NOT LISTED FOR SALE

Estimated Value: $1,949,000

4 Beds
5 Baths
2,672 Sq Ft
$729/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $1,900,000 $711 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $12,105/month

117 Days on Market

Highlights

  • Baseboard Heating
  • 1-Story Property
  • 5-minute walk to Venice Beach Playground
  • Venice High School Rated A

About This Home

As of November 2023

Once in a lifetime opportunity to acquire 5-unit on a quiet walk street just steps to the famed Venice Beach Boardwalk, and a short walk to Abbot Kinney, Main Street and Rose Ave. Property consists of (1) 2+1, (2) 1+1, and (2) 0+1 units, and is fully occupied. Drive-by only, interior viewings with accepted offer only. Market CAP of 5.16, and a low $439,000/unit price! Where else can you acquire units for less right next to the beach? Tremendous upside and long-term potential.

Last Agent to Sell the Property

Joshua Barre

Westside Property Management Inc. License #01222605 Listed on: 06/08/2023

Last Buyer's Agent

Daniel Sloan

Howard Management Group License #01802548

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 3,751

Interior Spaces

  • 2,672 Sq Ft Home
  • 1-Story Property
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Additional Features

  • 3,751 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-021-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

3,751 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2672
  • Lot Acreage: 0.0861
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 5.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 821.48

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Baseboard

Lot Info

  • Assessed Improvement Percent: 43.55
  • Assessed Improvement Value: 57729
  • Assessed Land Percent: 56.45
  • Assessed Land Value: 74826
  • Total Assessed Value: 132555
  • Assessor Parcel Number: 4286-021-013
  • Lot Size Area: 3751

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 20.81
  • Number Of Units: 5
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Oct 27, 2023
Sold by
John M Fitts And Doris C Fitts Family Tr
Bought by
Dutton James L
Seller's Agent
Joshua Barre
Westside Property Management Inc.
Buyer's Agent
Daniel Sloan
Howard Management Group
List Price
$2,195,000
Sold Price
$1,900,000
Premium/Discount to List
-$295,000
-13.44%
Views
105
Current Estimated Value
$1,949,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,000
Avg. Annual Appreciation
1.08%
Source: Public Records
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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
Dutton James L $1,900,000 Usa National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2025 03/05/25 Off Market $2,995 -- --
01/10/2025 01/10/25 Price Changed $2,995 +30.5% $9 / Sq Ft
11/22/2024 11/22/24 Price Changed $2,295 -23.4% $7 / Sq Ft
11/21/2024 11/21/24 For Rent $2,995 0.0% --
11/01/2023 11/01/23 Sold $1,900,000 -13.4% $711 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $2,195,000 -- $821 / Sq Ft
Source: The MLS

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 $23,572 $1,938,000 $1,632,000 $306,000
2024 $23,572 $1,900,000 $1,600,000 $300,000
2023 $2,403 $135,205 $76,322 $58,883
2022 $1,980 $132,555 $74,826 $57,729
2021 $1,939 $129,957 $73,359 $56,598
2019 $1,890 $126,404 $71,184 $55,220
2018 $1,813 $123,933 $69,789 $54,144
2016 $1,711 $118,834 $67,080 $51,754
2015 $1,690 $117,050 $66,073 $50,977
2014 $1,732 $114,758 $64,779 $49,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-278729

The MLS

APN: 4286-021-013

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