307 Venice Way Venice, CA 90291
Venice Neighborhood
3
Beds
3
Baths
1,793
Sq Ft
4,153
Sq Ft Lot
Highlights
- No Units Above
- Open Floorplan
- Living Room with Attached Deck
- Venice High School Rated A
- Wood Flooring
- 5-minute walk to Linnie Canal Park
About This Home
As of November 2024Welcome to this prime duplex in the heart of Venice where modern elegance meets coastal charm. Both units have been recently updated featuring open floor plans, beautiful wood floors, and abundant natural light. Additionally each boasts its own private outdoor yard space - a rare find due to the large lot size. The rear unit stands out with a soon to be completed new rooftop deck, offering panoramic views of the neighborhood and a large outdoor space for relaxation or entertaining. The property sits on a spacious lot with fantastic development potential, making it a savvy investment choice. Additional highlights include a 2-car garage (offering parking for each unit), convenient in-unit washer/dryer, central heat and A/C in the rear unit, and a secure, gated entrance that creates a serene, private oasis. Located just blocks from Erewhon, Great White, Gjusta Grocer, and other beloved local spots, this duplex embodies the ultimate Venice lifestyle. With one unit currently available, there's a unique opportunity for owner occupancy or to maximize rental income. Don't miss out on this exceptional property—an ideal addition to any investment portfolio or a perfect place to call home.
Last Agent to Sell the Property
Vista Sotheby’s International Realty Brokerage Phone: 310-699-0836 License #02018279 Listed on: 08/29/2024
Co-Listed By
Vista Sotheby's International Realty Brokerage Phone: 310-699-0836 License #01809494
Last Buyer's Agent
Vista Sotheby's International Realty Brokerage Phone: 310-699-0836 License #01809494
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,067
Year Built
- Built in 1947
Lot Details
- 4,153 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,793 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Recessed Lighting
- Family Room
- Living Room with Attached Deck
- Wood Flooring
- Neighborhood Views
Kitchen
- Gas Range
- <<microwave>>
- Dishwasher
- Granite Countertops
- Quartz Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Combination Of Heating Systems
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 32 / 2
- Tax Tract Number 9358
- Assessor Parcel Number 4238021019
- $319 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,600
- Other Expense $9,000
- Water Sewer Expense $1,350
- Operating Expense $11,950
- Gross Income $111,600
- Net Operating Income $99,650
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2024
Closed on
Nov 4, 2024
Sold by
Ardine M Kanights 1990 Revocable Trust and Bryce And Donna Kanights 2022 Trust
Bought by
Kapoor Tomi
Seller's Agent
Kevin Sanderson
Vista Sotheby’s International Realty
Buyer's Agent
Jennifer Merritt
Vista Sotheby's International Realty
List Price
$1,895,000
Sold Price
$1,581,000
Premium/Discount to List
-$314,000
-16.57%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,704
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,185,750
Outstanding Balance
$1,179,923
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$435,781
Purchase Details
Closed on
Aug 22, 2023
Sold by
Mark D Kanights Revocable Trust
Bought by
Ardine M Kanights 1990 Revocable Trust and Kanights
Purchase Details
Closed on
Aug 25, 2022
Sold by
Bryce Kanights
Bought by
Bryce And Donna Kanights 2022 Trust
Purchase Details
Closed on
Jan 30, 2013
Sold by
Kanights Ardine M
Bought by
Kanights Ardine M and Ardine M Kanights 1990 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
$435,000
Interest Rate
3.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 26, 2012
Sold by
Murakami Kanights Donna Lynn
Bought by
Kanights Bryce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 16, 2012
Sold by
Petrone Rosa Lucia
Bought by
Kanights Ardine M and Kanight Bryce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 3, 2000
Sold by
Petrone Patrizio
Bought by
Petrone Rosa Lucia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.34%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 7, 1998
Sold by
Petrone Rosa Lucia
Bought by
Petrone Rosa Lucia and Petrone Patrizio
Purchase Details
Closed on
Sep 30, 1996
Sold by
Lowe David M
Bought by
Petrone Rosa Lucia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.5%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,581,000 | First American Title Company | |
| Grant Deed | $1,581,000 | First American Title Company | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Provident Title Company | |
| Grant Deed | $1,199,000 | Provident Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Gift Deed | -- | -- | |
| Grant Deed | $215,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,185,750 | New Conventional | |
| Closed | $1,185,750 | New Conventional | |
| Previous Owner | $435,000 | New Conventional | |
| Previous Owner | $650,000 | Unknown | |
| Previous Owner | $560,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $382,800 | Unknown | |
| Previous Owner | $100,000 | Stand Alone Second | |
| Previous Owner | $300,000 | Stand Alone First | |
| Previous Owner | $85,000 | Credit Line Revolving | |
| Previous Owner | $177,000 | Stand Alone Second | |
| Previous Owner | $172,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2024 11/13/24 | Sold | $1,581,000 | -16.6% | $882 / Sq Ft |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 08/29/2024 08/29/24 | For Sale | $1,895,000 | 0.0% | $1,057 / Sq Ft |
| 11/15/2018 11/15/18 | Rented | $4,800 | 0.0% | -- |
| 10/15/2018 10/15/18 | For Rent | $4,800 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $20,067 | $1,646,389 | $1,258,285 | $388,104 |
| 2023 | $17,340 | $1,419,139 | $1,065,245 | $353,894 |
| 2022 | $16,534 | $1,391,313 | $1,044,358 | $346,955 |
| 2021 | $16,331 | $1,364,033 | $1,023,881 | $340,152 |
| 2019 | $15,841 | $1,323,577 | $993,513 | $330,064 |
| 2018 | $15,751 | $1,297,626 | $974,033 | $323,593 |
| 2016 | $15,070 | $1,247,240 | $936,211 | $311,029 |
| 2015 | $14,848 | $1,228,507 | $922,149 | $306,358 |
| 2014 | $14,900 | $1,204,443 | $904,086 | $300,357 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Sanderson
K
Seller's Agent in 2024
Kevin Sanderson
Vista Sotheby’s International Realty
(310) 546-7561
3 in this area
37 Total Sales
-
Jennifer Merritt
Seller Co-Listing Agent in 2024
Jennifer Merritt
Vista Sotheby's International Realty
(310) 413-7809
3 in this area
36 Total Sales
-
M
Seller's Agent in 2018
Mark Kanights
Sotheby's International Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24179633
APN: 4238-021-019
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