NOT LISTED FOR SALE

2436 Penmar Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,256,260 - $3,698,000

10 Beds
12 Baths
6,162 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $3,140,912 $510 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $22,734/month

23 Days on Market

Highlights

  • Rooftop Deck
  • Gated Parking
  • Wood Flooring
  • Venice High School Rated A
  • Open Floorplan
  • High Ceiling

About This Home

As of August 2021

GREAT INVESTMENT IN VENICE!! This 4-unit building in sought-after Venice is an amazing opportunity for use as a multi-unit investment property w/each unit's rent close to the top of market rate. All units have been renovated & have high vaulted ceilings, a rooftop balcony,?central AC/heat & washer/dryer hookups. Units A & D include 3 beds, 2.5 baths & feature hardwood/tile flooring & 2 marble fireplaces (dispersed between the living room & master). Units B & C each offer 2 beds, 2.5 baths, hardwood flooring throughout & a marble fireplace in the living room. The building is located in an ocean breeze corridor, has fortified walls for noise protection, a subterranean parking garage w/ 9 spaces as well as an enchanting outdoor lighting fixture for added curb appeal. Do not miss out on this amazing opportunity in a prime location, minutes from Abbot Kinney's trendy shopping & dining destinations, the beach, biking paths, the Marina, Silicon Beach tech giants such as Facebook/Yahoo & more!

Last Agent to Sell the Property

James Suarez

Real Broker License #01433992 Listed on: 08/09/2019

Real Broker

Co-Listed By

Jennifer Moore

Pardee Properties License #02059414

Last Buyer's Agent

Eli Moradzadeh

Pinnacle Estate Properties, Inc. License #02032736

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,449

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 6,024

Parking

  • 9 Car Garage
  • Subterranean Parking
  • Gated Parking
  • Guest Parking

Home Design

  • Turnkey

Interior Spaces

  • 6,162 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Mirrored Closets Doors
  • 12 Bathrooms

Additional Features

  • Rooftop Deck
  • 6,024 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4236-004-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,449

Year Built

Built in 1990 | Remodeled

Lot Details

0

Parking

9

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: GREAT INVESTMENT IN VENICE!! This 4-unit building in sought-after Venice is an amazing opportunity for use as a multi-unit investment property w/each unit's rent close to the top of market rate. All units have been renovated & have high vaulted ceilings, a rooftop balcony,?central AC/heat & washer/dryer hookups. Units A & D include 3 beds, 2.5 baths & feature hardwood/tile flooring & 2 marble fireplaces (dispersed between the living room & master). Units B & C each offer 2 beds, 2.5 baths, hardwood flooring throughout & a marble fireplace in the living room. The building is located in an ocean breeze corridor, has fortified walls for noise protection, a subterranean parking garage w/ 9 spaces as well as an enchanting outdoor lighting fixture for added curb appeal. Do not miss out on this amazing opportunity in a prime location, minutes from Abbot Kinney's trendy shopping & dining destinations, the beach, biking paths, the Marina, Silicon Beach tech giants such as Facebook/Yahoo & more!
  • Living Area: 6162
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1990
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Mirrored Closet Door(s), Open Floor Plan, Turnkey
  • Flooring: Hardwood, Tile
  • Bedrooms: 10
  • Total Bathrooms: 12.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 535.54

Exterior Features

  • Other Structures: None
  • Number Patio: 4
  • Patio: Roof Top Deck

Garage/Parking

  • Garage Spaces: 9
  • Covered Parking: 9
  • Garage Structures: 1
  • Parking Garage: Garage - 4+ Car, Garage Is Attached, Gated Underground, Parking for Guests, Subterranean
  • Total Parking: 9

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 654760
  • Assessed Land Value: 50888
  • Assessor Parcel Number: 4236-004-009
  • Geocode Override: No
  • Lot Size Area: 6024

Rental Info

  • Number Leased: 4
  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.66
  • Number Of Units: 4
  • Rent Control: 1
  • Total Annual Expense: 43000
  • Type Of Units: Townhouse
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 1, 2021
Sold by
Hanasab Hersel and Saadat Shohreh
Bought by
Mthmkh Properties Llc
Seller's Agent
James Suarez
Real Broker
Buyer's Agent
Eli Moradzadeh
Pinnacle Estate Properties, Inc.
List Price
$3,300,000
Sold Price
$3,140,912
Premium/Discount to List
-$159,088
-4.82%
Current Estimated Value
$3,507,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,841
Avg. Annual Appreciation
0.82%

Purchase Details

Closed on
May 26, 2021
Sold by
Vigil Michael B
Bought by
Hanasab Hersel and Saadat Shohreh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,198,638
Interest Rate
2.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2019
Sold by
Vigil Michael B and The Jose B And Maria L Family
Bought by
Hanasab Hersel and Saadat Shohreh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,321,200
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2012
Sold by
Vigil Maria L
Bought by
Vigil Maria L and The Jose B & Maria L Vigil Fam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2012
Sold by
Vigil Maria L and Jose B & Maria L Vigil Family
Bought by
Vigil Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,025
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2012
Sold by
Vigil Maria L
Bought by
Vigil Maria L and Jose B & Maria L Vigil Family

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,025
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2011
Sold by
Vigil Maria L
Bought by
Vigil Maria L and Jose B & Maria L Vigil Family

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,100
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2004
Sold by
Vigil Maria L and The Jose B & Maria L Vigil Fam
Bought by
Vigil Maria L and The Jose B & Maria L Vigil Fam

Purchase Details

Closed on
Nov 19, 2002
Sold by
Vigil Jose B and Vigil Maria L
Bought by
Vigil Jose B and Vigil Maria L
Source: Public Records

Range of Values:

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Average Value
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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
Mthmkh Properties Llc -- None Available
Hanasab Hersel $3,141,000 Lawyers Title Company
Hanasab Hersel $3,316,000 Fidelity National Title Co
Vigil Maria L -- None Available
Vigil Maria L -- Fatcola
Vigil Maria L -- None Available
Vigil Maria L -- None Available
Vigil Maria L -- None Available
Vigil Maria L -- None Available
Vigil Maria L -- --
Vigil Jose B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanasab Hersel $2,198,638
Previous Owner Hanasab Hersel $2,321,200
Previous Owner Vigil Maria L $663,500
Previous Owner Vigil Maria L $663,025
Previous Owner Vigil Maria L $633,100
Previous Owner Jose B & Maria L Vigil Family Trust $645,000
Previous Owner Vigil Jose B $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Sold $3,140,912 -4.8% $510 / Sq Ft
09/01/2019 09/01/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $3,300,000 -- $536 / 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 $43,449 $3,626,525 $2,723,176 $903,349
2024 $43,449 $3,555,418 $2,669,781 $885,637
2023 $42,606 $3,485,705 $2,617,433 $868,272
2022 $40,623 $3,417,359 $2,566,111 $851,248
2021 $40,117 $3,350,353 $2,515,796 $834,557
2020 $40,532 $3,316,000 $2,490,000 $826,000
2019 $27,217 $2,255,000 $1,500,000 $755,000
2018 $9,236 $719,760 $51,905 $667,855
2016 $8,780 $691,813 $49,891 $641,922
2015 $8,658 $681,422 $49,142 $632,280
2014 $8,709 $668,075 $48,180 $619,895
Source: Public Records

Agents Affiliated with this Home

  • James Suarez

    Seller's Agent in 2021

    James Suarez

    Real Broker

    (310) 902-1004

    10 in this area

    399 Total Sales

    James Suarez
    Section Image
  • Jennifer Moore

    Seller Co-Listing Agent in 2021

    Jennifer Moore

    Pardee Properties

    (310) 562-8263

    2 in this area

    62 Total Sales

    Jennifer Moore
    Section Image

  • E

    Buyer's Agent in 2021

    Eli Moradzadeh

    Pinnacle Estate Properties, Inc.

    (310) 926-9992

    1 in this area

    1 Total Sale

    Eli Moradzadeh
    Section Image
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Map

Source: The MLS

MLS Number: 19-498016

The MLS

APN: 4236-004-009

California Los Angeles County Venice 90291 Venice

2436 Penmar Ave, Venice, CA

This home is located at 2436 Penmar Ave, Venice, CA 90291 since 09 August 2019 and is currently estimated at $3,507,753, approximately $569 per square foot. This property was built in 1990. 2436 Penmar Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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