NOT LISTED FOR SALE

Estimated Value: $2,412,913

5 Beds
3 Baths
2,519 Sq Ft
$958/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2025

Last sale price $2,750,000 $1,092 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $15,686 / mo

95 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • Granite Countertops
  • Contemporary Architecture
  • Bonus Room
  • Den

About This Home

As of February 2025

Exquisite triplex nestled on a prime corner lot in Venice's highly sought-after Silver Triangle neighborhood. This impeccably maintained property offers the charm and feel of single-family living with three unique individual homes, each with its own address and each providing tremendous privacy. Perfect for owner-occupants or investors seeking income opportunities in one of LA's most vibrant and desirable areas. 2,519 SF of total interior living space and tremendous lush outdoor areas, this property has been thoughtfully updated including new windows, wood like flooring, modern lighting and recent exterior painting. Additional features include WIFI thermostats, and built-ins throughout enhance comfort and convenience. The townhouse-style unit, 2318 Beach Ave, features an open-concept layout with a modern kitchen flowing into the dining, living area and outdoor oasis ideal for entertaining. Upstairs, the primary bedroom offers garden views with ample closet space and no common wall. The second room on the first level is a flexible space that provides extra space for sleeping quarters or a den/office. 614 Mildred Ave is a single-level residence offering two bedrooms and one bathroom beautifully remodeled with a lovely outdoor lounge area. 618 Mildred has no common walls at all and as you enter the gate from the street level you will find yourself in a private garden space with steps leading to the front door. Upon entering this charming and bright one bedroom with laminate floors, there are windows on all sides, beautiful kitchen and remodeled en-suite bathroom. All units have their own private outdoor spaces, mature landscaping, and laundry facilities, making them perfect for residents seeking the ultimate Venice lifestyle. Moments away from Abbot Kinney Blvd, Venice Beach, and the iconic Venice Canals, this triplex is a rare opportunity to own a stylish, income-generating property in the heart of Silicon Beach. 2318 Beach Ave unit will be delivered vacant. Experience the best of coastal living while enjoying the benefits of a versatile, move-in-ready investment. Don't miss out on this gem - Venice's finest awaits!

Last Agent to Sell the Property

Jennifer Portnoy

Compass License #01215535 Listed on: 10/16/2024

Compass

Last Buyer's Agent

Jennifer Portnoy

Compass License #01215535 Listed on: 10/16/2024

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936 | Remodeled

Lot Details

  • 4,428 Sq Ft Lot
  • No Common Walls
  • Sprinkler System

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,519 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Skylights in Kitchen
  • Recessed Lighting
  • French Doors
  • Living Room
  • Den
  • Bonus Room
  • Storage
  • Laminate Flooring
  • Property Views

Kitchen

  • Galley Kitchen
  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Bathrooms
  • Low Flow Toliet
  • Linen Closet In Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Stone Porch or Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for gas, water, electricity, trash collection, insurance
  • Assessor Parcel Number 4228-005-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1936 | Remodeled

Lot Details

4,428 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Two, Multi/Split, One
  • Street Number Display: Yes
  • Entry Location: Living Room
  • Living Area: 2519
  • Lot Acreage: 0.1017
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1936
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Detached/No Common Walls, Built-Ins, Recessed Lighting, Storage Space, Laundry - Closet Stacked, Open Floor Plan
  • Number Carpet: 0
  • Number Dishwasher: 3
  • Number Disposal: 3
  • Flooring: Laminate
  • Appliances: Cooktop - Gas, Range, Range Hood, Oven, Built-In And Free Standing
  • Bedrooms: 5
  • Bedroom Features: Ground Floor Primary, WalkInCloset, Primary Bedroom, Main Floor Bedroom
  • Common Walls: Attached
  • Bathroom Features: Low Flow Toilet(s), Remodeled, Linen Closet, Tile
  • Kitchen Features: Granite Counters, Remodeled, Skylight(s), Pantry, Counter Top, Galley Kitchen
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Dishwasher, Ceiling Fan, Built-Ins, Freezer, Garbage Disposal, Microwave, Washer, Range/Oven, Refrigerator
  • Price Per S Q F T: 1268.36

Exterior Features

  • Other Features: French Doors
  • Other Structures: Accessory Bldgs
  • Number Patio: 3
  • Patio: Rock/Stone, Patio Open, Balcony
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Number Rented Garages: 0
  • Parking Garage: On street

Utilities

  • Water Heater: Gas
  • Cooling: Ceiling Fan
  • Heating: Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 18.65
  • Assessed Improvement Value: 428879
  • Assessed Land Percent: 81.35
  • Assessed Land Value: 1870991
  • Total Assessed Value: 2299870
  • Assessor Parcel Number: 4228-005-001
  • Lot Size Area: 4428

Rental Info

  • Number Leased: 2
  • Tenant Pays: Gas, Water, Electricity, Trash Collection, Insurance

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.60
  • Number Of Units: 3
  • Type Of Units: SFR, Apt

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
Oct 16, 2024
Closed on
Jan 24, 2025
Sold by
Bought by
Seller's Agent
Jennifer Portnoy
Compass
Buyer's Agent
Jennifer Portnoy
Compass
List Price
$3,195,000
Sold Price
$2,750,000
Premium/Discount to List
-$445,000
-13.93%
Views
26
Current Estimated Value
$2,412,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$337,087
Avg. Annual Appreciation
-8.51%
Original Mortgage
$1,510,000
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 22, 2018
Sold by
Bought by
Seller's Agent
Jonathan Pearson
Douglas Elliman
Buyer's Agent
Jennifer Portnoy
Compass
List Price
$2,295,000
Sold Price
$2,145,000
Premium/Discount to List
-$150,000
-6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%

Purchase Details

Closed on
Apr 28, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2014
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
$967,950
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 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
$837,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
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
$837,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2011
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
$676,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2010
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
$690,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 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
$750,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 1994
Sold by
Bought by
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
$2,750,000 Fidelity National Title
$2,145,000 Fidelity National Title Comp
-- Fidelity National Title Co
$1,700,000 Fidelity National Title Co
-- None Available
-- None Available
-- Lawyers Title Company
-- Fidelity National Title Co
-- Ticor Title Company
$950,000 Lawyers Title Company
$360,000 Southland Title Corporation
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 $1,502,000
Closed $1,510,000
Previous Owner $967,950
Previous Owner $837,000
Previous Owner $676,000
Previous Owner $690,000
Previous Owner $750,000
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 Prior Sale
02/14/2025 02/14/25 Sold $2,750,000 -13.9% $1,092 / Sq Ft
01/19/2025 01/19/25 Pending -- -- --
10/16/2024 10/16/24 For Sale $3,195,000 +49.0% $1,268 / Sq Ft
09/11/2018 09/11/18 Sold $2,145,000 0.0% $1,078 / Sq Ft View Prior Sale
08/14/2018 08/14/18 Pending -- -- --
08/01/2018 08/01/18 Price Changed $2,145,000 -6.5% $1,078 / Sq Ft
06/29/2018 06/29/18 For Sale $2,295,000 0.0% $1,153 / Sq Ft
04/16/2016 04/16/16 Rented $3,995 0.0% --
04/08/2016 04/08/16 For Rent $3,995 +2.4% --
07/13/2015 07/13/15 Rented $3,900 -2.4% --
07/12/2015 07/12/15 Under Contract -- -- --
06/18/2015 06/18/15 For Rent $3,995 -- --
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 $28,775 $2,392,783 $1,946,578 $446,205
2024 $28,472 $2,345,866 $1,908,410 $437,456
2023 $27,917 $2,299,870 $1,870,991 $428,879
2022 $26,611 $2,254,775 $1,834,305 $420,470
2021 $26,291 $2,210,565 $1,798,339 $412,226
2020 $26,568 $2,187,900 $1,779,900 $408,000
2019 $25,499 $2,145,000 $1,745,000 $400,000
2018 $21,746 $1,795,651 $1,584,398 $211,253
2016 $20,810 $1,725,925 $1,522,875 $203,050
2015 $14,809 $1,222,224 $952,721 $269,503
2014 $13,730 $1,105,026 $896,102 $208,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-450687

The MLS

APN: 4228-005-001

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