NOT LISTED FOR SALE

38 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,071,000 - $2,528,067

3 Beds
3 Baths
2,507 Sq Ft
$930/Sq Ft Est. Value

Sale Details

Date Sold: October 3, 2019

Last sale price $1,850,000 $738 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $14,442 / mo

13 Days on Market

Highlights

  • Living Room with Fireplace
  • Traditional Architecture
  • Tile Flooring
  • Venice High School Rated A
  • Views
  • 1-minute walk to Westminster Dog Park

About This Home

As of October 2019

Situated in highly desirable Venice Beach just steps to the sand, this charming duplex is ideal for SoCal Beach living! Enter through the front gate and find yourself among the lush mature trees and foliage providing a truly serene and peaceful setting. The large 1-bedroom, 2 bathroom downstairs unit features a spacious open living/dining area w/gas fireplace as well as an updated kitchen that flows to the outdoor patio. You will also find a generous bedroom with nicely updated en-suite bath. The bright and airy upstairs unit provides great income potential with 2 spacious bedrooms & large full bath. A spiral staircase leads you down to the tranquil backyard patio a perfect place to enjoy the ocean breeze and soak up the sun. There is also a 2-car garage for ease of access. Situated in a very high demand rental market, this property is great for an owner/user investment - live in one and collect income from the other unit. Moments to trendy shops and restaurants on Abbot Kinney.

Last Agent to Sell the Property

Kerry Ann Sullivan

Pardee Properties License #01927932 Listed on: 07/18/2019

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Hannah DelPonte Vollera

Compass License #01479408

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 3,149

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,507 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Additional Features

  • 3,149 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4226-006-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

3,149 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: One unit to be delivered vacant! Situated in highly desirable Venice Beach just steps to the sand, this charming duplex is ideal for SoCal Beach living! Enter through the front gate and find yourself amongst the lush mature trees and foliage providing a truly serene and peaceful setting. The large 1-bedroom, 2 bathroom downstairs unit features a spacious open living/dining area w/gas fireplace as well as an updated kitchen that flows to the outdoor patio. You will also find a generous bedroom with nicely updated en-suite bath. The bright and airy upstairs unit provides great income potential with 2 spacious bedrooms & large full bath. A spiral staircase leads you down to the tranquil backyard patio a perfect place to enjoy the ocean breeze and soak up the sun. There is also a 2-car garage for ease of access. Situated in a very high demand rental market, this property is great for an owner/user investment - live in one and collect income from the other unit. Moments to trendy shops and restaurants on Abbot Kinney, Rose, and Main St.
  • Entry Location: Ground Level - no steps
  • Living Area: 2507
  • Stories: 2
  • Year Built: 1913
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 2
  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Carpet, Tile
  • Bedrooms: 3
  • Common Walls: Attached
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 795.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 84191
  • Assessed Land Value: 350832
  • Assessor Parcel Number: 4226-006-017
  • Geocode Override: No
  • Lot Size Area: 3149

Rental Info

  • Land Lease Type: Fee
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Number Wall A C: 0
  • Rent Control: 100
  • Type Of Units: top/bottom

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Sep 3, 2019
Sold by
Mann Steven H and Mann Renate
Bought by
Brick Lane Llc
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Hannah DelPonte Vollera
Compass
List Price
$1,995,000
Sold Price
$1,850,000
Premium/Discount to List
-$145,000
-7.27%
Current Estimated Value
$2,331,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,017
Avg. Annual Appreciation
3.55%

Purchase Details

Closed on
Dec 12, 2012
Sold by
Mann Steven H
Bought by
Mann Steven H and Mann Renate

Purchase Details

Closed on
Nov 16, 2012
Sold by
Mann Roy H
Bought by
Mann Steven H

Purchase Details

Closed on
May 24, 1996
Sold by
Chambers Robert David and Goodwin Chambers Gail
Bought by
Mann Roy H
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Brick Lane Llc $1,850,000 Fidelity National Title Co
Mann Steven H -- None Available
Mann Steven H -- None Available
Mann Roy H $310,000 Equity Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2019 10/03/19 Sold $1,850,000 -7.3% $738 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $1,995,000 -- $796 / 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 $24,116 $2,023,242 $1,640,468 $382,774
2024 $24,116 $1,983,571 $1,608,302 $375,269
2023 $23,648 $1,944,678 $1,576,767 $367,911
2022 $22,542 $1,906,548 $1,545,850 $360,698
2021 $22,266 $1,869,166 $1,515,540 $353,626
2019 $5,611 $452,595 $365,004 $87,591
2018 $5,555 $443,722 $357,848 $85,874
2016 $5,293 $426,494 $343,953 $82,541
2015 $5,218 $420,089 $338,787 $81,302
2014 $5,246 $411,861 $332,151 $79,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-487820

The MLS

APN: 4226-006-017

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