NOT LISTED FOR SALE

Estimated Value: $2,179,000 - $3,374,742

5 Beds
5 Baths
3,048 Sq Ft
$927/Sq Ft Est. Value

Last Sold September 11, 2013

Last sale price $1,681,875 $552 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $16,818/month

17 Days on Market

About This Home

As of September 2013

Great Venice walk street triplex. Less then a block to the sand. Second floor has 3 bedroom, 2 bath unit + Studio apartment. Lower 2 bedroom, 2 bath with hardwood floors, new paint ready for owner or new tenant. Was owners unit. The unit in photos & virtual tour are lower unit only (2+2) . Trust sale see private remarks. Do not disturb tenants. The 2 bedroom unit is projected rent. Owners are leaving vacant for new owner.

Last Agent to Sell the Property

Ian Hale

Estate Properties License #01120121 Listed on: 07/11/2013

Estate Properties

Co-Listed By

Tina Hale

Estate Properties License #00468292

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 2,641 Sq Ft Lot
  • Lot Dimensions are 30x88

Home Design

  • Triplex
  • Slab Foundation

Interior Spaces

  • 3,048 Sq Ft Home
  • 2-Story Property
  • Bamboo Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-015-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3048
  • Lot Dimensions: 30X88
  • Stories: 2
  • Year Built: 1968
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Bamboo, Mixed
  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Equipment: Cable, Dishwasher
  • Price Per S Q F T: 577.03

Exterior Features

  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool: No
  • View: No

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Carport
  • Total Parking: 3

Utilities

  • Heating: Wall Electric
  • Water Expense: 700.00

Fee Information

  • Insurance Expense: 1300.00
  • Maintenance Expense: 1700.00

Lot Info

  • Assessed Improvement Value: 214482
  • Assessed Land Value: 506250
  • Assessor Parcel Number: 4226-015-011
  • Geocode Override: No
  • Lot Size Area: 2641

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 3
  • Rent Control: 100
  • Type Of Units: Triplex

Tax Info

  • Tax Expense: 9304.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2016
Sold by
Dru Mark I
Bought by
The Mark I Dru Trust
Current Estimated Value
$2,825,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Outstanding Balance
$472,867
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$2,352,319

Purchase Details

Closed on
Dec 15, 2014
Sold by
Dru Mark Irwin
Bought by
Dru Mark I and The Mark I Dru Trust

Purchase Details

Listed on
Jul 11, 2013
Closed on
Aug 28, 2013
Sold by
Stamos Gregory
Bought by
Dru Mark Irwin and Wynne Richard L
Seller's Agent
Ian Hale
Estate Properties
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,758,800
Sold Price
$1,681,875
Premium/Discount to List
-$76,925
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$625,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2002
Sold by
Hakim Falk Al
Bought by
Stamos Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$844,400
Interest Rate
5.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 6, 1995
Sold by
Studebaker Kendon D
Bought by
Hakim Faik Al and Essahki Thoraya Al

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
7.25%

Purchase Details

Closed on
Feb 1, 1995
Sold by
Studebaker Stacy L
Bought by
Studebaker Kendon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9.23%

Purchase Details

Closed on
Jan 4, 1995
Sold by
Studebaker Stacy Lee and Studebaker Kendon Dean
Bought by
Studebaker Kendon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9.23%

Purchase Details

Closed on
Sep 28, 1992
Sold by
Wilkinson Joy Lee
Bought by
Wilkinson Joy Lee and Joy Lee Wilkinson Living Trust
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
The Mark I Dru Trust -- Title 365
Dru Mark I -- None Available
Dru Mark Irwin $1,682,000 Progressive
Stamos Gregory $844,500 Gateway Title Company
Hakim Faik Al $340,000 Gateway Title Company
Studebaker Kendon D -- Gateway Title Company
Studebaker Kendon D -- American Coast Title
Studebaker Kendon D -- American Coast Title
Wilkinson Joy Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Mark I Dru Trust $592,000
Closed Dru Mark Irwin $625,000
Previous Owner Stamos Gregory $844,400
Previous Owner Hakim Faik Al $221,000
Previous Owner Studebaker Kendon D $60,000
Closed Hakim Faik Al $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2013 09/11/13 Sold $1,681,875 -4.4% $552 / Sq Ft
07/28/2013 07/28/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $1,758,800 -- $577 / 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 $24,535 $2,061,892 $1,348,446 $713,446
2024 $24,535 $2,021,463 $1,322,006 $699,457
2023 $24,058 $1,981,828 $1,296,085 $685,743
2022 $22,933 $1,942,970 $1,270,672 $672,298
2021 $22,647 $1,904,873 $1,245,757 $659,116
2019 $21,963 $1,848,375 $1,208,808 $639,567
2018 $21,886 $1,812,133 $1,185,106 $627,027
2016 $20,926 $1,741,768 $1,139,088 $602,680
2015 $20,617 $1,715,606 $1,121,978 $593,628
2014 $20,686 $1,682,000 $1,100,000 $582,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-687677

The MLS

APN: 4226-015-011