NOT LISTED FOR SALE

Estimated Value: $1,516,000 - $2,181,000

2 Beds
4 Baths
1,890 Sq Ft
$943/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $1,590,000 $841 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,774/month

96 Days on Market

Highlights

  • Built-In Features
  • Bathtub with Shower
  • North Facing Home
  • Venice High School Rated A
  • Bungalow
  • Historic Home

About This Home

As of July 2023

New gross rental income increase. Character craftsman three blocks to beach. Four legal units, two separate buildings. 1 bedroom upper unit delivered vacant. Front units are side by side singles with separate kitchens, h/wood flrs, walk-in closets and 40s style tile bathrooms. Back units are two upper/ lower 1 bedrooms. Great for owner/user. Feature grassy common area between buildings and extemely cool neighbors. Upside potential on rents. $110,000 gross income reflects 5% allowable increase February 2024 and market rental value of 1 bedroom owner unit delivered vacant. Please do not disturb tenants.

Last Agent to Sell the Property

Winston Cenac

Bulldog Realtors, Inc. License #01218663 Listed on: 03/20/2023

Co-Listed By

Mia Hultgren

Bulldog Realtors, Inc. License #02178175

Last Buyer's Agent

Shelby Ring

Compass License #01949380

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,383

Year Built

  • Built in 1940

Lot Details

  • 2,850 Sq Ft Lot
  • North Facing Home
  • Historic Home

Home Design

  • Bungalow
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 1,890 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Drapes & Rods
  • Blinds

Kitchen

  • Gas Oven
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Water Heater
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • The owner pays for electricity, gardener, water
  • Assessor Parcel Number 4238-013-027

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,383

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Alley: Yes
  • Building Permit: Yes
  • Disability Access: Entry Slope Less than 1 foot
  • Living Area: 1890
  • Lot Acreage: 0.0654
  • Stories: 2
  • Year Built: 1940
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins
  • Appliances: Oven-Gas
  • Bedrooms: 2
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Kitchen Features: Counter Top
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Cable, Garbage Disposal, Refrigerator, Range/Oven
  • Price Per S Q F T: 846.03
  • Windows: Window Blinds, Drapes/Curtains, Mini Blinds

Exterior Features

  • Direction Faces: North
  • Other Features: Historical
  • Other Structures: None
  • Foundation Details: Slab
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No

Utilities

  • Water Heater: Water Heater Unit
  • Heating: Wall Gas
  • Security: Fire and Smoke Detection System, Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 40.91
  • Assessed Improvement Value: 162319
  • Assessed Land Percent: 59.09
  • Assessed Land Value: 234470
  • Total Assessed Value: 396789
  • Assessor Parcel Number: 4238-013-027
  • Lot Location: City
  • Lot Size Area: 2850

Rental Info

  • Owner Pays: Electricity, Gardener, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.40
  • Gross Scheduled Income: 75998.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: garden
  • Vacancy Rate: 0

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
Jun 14, 2023
Sold by
Island Boy Trust
Bought by
90018 Collection Llc
Seller's Agent
Winston Cenac
Bulldog Realtors, Inc.
Buyer's Agent
Shelby Ring
Compass
List Price
$1,689,000
Sold Price
$1,590,000
Premium/Discount to List
-$99,000
-5.86%
Views
271
Current Estimated Value
$1,672,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,849
Avg. Annual Appreciation
5.73%
Original Mortgage
$1,431,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2016
Sold by
Cenac Winston and Island Boy Trust
Bought by
Cenac Winston and Island Boy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2012
Sold by
Cenac Winston
Bought by
Cenac Winston and Island Boy Trust
Source: Public Records

Range of Values:

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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
90018 Collection Llc $1,590,000 Orange Coast Title
Cenac Winston -- Lawyers Title Company
Cenac Winston -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 90018 Collection Llc $2,475,000
Closed 90018 Collection Llc $1,431,000
Previous Owner Cenac Winston $250,000
Previous Owner Cenac Winston $1,125,000
Previous Owner Cenac Winston $140,000
Previous Owner Cenac Winston $760,000
Previous Owner Cenac Winston $516,000
Previous Owner Cenac Winston $410,000
Previous Owner Cenac Winston $299,000
Previous Owner Cenac Winston $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $1,590,000 -0.6% $841 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/04/2023 06/04/23 Price Changed $1,599,000 -0.7% $846 / Sq Ft
06/02/2023 06/02/23 Price Changed $1,610,000 -2.4% $852 / Sq Ft
05/18/2023 05/18/23 Price Changed $1,649,000 -2.4% $872 / Sq Ft
03/20/2023 03/20/23 For Sale $1,689,000 0.0% $894 / Sq Ft
12/03/2019 12/03/19 Rented $1,950 0.0% --
11/12/2019 11/12/19 For Rent $1,950 -- --
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 $19,383 $1,621,800 $1,224,000 $397,800
2024 $19,383 $1,590,000 $1,200,000 $390,000
2023 $5,263 $412,818 $243,942 $168,876
2022 $5,027 $404,724 $239,159 $165,565
2021 $4,956 $396,789 $234,470 $162,319
2019 $4,812 $385,221 $227,516 $157,705
2018 $4,770 $377,672 $223,055 $154,617
2016 $4,551 $362,817 $214,395 $148,422
2015 $4,487 $357,368 $211,175 $146,193
2014 $4,527 $350,369 $207,039 $143,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-252283

The MLS

APN: 4238-013-027