NOT LISTED FOR SALE

Estimated Value: $1,900,297 - $2,595,000

4 Beds
4 Baths
1,884 Sq Ft
$1,132/Sq Ft Est. Value

Last Sold November 29, 2012

Last sale price $975,000 $518 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $13,072/month

119 Days on Market

Highlights

  • Carpet
  • Venice High School Rated A
  • Wall Furnace

About This Home

As of November 2012

Charming fourplex just 1/2 mile to beach. Each unit is a separate building consisting of 1 bedroom and 1 bath each. Two building
used garages can be rent out. New roof on rear unit, recent copper plumbing in three units. 2nd unit from from had new steel pipes
installed in 1989. Each unit has a small side yard area. Three rear units have some flooring and kitchen upgrades.

For Developers: This is the largest residential lot on the market in Venice. This neighborhood is up and coming with several
development projects underway.

For Investors: Idea - this property can possibly be converted into vacation rentals, through a service, at nightly and weekly rates.
Tenants typically pay cleaning fees.

Buyers to verify all USE and DEVELOPMENT potential.









Just east of Rose Ave. between Main St. and Lincoln Blvd.

Last Agent to Sell the Property

Greg Trotter

Coldwell Banker Realty License #00978695 Listed on: 06/01/2012

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,751

Year Built

  • Built in 1923

Lot Details

  • 6,358

Parking

  • 3 Car Garage

Interior Spaces

  • 1,884 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,358 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 7406
  • Assessor Parcel Number 4240010010

Community Details

Overview

  • 4 Buildings
  • 10 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $575
  • Maintenance Expense $1,312
  • Other Expense $600
  • Water Sewer Expense $1,406
  • New Taxes Expense $11,940
  • Operating Expense $17,003
  • Gross Income $3,644
  • Net Operating Income $25,419

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,751

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Water Sewer Expenses: 1406.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4240010010
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Price Per Square Foot: 517.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6358.00
  • Lot Size Acres: 0.1460

Multi Family

  • Gross Income: 3644.00
  • Gross Operating Income: 42422.00
  • Gross Scheduled Income: 43734.00
  • Insurance Expense: 575.00
  • Lot Size Area: 6358.0000 Square Feet
  • Maintenance Expense: 1312.00
  • Net Operating Income: 25419.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 10
  • Operating Expense: 17003.00
  • Other Expense: 600.00
  • Rent Control: Yes
  • Total Actual Rent: 3644.00
  • Total Expenses: 17003.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11940.00
  • Tax Lot: 10
  • Tax Tract Number: 07406
  • Tax Annual Amount: 3751.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2018
Sold by
Doniger Stephen
Bought by
315 6Th Ave Llc
Current Estimated Value
$2,132,824

Purchase Details

Listed on
Jun 1, 2012
Closed on
Oct 12, 2012
Sold by
Twomey Doniger Angela
Bought by
Doniger Stephen
Seller's Agent
Greg Trotter
Coldwell Banker Realty
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$731,250
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2012
Sold by
Ramonas John and Stewart Margaret
Bought by
Doniger Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 1999
Sold by
Ramonas Elena
Bought by
Ramonas Elena and Elena Ramonas Family 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
315 6Th Ave Llc $1,750,000 Usa National Title Co
Doniger Stephen -- Equity Title Los Angeles
Doniger Stephen $975,000 Equity Title Los Angeles
Ramonas Elena -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Doniger Stephen $731,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2012 11/29/12 Sold $975,000 -2.0% $518 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $995,000 -- $528 / 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 $23,035 $1,924,740 $1,820,700 $104,040
2024 $23,035 $1,887,000 $1,785,000 $102,000
2023 $22,905 $1,876,350 $1,769,131 $107,219
2022 $21,840 $1,839,560 $1,734,443 $105,117
2021 $21,577 $1,803,491 $1,700,435 $103,056
2020 $21,802 $1,785,000 $1,683,000 $102,000
2019 $20,930 $1,750,000 $1,650,000 $100,000
2018 $12,942 $1,055,201 $838,750 $216,451
2016 $12,382 $1,014,228 $806,181 $208,047
2015 $12,202 $998,994 $794,072 $204,922
2014 $12,262 $979,426 $778,518 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12069186

California Regional Multiple Listing Service (CRMLS)

APN: 4240-010-010