NOT LISTED FOR SALE

2415 Ocean Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,953,367 - $2,581,000

5 Beds
4.5 Baths
2,844 Sq Ft
$807/Sq Ft Est. Value

Last Sold November 06, 2018

Last sale price $1,790,000 $629 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $14,161/month

262 Days on Market

Highlights

  • Parking Storage or Cabinetry
  • Attached Carport
  • 4-minute walk to Linnie Canal Park
  • Coeur D'Alene Avenue Elementary School Rated A-

About This Home

As of November 2018

Fantastic Opportunity to own your own Duplex and a separate guest room: - Owner use 2 Bed/ 2 Bath with private enclosed patio; Upper Level 2 bed/2 bath and a separate Guest Room; Enjoy walking through the Venice Canals, bike the boardwalk, explore Abbot Kinney Blvd with trendy restaurants, art galleries and boutiques! Great location for a owner/user with additional income. DO NOT DISTURB TENANTS. DRIVE BY ONLY.

Last Agent to Sell the Property

Robert Bruni

Keller Williams Los Angeles License #00986763 Listed on: 01/15/2018

Keller Williams Los Angeles

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,847

Year Built

  • Built in 1972

Lot Details

  • 2,700 Sq Ft Lot

Interior Spaces

  • 2,844 Sq Ft Home
  • 2-Story Property
  • Dryer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4.5 Bathrooms

Parking

  • 3 Car Garage
  • Attached Carport
  • Parking Storage or Cabinetry
  • Assigned Parking

Utilities

  • Radiant Heating System
  • Central Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for gardener
  • Assessor Parcel Number 4227-013-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,847

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2844
  • Stories: 2
  • Year Built: 1972
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.25
  • Den: 0
  • Equipment: Dryer
  • Price Per S Q F T: 738.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned, Built-In Storage, Carport Attached
  • Total Parking: 3

Utilities

  • Water Heater: Central Water Heater
  • Heating: Radiant

Lot Info

  • Assessed Improvement Value: 117082
  • Assessed Land Value: 465086
  • Assessor Parcel Number: 4227-013-019
  • Geocode Override: No
  • Lot Size Area: 2700

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 29.00
  • Number Of Units: 3
  • Rent Control: 3
  • Total Annual Expense: 25113
  • Type Of Units: Rentals
  • Vacancy Rate: $2854

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2019
Sold by
Goren Gary S and Gary S Goren Revocabel Trust
Bought by
Ocean Avenue Apartments Llc
Current Estimated Value
$2,293,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,163,500
Interest Rate
4.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 2019
Sold by
Ocean Avenue Apartments Llc
Bought by
The Gary S Goren Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,163,500
Interest Rate
4.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 15, 2018
Closed on
Oct 17, 2018
Sold by
Sussman Joel A and Copeland Yolanda
Bought by
Ocean Avenue Apartments Llc
Seller's Agent
Robert Bruni
Keller Williams Los Angeles
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,495,000
Sold Price
$1,790,000
Premium/Discount to List
-$705,000
-28.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.62%
Original Mortgage
$1,195,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2013
Sold by
Sussman Joel A and Copeland Yolanda
Bought by
Sussman Joel A and Copeland Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2010
Sold by
Sussman Joel A
Bought by
Sussman Joel A and Sussman Yolanda Copeland
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
Ocean Avenue Apartments Llc -- Fidelity National Title
The Gary S Goren Revocable Trust -- Accommodation
Ocean Avenue Apartments Llc $1,790,000 Fidelity National Title Comp
Sussman Joel A -- American Coast Title
Sussman Joel A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean Avenue Apartments Llc $2,275,000
Closed Ocean Avenue Apartments Llc $2,275,000
Closed Ocean Avenue Apartments Llc $450,000
Closed Ocean Avenue Apartments Llc $1,163,500
Previous Owner Ocean Avenue Apartments Llc $1,195,000
Previous Owner Sussman Joel A $293,000
Previous Owner Sussman Joel $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2018 11/06/18 Sold $1,790,000 -14.7% $629 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
05/20/2018 05/20/18 Price Changed $2,099,000 -2.3% $738 / Sq Ft
04/11/2018 04/11/18 Price Changed $2,149,000 -4.4% $756 / Sq Ft
02/28/2018 02/28/18 Price Changed $2,249,000 -9.9% $791 / Sq Ft
01/15/2018 01/15/18 For Sale $2,495,000 -- $877 / 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 $23,847 $1,996,775 $1,662,121 $334,654
2024 $23,847 $1,957,624 $1,629,531 $328,093
2023 $23,384 $1,919,240 $1,597,580 $321,660
2022 $22,293 $1,881,608 $1,566,255 $315,353
2021 $22,017 $1,844,715 $1,535,545 $309,170
2019 $21,354 $1,791,050 $1,490,000 $301,050
2018 $7,397 $594,860 $474,387 $120,473
2016 $7,055 $570,754 $455,967 $114,787
2015 $6,954 $562,181 $449,118 $113,063
2014 $6,993 $551,170 $440,321 $110,849
Source: Public Records

Agents Affiliated with this Home

  • Robert Bruni

    Seller's Agent in 2018

    Robert Bruni

    Keller Williams Los Angeles

    (310) 480-5541

    2 Total Sales

    Robert Bruni
    Section Image

  • S

    Buyer's Agent in 2018

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 18-303220

The MLS

APN: 4227-013-019

California Los Angeles County Venice 90291 Venice

2415 Ocean Ave, Venice, CA

This home is located at 2415 Ocean Ave, Venice, CA 90291 since 15 January 2018 and is currently estimated at $2,293,842, approximately $806 per square foot. This property was built in 1972. 2415 Ocean Ave is a home located in Los Angeles County with nearby schools including Coeur D'Alene Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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