NOT LISTED FOR SALE
6 Beds
5 Baths
3,204 Sq Ft
2,897 Sq Ft Lot

Sale Details

Date Sold: January 27, 2015

Last sale price $1,850,000 $577 Per Sq Ft

202 Days on Market

Highlights

  • Traditional Architecture
  • Side by Side Parking
  • 4-minute walk to South Beach Park
  • Venice High School Rated A

About This Home

As of January 2015

Put on your sunscreen, don those "Foster Grants" and bask in Venice Beach's summer vibe. This is Venice's best opportunity to own a five unit apartment building and only a stone's throw from the beach. All units are currently leased. Unit mix: upstairs - 2 1BR plus den. Downstairs - 1 2BR, 1 1BR and 1 studio. One of the 1BRs upstairs has been renovated as well as the 2BR downstairs. 2 car covered off street parking. Building offers unlimited potential for investor and/or owner-occupier. Building is 100% occupied, please do not disturb tenants.

Last Agent to Sell the Property

Christopher Pickett

Douglas Elliman License #01475927 Listed on: 06/18/2014

Douglas Elliman

Co-Listed By

Ernie Carswell

Sotheby's International Realty License #01111566

Last Buyer's Agent

Gabriela Lambert

Innovative Property Strategies License #01327946

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,897 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 3,204 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Side by Side Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 4286-018-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

2,897 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3204
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 653.87

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Side By Side
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4286-018-010
  • Geocode Override: No
  • Lot Size Area: 2897

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 5
  • Type Of Units: APT

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

Closed on
Sep 25, 2019
Sold by
1978 Llc
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
$1,000,000
Outstanding Balance
$858,445
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 18, 2014
Closed on
Feb 17, 2015
Sold by
1978 Llc
Bought by
1978 Llc and West Mb Llc
Seller's Agent
Christopher Pickett
Douglas Elliman
Buyer's Agent
Gabriela Lambert
Innovative Property Strategies
List Price
$2,295,000
Sold Price
$1,850,000
Premium/Discount to List
-$445,000
-19.39%

Purchase Details

Listed on
Jun 18, 2014
Closed on
Jan 23, 2015
Sold by
Powers James Samuel
Bought by
1978 Llc and West Mb Llc
Seller's Agent
Christopher Pickett
Douglas Elliman
Buyer's Agent
Gabriela Lambert
Innovative Property Strategies
List Price
$2,295,000
Sold Price
$1,850,000
Premium/Discount to List
-$445,000
-19.39%

Purchase Details

Closed on
May 17, 2010
Sold by
Powers James Samuel
Bought by
Powers James Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1997
Sold by
Stone Robert A
Bought by
Saxe Howard and Powers James Samuel

Purchase Details

Closed on
Aug 31, 1993
Sold by
Stone Robert Alan
Bought by
Stone Robert Alan and Stone Nancy Kaeslin
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

See All Agents

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
-- First Amer Ttl Co Los Angele
1978 Llc -- Chicago Title Company
1978 Llc $1,850,000 Chicago Title Company
Powers James Samuel -- Western Resources Title
Saxe Howard $470,000 Southland Title Company
Stone Robert Alan -- Fidelity National Title Ins
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
Open $1,000,000
Previous Owner 1978 Llc $1,500,000
Previous Owner Powers James Samuel $500,000
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
01/27/2015 01/27/15 Sold $1,850,000 -19.4% $577 / Sq Ft
01/06/2015 01/06/15 Pending -- -- --
06/18/2014 06/18/14 For Sale $2,295,000 -- $716 / Sq Ft
Source: The MLS

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
2026 $27,212 $2,267,884 $1,777,533 $490,351
2025 $27,212 $2,223,417 $1,742,680 $480,737
2024 $26,915 $2,179,821 $1,708,510 $471,311
2023 $26,399 $2,137,080 $1,675,010 $462,070
2022 $25,184 $2,095,177 $1,642,167 $453,010
2021 $24,887 $2,054,096 $1,609,968 $444,128
2020 $25,153 $2,033,035 $1,593,460 $439,575
2019 $24,160 $1,993,172 $1,562,216 $430,956
2018 $24,074 $1,954,091 $1,531,585 $422,506
2016 $22,994 $1,878,212 $1,472,112 $406,100
2015 $8,052 $624,427 $491,574 $132,853
2014 $8,107 $612,196 $481,945 $130,251
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 14-770567

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.