NOT LISTED FOR SALE

Estimated Value: $2,874,000 - $3,286,000

8 Beds
4 Baths
3,362 Sq Ft
$904/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $2,771,000 $824 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $19,075/month

245 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Garage
  • North Facing Home
  • Venice High School Rated A
  • Laundry Room

About This Home

As of October 2021

Classic 1940's Venice 4 unit building situated on 3 lots. Large rear yard, 2 double car garages all units are 2 bedroom, 1 bath. Units are approximately 840 Sq. Ft. Located off the famous Windward Circle in Venice on Grand Blvd. The property sits between Venice Beach and Abbot Kinney Blvd . Great location in the heart of Venice. Easy access to all restaurants, shopping, biking and beaches. The units have hardwood floors, living rooms, entrances in the front & rear of the property, full kitchens with dining nook and all units have bathtubs, and separate showers. Laundry on premises. The garages provide extra income as well as an opportunity for an owner user to have access to parking. Huge potential for increased rents as well as possible development opportunity. 2 of the 4 units can be delivered vacant. Buyer to corporate with seller's 1031 exchange at no expense to the buyer.

Last Agent to Sell the Property

Ian Hale

Estate Properties License #01120121 Listed on: 12/04/2020

Estate Properties

Last Buyer's Agent

Marci Muir

License #02055799

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,755 Sq Ft Lot
  • North Facing Home

Parking

  • 3 Car Garage
  • Garage Door Opener

Interior Spaces

  • 3,362 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Vacancy Allowance $3,156

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 4238-020-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

6,755 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Classic 1940's Venice 4 unit building situated on 3 lots. Large rear yard, 2 double car garages all units are 2 bedroom, 1 bath. Units are approximately 840 Sq. Ft. Located off the famous Windward Circle in Venice on Grand Blvd. The property sits between Venice Beach and Abbot Kinney Blvd . Great location in the heart of Venice. Easy access to all restaurants, shopping, biking and beaches. The units have hardwood floors, living rooms, entrances in the front & rear of the property, full kitchens with dining nook and all units have bathtubs, and separate showers. Laundry on premises. The garages provide extra income as well as an opportunity for an owner user to have access to parking. Huge potential for increased rents as well as possible development opportunity. 2 of the 4 units can be delivered vacant. Buyer to corporate with seller's 1031 exchange at no expense to the buyer.
  • Living Area: 3362
  • Lot Acreage: 0.1551
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Mixed
  • Bedrooms: 8
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 951.81

Exterior Features

  • Direction Faces: North
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Garage Structures: 1
  • Parking Garage: Garage Is Detached, Door Opener
  • Total Parking: 4

Utilities

  • Heating: Wall, Wall Gas

Lot Info

  • Assessed Improvement Percent: 36.48
  • Assessed Improvement Value: 59545
  • Assessed Land Percent: 63.52
  • Assessed Land Value: 103700
  • Total Assessed Value: 163245
  • Assessor Parcel Number: 4238-020-003
  • Lot Size Area: 6755

Rental Info

  • Garage Rental Rate: 300
  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.90
  • Number Of Units: 4
  • Type Of Units: Flstd
  • Vacancy Allow: 3156
  • Vacancy Allow Percent: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2014
Sold by
Brock D Ann
Bought by
Poshepny Non Revocable Trust
Current Estimated Value
$3,039,252

Purchase Details

Closed on
Mar 7, 2014
Sold by
Brock D Ann
Bought by
Brock D Ann and Poshepny Sue Ellen

Purchase Details

Closed on
Jan 30, 1998
Sold by
Elrie L Brock Trust and Ann D
Bought by
Brock D Ann and D Ann Brock Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Poshepny Non Revocable Trust -- None Available
Brock D Ann -- None Available
Brock D Ann -- None Available
Brock D Ann -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $2,771,000 -13.4% $824 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $3,200,000 -- $952 / 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 $37,052 $3,070,220 $2,184,840 $885,380
2024 $35,141 $2,882,948 $2,018,376 $864,572
2023 $34,459 $2,826,420 $1,978,800 $847,620
2022 $32,852 $2,771,000 $1,940,000 $831,000
2021 $2,584 $175,027 $111,186 $63,841
2019 $2,518 $169,838 $107,889 $61,949
2018 $2,436 $166,509 $105,774 $60,735
2016 $2,302 $160,045 $101,667 $58,378
2015 $2,273 $157,642 $100,140 $57,502
2014 $2,310 $154,555 $98,179 $56,376
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-658142

The MLS

APN: 4238-020-003

Your Personal Tour Guide

Ask me questions while you tour the home.