NOT LISTED FOR SALE

245 Bernard Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,950,362 - $2,709,000

3 Beds
3 Baths
1,738 Sq Ft
$1,308/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $1,635,000 $941 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $13,759/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Fenced Yard
  • Broadway Elementary Rated A
  • Lawn
  • 3-minute walk to Ozone Park

About This Home

As of February 2017

Great investment opportunities await with the rare sale of two adjacent lots totaling 8460 SF. The front unit of this turnkey triplex has two bedrooms, middle unit is a 1 bedroom with partial renovation and back unit is a fully renovated studio. Nearby 3+million dollar homes and new construction thru-out this charming NORO neighborhood. Bernard Ave is quiet and traffic is minimal. Walk to fine dining, yoga, coffee, Whole Foods, park, beach... all that is true Venice. Duplex also available for purchase is 241 Bernard Ave. Drive by, please do not disturb tenants.

Last Agent to Sell the Property

Jackie Theis

Ashby & Graff License #01919227 Listed on: 11/28/2016

Ashby & Graff

Last Buyer's Agent

Mohamed Hammad

Hammad & Associates License #00811360

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 4,229 Sq Ft Lot
  • Lot Dimensions are 42x101
  • East Facing Home
  • Fenced Yard
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Lawn

Parking

  • 1 Car Attached Garage

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,738 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Window Screens

Kitchen

  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Sewer in Street
  • Cable TV Available

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 4240-002-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1952 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Alley: Yes
  • Building Permit: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 1738
  • Lot Dimensions: 42x101
  • Price Per Unit: 550000.00
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Laminate, Linoleum, Tile
  • Appliances: Range
  • Bedrooms: 3
  • Common Walls: Attached
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Range/Oven
  • Price Per S Q F T: 949.37
  • Windows: Screens, Window Blinds

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car, Garage Is Attached
  • Total Parking: 1

Utilities

  • TV Svcs: Cable TV
  • Water District: City of LA
  • Water Heater: Water Heater Unit
  • Cooling: Ceiling Fan
  • Heating: Wall
  • Number Water Meters: 1
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4240-002-031
  • Geocode Override: No
  • Lot Description: Fenced, Fenced Yard, Landscaped, Lawn, Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Street Paved, Yard
  • Lot Location: Alley Access
  • Lot Size Area: 4229

Rental Info

  • Garage Rental Rate: 265
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 28.85
  • Number Of Units: 3
  • Number Wall A C: 3
  • Rent Control: 100
  • Type Of Units: Triplex
  • Vacancy Allow Percent: 0.00

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2022
Sold by
Hammad Family Trust and Hammad Reem
Bought by
Pacific Flats Llc
Current Estimated Value
$2,272,841

Purchase Details

Listed on
Nov 28, 2016
Closed on
Jan 26, 2017
Sold by
Pauline Barber Family Limited Partnershi
Bought by
Hammad Mohamed and Hammad Reem
Seller's Agent
Jackie Theis
Ashby & Graff
Buyer's Agent
Mohamed Hammad
Hammad & Associates
List Price
$1,650,000
Sold Price
$1,635,000
Premium/Discount to List
-$15,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$750,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 26, 2004
Sold by
Barber Pauline A and The Pauline A Barber Family Tr
Bought by
Pauline Barber Family Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pacific Flats Llc -- New Title Company Name
Hammad Mohamed $1,635,000 Fatcola
Pauline Barber Family Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hammad Mohamed $750,000
Closed Pacific Flats Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2017 02/01/17 Sold $1,635,000 -0.9% $941 / Sq Ft
12/06/2016 12/06/16 Pending -- -- --
11/28/2016 11/28/16 For Sale $1,650,000 -- $949 / 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 $22,639 $1,897,553 $1,740,877 $156,676
2024 $22,639 $1,860,347 $1,706,743 $153,604
2023 $22,200 $1,823,871 $1,673,278 $150,593
2022 $21,164 $1,788,110 $1,640,469 $147,641
2021 $20,909 $1,753,050 $1,608,303 $144,747
2019 $20,280 $1,701,054 $1,560,600 $140,454
2018 $20,202 $1,667,700 $1,530,000 $137,700
2016 $1,854 $136,323 $54,722 $81,601
2015 $1,830 $134,277 $53,901 $80,376
2014 $1,858 $131,648 $52,846 $78,802
Source: Public Records

Agents Affiliated with this Home

  • Jackie Theis

    Seller's Agent in 2017

    Jackie Theis

    Ashby & Graff

    (941) 444-1994

    3 in this area

    6 Total Sales

    Jackie Theis
    Section Image

  • M

    Buyer's Agent in 2017

    Mohamed Hammad

    Hammad & Associates

    Section Image
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Map

Source: The MLS

MLS Number: 16-182818

The MLS

APN: 4240-002-031

California Los Angeles County Venice 90291 Venice

245 Bernard Ave, Venice, CA

Not Listed for Sale

MultiFamily

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