NOT LISTED FOR SALE

Estimated Value: $1,862,179 - $1,978,000

4 Beds
5 Baths
2,672 Sq Ft
$719/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2023

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

Est. 1% increase in value since last sale

Current estimated payment $12,204 / mo

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
102
Current Estimated Value
$1,920,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,090
Avg. Annual Appreciation
0.42%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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