NOT LISTED FOR SALE

31 Thornton Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,331,000 - $2,668,000

4 Beds
4 Baths
1,966 Sq Ft
$1,289/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $2,051,150 $1,043 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,431/month

44 Days on Market

Highlights

  • Tandem Parking
  • Views
  • Central Heating and Cooling System
  • Venice High School Rated A
  • Guest Parking

About This Home

As of July 2021

The perfect beach duplex! Set on a sun-drenched walk street just off Venice Beach, this 2-story duplex features: Upper 2BR/2BA unit is bright, breezy and has an exceptionally spacious living room with fireplace, kitchen includes Bosch appliances & walk-in pantry. There are custom window coverings, hardwood floors, central AC, custom security system & built-in sound system. Off the living room a spacious terrace overlooks the front garden & walk street -- perfect for entertaining. The 1st floor 2BR/2BA unit features a living room with fireplace, dining & kitchen areas, newer appliances, walk-in pantry & hardwood floors. The master bedroom has a remodeled bath, walk-in closet & sliding glass doors to a private patio. The family room off the kitchen can be used as a 3rd bedroom. There are ocean views from the front yard & walk street making this the perfect beach duplex. Additional features include 6 parking spaces, shared washer/dryer. Excellent opportunity for investors or owner-user. One unit delivered vacant, the other is leased thru January 2022.

Last Agent to Sell the Property

Jennifer Hughes

Compass License #01440438 Listed on: 05/05/2021

Compass

Last Buyer's Agent

Britta Diaz

Berkshire Hathaway HomeServices California Properties License #01900581

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 3,595 Sq Ft Lot
  • Lot Dimensions are 30x120

Home Design

  • Duplex

Interior Spaces

  • 1,966 Sq Ft Home
  • 2-Story Property
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Tandem Parking
  • Guest Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4286-023-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: The perfect beach duplex! Set on a sun-drenched walk street just off Venice Beach, this 2-story duplex features: Upper 2BR/2BA unit is bright, breezy & has an exceptionally spacious living room with fireplace, kitchen includes Bosch appliances & walk-in pantry. There are custom window coverings, hardwood floors, central AC, custom security system & built-in sound system. Off the living room a spacious terrace overlooks the front garden & walk street -- perfect for entertaining. The 1st floor 2BR/2BA unit features a living room with fireplace, dining & kitchen areas, newer appliances, walk-in pantry & hardwood floors. The master bedroom has a remodeled bath, walk-in closet & sliding glass doors to a private patio. The family room off the kitchen can be used as a 3rd bedroom. There are ocean views from the front yard & walk street making this the perfect beach duplex.
  • Living Area: 1966
  • Lot Acreage: 0.0825
  • Lot Dimensions: 30x120
  • Stories: 2
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Washer, Dryer
  • Price Per S Q F T: 1195.32

Exterior Features

  • Other Structures: None
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Assigned, Parking for Guests, Uncovered, Tandem
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4286-023-012
  • Lot Description: Walk Street
  • Lot Size Area: 3595

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2012
Closed on
Jul 23, 2012
Sold by
Epstein Arnold
Bought by
Greenspan Philip and Greenspan Eric
Seller's Agent
Jennifer Hughes
Compass
Buyer's Agent
Jennifer Hughes
Compass
List Price
$1,495,000
Sold Price
$1,415,000
Premium/Discount to List
-$80,000
-5.35%
Current Estimated Value
$2,533,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,118,804
Avg. Annual Appreciation
4.42%
Original Mortgage
$1,000,000
Outstanding Balance
$665,467
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,868,337

Purchase Details

Closed on
Feb 16, 2007
Sold by
Epstein Alan
Bought by
Epstein Arnold and Epstein Chana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,750
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1999
Sold by
Epstein Jack
Bought by
The Epstein Family 1998 Revocable Trust
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
Greenspan Philip $1,415,000 Lawyers Title
Epstein Arnold -- Accommodation
Epstein Arnold -- Ticor Title Company Brea
The Epstein Family 1998 Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greenspan Philip $1,000,000
Previous Owner Epstein Arnold $959,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2021 07/23/21 Sold $2,051,150 -12.7% $1,043 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $2,350,000 0.0% $1,195 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $2,350,000 +66.1% $1,195 / Sq Ft
07/27/2012 07/27/12 Sold $1,415,000 -5.4% $720 / Sq Ft View Prior Sale
06/12/2012 06/12/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $1,495,000 -- $760 / 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 $26,181 $2,176,642 $1,741,441 $435,201
2024 $25,914 $2,133,964 $1,707,296 $426,668
2023 $25,410 $2,092,122 $1,673,820 $418,302
2022 $24,222 $2,051,100 $1,641,000 $410,100
2021 $19,216 $1,609,769 $1,268,477 $341,292
2020 $19,416 $1,593,264 $1,255,471 $337,793
2019 $18,638 $1,562,024 $1,230,854 $331,170
2018 $18,534 $1,531,397 $1,206,720 $324,677
2016 $17,731 $1,471,932 $1,159,862 $312,070
2015 $17,470 $1,449,823 $1,142,440 $307,383
2014 $17,527 $1,421,424 $1,120,062 $301,362
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Hughes

    Seller's Agent in 2021

    Jennifer Hughes

    Compass

    (310) 383-7299

    16 in this area

    22 Total Sales

    Jennifer Hughes
    Section Image
  • Britta Diaz

    Buyer's Agent in 2021

    Britta Diaz

    Berkshire Hathaway HomeServices California Properties

    (424) 235-0577

    2 in this area

    40 Total Sales

    Britta Diaz
    Section Image
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Map

Source: The MLS

MLS Number: 21-726022

The MLS

APN: 4286-023-012

California Los Angeles County Venice 90291 Venice

31 Thornton Ave, Venice, CA

Not Listed for Sale

MultiFamily

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