NOT LISTED FOR SALE
12 Beds
12 Baths
6,560 Sq Ft
5,635 Sq Ft Lot

Last Sold July 30, 2025

Last sale price $3,000,000 $457 Per Sq Ft

Highlights

  • No Units Above
  • No HOA
  • Energy-Efficient Appliances
  • Venice High School Rated A
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of July 2025

Here is chance to own a fantastic West LA 7 townhouse unit property in a prime Westside Location with a total lack of on-market inventory and a huge barrier to entry. This non-rent controlled 7 unit was built in 1989 and offers an ideal unit mix consisting of both (2) 1- bed, 1 bath and (5) 2- bed, 2 bath spacious apartment residences. Amenities include 14 gated subterranean parking spaces, an on site building owned laundry room, each unit is equipped with central air and 4 units with balconies. The building has been maintained well. No Seismic retrofit is required for this building.

Last Agent to Sell the Property

Behzad Partovi

Partovi Realty Brokerage Phone: 310-925-8430 License #01421139 Listed on: 03/16/2025

Last Buyer's Agent

Behzad Partovi

Partovi Realty Brokerage Phone: 310-925-8430 License #01421139 Listed on: 03/16/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 5,635 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Density is up to 1 Unit/Acre
  • Land Lease

Parking

  • 14 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 6,560 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • All Upper Level Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Energy-Efficient Appliances
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 20
  • Tax Tract Number 7419
  • Assessor Parcel Number 4217009043
  • $11,638 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 7 Units

Recreation

  • Bike Trail

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $3,876
  • Trash Expense $500
  • Operating Expense $64,980
  • Gross Income $206,400
  • Net Operating Income $141,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

14

Listing Details

  • CapRate: 4.35
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4217009043
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 457.32
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 14.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking

Green Features

  • Efficiency: Appliances

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5635.00
  • Lot Size Acres: 0.1294

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 206400.00
  • Gross Scheduled Income: 206400.00
  • Insurance Expense: 3876.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 5635.0000 Square Feet
  • Net Operating Income: 141420.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Dishwasher: 7
  • Number With Disposal: 7
  • Number With Patio: 6
  • Number With Range: 7
  • Number With Refrigerator: 7
  • Operating Expense: 64980.00
  • Rent Control: No
  • Total Expenses: 64980.00

Tax Info

  • Tax Census Tract: 2751.02
  • Tax Lot: 20
  • Tax Tract Number: 7419
  • TaxOtherAnnualAssessmentAmount: 11638.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
07/30/2025 07/30/25 Sold $3,000,000 0.0% $457 / Sq Ft
05/27/2025 05/27/25 Rented $2,500 0.0% --
05/02/2025 05/02/25 Price Changed $3,125,000 -3.8% $476 / Sq Ft
03/16/2025 03/16/25 For Sale $3,250,000 +129900.0% $495 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/11/2025 03/11/25 Price Changed $2,500 -10.7% $0 / Sq Ft
12/16/2024 12/16/24 For Rent $2,800 +3.7% --
11/18/2022 11/18/22 Rented $2,700 0.0% --
11/06/2022 11/06/22 Price Changed $2,700 -10.0% $3 / Sq Ft
09/27/2022 09/27/22 For Rent $3,000 0.0% --
07/08/2022 07/08/22 Rented $3,000 0.0% --
06/19/2022 06/19/22 For Rent $3,000 +25.0% --
03/01/2021 03/01/21 Rented $2,400 -7.7% --
01/07/2021 01/07/21 For Rent $2,600 0.0% --
05/15/2020 05/15/20 Rented $2,600 0.0% --
02/13/2020 02/13/20 For Rent $2,600 +8.3% --
01/08/2020 01/08/20 Rented $2,400 0.0% --
12/03/2019 12/03/19 Price Changed $2,400 -7.7% $0 / Sq Ft
10/09/2019 10/09/19 For Rent $2,600 +4.0% --
10/24/2017 10/24/17 Rented $2,500 0.0% --
10/08/2017 10/08/17 For Rent $2,500 -- --
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
2025 $11,424 $879,470 $258,946 $620,524
2024 $11,424 $862,226 $253,869 $608,357
2023 $11,222 $845,321 $248,892 $596,429
2022 $10,736 $828,747 $244,012 $584,735
2021 $10,573 $812,498 $239,228 $573,270
2019 $10,276 $788,401 $232,134 $556,267
2018 $10,179 $772,943 $227,583 $545,360
2016 $9,645 $742,931 $218,747 $524,184
2015 $9,513 $731,773 $215,462 $516,311
2014 $9,586 $717,440 $211,242 $506,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25055703

California Regional Multiple Listing Service (CRMLS)