
-11.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,348,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 16, 2011
Sold by
Bartoccini Richard and Bartoccini Judi
Bought by
Bartoccini Richard A and Bartoccini Judi L

Purchase Details

Closed on
Aug 2, 2000
Sold by
Trust Mitchell Ruth Co Tr Mitchell Famil
Bought by
Bartoccini Richard and Bartoccini Judi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
9.12%
Source: Public Records

Range of Values:

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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
Dume Llc -- Albrecht & Barney Emr
Henry Richard H -- Fidelity National Title Co
Henry Richard H $1,685,000 Fidelity National Title Co
Bartoccini Richard A -- Old Republic Title Company
Bartoccini Richard $265,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henry Richard H $100,000
Previous Owner Henry Richard $1,500,000
Previous Owner Henry Richard H $1,348,000
Previous Owner Bartoccini Richard $0
Previous Owner Bartoccini Richard $375,000
Previous Owner Bartoccini Richard $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2017 11/17/17 Sold $1,685,000 -11.1% $991 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
09/27/2017 09/27/17 For Sale $1,895,000 -- $1,115 / 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 $22,856 $1,917,238 $1,689,675 $227,563
2024 $22,856 $1,879,646 $1,656,545 $223,101
2023 $22,412 $1,842,791 $1,624,064 $218,727
2022 $21,366 $1,806,659 $1,592,220 $214,439
2021 $21,109 $1,771,235 $1,561,000 $210,235
2019 $20,473 $1,718,700 $1,514,700 $204,000
2018 $20,370 $1,685,000 $1,485,000 $200,000
2017 $5,778 $466,122 $324,582 $141,540
2016 $5,638 $456,983 $318,218 $138,765
2015 $5,557 $450,120 $313,439 $136,681
2014 $5,587 $441,304 $307,300 $134,004
Source: Public Records

Agents Affiliated with this Home

  • Stacey Valnes

    Seller's Agent in 2017

    Stacey Valnes

    Create

    (310) 455-0096

    9 in this area

    75 Total Sales

    Stacey Valnes
    Section Image
  • Heather Bell

    Seller Co-Listing Agent in 2017

    Heather Bell

    The Agency

    (310) 779-7211

    1 in this area

    46 Total Sales

    Heather Bell
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-274546

The MLS

APN: 4240-005-015

California Los Angeles County Venice 90291 Venice

220 Rennie Ave, Venice, CA

This home is located at 220 Rennie Ave, Venice, CA 90291 since 27 September 2017 and is currently estimated at $2,264,984, approximately $1,332 per square foot. This property was built in 1923. 220 Rennie Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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