NOT LISTED FOR SALE

Estimated Value: $1,409,645 - $2,320,000

5 Beds
5 Baths
2,366 Sq Ft
$710/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $1,450,000 $613 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,420/month

28 Days on Market

About This Home

As of March 2024

Located seconds from the beach, this building comprises five units: one 2-bedroom+1 bath, three 1-bedroom+1-bath, and one studio+1 bath. Additionally, there are five uncovered parking spaces at the rear of the building. This property presents an outstanding investment opportunity in the highly sought-after Venice Beach. Enjoy the Venice Boardwalk making your way to iconic attractions such as the Venice basketball courts and Muscle Beach.

Last Agent to Sell the Property

Nancy Sanborn

Berkshire Hathaway HomeServices California Properties License #00771096 Listed on: 12/14/2023

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Brian Joy

Berkshire Hathaway HomeServices California Properties License #01324371

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,845

Year Built

  • Built in 1901

Lot Details

  • 3,126 Sq Ft Lot

Home Design

  • 2,366 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-020-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,845

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2366
  • Lot Acreage: 0.0718
  • Year Built: 1901
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 676.25

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Uncovered, Parking Space
  • Total Parking: 5

Lot Info

  • Assessed Improvement Percent: 16.22
  • Assessed Improvement Value: 59267
  • Assessed Land Percent: 83.78
  • Assessed Land Value: 306226
  • Total Assessed Value: 365493
  • Assessor Parcel Number: 4286-020-021
  • Lot Size Area: 3126

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.40
  • Number Of Units: 5
  • Total Annual Expense: 37623
  • Type Of Units: Multi
  • Vacancy Rate: 20%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Little Rose Properties Llc
Bought by
Venice Rose 44 Llc
Current Estimated Value
$1,646,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$942,500
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2020
Sold by
Slade Beverly and Slade Barbara
Bought by
Lttle Rose Properties Llc

Purchase Details

Closed on
May 23, 2017
Sold by
Slade Beverly
Bought by
Slade Beverly and Slade Barbara

Purchase Details

Closed on
Aug 5, 1996
Sold by
Wurzel Max and Wurzel Mamie
Bought by
Slade Milton
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Venice Rose 44 Llc $1,450,000 California Title Company
Lttle Rose Properties Llc -- None Available
Slade Beverly -- None Available
Slade Milton $200,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venice Rose 44 Llc $975,000
Previous Owner Venice Rose 44 Llc $942,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $1,450,000 -9.4% $613 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $1,600,000 -- $676 / Sq Ft
Source: The MLS

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 $4,845 $1,479,000 $1,331,100 $147,900
2024 $4,845 $372,802 $312,350 $60,452
2023 $4,760 $365,493 $306,226 $59,267
2022 $4,551 $358,327 $300,222 $58,105
2021 $4,482 $351,302 $294,336 $56,966
2020 $4,524 $348,000 $291,318 $56,682
2019 $4,354 $341,183 $285,606 $55,577
2018 $4,288 $334,500 $280,006 $54,494
2016 $4,084 $321,225 $269,134 $52,091
2015 $4,027 $316,401 $265,092 $51,309
2014 $4,067 $310,204 $259,900 $50,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-339871

The MLS

APN: 4286-020-021