NOT LISTED FOR SALE

408 Venice Way Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,502,000 - $2,014,000

2 Beds
2 Baths
1,473 Sq Ft
$1,190/Sq Ft Est. Value

Highlights

  • Updated Kitchen
  • No HOA
  • Porch
  • Venice High School Rated A
  • Neighborhood Views
  • 3-minute walk to Linnie Canal Park

About This Home

As of January 2022

Rare opportunity to lease two homes! This duplex is located in Venice close to Abbot Kinney, the beach, restaurants, and shops! Each home is filled with natural light, 1 bedroom, 1 bathroom, hardwood floors and washer & dryers included. Come and see!

Last Agent to Rent the Property

Joanie Louis

Berkshire Hathaway HomeServices California Properties License #01362422 Listed on: 12/01/2021

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Paul Ferreccio

Berkshire Hathaway HomeServices California Properties License #01099719

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Paul Ferreccio

Berkshire Hathaway HomeServices California Properties License #01099719

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,488 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,473 Sq Ft Home
  • Living Room
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Utilities

  • Floor Furnace
  • Standard Electricity

Listing and Financial Details

  • Security Deposit $13,000
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 10/31/21
  • Legal Lot and Block 4 / 5
  • Tax Tract Number 9358
  • Assessor Parcel Number 4238020020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2021-10-31
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 13000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Total Move In Costs: 19500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 4238020020
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1473.00 Square Feet
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 4.41
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room
  • Bathroom Features: Bathtub, Separate Tub And Shower
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4488.00
  • Lot Size Acres: 0.1030

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 4488.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Includes: Gardener

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 2735.02
  • Tax Lot: 4
  • Tax Tract Number: 9358

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Feb 23, 2022
Sold by
Saporiti Nestor
Bought by
Nestor Saporiti Revocable Trust and Saporiti
Seller's Agent
Joanie Louis
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Paul Ferreccio
Berkshire Hathaway HomeServices California Properties
Sold Price
$6,500
Current Estimated Value
$1,723,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,717,185
Original Mortgage
$1,000,000
Outstanding Balance
$960,059
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$792,812

Purchase Details

Closed on
Dec 3, 2007
Sold by
Shapiro Rhoda and Perl Ralph R
Bought by
Saporiti Nestor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 1995
Sold by
Millenium Partners I Lp
Bought by
Greene Jeffrey B

Purchase Details

Closed on
Aug 10, 1994
Sold by
Greene Jeffrey B
Bought by
Millennium Partners I Lp

Purchase Details

Closed on
Jun 14, 1994
Sold by
Perl Ralph R
Bought by
Shapiro Rhoda
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
Nestor Saporiti Revocable Trust -- None Listed On Document
Nestor Saporiti Revocable Trust -- None Listed On Document
Saporiti Nestor -- None Available
Greene Jeffrey B -- First American Title
Millennium Partners I Lp -- --
Shapiro Rhoda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nestor Saporiti Revocable Trust $1,000,000
Closed Nestor Saporiti Revocable Trust $1,000,000
Previous Owner Saporiti Nestor $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2022 01/09/22 Rented $6,500 0.0% --
12/01/2021 12/01/21 For Rent $6,500 +103.1% --
01/13/2020 01/13/20 Rented $3,200 0.0% --
12/03/2019 12/03/19 For Rent $3,200 0.0% --
12/04/2018 12/04/18 Rented $3,200 0.0% --
09/24/2018 09/24/18 Price Changed $3,200 -4.5% $2 / Sq Ft
08/20/2018 08/20/18 For Rent $3,350 +4.7% --
06/06/2016 06/06/16 Rented $3,200 0.0% --
05/20/2016 05/20/16 Price Changed $3,200 -8.6% $4 / Sq Ft
03/29/2016 03/29/16 For Rent $3,500 -- --
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 $17,281 $1,444,854 $1,182,161 $262,693
2024 $17,281 $1,416,525 $1,158,982 $257,543
2023 $16,948 $1,388,751 $1,136,257 $252,494
2022 $16,159 $1,361,522 $1,113,978 $247,544
2021 $15,963 $1,334,827 $1,092,136 $242,691
2019 $15,484 $1,295,238 $1,059,744 $235,494
2018 $15,403 $1,269,842 $1,038,965 $230,877
2016 $14,740 $1,220,534 $998,622 $221,912
2015 $14,524 $1,202,201 $983,622 $218,579
2014 $14,575 $1,178,653 $964,355 $214,298
Source: Public Records

Agents Affiliated with this Home

  • Joanie Louis

    Landlord's Agent in 2022

    Joanie Louis

    Berkshire Hathaway HomeServices California Properties

    (818) 425-8516

    52 Total Sales

    Joanie Louis
    Section Image
  • Paul Ferreccio

    Landlord's Co-Listing Agent in 2022

    Paul Ferreccio

    Berkshire Hathaway HomeServices California Properties

    (310) 938-8005

    46 Total Sales

    Paul Ferreccio
    Section Image
  • Josh Flynn

    Seller's Agent in 2020

    Josh Flynn

    Pardee Properties

    (917) 972-5373

    1 Total Sale

    Josh Flynn
    Section Image

  • K

    Seller Co-Listing Agent in 2020

    Keri Coughlan

    Pardee Properties

    (310) 392-2402

    1 Total Sale

    Keri Coughlan
    Section Image
  • Tamra Pardee

    Buyer's Agent in 2020

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    232 in this area

    851 Total Sales

    Tamra Pardee
    Section Image

  • L

    Seller's Agent in 2016

    Lise Selznick

    Pardee Properties

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21238294

California Regional Multiple Listing Service (CRMLS)

APN: 4238-020-020

California Los Angeles County Venice 90291 Venice

408 Venice Way, Venice, CA

Not Listed for Sale

MultiFamily

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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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