NOT LISTED FOR SALE

Estimated Value: $1,851,207 - $2,424,000

2 Beds
2 Baths
1,294 Sq Ft
$1,576/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $1,659,000 $1,282 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,570/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Tile Countertops
  • Venice High School Rated A
  • Bathtub with Shower
  • 4-minute walk to Ozone Park

About This Home

As of April 2017

With one unit to be delivered vacant, this duplex - walking distance to Rose Corridor and The Linc - is perfect for the savvy owner-user or the sharp investor! Light and bright, each unit displays its character touches proudly with hardwood floors and tile counter kitchens, while containing conveniences sure to please such as in-unit laundry, plenty of storage, and a shared two-car garage. Tenants can relax in the nice grassy backyard or take advantage of the units' location walking distance to Venice and Santa Monica beaches, local parks, and of course the hip restaurants and shops along Rose Ave, Main St, and Lincoln Blvd. With the boom in Silicon Beach, owner-users can get in on the Venice real estate market while collecting income from the front unit, or keen investors can add (or start!) to their portfolio with a prime Venice property. This is a must see now as it is sure to go quickly!

Last Agent to Sell the Property

Kerry Ann Sullivan

Pardee Properties License #01927932 Listed on: 02/22/2017

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Stacey Valnes

Create License #00989680

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 4,139 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 1,294 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4240-004-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Exclusions: Tenants' personal property, outdoor firepit, staging in rear unit.
  • Living Area: 1294
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Linoleum
  • Appliances: Free Standing Gas, Oven-Gas
  • Bedrooms: 2
  • Common Walls: None
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Tile Counters
  • Laundry: In Kitchen, In Unit, Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1302.16

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 73555
  • Assessed Land Value: 68873
  • Assessor Parcel Number: 4240-004-030
  • Geocode Override: No
  • Lot Size Area: 4139

Rental Info

  • Total Actual Rent: 2143.76
  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 26.00
  • Number Of Units: 2
  • Rent Control: 100%
  • Type Of Units: Duplex

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2017
Closed on
Apr 21, 2017
Sold by
Shannon Mary
Bought by
Shannon Mary and Mary Shannon 2014 Trust
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Stacey Valnes
Create
List Price
$1,685,000
Sold Price
$1,659,000
Premium/Discount to List
-$26,000
-1.54%
Current Estimated Value
$2,038,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$379,802
Avg. Annual Appreciation
2.40%
Original Mortgage
$300,000
Outstanding Balance
$249,670
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,789,132

Purchase Details

Listed on
Feb 22, 2017
Closed on
Mar 17, 2017
Sold by
Mingori D Lewis and Mingori Lynn B
Bought by
Shannon Mary
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Stacey Valnes
Create
List Price
$1,685,000
Sold Price
$1,659,000
Premium/Discount to List
-$26,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$249,670
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,789,132

Purchase Details

Closed on
Dec 12, 2016
Sold by
Mingori D Lewis and Mingori Lynn B
Bought by
Mingori D Lewis and Mingori Lynn B

Purchase Details

Closed on
Dec 6, 2007
Sold by
Mingori D Lewis and Mingori Lynn B
Bought by
Mingori Diamond Lewis and Mingori Lynn Bosley

Purchase Details

Closed on
Feb 8, 1996
Sold by
Mingori D Lewis and Mingori Lynn B
Bought by
Mingori D Lewis and Mingori Lynn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.99%
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
Shannon Mary -- Fidelity National Title Co
Shannon Mary $1,659,000 Fidelity National Title Co
Mingori D Lewis -- None Available
Mingori D Lewis -- None Available
Mingori Diamond Lewis -- None Available
Mingori D Lewis -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shannon Mary $300,000
Previous Owner Mingori D Lewis $113,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $1,659,000 -1.5% $1,282 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $1,685,000 -- $1,302 / 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 $22,905 $1,925,407 $1,740,877 $184,530
2024 $22,905 $1,887,655 $1,706,743 $180,912
2023 $22,459 $1,850,643 $1,673,278 $177,365
2022 $21,408 $1,814,357 $1,640,469 $173,888
2021 $21,153 $1,778,782 $1,608,303 $170,479
2019 $20,516 $1,726,023 $1,560,600 $165,423
2018 $20,433 $1,692,180 $1,530,000 $162,180
2016 $1,872 $142,428 $68,873 $73,555
2015 $1,847 $140,290 $67,839 $72,451
2014 $1,868 $137,543 $66,511 $71,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-203342

The MLS

APN: 4240-004-030