NOT LISTED FOR SALE

23 Rose Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,585,000 - $1,858,000

4 Beds
4 Baths
2,644 Sq Ft
$646/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $1,557,100 $589 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,515/month

59 Days on Market

Highlights

  • Ocean Front
  • Balcony
  • Living Room
  • Venice High School Rated A
  • Side by Side Parking
  • 4-minute walk to Venice Beach Playground

About This Home

As of October 2023

RARE opportunity to own an income property just a few steps from Venice Beach! 23 Rose Avenue couldn't be more perfect! Less than a block from Venice Beach and the iconic Boardwalk, residents enjoy the best of beach relaxation and urban convenience. The property features an excellent unit mix of (2) Studios and (2) 1 Bed + 1 Bath units. One of Studios will be delivered vacant! High rental demand in Venice, known for its beachfront living and eclectic arts scene, makes this an exceptional investment. Easy access to major transportation routes and local amenities ensures a comfortable lifestyle.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 07/24/2023

Keller Williams Studio City

Co-Listed By

David Rothblum

RE/MAX One License #01332525

Last Buyer's Agent

Francyne Lambert

Lambert Investments, Inc. License #00827267

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 3,111 Sq Ft Lot
  • Ocean Front

Property Views

  • Ocean
  • Coastline

Home Design

  • Bungalow

Interior Spaces

  • 2,644 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Oven or Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-019-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2644
  • Lot Acreage: 0.0714
  • Stories: 2
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile, Mixed
  • Bedrooms: 4
  • Bathroom Features: Tile
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 737.52

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Balcony
  • Pool: No
  • Spa Yn: No
  • View: Water, Coastline, Ocean
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Assigned, Uncovered, Side By Side, Parking Space
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan, Wall/Window
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 16.34
  • Assessed Improvement Value: 362877
  • Assessed Land Percent: 83.66
  • Assessed Land Value: 1857657
  • Total Assessed Value: 2220534
  • Assessor Parcel Number: 4286-019-007
  • Lot Description: Walk Street, Street Lighting, Sidewalks
  • Lot Location: Ocean Access, Beach Access
  • Lot Size Area: 3111

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.90
  • Number Of Units: 4
  • Type Of Units: 2
  • Vacancy Allow Percent: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Sep 18, 2023
Sold by
Mandar Trust and Forman Legacy Trust
Bought by
Nsy Rose Llc
Seller's Agent
David Weinberger
Keller Williams Studio City
Buyer's Agent
Francyne Lambert
Lambert Investments, Inc.
List Price
$1,950,000
Sold Price
$1,557,100
Premium/Discount to List
-$392,900
-20.15%
Views
54
Current Estimated Value
$1,708,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,567
Avg. Annual Appreciation
4.29%

Purchase Details

Closed on
Jan 12, 2021
Sold by
Goldman Lawrence Ronald
Bought by
Goldman Darlene F

Purchase Details

Closed on
Dec 27, 2017
Sold by
Tula Llc
Bought by
Forman Lorraine and The Lorraine Forman Revocable Trust

Purchase Details

Closed on
Sep 29, 2004
Sold by
Forman Abraham Harry
Bought by
Tula Llc

Purchase Details

Closed on
Apr 26, 2002
Sold by
Forman Lorraine
Bought by
Forman Lorraine and Lorraine Forman Revocable 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
Nsy Rose Llc $1,557,500 Lawyers Title
Goldman Darlene F -- Ticor Title
Forman Lorraine -- None Available
Tula Llc -- --
Forman Lorraine -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2023 10/13/23 Sold $1,557,100 -20.1% $589 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,950,000 +25.2% $738 / Sq Ft
07/31/2023 07/31/23 Off Market $1,557,100 -- --
07/24/2023 07/24/23 For Sale $1,950,000 -- $738 / 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 $19,067 $1,588,242 $1,326,000 $262,242
2024 $19,067 $1,557,100 $1,300,000 $257,100
2023 $27,556 $2,264,944 $1,894,810 $370,134
2022 $26,269 $2,220,534 $1,857,657 $362,877
2021 $23,140 $1,937,985 $1,664,009 $273,976
2020 $23,334 $1,914,170 $1,688,975 $225,195
2019 $22,399 $1,876,638 $1,655,858 $220,780
2018 $7,033 $562,742 $337,649 $225,093
2016 $6,710 $540,892 $324,539 $216,353
2015 $6,614 $532,769 $319,665 $213,104
2014 $6,660 $522,334 $313,404 $208,930
Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2023

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    5 in this area

    69 Total Sales

    David Weinberger
    Section Image
  • David Rothblum

    Seller Co-Listing Agent in 2023

    David Rothblum

    RE/MAX

    (818) 400-0803

    7 in this area

    115 Total Sales

    David Rothblum
    Section Image
  • Francyne Lambert

    Buyer's Agent in 2023

    Francyne Lambert

    Lambert Investments, Inc.

    (310) 720-9299

    6 in this area

    18 Total Sales

    Francyne Lambert
    Section Image
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Map

Source: The MLS

MLS Number: 23-292047

The MLS

APN: 4286-019-007

California Los Angeles County Venice 90291 Venice

23 Rose Ave, Venice, CA

Not Listed for Sale

MultiFamily

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