NOT LISTED FOR SALE

Estimated Value: $1,557,119 - $1,574,000

2 Beds
2 Baths
968 Sq Ft
$1,618/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $1,541,343 $1,592 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,799/month

11 Days on Market

Highlights

  • Art Studio
  • Property is near public transit
  • Spanish Architecture
  • Venice High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of November 2024

In the heart of Venice, in arguably the best location, a 1-minute stroll to Abbot Kinney, shops, galleries, restaurants, and the iconic Venice boardwalk. Surrounded by the vibrant lifestyle Venice has to offer, yet this vintage Spanish bungalow offers a quiet escape and exudes charm, peace and personality. With coved ceilings, built-in China cabinets, upgraded bathrooms, hardwood floors, you'll be pleased to call this home, or lease with no maintenance hassles. There is a new roof and the electrical has been upgraded. The front unit has been tastefully remodeled and includes 1 bedroom, a full bathroom, remodeled kitchen with washer/dryer unit. The rear unit is darling with 1 bedroom, a remodeled bathroom with butt-joint glass shower, a kitchen with washer/dryer combo, fresh paint. Both units are cheery with gleaming wood floors and streaming with natural light. This is the ultimate property with a month-to-month tenant in the front unit, and a vacant tenant in the rear unit which opens to a charming and private backyard garden, and a detached art studio and single car garage. Don’t miss out on this opportunity! Whether you’re looking to owner-occupy one unit, apply a 1031, or enjoy an art studio and garage while leasing both units, this unique duplex offers endless possibilities!

Last Agent to Sell the Property

Vicki Leach

Vista Sotheby’s International Realty Brokerage Phone: 310-292-9873 License #01341908 Listed on: 10/10/2024

Vista Sotheby’s International Realty

Co-Listed By

Anton Smirnov

Sotheby's International Realty Brokerage Phone: 310-292-9873 License #02017875

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1925

Lot Details

  • 2,700 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Garden
  • Back Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 968 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Art Studio
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Central Heating
  • Natural Gas Connected
  • Private Water Source

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, telephone, trash collection
  • Legal Lot and Block 26 / 11
  • Tax Tract Number 273
  • Assessor Parcel Number 4238007028
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,524

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: washer/dryer combo, refrigerator (two of each)
  • Price Per Unit: 795000
  • Property Attached: Yes
  • Zoning: LARD1.5
  • Architectural Style: Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4238007028
  • Year Built: 1925
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: side
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1592.30
  • Room Type: All Bedrooms Down, Art Studio, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden, Landscaped, Near Public Transit
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Telephone, Trash Collection

Multi Family

  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2700.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 2735.02
  • Tax Lot: 26
  • Tax Tract Number: 273...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2024
Closed on
Oct 25, 2024
Sold by
Altair Place Llc
Bought by
Bressie Mackenzie
Seller's Agent
Vicki Leach
Vista Sotheby’s International Realty
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$1,590,000
Sold Price
$1,541,343
Premium/Discount to List
-$48,657
-3.06%
Views
20
Current Estimated Value
$1,565,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,437
Avg. Annual Appreciation
3.17%
Original Mortgage
$405,554
Outstanding Balance
$404,023
Interest Rate
6.32%
Estimated Equity
$1,166,443

Purchase Details

Closed on
Dec 18, 2020
Sold by
Bryman Alexandra
Bought by
Altair Place Llc

Purchase Details

Closed on
Dec 11, 2020
Sold by
Bryman Alexandra
Bought by
Bryman Alexandra

Purchase Details

Closed on
Nov 12, 2004
Sold by
Cordry Karin
Bought by
Cordry Karin and Karin Cordry Living Trust

Purchase Details

Closed on
Dec 13, 2002
Sold by
Cordry Karin and Karin Cordry Living Trust
Bought by
Cordry Karin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.03%

Purchase Details

Closed on
Mar 24, 1999
Sold by
Cordry Karin
Bought by
Cordry Karin and Karin Cordry Living Trust

Purchase Details

Closed on
Apr 7, 1998
Sold by
Bryman Karin C
Bought by
Cordry Karin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,500
Interest Rate
7.07%

Purchase Details

Closed on
Feb 18, 1995
Sold by
Bryman Harold
Bought by
Cordry Karin
Source: Public Records

Range of Values:

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Average Value
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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
Bressie Mackenzie $1,541,500 Upward Title Company
Altair Place Llc -- None Available
Bryman Alexandra -- None Available
Cordry Karin -- --
Cordry Karin -- First American Title Co
Cordry Karin -- --
Cordry Karin -- Fidelity Title
Cordry Karin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bressie Mackenzie $405,554
Open Bressie Mackenzie $981,500
Previous Owner Cordry Karin $140,000
Previous Owner Cordry Karin $96,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $1,541,343 -3.1% $1,592 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $1,590,000 -- $1,643 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $1,524 $110,970 $62,148 $48,822
2023 $1,501 $108,795 $60,930 $47,865
2022 $16,630 $1,410,000 $1,130,000 $280,000
2021 $1,414 $104,572 $58,565 $46,007
2020 $1,426 $103,501 $57,965 $45,536
2019 $1,376 $101,473 $56,829 $44,644
2018 $1,337 $99,484 $55,715 $43,769
2016 $1,273 $95,622 $53,552 $42,070
2015 $1,256 $94,187 $52,748 $41,439
2014 $1,275 $92,343 $51,715 $40,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24173702

California Regional Multiple Listing Service (CRMLS)

APN: 4238-007-028