NOT LISTED FOR SALE
11 Beds
11 Baths
6,974 Sq Ft
5,342 Sq Ft Lot

Last Sold December 28, 2018

Last sale price $2,600,000 $373 Per Sq Ft

21 Days on Market

Highlights

  • Attached Carport
  • Venice High School Rated A
  • Ceiling Fan

About This Home

As of December 2018

The property is located in the high demand rental market of Mar Vista and is within minutes to the famous Venice Beach, Marina Del Rey and trendy Abbot Kinney Boulevard. FOUR UNITS WILL BE DELIVERED VACANT GIVING THE BUYER A FANTASTIC OPPORTUNITY TO MAXIMIZE INCOME. There is a laundry room (leased) and 6 tuck-in parking spaces with storage units in the rear of the building. In addition there is a double garage on the south side of the building, accessed by an alley. The property is subject to the L.A. City's rent control ordinance and the soft-story retrofit ordinance. The property is sold "AS IS" with the exception of repairs to the common fence between buildings. Please do not disturb tenants. Sellers are retiring.

Last Agent to Sell the Property

Anne Baber

AOA Commercial Brokerage License #00959381 Listed on: 09/04/2018

Last Buyer's Agent

Anne Baber

AOA Commercial Brokerage License #00959381 Listed on: 09/04/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,342

Interior Spaces

  • 6,974 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Parking

  • 8 Parking Spaces
  • Attached Carport
  • Assigned Parking

Additional Features

  • 5,342 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4233-007-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6974
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 11.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 372.81

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Assigned, Carport Attached, Garage - 2 Car
  • Total Parking: 8

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Water Expense: 4742.00

Fee Information

  • Gas Expense: 454.00
  • Insurance Expense: 2100.00
  • Maintenance Expense: 7605.00
  • Other Expense: 1048.00
  • Trash Expense: 1788.00

Lot Info

  • Assessed Improvement Value: 617823
  • Assessed Land Value: 183762
  • Assessor Parcel Number: 4233-007-004
  • Geocode Override: No
  • Lot Size Area: 5342

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Gross Rent Multiplier: 15.49
  • Number Of Units: 9
  • Rent Control: 100
  • Total Annual Expense: 57155
  • Type Of Units: Apartments
  • Vacancy Rate: 3

Tax Info

  • Tax Expense: 35380.00

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

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $2,600,000 0.0% $373 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/17/2018 09/17/18 Price Changed $2,600,000 -10.3% $373 / Sq Ft
09/04/2018 09/04/18 For Sale $2,900,000 -- $416 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-381636

The MLS