NOT LISTED FOR SALE

Estimated Value: $1,974,000 - $2,757,000

5 Beds
6 Baths
2,274 Sq Ft
$1,057/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $2,000,000 $880 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,716/month

40 Days on Market

Highlights

  • Laundry in Carport
  • Ceiling Fan
  • 2-minute walk to Westminster Dog Park
  • Venice High School Rated A

About This Home

As of July 2020

24 Breeze Avenue, a rare four-unit investment opportunity in prime Venice delivered FULLY VACANT. Unbeatable location less than half a block from the beach. Situated just off of Pacific Avenue, the subject property is comprised of (2) two-bedroom and two-bath units, (1) one-bedroom and one-bath unit and (1) single. Please note, one of the two-bedroom and two-bath units is a townhouse style unit that would be ideal for an owner/user. Additionally, the spacious one bedroom unit is master metered for gas; allowing the owner to increase rent by an additional 1% each year. 24 Breeze Avenue also features a spacious front yard common area with mature trees that serve as a perfect option for outdoor entertainment. Well maintained by the current owner, all units have had luxurious amenity upgrades over time. The enhancements include marble or tile countertops, wood laminate floors or original hardwood floors, refinished deck, new roof and cooper plumbing.

Last Agent to Sell the Property

Michael Matthias

Keller Williams Beverly Hills License #01489863 Listed on: 04/08/2020

Keller Williams Beverly Hills

Last Buyer's Agent

Michael Matthias

Keller Williams Beverly Hills License #01489863 Listed on: 04/08/2020

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 2,696

Interior Spaces

  • 2,274 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry in Carport

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Additional Features

  • 2,696 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-003-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2274
  • Stories: 2
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Laundry: In Carport
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan, Hood Fan
  • Price Per S Q F T: 1055.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 4226-003-011
  • Geocode Override: No
  • Lot Size Area: 2696

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.69
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2020
Closed on
Jul 16, 2020
Sold by
Brookes Edward Alan and Brookes Edward Alan
Bought by
24 Breeze Llc
Seller's Agent
Michael Matthias
Keller Williams Beverly Hills
Buyer's Agent
Michael Matthias
Keller Williams Beverly Hills
List Price
$2,400,000
Sold Price
$2,000,000
Premium/Discount to List
-$400,000
-16.67%
Current Estimated Value
$2,402,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,850
Avg. Annual Appreciation
3.42%
Original Mortgage
$1,500,000
Outstanding Balance
$1,330,101
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$1,072,749

Purchase Details

Closed on
Jul 18, 2012
Sold by
Brookes Paul R and Brookes Helene T
Bought by
Brookes Edward Alan

Purchase Details

Closed on
Apr 26, 1996
Sold by
Brookes Paul R and Brookes Helene T
Bought by
Brookes Paul R

Purchase Details

Closed on
Dec 22, 1993
Sold by
Brookes Paul R and Brookes Helene T
Bought by
Brookes Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,500
Interest Rate
7.09%
Source: Public Records
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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
24 Breeze Llc $2,000,000 Fidelity National Title
Brookes Edward Alan -- None Available
Brookes Paul R -- None Available
Brookes Paul R -- --
Brookes Paul R -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24 Breeze Llc $1,500,000
Previous Owner Brookes Paul R $125,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $2,000,000 -16.7% $880 / Sq Ft
05/18/2020 05/18/20 Pending -- -- --
04/08/2020 04/08/20 For Sale $2,400,000 -- $1,055 / 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 $25,808 $2,164,862 $1,948,377 $216,485
2024 $25,808 $2,122,415 $1,910,174 $212,241
2023 $25,306 $2,080,800 $1,872,720 $208,080
2022 $24,124 $2,040,000 $1,836,000 $204,000
2021 $23,831 $2,000,000 $1,800,000 $200,000
2020 $6,971 $554,808 $300,664 $254,144
2019 $6,701 $543,949 $294,769 $249,180
2018 $6,651 $533,303 $288,990 $244,313
2016 $6,349 $511,692 $277,769 $233,923
2015 $6,258 $504,007 $273,597 $230,410
2014 $6,303 $494,135 $268,238 $225,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-569880

The MLS

APN: 4226-003-011