NOT LISTED FOR SALE

Estimated Value: $2,417,000 - $2,763,616

5 Beds
2 Baths
2,150 Sq Ft
$1,182/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $2,365,000 $1,100 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $16,334/month

15 Days on Market

Highlights

  • City View
  • Craftsman Architecture
  • Wood Flooring
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Living Room with Fireplace
  • Fenced Yard

About This Home

As of December 2021

Location, location! This prime Venice Craftsman duplex is located on the coveted sunny walk streets just steps from the Pacific Ocean. The completely vacant property is turn-key for an owner/user that would like to live in one unit and earn passive income off the other vacant unit, or a perfect investment for those looking for an income property close to the beach. //About this unit: The bottom unit is a 3 bed, 1 bath unit downstairs that has access to a sun-drenched patio with a surrounding lush garden - a perfect place to dine alfresco or enjoy your morning coffee while reading the newspaper. The upstairs unit is a 2 bed, 1 bath unit with light beaming through the windows and a private balcony with direct entry access from the front patio as well as the back patio. //We Love: This property offers a detached two-car garage which is a must-have when you are this close to the beach! //The Neighborhood: A short walking distance from the Venice Pier, some of the best restaurants in Los Angeles, and trendy shops. With the beach as your backyard, this is a beautiful pink palace to call home! OFFER DEADLINE, Thursday 11/11 @ 2:00pm!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 11/04/2021

Co-Listed By

Paige Ogden

Pardee Properties License #02060052

Last Buyer's Agent

Joan Mcgoohan

Rodeo Realty - Pacific Palisades License #00498827

Rodeo Realty - Pacific Palisades

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,802

Year Built

  • Built in 1911

Lot Details

  • 2,640 Sq Ft Lot
  • South Facing Home
  • Fenced Yard
  • Fenced
  • Front Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Split Level Home

Interior Spaces

  • 2,150 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • City Views

Kitchen

  • Gas Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Jack-and-Jill Bathroom
  • 2 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-018-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,802

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2150
  • Lot Acreage: 0.0606
  • Stories: 2
  • Year Built: 1911
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Living Room Balcony, Common Walls, Built-Ins
  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Tile, Wood
  • Appliances: Microwave, Oven-Gas, Range Hood, Range, Oven, Free Standing Gas
  • Bedrooms: 5
  • Bedroom Features: Master Bedroom
  • Bathroom Features: Dual Entry (Jack & Jill) Bath, Shower Over Tub, Tile
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Freezer, Garbage Disposal, Dryer, Washer, Microwave, Ice Maker, Hood Fan, Refrigerator, Range/Oven
  • Price Per S Q F T: 1160.47

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Patio Open, Living Room Deck Attached
  • Pool: No
  • Spa Yn: No
  • View: City, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Detached, Private Garage, Garage Is Detached
  • Total Parking: 2

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: Public

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 4226-018-012
  • Lot Description: Fenced, Sidewalks, Walk Street, Front Yard, Fenced Yard
  • Lot Location: Alley Access
  • Lot Size Area: 2640

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 100

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 2, 2021
Sold by
Holmes Leigh
Bought by
Corwith Foster H and Corwith Van Ness
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Joan Mcgoohan
Rodeo Realty - Pacific Palisades
List Price
$2,495,000
Sold Price
$2,365,000
Premium/Discount to List
-$130,000
-5.21%
Current Estimated Value
$2,541,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,904
Avg. Annual Appreciation
3.24%
Original Mortgage
$938,000
Outstanding Balance
$866,028
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$1,792,978

Purchase Details

Listed on
May 30, 2018
Closed on
Jul 13, 2018
Sold by
Holmes Stefanie
Bought by
Holmes Leigh
Seller's Agent
Jesse Weinberg
Jesse Weinberg
Buyer's Agent
Jesse Weinberg
Jesse Weinberg
List Price
$1,895,000
Sold Price
$1,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$1,516,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 6, 2018
Sold by
Maurath Steven E
Bought by
Holmes Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,516,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 10, 2013
Sold by
Maurath Steven E
Bought by
Maurath Steven E and Childs Life Estate Trust

Purchase Details

Closed on
Apr 11, 2003
Sold by
Maurath Kathryn L and Maurath Patricia G
Bought by
Maurath Kathryn L
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
Corwith Foster H $2,365,000 Clearmark Title
Holmes Leigh -- First American Title Company
Holmes Leigh $1,895,000 First American Title Company
Maurath Steven E -- None Available
Maurath Kathryn L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corwith Foster H $938,000
Previous Owner Holmes Leigh $1,537,500
Previous Owner Holmes Leigh $1,516,000
Previous Owner Maurath Steven E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $2,365,000 -5.2% $1,100 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $2,495,000 +31.7% $1,160 / Sq Ft
09/05/2018 09/05/18 Sold $1,895,000 0.0% $881 / Sq Ft
06/20/2018 06/20/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $1,895,000 -- $881 / 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 $29,802 $2,509,756 $2,010,989 $498,767
2024 $29,802 $2,460,546 $1,971,558 $488,988
2023 $29,220 $2,412,300 $1,932,900 $479,400
2022 $27,850 $2,365,000 $1,895,000 $470,000
2021 $23,217 $1,952,923 $1,855,020 $97,903
2020 $23,461 $1,932,900 $1,836,000 $96,900
2019 $22,516 $1,895,000 $1,800,000 $95,000
2018 $5,133 $418,011 $267,535 $150,476
2016 $4,891 $401,782 $257,148 $144,634
2015 $4,819 $395,748 $253,286 $142,462
2014 $4,845 $387,997 $248,325 $139,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-776770

The MLS

APN: 4226-018-012