$1,900,000
SOLD NOV 1, 2023
4 Beds
5 Baths
2,672 Sq Ft
3,751 Sq Ft Lot

Recently Sold

$711 Per Sq Ft

13% Below List Price

117 Days on Market

Highlights

  • Baseboard Heating
  • Venice High School Rated A
  • 1-Story Property

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

Est. Annual Taxes

  • $23,572

Year Built

  • Built in 1948

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

Est. Annual Taxes

$23,572

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2672
  • Lot Acreage: 0.0861
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 52
  • 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
  • Total Annual Expense: 45854
  • Type Of Units: 4
  • Vacancy Rate: 0

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Source: Public Records

Similar Homes in the area

  • 34 Dudley Ave, Venice, CA 90291

    $1,500,000

    • 4 Beds
    • 5 Baths
    • 2,672 Sq Ft
    • 34 Dudley Ave
    • Venice, CA

    Great Beach Oasis in the Heart of Venice Beach! Welcome to this charming 5 unit building located on a rare pedestrian only street and half a block from the beach and the infamous Venice Boardwalk. Easy access to the 10 freeway and Lincoln Blvd. Seconds away from delicious restaurants including Dudley market, Venice ale house and Fig tree. Property consists of One - 2+1, Two - 1+1, and Two -

    James Dutton J. D. Realty Company

    Section Image
  • 125 Brooks Ave, Venice, CA 90291

    $1,849,000

    • 4 Beds
    • 3 Baths
    • 2,173 Sq Ft
    • 125 Brooks Ave
    • Venice, CA

    **PRICED TO SELL** This Venice Beach duplex offers an unbeatable location, just one block from the sand and moments from Abbot Kinney, Ocean Front Walk, Main Street, Rose Avenue, and Google. The property includes two units, six parking spaces, and gated access for added privacy. The ground-floor unit spans two stories and features two bedrooms and two bathrooms, while the upper unit offers two

    Bjorn Farrugia Carolwood Estates

    Section Image
  • 346 Brooks Ave, Venice, CA 90291

    $1,895,000

    • 4 Beds
    • 3 Baths
    • 1,830 Sq Ft
    • 346 Brooks Ave
    • Venice, CA

    Incredible Venice Beach Triplex Development Opportunity Steps to Abbot Kinney & the Ocean. Unlock the potential of this rare Venice Beach offering; ideal investment or owner-user opportunity just 1/3 of a mile from the sand and one block to Abbot Kinney's world-renowned shops, cafes, and restaurants. Sitting on a large 5,200 sqft corner lot, this triplex is primed for a streamlined renovation or

    Tyler Kunkle Pardee Properties

    Section Image
  • 224 Horizon Ave, Venice, CA 90291

    $1,998,000

    • 4 Beds
    • 4 Baths
    • 2,298 Sq Ft
    • 224 Horizon Ave
    • Venice, CA

    Located on a quiet, tree-lined street, around the corner from Venice Beach & Abbot Kinney, this 100-year-old 4-unit Craftsman exudes timeless character and charm. Currently leased at $2,600 per month, the front lower unit #1 features a classic front porch for outdoor entertaining, private entrance, in-unit laundry, and functional living space. Upstairs in the front is Unit 3, occupied by the same

    Alan Taylor Compass

    Section Image
  • 1208 Cabrillo Ave, Venice, CA 90291

    $2,199,000

    • 3 Beds
    • 6 Baths
    • 2,241 Sq Ft
    • 1208 Cabrillo Ave
    • Venice, CA

    Prime Abbot Kinney Location! Don't miss out on this triplex of 3 beautifully restored 1-bedroom, 1.5-bath freestanding and Craftsman bungalows, ideally located just one block from Abbot Kinney and only four blocks to the beach. Built in 1914, this charming two-story home boasts original molding and beams that have been expertly restored, along with hardwood floors throughout. A wood and

    Gregory Masi Compass

    Section Image
  • 22 20th Ave, Los Angeles, CA 90291

    $1,799,000

    • 4 Beds
    • 6 Baths
    • 2,980 Sq Ft
    • 22 20th Ave
    • Los Angeles, CA

    Prime Venice Beach location with 6 total rental units! Introducing an incredible opportunity to own an investment property, nestled on a lovely walk street, just 1.5 blocks from the world-famous Venice Beach Boardwalk. Located between Speedway and Pacific Avenue, this pride-of-ownership asset has been in the same family for generations. The property consists of six units (4 one-bedrooms and 2

    Dennis Hsii Highland Premiere Real Estate

    Section Image
  • 1016 Oakwood Ave, Venice, CA 90291

    $2,199,999

    • 4 Beds
    • 2 Baths
    • 1,616 Sq Ft
    • 1016 Oakwood Ave
    • Venice, CA

    Introducing the epitome of California Bungalow living nestled in the highly sought-after Oakwood section of Venice Beach. Enjoy 2 separate homes on this spacious lot with each house having its own outdoor space and private entrances. This property serves as the perfect home for an owner / user or passive income source for an investor. Live in 1 house while renting out the other, live in both

    Brandon Meneses The Beverly Hills Estates

    Section Image
  • 837 Milwood Ave, Venice, CA 90291

    $1,525,000

    • 3 Beds
    • 2 Baths
    • 1,340 Sq Ft
    • 837 Milwood Ave
    • Venice, CA

    We're excited to share a fantastic opportunity to create value on one of the best streets in Venice. This income property is located on an extra-wide, tree-lined street, offering close proximity to Abbot Kinney, Rose Avenue, and some of the hottest new spots on Lincoln Blvd. The property itself boasts timeless charm and character, surrounded by lush landscaping and mature fruit trees. It's

    Consuela Kielbowicz Del Rey Urban Brokerage Inc

    Section Image
  • 12 25th Place Unit 3, Venice, CA 90291

    $1,710,000

    • 4 Beds
    • 4 Baths
    • 1,948 Sq Ft
    • 12 25th Place
    • Unit 3
    • Venice, CA

    4-plex right on the beach currently operating at a 5.47%CAP RATE! 12 25th Pl, Venice is a primeopportunity for any buyer looking to take advantage ofresidential financing and own in an A+ neighborhood. Allunits have been remodeled! Ideal for owner-user opportunity or investors looking to capitalize on Venice's historic route.Each unit offers comfortable living spaces and

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,900,000 Usa National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $1,500,000 -21.1% $561 / Sq Ft
04/14/2025 04/14/25 For Sale $1,900,000 0.0% $711 / 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 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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-278729

The MLS

APN: 4286-021-013