NOT LISTED FOR SALE

Estimated Value: $1,696,000 - $2,027,209

2 Beds
2 Baths
1,260 Sq Ft
$1,487/Sq Ft Est. Value

Last Sold November 22, 2013

Last sale price $949,000 $753 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $11,064/month

26 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • 1-Story Property
  • Beethoven Street Elementary School Rated 9+
  • Bungalow

About This Home

As of November 2013

Amazing opportunity to own an ultra charming Venice duplex nestled on one of Venice's best streets in a wonderful neighborhood! This property has two side-by-side units, both 1BR/1BA with modern and elegant upgrades that offers ultimate beach living while maintaining comfort and style. Enjoy gleaming hardwood floors, beautiful molding & cute yet functional kitchens w/ granite counters, tile floors & washer/dryers in each. Oversized windows that infuse the units with natural light. Situated on an expansive 5,800+ sq.ft. lot with amazing outdoor space & deck space- great for entertaining guests or relaxing and soaking in the ocean breezes. Perfect for an owner/user, move into one of the units and maintain income, rent both units and utilize as a complete income property or turn into your perfect residence w/ potential to expand later! This is a rare chance -don't miss out!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 09/18/2013

Last Buyer's Agent

Marlene Okulick

Sotheby's International Realty License #01257517

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,846 Sq Ft Lot
  • Lot Dimensions are 45x130

Home Design

  • Bungalow

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, move in fee, move out fee
  • Assessor Parcel Number 4236-008-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 1260
  • Lot Dimensions: 45x130
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Hardwood
  • Bedrooms: 2
  • Common Walls: Attached
  • Kitchen Features: Granite Counters
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 750.00

Exterior Features

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

Garage/Parking

  • Other Spaces: 4
  • Garage Structures: 0
  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Sewer: In Street
  • Water Expense: 1625.00

Lot Info

  • Assessor Parcel Number: 4236-008-024
  • Geocode Override: No
  • Lot Size Area: 5846

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Move In Fee, Move Out Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 24.60
  • Number Of Units: 2
  • Rent Control: 100%
  • Type Of Units: 2

Tax Info

  • Tax Expense: 11812.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2016
Sold by
Abergel Yakov
Bought by
Abergel Yakov and Abergel Cena
Current Estimated Value
$1,873,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 30, 2015
Sold by
Abergel Yakov
Bought by
Abergel Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 18, 2013
Closed on
Nov 4, 2013
Sold by
Gonzalez Ernesto
Bought by
Raa Investments Llc
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Marlene Okulick
Sotheby's International Realty
List Price
$945,000
Sold Price
$949,000
Premium/Discount to List
$4,000
0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
May 14, 1997
Sold by
Gonzalez Adriana C
Bought by
Gonzalez Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
8.13%
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
Abergel Yakov -- Provident Title
Abergel Yakov -- Provident Title
Abergel Family Trust -- None Available
Abergel Yakov -- None Available
Raa Investments Llc $949,000 Fidelity National Title Co
Gonzalez Ernesto -- --
Gonzalez Ernesto $161,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abergel Yakov $500,000
Previous Owner Gonzalez Ernesto $128,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2013 11/22/13 Sold $949,000 +0.4% $753 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $945,000 -- $750 / Sq Ft
Source: The MLS

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 $13,480 $1,124,600 $449,840 $674,760
2024 $13,480 $1,102,550 $441,020 $661,530
2023 $13,221 $1,080,932 $432,373 $648,559
2022 $12,607 $1,059,739 $423,896 $635,843
2021 $12,453 $1,038,961 $415,585 $623,376
2020 $12,582 $1,028,309 $411,324 $616,985
2019 $12,080 $1,008,147 $403,259 $604,888
2018 $12,031 $988,380 $395,352 $593,028
2016 $11,904 $982,721 $687,594 $295,127
2015 $11,729 $967,960 $677,266 $290,694
2014 $11,774 $949,000 $664,000 $285,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-705373

The MLS

APN: 4236-008-024