NOT LISTED FOR SALE

Estimated Value: $1,842,000 - $2,763,000

6 Beds
4 Baths
3,532 Sq Ft
$686/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $2,000,000 $566 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $15,423/month

21 Days on Market

About This Home

As of May 2017

TRUST SALE. TIME TO WRITE ON THIS OPPORTUNITY! Street to alley Fourplex on large appx 6406sf lot in fabulous location in rapidly gentrifying Silicon Beach, 6 blocks from the sand, and in the heart of Venice Beach. The building size is 3532 Sq Ft. with spacious units and a good unit mix which is comprised of one one bedroom/1 bath, one one bedroom plus den and two 2 bedroom/1 bath units. 8 open parking spaces. All expense figures are estimates, actual figures unknown. Buy now, develop later or paint and fix! Showings are currently drive by only.

Last Agent to Sell the Property

Linda Light

Coldwell Banker Realty License #00786737 Listed on: 04/18/2017

Coldwell Banker Realty

Co-Listed By

Mark Bukowski

Mark Bukowski License #00836588

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,862

Year Built

  • Built in 1949

Lot Details

  • 6,406

Home Design

  • Quadruplex

Interior Spaces

  • 3,532 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Unassigned Parking

Additional Features

  • 6,406 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-010-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,862

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3532
  • Probate: No
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 608.72

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Unassigned
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 118506
  • Assessed Land Value: 54638
  • Assessor Parcel Number: 4240-010-013
  • Geocode Override: No
  • Lot Size Area: 6406

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: fourplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Xyz Rent 10 Llc
Bought by
Work Xyz Lp
Current Estimated Value
$2,423,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,238,884
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$1,200,838

Purchase Details

Listed on
Apr 18, 2017
Closed on
May 8, 2017
Sold by
Ellison David Wallcae and Bukowski Ruth Elaine Ellison
Bought by
Xyz Rent 10 Llc
Seller's Agent
Linda Light
Coldwell Banker Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%
Original Mortgage
$1,400,000
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 26, 2013
Sold by
Ellison Elaine R
Bought by
Ellison Elaine and The Elaine Ellison Trust
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
Work Xyz Lp -- Orange Coast Ttl Co Of Nocal
Xyz Rent 10 Llc $2,000,000 Lawyers Title
Ellison Elaine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Work Xyz Lp $1,400,000
Previous Owner Xyz Rent 10 Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2017 05/24/17 Sold $2,000,000 -7.0% $566 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $2,150,000 -- $609 / 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 $27,862 $2,321,166 $2,147,081 $174,085
2024 $27,862 $2,275,654 $2,104,982 $170,672
2023 $27,324 $2,231,034 $2,063,708 $167,326
2022 $26,055 $2,187,290 $2,023,244 $164,046
2021 $25,734 $2,144,403 $1,983,573 $160,830
2020 $26,000 $2,122,415 $1,963,234 $159,181
2019 $24,963 $2,080,800 $1,924,740 $156,060
2018 $24,815 $2,040,000 $1,887,000 $153,000
2016 $2,427 $173,144 $54,638 $118,506
2015 $2,397 $170,544 $53,818 $116,726
2014 $2,434 $167,204 $52,764 $114,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-219486

The MLS

APN: 4240-010-013