NOT LISTED FOR SALE

332 4th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,023,000 - $2,550,000

3 Beds
3 Baths
1,620 Sq Ft
$1,417/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $2,100,000 $1,296 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $14,319/month

5 Days on Market

Highlights

  • RV Access or Parking
  • Gated Parking
  • Central Heating
  • Venice High School Rated A
  • Air Conditioning
  • 1-Story Property

About This Home

As of August 2018

Rose Avenue Venice compound. Two structures - front structure is two vacant side by side remodeled one beds with pitched ceilings, recessed lighting, French doors and lots of loungy yard space - "if possible" front structure could be combined for a 2 bed 2 bath home with French doors to the front yard (simple conversion) - BACK structure is a stand alone one bedroom home with high ceilings, recessed lighting, wood deck, French doors off the living and bedroom and an outdoor shower. Big lot with lots of open spaces to enjoy, add square footage, be creative... steps to Rose Avenue and walking distance to the beach and Abbott Kinney - lots of onsite parking, mature trees and fully secure. Open this Sunday 2-5 pm.

Last Agent to Sell the Property

Stacey Valnes

Create License #00989680 Listed on: 07/13/2018

Last Buyer's Agent

Stacey Valnes

Create License #00989680 Listed on: 07/13/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,270 Sq Ft Lot

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Private Parking
  • Garage Door Opener
  • Gated Parking
  • RV Access or Parking

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-008-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Rose Avenue Venice compound. Two structures - front structure is two vacant side by side remodeled one beds with pitched ceilings, recessed lighting, French doors and lots of loungy yard space - "if possible" front structure could be combined for a 2 bed 2 bath home with French doors to the front yard (simple conversion) - BACK structure is a stand alone one bedroom home with high ceilings, recessed lighting, wood deck, French doors off the living and bedroom and an outdoor shower. Big lot with lots of open spaces to enjoy, add square footage, be creative... steps to Rose Avenue and walking distance to the beach and Abbott Kinney - lots of onsite parking, mature trees and fully secure. Open this Sunday 2-5 pm.
  • Living Area: 1620
  • Stories: 1
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1231.48

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Door Opener, Gated, Parking Space, Private, RV Access
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4240-008-028
  • Geocode Override: No
  • Lot Size Area: 5270

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.40
  • Number Of Units: 3
  • Type Of Units: remodeled

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Aug 14, 2018
Sold by
Fourth Ave Venice Llc
Bought by
Eto Teruyoshi and Eto Christopher Tomohiko
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Stacey Valnes
Create
List Price
$1,995,000
Sold Price
$2,100,000
Premium/Discount to List
$105,000
5.26%
Current Estimated Value
$2,296,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,298
Avg. Annual Appreciation
1.22%
Original Mortgage
$1,365,000
Outstanding Balance
$1,168,535
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,127,763

Purchase Details

Closed on
Jun 6, 2016
Sold by
Morea Adrienne and Adrienne Morea Revocable Trust
Bought by
Fourth Ave Venice Llc

Purchase Details

Closed on
Jun 11, 2012
Sold by
Babuscio Thomas
Bought by
Morea Darien and Morea Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2012
Sold by
Morea Adrienne
Bought by
Morea Darien and Morea Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2008
Sold by
Morea Adrienne
Bought by
Morea Adrienne and Adrienne Morea Revocable Trust

Purchase Details

Closed on
Oct 23, 2003
Sold by
Babuscio Thomas and Morea Adrienne
Bought by
Morea Adrienne and Morea Darien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eto Teruyoshi $2,100,000 Lawyers Title Insurance Comp
Eto Teruyoshi -- Lawyers Title Company
Fourth Ave Venice Llc -- Chicago Title Company
Morea Darien -- Chicago Title Company
Morea Darien -- Accommodation
Morea Adrienne -- Investors Title Company
Morea Adrienne -- None Available
Morea Adrienne -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eto Teruyoshi $1,365,000
Previous Owner Morea Adrienne $262,000
Previous Owner Morea Adrienne $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $2,100,000 +5.3% $1,296 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $1,995,000 -- $1,231 / 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 $27,871 $2,342,585 $1,896,380 $446,205
2024 $27,871 $2,296,653 $1,859,197 $437,456
2023 $27,328 $2,251,622 $1,822,743 $428,879
2022 $26,050 $2,207,473 $1,787,003 $420,470
2021 $25,740 $2,164,190 $1,751,964 $412,226
2020 $26,011 $2,142,000 $1,734,000 $408,000
2019 $24,964 $2,100,000 $1,700,000 $400,000
2018 $6,630 $532,665 $398,986 $133,679
2016 $6,338 $511,983 $383,494 $128,489
2015 $6,247 $504,293 $377,734 $126,559
2014 $6,286 $494,415 $370,335 $124,080
Source: Public Records

Agents Affiliated with this Home

  • Stacey Valnes

    Seller's Agent in 2018

    Stacey Valnes

    Create

    (310) 455-0096

    8 in this area

    71 Total Sales

    Stacey Valnes
    Section Image
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Map

Source: The MLS

MLS Number: 18-363954

The MLS

APN: 4240-008-028

California Los Angeles County Venice 90291 Venice

332 4th Ave, Venice, CA

Not Listed for Sale

MultiFamily

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