Seller's Agent in 2022
Justin White
Justin White
(714) 231-2537
1 in this area
43 Total Sales
40 24th Place Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,487,383 - $2,933,000
6
Beds
5
Baths
3,000
Sq Ft
$881/Sq Ft
Est. Value
Highlights
- Beach Front
- Marina
- Fishing
- Coeur D'Alene Avenue Elementary School Rated A-
- Property has ocean access
- 5-minute walk to Linnie Canal Park
About This Home
As of February 20221969 construction with: one three-bedroom/two-bath with a fireplace and balcony, one two bedroom/two-bath unit with balcony and one-studio unit. All units feature in-unit laundry and are separately metered for electricity. All units have been updated with custom cabinetry tile/ hardwood floors. The property also offers six covered parking spots. LOCATION OVERVIEW A well-maintained 3-unit Apartment building 800 feet from the beach in Venice, California. This exclusive offering presents an excellent opportunity for an investor to acquire a legacy asset in a sought-after coastal market within walking distance of the beach, world-class dining, shopping, and entertainment, Silicon Beach tech employers such as the Google campus located nearby. The property’s proximity to a wide array of retail and services have earned it a noteworthy Walk Score88.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 2,651 Sq Ft Lot
- Beach Front
- Home fronts a canal
- 1 Common Wall
- Corner Lot
- Density is 2-5 Units/Acre
Parking
- 63 Car Garage
- 6 Carport Spaces
- Parking Available
- Tandem Garage
Home Design
- 3,000 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Outdoor Features
- Property has ocean access
- Exterior Lighting
Additional Features
- Laundry Room
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 18 / 18
- Tax Tract Number 273
- Assessor Parcel Number 4226017017
Community Details
Overview
- 3 Units
Recreation
- Marina
- Fishing
- Park
- Dog Park
- Water Sports
- Bike Trail
Building Details
- Rent Control
- 3 Separate Electric Meters
- Gardener Expense $720
- Insurance Expense $1,350
- Maintenance Expense $1,950
- Other Expense $3,200
- Water Sewer Expense $2,941
- New Taxes Expense $31,250
- Operating Expense $38,961
- Gross Income $127,260
- Net Operating Income $81,936
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2021
Closed on
Feb 10, 2022
Sold by
Houser Steven J and Houser Nancy L
Bought by
Pittiemum Properties Llc
Seller's Agent
Justin White
Justin White
Buyer's Agent
Victoria Waldorf
Equity Union
List Price
$2,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$100,000
-4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,346
Avg. Annual Appreciation
2.53%
Purchase Details
Closed on
May 9, 2003
Sold by
Pollner Melvin and Poliner Judy Anne
Bought by
Houser Steve J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pittiemum Properties Llc | $2,400,000 | Ticor Title | |
| Pittiemum Properties Llc | $2,400,000 | Ticor Title | |
| Houser Steve J | $895,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Houser Steve J | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2022 02/28/22 | Sold | $2,400,000 | -2.0% | $800 / Sq Ft |
| 02/03/2022 02/03/22 | Price Changed | $2,450,000 | -2.0% | $817 / Sq Ft |
| 08/05/2021 08/05/21 | For Sale | $2,500,000 | -- | $833 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $30,351 | $2,546,898 | $2,228,536 | $318,362 |
| 2024 | $30,351 | $2,496,960 | $2,184,840 | $312,120 |
| 2023 | $29,761 | $2,448,000 | $2,142,000 | $306,000 |
| 2022 | $14,373 | $1,199,101 | $1,031,635 | $167,466 |
| 2021 | $14,187 | $1,175,590 | $1,011,407 | $164,183 |
| 2019 | $13,763 | $1,140,723 | $981,409 | $159,314 |
| 2018 | $13,692 | $1,118,357 | $962,166 | $156,191 |
| 2016 | $13,083 | $1,074,931 | $924,804 | $150,127 |
| 2015 | $12,892 | $1,058,785 | $910,913 | $147,872 |
| 2014 | $12,945 | $1,038,046 | $893,070 | $144,976 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
Victoria Waldorf
V
Buyer's Agent in 2022
Victoria Waldorf
Equity Union
(747) 900-3053
1 in this area
85 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21171587
APN: 4226-017-017
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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