NOT LISTED FOR SALE

Estimated Value: $2,577,597 - $2,799,000

4 Beds
6 Baths
2,642 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold May 01, 2018

Last sale price $2,450,000 $927 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $17,553/month

193 Days on Market

About This Home

As of May 2018

4 unit on a desirable walk street in Venice, half a block to the beach! West of Pacific Avenue and south of Venice Blvd. The two bedroom units, both with stack washer/dryers, have been redone and each come with 2 side-by-side parking in the rear. Both singles have combo washer/dryer units and do not come with parking. The windows have been replaced and a new smooth stucco exterior was completed last year. New Tankless water heaters were installed in 2015. All 4 units are currently occupied.

Last Agent to Sell the Property

Kacey Barnett

Sail Realty License #01959770 Listed on: 08/28/2017

Last Buyer's Agent

Robert Maschio

Compass License #02010887

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,158

Year Built

  • Built in 1965

Lot Details

  • 2,641

Interior Spaces

  • 2,642 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Side by Side Parking

Additional Features

  • 2,641 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4226-015-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,158

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2642
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 2
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 946.25

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 4

Utilities

  • Water District: LADWP
  • Heating: Radiant
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 4226-015-014
  • Geocode Override: No
  • Lot Size Area: 2641

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.68
  • Number Of Units: 4
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 17700
  • Type Of Units: Rental
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2020
Sold by
Anthony Simon Grazyna and Anthony Christoper
Bought by
Simon Grazyna and Simon Anthony Christopher
Current Estimated Value
$2,714,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Outstanding Balance
$1,655,126
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$1,547,513

Purchase Details

Listed on
Aug 28, 2017
Closed on
Apr 12, 2018
Sold by
Reimers John Nelson
Bought by
Anthony Simon Grazyna and Anthony Christopher
Seller's Agent
Kacey Barnett
Sail Realty
Buyer's Agent
Robert Maschio
Compass
List Price
$2,500,000
Sold Price
$2,450,000
Premium/Discount to List
-$50,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.72%
Original Mortgage
$1,837,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 20, 2011
Sold by
Reimers John Nelson and Reimers Sarah Dow
Bought by
Reimers John Nelson and Reimers Sarah Dow

Purchase Details

Closed on
Jul 5, 2000
Sold by
Burgess Md Penelope D and The Penelope D Burgess Md Inc
Bought by
Reimers John Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.55%
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
Simon Grazyna -- None Available
Anthony Simon Grazyna $2,450,000 Provident Title Company
Reimers John Nelson -- None Available
Reimers John Nelson $635,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anthony Simon Grazyna $1,837,500
Closed Anthony Simon Grazyna $1,837,500
Previous Owner Reimers John Nelson $773,000
Previous Owner Reimers John Nelson $792,000
Previous Owner Reimers John Nelson $801,950
Previous Owner Reimers John Nelson $216,000
Previous Owner Reimers John Nelson $528,000
Previous Owner Reimers John Nelson $120,000
Previous Owner Reimers John Nelson $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $2,450,000 0.0% $927 / Sq Ft
09/18/2017 09/18/17 Off Market $2,450,000 -- --
08/28/2017 08/28/17 For Sale $2,500,000 -- $946 / 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 $33,158 $2,787,678 $2,218,765 $568,913
2024 $33,158 $2,733,018 $2,175,260 $557,758
2023 $32,510 $2,679,430 $2,132,608 $546,822
2022 $30,988 $2,626,893 $2,090,793 $536,100
2021 $30,614 $2,575,387 $2,049,798 $525,589
2020 $30,936 $2,549,780 $2,028,780 $521,000
2019 $29,691 $2,499,800 $1,989,000 $510,800
2018 $10,361 $841,730 $662,154 $179,576
2016 $9,897 $808,278 $636,443 $171,835
2015 $9,754 $796,138 $626,884 $169,254
2014 $9,806 $780,544 $614,605 $165,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-265132

The MLS

APN: 4226-015-014