NOT LISTED FOR SALE

Estimated Value: $2,217,090

4 Beds
4 Baths
1,872 Sq Ft
$1,184/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2025

Last sale price $2,500,000 $1,335 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $14,544 / mo

60 Days on Market

Highlights

  • Ocean View
  • Midcentury Modern Architecture
  • Breakfast Area or Nook
  • Gated Parking
  • Wood Flooring
  • Living Room

About This Home

As of January 2025

A rare opportunity just steps from the sand and a block from the iconic Venice sign, this mid-century modern duplex epitomizes beachside living. With ocean views and an unbeatable location, the property features two distinct units: an updated 1-bedroom owner's suite with the opportunity to easily convert to a 2-bedroom, upstairs and a 3-bedroom unit downstairs, offering exceptional rental income with significant upside potential.Set on a spacious lot with a two-car garage onsite and two additional off-street parking spaces accessible via the alley. This property boasts multiple secure patio spaces at the front, middle, and rear of the residence. Recent upgrades include kitchens, resort-style bathrooms, sleek new flooring, upgraded doors, modern lighting, and landscaping.Ideal for an owner-user, the property also presents unique opportunities: convert the existing garage into an ADU with a rooftop deck or reimagine the duplex as a single-family home. Whether for personal enjoyment or leveraging Venice's soaring rental market, this one-of-a-kind offering is primed for endless possibilities. Both units will be delivered vacant.

Last Agent to Sell the Property

Tracy Tutor

Compass License #01326769 Listed on: 11/21/2024

Compass

Co-Listed By

Tammy Ly

Compass License #02167784

Last Buyer's Agent

Dimitre Petrov

CRI License #02071423

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 2,641 Sq Ft Lot
  • Gated Home
  • Front Yard

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • Gated Parking
  • Assigned Parking

Property Views

  • Ocean
  • Trees

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Location

  • City Lot

Utilities

  • Central Heating
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-010-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1957 | Remodeled

Lot Details

2,641 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1872
  • Lot Acreage: 0.0606
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting
  • Flooring: Hardwood
  • Appliances: Gas, Microwave
  • Bedrooms: 4
  • Bedroom Features: Primary Bedroom
  • Common Walls: Attached
  • Bathroom Features: Remodeled
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Microwave, Refrigerator, Range/Oven, Washer, Dryer
  • Price Per S Q F T: 1388.89

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Water, Tree Top, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Parking Garage: Garage - 2 Car, Gated, Assigned
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Central
  • Security: Gated
  • Sewer: In Street
  • Water: Public

Lot Info

  • Assessed Improvement Percent: 14.91
  • Assessed Improvement Value: 334654
  • Assessed Land Percent: 85.09
  • Assessed Land Value: 1910324
  • Total Assessed Value: 2244978
  • Assessor Parcel Number: 4226-010-008
  • Lot Description: Front Yard
  • Lot Location: City
  • Lot Size Area: 2641

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Apartment

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

Listed on
Nov 21, 2024
Closed on
Jan 25, 2025
Sold by
Bought by
Seller's Agent
Tracy Tutor
Compass
Buyer's Agent
Dimitre Petrov
CRI
List Price
$2,600,000
Sold Price
$2,500,000
Premium/Discount to List
-$100,000
-3.85%
Views
66
Current Estimated Value
$2,217,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$282,910
Avg. Annual Appreciation
-7.69%
Original Mortgage
$1,875,000
Outstanding Balance
$1,846,123
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$370,967

Purchase Details

Closed on
Apr 7, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,408,750
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 15, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$753,730
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

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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
$2,500,000 Fidelity National Title
$2,012,500 Lawyers Title Company
-- Old Republic Title
$1,150,000 --
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 $1,875,000
Previous Owner $1,408,750
Previous Owner $753,730
Previous Owner $250,000
Previous Owner $863,500
Previous Owner $862,500
Previous Owner $487,500
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
01/31/2025 01/31/25 Sold $2,500,000 -3.8% $1,335 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
11/21/2024 11/21/24 For Sale $2,600,000 -- $1,389 / 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
2025 $28,023 $2,335,673 $1,987,500 $348,173
2024 $27,741 $2,289,877 $1,948,530 $341,347
2023 $27,200 $2,244,978 $1,910,324 $334,654
2022 $25,925 $2,200,960 $1,872,867 $328,093
2021 $25,614 $2,157,805 $1,836,145 $321,660
2019 $24,840 $2,093,805 $1,781,685 $312,120
2018 $24,751 $2,052,750 $1,746,750 $306,000
2016 $16,310 $1,354,112 $1,083,294 $270,818
2015 $16,070 $1,333,773 $1,067,022 $266,751
2014 $16,123 $1,307,647 $1,046,121 $261,526
Source: Public Records

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Map

Source: The MLS

MLS Number: 24-465713

The MLS

APN: 4226-010-008

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