NOT LISTED FOR SALE

Estimated Value: $2,114,000 - $2,545,000

3 Beds
3 Baths
2,115 Sq Ft
$1,119/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $1,800,000 $851 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $14,835/month

123 Days on Market

Highlights

  • Tandem Parking
  • Ceiling Fan
  • 5-minute walk to Westminster Dog Park
  • Venice High School Rated A
  • Baseboard Heating

About This Home

As of January 2021

Price adjusted to sell. Unbeatable location. 37 Park Ave is a coveted walk street property just a block from the Ocean Front Walk and 3 blocks from Abbot Kinney Blvd in the high demand rental market of Venice, CA. The building boasts turn of the century architecture and is comprised of 3 units totaling 2,115 sq. ft of rentable living space and sits on a 3,595 sq. ft lot. Parking for 6 cars, a rare commodity.. With a Walkscore of 92 and conveniently located a few short blocks from Abbot Kinney Blvd, Rose Ave, and Main St, the new owner and/or tenants can easily visit the plethora of popular shops, restaurants, and galleries Venice is known for.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 08/03/2020

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 08/03/2020

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,230

Year Built

  • Built in 1905

Lot Details

  • 3,596

Interior Spaces

  • 2,115 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Tandem Parking

Additional Features

  • 3,596 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for gas, electricity, gardener, water
  • Assessor Parcel Number 4286-024-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,230

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2115
  • Lot Acreage: 0.0825
  • Stories: 2
  • Year Built: 1905
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 921.99

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 6
  • Parking Garage: Tandem
  • Total Parking: 6

Utilities

  • Heating: Baseboard

Lot Info

  • Assessed Improvement Percent: 47.16
  • Assessed Improvement Value: 35041
  • Assessed Land Percent: 52.84
  • Assessed Land Value: 39264
  • Total Assessed Value: 74305
  • Assessor Parcel Number: 4286-024-014
  • Lot Size Area: 3596

Rental Info

  • Owner Pays: Gas, Electricity, Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 22.40
  • Number Of Units: 2
  • Total Annual Expense: 36883
  • Type Of Units: multifamily
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2023
Sold by
Liu Ying and Liu Yanfang
Bought by
Ying And Yanfang Revocable Trust
Current Estimated Value
$2,367,176

Purchase Details

Listed on
Aug 3, 2020
Closed on
Dec 9, 2020
Sold by
Members Trust Company Fsb L
Bought by
Liu Ying and Liu Yanfang
Seller's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,500,000
Sold Price
$1,800,000
Premium/Discount to List
-$700,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$1,272,750
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2015
Sold by
Sterling Walter L
Bought by
Walter & Adele Sterling Revocable Trust and First American Trust Fsb

Purchase Details

Closed on
Feb 2, 2011
Sold by
Sterling Walter L and Sterling Adele
Bought by
Sterling Walter L and Walter & Adele Sterling Revocable 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
Ying And Yanfang Revocable Trust -- None Listed On Document
Liu Ying $1,800,000 Corinthian Title
Walter & Adele Sterling Revocable Trust -- None Available
Sterling Walter L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Ying $1,272,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $1,800,000 -7.7% $851 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $1,950,000 -7.1% $922 / Sq Ft
09/03/2020 09/03/20 Price Changed $2,100,000 -16.0% $993 / Sq Ft
08/03/2020 08/03/20 For Sale $2,500,000 -- $1,182 / 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 $23,230 $1,948,375 $1,558,701 $389,674
2024 $23,230 $1,910,173 $1,528,139 $382,034
2023 $22,779 $1,872,720 $1,498,176 $374,544
2022 $21,715 $1,836,000 $1,468,800 $367,200
2021 $1,233 $79,665 $42,096 $37,569
2020 $1,231 $78,849 $41,665 $37,184
2019 $1,192 $77,304 $40,849 $36,455
2018 $1,133 $75,790 $40,049 $35,741
2016 $1,063 $72,849 $38,495 $34,354
2015 $1,050 $71,755 $37,917 $33,838
2014 $1,069 $70,351 $37,175 $33,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-612994

The MLS

APN: 4286-024-014