$2,078,000
SOLD NOV 21, 2024
4 Beds
2 Baths
2,242 Sq Ft
2,850 Sq Ft Lot

Recently Sold

$927 Per Sq Ft

9% Below List Price

109 Days on Market

Highlights

  • Gated Parking
  • Craftsman Architecture
  • Sun or Florida Room
  • Venice High School Rated A
  • Wood Flooring
  • 5-minute walk to Westminster Dog Park

About This Home

As of November 2024

One-of-a-kind charming Craftsman duplex in the heart of Venice! A true gem nestled in the vibrant heart of Venice. Both bright and spacious units boast a complete remodel, transforming them into an oasis of modern comfort and style, and are in absolute move-in condition. Each unit features hardwood floors, recessed lighting, an open floor plan, an in-unit washer and dryer, a dishwasher, remodeled bathrooms, and an office area. Additionally, each unit has a sunroom, perfect for enjoying the sunny Venice weather. The bottom unit is tenant occupied. Top unit can be delivered vacant. The property includes a gated remote access surface lot with 2-car parking. Excellent choice for an owner-user and/or investor. This special duplex is located two blocks from the beach and Abbot Kinney, which offers high-end shopping and some of the best restaurants that the Westside has to offer.

Last Agent to Sell the Property

Steve Sawaii

Compass License #00607215 Listed on: 07/18/2024

Compass

Co-Listed By

Justin Sawai

Compass License #01972681

Last Buyer's Agent

David Paster

Keller Williams Beverly Hills License #02132722

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,468

Year Built

  • Built in 1913 | Remodeled

Home Design

  • Duplex
  • Craftsman Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,242 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Entryway
  • Living Room
  • Dining Area
  • Sun or Florida Room
  • Carbon Monoxide Detectors
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas and Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • Gated Parking

Utilities

  • Central Heating
  • Tankless Water Heater

Additional Features

  • Balcony
  • 2,850 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 4238-012-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,468

Year Built

Built in 1913 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: One-of-a-kind charming Craftsman duplex in the heart of Venice! A true gem nestled in the vibrant heart of Venice. Both bright and spacious units boast a complete remodel, transforming them into an oasis of modern comfort and style, and are in absolute move-in condition. Each unit features hardwood floors, recessed lighting, an open floor plan, an in-unit washer and dryer, a dishwasher, remodeled bathrooms, and an office area. Additionally, each unit has a sunroom, perfect for enjoying the sunny Venice weather. The property includes a gated remote access surface lot with 2-car parking. Excellent choice for an owner-user and/or investor. This special duplex is located two blocks from the beach and Abbot Kinney, which offers high-end shopping and some of the best restaurants that the Westside has to offer.
  • Living Area: 2242
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1913
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting
  • Number Carpet: 0
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Refrigerator: 2
  • Flooring: Hardwood, Mixed, Vinyl Plank
  • Appliances: Gas/Electric Range
  • Bedrooms: 4
  • Bathroom Features: Remodeled, Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer, Ceiling Fan
  • Price Per S Q F T: 1023.64

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Driveway, Gated
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 4238-012-027
  • Lot Size Area: 2850

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 3420
  • Type Of Units: Duplex
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Nov 16, 2024
Sold by
Wasserman Family Trust and Wasserman Eric C
Bought by
Werner Andreas Marco and Dewerner Tanya Elizabeth
Seller's Agent
Steve Sawaii
Compass
Buyer's Agent
David Paster
Keller Williams Beverly Hills
List Price
$2,295,000
Sold Price
$2,078,000
Premium/Discount to List
-$217,000
-9.46%
Views
21
Current Estimated Value
$2,108,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,288
Avg. Annual Appreciation
2.25%
Original Mortgage
$1,662,000
Outstanding Balance
$1,651,891
Interest Rate
5.97%
Mortgage Type
New Conventional
Estimated Equity
$456,397

Purchase Details

Closed on
Oct 1, 2014
Sold by
Battaglia Lorraine M and The Battaglia Family Trust
Bought by
Wasserman Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,396,500
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 27, 2012
Sold by
Battaglia Philip M
Bought by
Battaglia Philip M and Battaglia Lorraine M

Purchase Details

Closed on
Jul 15, 2010
Sold by
Battaglia Steve
Bought by
Battaglia Philip M

Purchase Details

Closed on
Feb 13, 2007
Sold by
Battaglia Jacqueline
Bought by
Battaglia Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,108,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
Sold by
Battaglia Lorraine M
Bought by
Battaglia Philip

Purchase Details

Closed on
Apr 15, 2005
Sold by
Gross Earl B and The Earl B Gross Trust
Bought by
Battaglia Philip and Battaglia Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,750
Interest Rate
1.37%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,078,000 Lawyers Title Company
Grant Deed $2,078,000 Lawyers Title Company
Grant Deed $1,995,000 Progressive Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Investors Title Company
Interfamily Deed Transfer -- Southland Title Company
Grant Deed $949,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,662,000 New Conventional
Closed $1,662,000 New Conventional
Previous Owner $1,396,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,108,000 New Conventional
Previous Owner $711,750 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Sold $2,078,000 +41879.8% $927 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
08/08/2024 08/08/24 Rented $4,950 -99.8% --
08/02/2024 08/02/24 Under Contract -- -- --
07/18/2024 07/18/24 For Sale $2,295,000 0.0% $1,024 / Sq Ft
07/18/2024 07/18/24 For Rent $4,950 +15.3% --
06/23/2021 06/23/21 Rented $4,295 0.0% --
06/07/2021 06/07/21 For Rent $4,295 0.0% --
09/06/2019 09/06/19 Rented $4,295 0.0% --
08/19/2019 08/19/19 For Rent $4,295 +7.5% --
08/01/2018 08/01/18 Rented $3,995 0.0% --
07/26/2018 07/26/18 For Rent $3,995 +2.3% --
07/15/2016 07/15/16 Rented $3,906 -7.0% --
04/04/2016 04/04/16 For Rent $4,200 +7.7% --
04/28/2015 04/28/15 Rented $3,900 -7.1% --
04/28/2015 04/28/15 Under Contract -- -- --
03/20/2015 03/20/15 For Rent $4,200 0.0% --
12/23/2014 12/23/14 Sold $1,995,000 -11.3% $890 / Sq Ft
09/25/2014 09/25/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $2,250,000 -- $1,004 / 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
2024 $28,468 $2,350,668 $1,644,881 $705,787
2023 $27,912 $2,304,578 $1,612,629 $691,949
2022 $26,603 $2,259,391 $1,581,009 $678,382
2021 $26,281 $2,215,090 $1,550,009 $665,081
2019 $25,487 $2,149,391 $1,504,036 $645,355
2018 $25,427 $2,107,247 $1,474,546 $632,701
2016 $24,330 $2,025,423 $1,417,289 $608,134
2015 $23,971 $1,995,000 $1,396,000 $599,000
2014 $13,272 $1,072,109 $946,458 $125,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-416471

The MLS

APN: 4238-012-027