NOT LISTED FOR SALE

38 Ozone Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,542,000 - $1,997,000

3 Beds
3 Baths
1,562 Sq Ft
$1,097/Sq Ft Est. Value

Sale Details

Date Sold: April 13, 2022

Last sale price $1,675,000 $1,072 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $10,916 / mo

50 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Bathtub with Shower
  • Venice High School Rated A
  • Wood Flooring
  • 5-minute walk to Venice Beach Playground

About This Home

As of April 2022

Rare opportunity to own a triplex mere step away from Venice Beach and the Pacific Ocean. (Can be purchased as a portfolio with adjacent properties 34 Ozone Ave (6 unit) & 40 Ozone Ave (vacant lot). This triplex was built in 1907 and features a unit mix of (2) 1 Bedroom + 1 Bathroom units, and (1) Studio delivered vacant. The subject property is 1,563 SQ. FT. and resides on a 3,522 square foot lot. Venice Beach is world-renowned, where residents will pay a premium to live and experience beach living along with ample employment opportunities. Investors seeking a solid investment opportunity know that Venice Beach is in high demand. High rents are warranted and achieved due to the proximity to everything a tenant desires.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 01/20/2022

Keller Williams Studio City

Co-Listed By

David Rothblum

RE/MAX One License #01332525

Last Buyer's Agent

Melissa Zee

Keller Williams Beverly Hills License #01451028

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 3,522

Interior Spaces

  • 1,562 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Ocean Views

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Additional Features

  • Beach Access
  • 3,522 Sq Ft Lot

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 4286-019-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

3,522 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1562
  • Lot Acreage: 0.0809
  • Stories: 2
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Tile
  • Appliances: Oven, Range
  • Bedrooms: 3
  • Bathroom Features: Shower Over Tub
  • Laundry: Community
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Range/Oven
  • Price Per S Q F T: 1120.36

Exterior Features

  • Other Structures: None
  • View: Ocean, Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan, Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 16.26
  • Assessed Improvement Value: 227528
  • Assessed Land Percent: 83.74
  • Assessed Land Value: 1171776
  • Total Assessed Value: 1399304
  • Assessor Parcel Number: 4286-019-015
  • Lot Location: Alley Access, Beach Access
  • Lot Size Area: 3522

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 23.40
  • Number Of Units: 3
  • Type Of Units: 3
  • Vacancy Allow Percent: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2020
Sold by
Goldman Darlene F
Bought by
Forman Legacy Trust and Benjamin Michael Forman Trust
Current Estimated Value
$1,713,478

Purchase Details

Closed on
Dec 27, 2017
Sold by
Tula Llc
Bought by
Forman Lorraine and The Lorraine Forman Revocable Trust

Purchase Details

Closed on
Sep 29, 2004
Sold by
Forman Abraham Harry
Bought by
Tula Llc

Purchase Details

Closed on
Apr 26, 2002
Sold by
Forman Lorraine
Bought by
Forman Lorraine and Lorraine Forman Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Forman Legacy Trust $448,000 Ticor Title
Mandar Trust $352,000 Ticor Title
Goldman Darlene F -- Ticor Title
Goldman Darlene F -- Ticor Title
Goldman Darlene F -- Ticor Title
Forman Lorraine -- None Available
Tula Llc -- --
Forman Lorraine -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $1,675,000 -4.3% $1,072 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $1,750,000 -- $1,120 / 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 $21,222 $1,777,523 $1,591,812 $185,711
2024 $21,222 $1,742,670 $1,560,600 $182,070
2023 $20,810 $1,708,500 $1,530,000 $178,500
2022 $18,443 $1,555,141 $1,286,104 $269,037
2021 $16,748 $1,399,304 $1,171,776 $227,528
2020 $16,922 $1,384,956 $1,159,761 $225,195
2019 $16,246 $1,357,801 $1,137,021 $220,780
2018 $4,263 $337,624 $202,580 $135,044
2016 $4,069 $324,515 $194,714 $129,801
2015 $4,012 $319,642 $191,790 $127,852
2014 $4,045 $313,382 $188,034 $125,348
Source: Public Records

Agents Affiliated with this Home

  • David Weinberger

    Seller's Agent in 2022

    David Weinberger

    Keller Williams Studio City

    (818) 970-0915

    5 in this area

    72 Total Sales

    David Weinberger
    Section Image
  • David Rothblum

    Seller Co-Listing Agent in 2022

    David Rothblum

    RE/MAX

    (818) 400-0803

    6 in this area

    114 Total Sales

    David Rothblum
    Section Image
  • Melissa Zee

    Buyer's Agent in 2022

    Melissa Zee

    Keller Williams Beverly Hills

    (310) 309-0099

    3 in this area

    48 Total Sales

    Melissa Zee
    Section Image

  • B

    Buyer Co-Listing Agent in 2022

    Brian Katz

    Compass

    4 in this area

    11 Total Sales

    Brian Katz
    Section Image
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Map

Source: The MLS

MLS Number: 22-120079

The MLS

APN: 4286-019-015

California Los Angeles County Venice 90291 Venice

38 Ozone Ave, Venice, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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