NOT LISTED FOR SALE

Estimated Value: $1,632,471 - $2,273,000

4 Beds
3 Baths
2,236 Sq Ft
$892/Sq Ft Est. Value

Last Sold June 22, 2020

Last sale price $1,500,000 $671 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $12,478/month

5 Days on Market

About This Home

As of June 2020

Rare heart of Venice Triplex zoned LAR3. SFR 2 bed 1 bath plus two 1 Bed 1Bath Apartments. Freshly painted. Front house is vacant and easy to show. Great opportunity to create a compound/build your dream house. Also Fantastic investment opportunity for developer rare LAR3 zoning.Short distance to Venice canals, Venice beach, Abbot Kinney and Main Street. Sold as is.

Last Agent to Sell the Property

Jasan Sherman

Coldwell Banker Realty License #01333986 Listed on: 05/12/2020

Coldwell Banker Realty

Last Buyer's Agent

Jasan Sherman

Coldwell Banker Realty License #01333986 Listed on: 05/12/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,633

Year Built

  • Built in 1939

Lot Details

  • 3,231

Parking

  • 2 Car Garage

Home Design

  • 2,236 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 3,231 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4238-023-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,633

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2236
  • Year Built: 1939
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 759.84

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 211248
  • Assessed Land Value: 844995
  • Assessor Parcel Number: 4238-023-025
  • Geocode Override: No
  • Lot Size Area: 3231

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: $5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
May 18, 2020
Sold by
Pernisco Eleanore J and Atkins Eleanor J
Bought by
Pc20 Llc
Seller's Agent
Jasan Sherman
Coldwell Banker Realty
Buyer's Agent
Jasan Sherman
Coldwell Banker Realty
List Price
$1,699,000
Sold Price
$1,500,000
Premium/Discount to List
-$199,000
-11.71%
Current Estimated Value
$1,993,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,618
Avg. Annual Appreciation
5.65%
Original Mortgage
$1,050,000
Outstanding Balance
$758,636
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$1,234,983

Purchase Details

Closed on
Nov 10, 2011
Sold by
Pernisco Alfredo E
Bought by
Atkins Eleanore J

Purchase Details

Closed on
Jan 3, 2006
Sold by
Pernisco Alfredo E and Alfred E Pernisco Revocable Li
Bought by
Pernisco Alfredo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2005
Sold by
Pernisco Alfredo E
Bought by
Pernisco Alfredo E and The Alfred E Pernisco Revocabl

Purchase Details

Closed on
May 12, 2005
Sold by
Drummond Sandra I and The Drummond Family Trust
Bought by
Pernisco Alfredo E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac
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
Pc20 Llc $1,500,000 Progressive Title Company
Atkins Eleanore J -- None Available
Pernisco Alfredo E -- Fidelity National Title Comp
Pernisco Alfredo E -- --
Pernisco Alfredo E $850,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pc20 Llc $1,050,000
Previous Owner Pernisco Alfredo E $817,500
Previous Owner Pernisco Alfredo E $689,500
Previous Owner Pernisco Alfredo E $680,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $1,500,000 -11.7% $671 / Sq Ft
05/17/2020 05/17/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $1,699,000 -- $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 $19,633 $1,640,466 $1,312,373 $328,093
2024 $19,633 $1,608,301 $1,286,641 $321,660
2023 $19,253 $1,576,766 $1,261,413 $315,353
2022 $18,357 $1,545,850 $1,236,680 $309,170
2021 $18,131 $1,515,540 $1,212,432 $303,108
2020 $13,769 $1,120,889 $896,713 $224,176
2019 $13,222 $1,098,912 $879,131 $219,781
2018 $13,155 $1,077,366 $861,894 $215,472
2016 $12,578 $1,035,533 $828,427 $207,106
2015 $12,394 $1,019,980 $815,984 $203,996
2014 $12,446 $1,000,000 $800,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-578502

The MLS

APN: 4238-023-025