NOT LISTED FOR SALE

Estimated Value: $1,122,000 - $2,680,371

2 Beds
2 Baths
936 Sq Ft
$1,747/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $2,700,000 $2,885 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $9,889/month

63 Days on Market

Highlights

  • Gated Parking
  • Living Room with Fireplace
  • 1-Story Property
  • Venice High School Rated A
  • No HOA

About This Home

As of March 2023

This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. The house is being sold along with the adjoining lot located at 10875 Venice Boulevard. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for 3759 Midvale ave. is $2,545, the 4 apartments are projected at $6,590 total per month, the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.

Last Agent to Sell the Property

Gary Fox

Miller & Desatnik Realty Co. License #00847295 Listed on: 01/04/2023

Co-Listed By

Mike Wozniak

Miller & Desatnik Realty Co. License #01856514

Last Buyer's Agent

Gary Fox

Miller & Desatnik Realty Co. License #00847295 Listed on: 01/04/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,769

Year Built

  • Built in 1924

Lot Details

  • 2,255 Sq Ft Lot
  • Property is zoned LAC2

Interior Spaces

  • 936 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Gated Parking

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4252-025-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,769

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Unknown
  • Street Number Display: Yes
  • Living Area: 936
  • Lot Acreage: 0.0518
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 3178.42

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 1

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4252-025-004
  • Lot Size Area: 2255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2023
Closed on
Mar 1, 2023
Sold by
Kissack Family Trust
Bought by
10875 Venice Midvale Llc
Seller's Agent
Gary Fox
Miller & Desatnik Realty Co.
Buyer's Agent
Gary Fox
Miller & Desatnik Realty Co.
List Price
$2,975,000
Sold Price
$2,700,000
Premium/Discount to List
-$275,000
-9.24%
Views
37
Current Estimated Value
$1,634,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,065,157
Avg. Annual Appreciation
-18.39%
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
10875 Venice Midvale Llc $2,700,000 Old Republic Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $2,700,000 -9.2% $2,885 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $2,975,000 -- $3,178 / 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 $11,769 $988,380 $884,340 $104,040
2024 $11,769 $969,000 $867,000 $102,000
2023 $11,378 $936,360 $832,320 $104,040
2022 $582 $37,309 $20,354 $16,955
2021 $567 $36,578 $19,955 $16,623
2019 $553 $35,495 $19,364 $16,131
2018 $519 $34,800 $18,985 $15,815
2016 $487 $33,450 $18,249 $15,201
2015 $481 $32,948 $17,975 $14,973
2014 $494 $32,303 $17,623 $14,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-229257

The MLS

APN: 4252-025-004