NOT LISTED FOR SALE

Estimated Value: $1,909,000 - $2,801,000

3 Beds
3 Baths
1,660 Sq Ft
$1,488/Sq Ft Est. Value

Last Sold March 02, 2021

Last sale price $2,350,000 $1,416 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $15,452/month

183 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • Built-In Features
  • Venice High School Rated A
  • Enclosed Patio or Porch
  • Side by Side Parking

About This Home

As of March 2021

A: $4,500 B: $4,000 C: $4,600 ~ Experience the ultimate Venice Beach lifestyle with this newly updated Craftsman Triplex with modern amenities and glass Dutch doors that exemplify the indoor-outdoor style living. Go down the private deck walkway, across the White Diamond Granite Sand flooring, through the secluded yard to the keyless entry door. This light infused open concept home offers brand new appliances that include: washer and dryer in-unit, dishwasher, oven range and refrigerator. Entertain guests at the sit up bar area with a Mahogany butcher block counter and retire to a spacious bedroom with walk-in closet and air conditioning. Additional highlights include individual private yards/garages/storage, Carrara marble shower with rain showerhead, Japanese-style Toto toilet with bidet and Nest camera system. Unbelievable location with incredible proximity to Rose Ave., Abbott Kinney, Gjusta, Groundworks and many other amazing boutique shops and restaurants known only in Venice.

Last Agent to Sell the Property

Michael Grady

The Agency License #01505317 Listed on: 07/08/2020

The Agency

Co-Listed By

Jagger Kroener

The Agency License #01984562

Last Buyer's Agent

Outside Agent

License #0

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 5,270

Parking

  • 3 Car Garage
  • Side by Side Parking

Home Design

  • Craftsman Architecture

Interior Spaces

  • 1,660 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Additional Features

  • 5,270 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-008-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Experience the ultimate Venice Beach lifestyle with this newly updated Craftsman-style Triplex with modern amenities and glass Dutch doors that exemplify the indoor-outdoor style living. Go down the private deck walkway, across the White Diamond Granite Sand flooring, through the secluded yard with a custom water fountain to the keyless entry door. The light infused and spacious open concept bungalows offers brand new appliances that include: washer and dryer in-unit, dishwasher, oven range and refrigerator. Entertain guests at the sit up bar areas with Mahogany butcher block counters and retire to a spacious bedroom with walk-in closet and air conditioning. Additional highlights include individual private yards/garages/storage, Carrara marble shower with rain shower-head, Japanese-style Toto toilet with bidet and Nest camera system. Unbelievable location with incredible proximity to Rose Ave., Abbott Kinney, Gjusta, Groundworks and many other amazing boutique shops and restaurants.
  • Living Area: 1660
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1503.01

Exterior Features

  • Other Structures: None
  • Patio: Deck(s), Enclosed, Patio Open, Porch, Porch - Front, Porch - Rear

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Garage - 3 Car, Private Garage, Side By Side
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessor Parcel Number: 4240-008-029
  • Lot Size Area: 5270

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.54
  • Number Of Units: 3
  • Type Of Units: private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Young Joseph C
Bought by
Venice Oasis Llc
Current Estimated Value
$2,470,351

Purchase Details

Closed on
Aug 3, 2017
Sold by
Lundberg Brigid
Bought by
Young Joseph C

Purchase Details

Closed on
Dec 23, 2011
Sold by
Lundberg Herbert M
Bought by
Lundberg Herbert and The Herbert Lundberg Living Trust

Purchase Details

Closed on
Sep 1, 2011
Sold by
Lundberg Herbert and The Herbert Lundberg Living Tr
Bought by
Lundberg Herbert M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,000
Interest Rate
4.37%
Mortgage Type
New Conventional
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
Venice Oasis Llc -- None Listed On Document
Young Joseph C $1,700,000 Lawyers Title Company
Lundberg Herbert -- Accommodation
Lundberg Herbert M -- Fidelity National Title
Lundberg Herbert M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lundberg Herbert M $229,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $2,350,000 -5.8% $1,416 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
10/26/2020 10/26/20 Price Changed $2,495,000 -3.9% $1,503 / Sq Ft
08/27/2020 08/27/20 Price Changed $2,595,000 -3.7% $1,563 / Sq Ft
07/08/2020 07/08/20 For Sale $2,695,000 -- $1,623 / 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 $30,568 $2,543,714 $1,823,897 $719,817
2024 $30,246 $2,493,838 $1,788,135 $705,703
2023 $29,656 $2,444,940 $1,753,074 $691,866
2022 $28,268 $2,397,000 $1,718,700 $678,300
2021 $23,029 $1,932,818 $1,262,950 $669,868
2020 $21,539 $1,768,680 $1,560,600 $208,080
2019 $20,675 $1,734,000 $1,530,000 $204,000
2018 $19,550 $1,612,620 $1,404,540 $208,080
2016 $778 $45,305 $21,513 $23,792
2015 $770 $44,625 $21,190 $23,435
2014 $796 $43,751 $20,775 $22,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-601304

The MLS

APN: 4240-008-029