Seller's Agent in 2022
Justin White
Justin White
(714) 231-2537
1 in this area
38 Total Sales
40 24th Place Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,368,000 - $2,703,000
6
Beds
5
Baths
3,000
Sq Ft
$848/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 in unit
- 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
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
Additional Features
- 3 Units
- Laundry Facilities
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2021
Closed on
Feb 10, 2022
Sold by
Bought by
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
$144,617
Avg. Annual Appreciation
1.33%
Purchase Details
Closed on
May 9, 2003
Sold by
Bought by
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
0.0462%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $2,400,000 | Ticor Title | ||
| $895,000 | Southland Title Corporation |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $750,000 | ||
| Previous Owner | $650,000 |
Source: Public Records
Property 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 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $30,686 | $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
Buyer's Agent in 2022
Victoria Waldorf
Equity Union
(747) 900-3053
1 in this area
88 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21171587
APN: 4226-017-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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