NOT LISTED FOR SALE

Estimated Value: $1,539,000 - $2,365,352

2 Beds
2 Baths
1,473 Sq Ft
$1,316/Sq Ft Est. Value

Last Sold March 29, 2018

Last sale price $1,750,000 $1,188 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $12,548/month

48 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 1-Story Property
  • Venice High School Rated A
  • Landscaped
  • 5-minute walk to Linnie Canal Park

About This Home

As of March 2018

Situated in Venice's trendy Windward Circle area, just a couple blocks to the beach. 314 - 316 is a 56' x 90' lot and the legal description lists lot: 17,18 & 6 ft of lot 19 of tract 9358, zoned LARD 1.5. The units are all occupied (rent controlled) and consist of (2) one bedroom units. Grand Blvd is loaded with newer homes built within the past couple years. Preference to be sold with 310 -312 Grand Blvd.

Last Agent to Sell the Property

Woody Stahl

Lyon Stahl Investment Real Est License #01399621 Listed on: 05/30/2017

Lyon Stahl Investment Real Est

Co-Listed By

Brett Lyon

Lyon Stahl Investment Real Estate, Inc. License #01717818

Last Buyer's Agent

Ardy Ishal

BRC Advisors- BH License #01769601

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,781

Year Built

  • Built in 1947

Lot Details

  • 5,040 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard
  • Lawn
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 1,473 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 9358
  • Assessor Parcel Number 4238021009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Insurance Expense $516
  • Trash Expense $150
  • Water Sewer Expense $650
  • New Taxes Expense $23,125
  • Operating Expense $26,025
  • Net Operating Income $135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,781

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 925000
  • Property Attached: No
  • Water Sewer Expenses: 650.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 4238021009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Price Per Square Foot: 1188.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 5040.00
  • Lot Size Acres: 0.1157

Multi Family

  • Electric Expense: 800.00
  • Gross Scheduled Income: 26160.00
  • Insurance Expense: 516.00
  • Lot Size Area: 5040.0000 Square Feet
  • Maintenance Percent: 3.00
  • Net Operating Income: 135.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 26025.00
  • Rent Control: Yes
  • Total Expenses: 26025.00

Tax Info

  • New Taxes Expense: 23125.00
  • Tax Census Tract: 2735.02
  • Tax Lot: 19
  • Tax Tract Number: 9358

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2017
Closed on
Mar 26, 2018
Sold by
Lewis Kent
Bought by
Slh Fund Llc and 1112 Investment Company Llc
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Ardy Ishal
BRC Advisors- BH
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%
Current Estimated Value
$1,939,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,088
Avg. Annual Appreciation
1.69%
Original Mortgage
$2,275,000
Outstanding Balance
$1,957,946
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
$22,953

Purchase Details

Listed on
May 30, 2017
Closed on
Feb 13, 2018
Sold by
Hodges Wayne D
Bought by
Hodges Wayne D and The Wayne D Hodges Revocable Trust
Seller's Agent
Woody Stahl
Lyon Stahl Investment Real Est
Buyer's Agent
Ardy Ishal
BRC Advisors- BH
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,275,000
Outstanding Balance
$1,957,946
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
$22,953

Purchase Details

Closed on
Aug 12, 2015
Sold by
Hodges Wayne D
Bought by
Hodges Wayne D

Purchase Details

Closed on
Jul 29, 2010
Sold by
Lewis Kent
Bought by
Lewis Kent and The Kent Lewis 2010 Trust

Purchase Details

Closed on
Feb 6, 1996
Sold by
Chesterfield A Bruce
Bought by
Chesterfield Alan Bruce and The Alan Bruce Chesterfield Revocable Tr
Source: Public Records

Range of Values:

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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
Slh Fund Llc $3,500,000 Usa National Title Company
Hodges Wayne D -- Usa National Title Company
Hodges Wayne D -- None Available
Lewis Kent -- None Available
Chesterfield Alan Bruce -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slh Fund Llc $1,075,200
Open Slh Fund Llc $2,275,000
Closed Slh Fund Llc $2,275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2018 03/29/18 Sold $1,750,000 -5.4% $1,188 / Sq Ft
07/17/2017 07/17/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $1,850,000 -- $1,256 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,781 $1,991,196 $1,934,307 $56,889
2024 $23,781 $1,952,154 $1,896,380 $55,774
2023 $23,320 $1,913,878 $1,859,197 $54,681
2022 $22,233 $1,876,352 $1,822,743 $53,609
2021 $21,968 $1,839,561 $1,787,003 $52,558
2019 $21,309 $1,785,000 $1,734,000 $51,000
2018 $1,322 $85,709 $59,449 $26,260
2016 $21,133 $1,750,000 $1,550,000 $200,000
2015 $1,243 $81,147 $56,284 $24,863
2014 $1,262 $79,558 $55,182 $24,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17119593

California Regional Multiple Listing Service (CRMLS)

APN: 4238-021-009