NOT LISTED FOR SALE
5 Beds
7 Baths
4,402 Sq Ft
5,950 Sq Ft Lot

Last Sold September 18, 2023

Last sale price $1,950,000 $443 Per Sq Ft

145 Days on Market

Highlights

  • Hiking Trails
  • Laundry Room
  • Radiant Heating System
  • Beethoven Street Elementary School Rated 9+

About This Home

As of September 2023

Experience modern living in spacious studios, one, and two-bedrooms. Rental also comes with the convenience of one dedicated parking space, supplemented by ample street parking. Onsite laundry facilities add to the practicality of this residence. Enjoy a prime location close to popular destinations such as Abbott Kinney, Venice Beach, and Downtown Culver City, as well as the thriving tech hub of Playa Vista. Nearby amenities include Costco, Coffee Connection, and Pitfire Pizza. Plus, commuting is a breeze with easy access to the 405, 10, and 91 Freeways."

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 04/25/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,949 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,402 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Additional Features

  • Urban Location
  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 83
  • Tax Tract Number 5951
  • Assessor Parcel Number 4236021022

Community Details

Overview

  • 7 Units

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Operating Expense $49,518
  • Gross Income $153,624
  • Net Operating Income $99,497

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

5,949 Sq Ft Lot

Listing Details

  • CapRate: 4.74
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4236021022
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 442.98

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Hiking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5949.00
  • Lot Size Acres: 0.1366

Multi Family

  • Gross Income: 153624.00
  • Gross Multiplier: 14.66
  • Gross Scheduled Income: 153624.00
  • Lot Size Area: 5949.0000 Square Feet
  • Net Operating Income: 99497.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 49518.00
  • Rent Control: Yes
  • Total Expenses: 49518.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2722.02
  • Tax Lot: 83
  • Tax Tract Number: 5951
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2024 08/09/24 Price Changed $1,695 0.0% $4 / Sq Ft
08/09/2024 08/09/24 For Rent $1,695 -5.6% --
10/03/2023 10/03/23 Price Changed $1,795 -5.3% $4 / Sq Ft
09/28/2023 09/28/23 Price Changed $1,895 -5.0% $4 / Sq Ft
09/20/2023 09/20/23 For Rent $1,995 0.0% --
09/18/2023 09/18/23 Sold $1,950,000 -7.1% $443 / Sq Ft
06/01/2023 06/01/23 Price Changed $2,099,000 -2.4% $477 / Sq Ft
05/25/2023 05/25/23 For Sale $2,150,000 +10.3% $488 / Sq Ft
05/23/2023 05/23/23 Off Market $1,950,000 -- --
04/25/2023 04/25/23 For Sale $2,150,000 -- $488 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,402 $1,989,000 $596,700 $1,392,300
2024 $24,402 $1,950,000 $585,000 $1,365,000
2023 $6,696 $473,925 $151,329 $322,596
2022 $6,423 $464,633 $148,362 $316,271
2021 $6,325 $455,523 $145,453 $310,070
2019 $6,158 $442,439 $141,140 $301,299
2018 $6,058 $433,773 $138,373 $295,400
2016 $5,728 $416,522 $133,000 $283,522
2015 $5,654 $410,267 $131,003 $279,264
2014 $5,719 $402,231 $128,437 $273,794
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23069064

California Regional Multiple Listing Service (CRMLS)
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