NOT LISTED FOR SALE

Estimated Value: $948,000 - $1,014,947

2 Beds
2 Baths
1,140 Sq Ft
$867/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $975,000 $855 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,003/month

6 Days on Market

Highlights

  • City View
  • Quartz Countertops
  • Double Pane Windows
  • Venice High School Rated A
  • Breakfast Area or Nook
  • Built-In Features

About This Home

As of September 2024

Discover an exceptional investment opportunity in the coveted Del Rey neighborhood with this charming duplex. This property features two well-appointed 1-bedroom, 1-bathroom homes, each having separate electric meters, upgraded electric panels, separate attached garages, and their own private entry behind a secured gate. The front unit has been meticulously renovated to offer a modern, luxurious living experience, complete with new windows, a mini-split AC unit, sleek tile flooring, updated plumbing, and stylish ceiling fans. Enjoy the cozy ambiance of an electric fireplace, enhanced by LED recessed lighting, and relax on your private patio. The kitchen in this unit is a chef's dream, featuring elegant quartz countertops, a chic tiled backsplash, and high-end stainless-steel appliances. The bathroom is equally impressive with a walk-in tiled glass shower and a convenient stackable washer/dryer in unit. The rear unit, while original, provides tiled floors and recessed lighting, offering plenty of potential for customization and upgrades. This duplex not only offers the perfect blend of comfort and potential but is also ideally situated just moments from a variety of local amenities. One unit currently rents for $2700/mo and the other unit is vacant. You'll be close to popular restaurants, Northgate Market, Costco, Target, Trader Joe's, Culver West Alexander Park, and Westfield Culver City. With easy access to the 405 Freeway and moments away from the beach, this property is a must see, whether you're looking for a new home or a lucrative rental opportunity. Schedule a showing today!

Last Agent to Sell the Property

Christina Kim

Keller Williams Larchmont License #01431281 Listed on: 08/13/2024

Keller Williams Larchmont

Last Buyer's Agent

Rafi Ekmekian

eXp Realty of California, Inc License #01717378

eXp Realty of California, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 2,501

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Bungalow
  • Fixer Upper
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Electric Fireplace
  • Double Pane Windows
  • Tile Flooring
  • City Views

Kitchen

  • Breakfast Area or Nook
  • <<OvenToken>>
  • Gas Cooktop
  • <<microwave>>
  • Quartz Countertops
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Open Patio
  • 2,501 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for gas, cable TV, electricity
  • The owner pays for water
  • Assessor Parcel Number 4231-016-025

Community Details

Overview

  • 2 Buildings
  • 2 Units

Security

  • Card or Code Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Living Room
  • Living Area: 1140
  • Lot Acreage: 0.0574
  • Probate: No
  • Property Condition: Fixer, Updated/Remodeled
  • Year Built: 1953
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: Built-Ins, Common Walls, Laundry - Closet Stacked
  • Fireplace Rooms: Electric
  • Flooring: Tile
  • Appliances: Microwave, Built-In Gas, Cooktop - Gas, Oven
  • Bedrooms: 2
  • Bedroom Features: Master Bedroom
  • Bathroom Features: Fiberglass Shower Enclosure, Remodeled, Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Quartz Counters, Remodeled, Laminate Counters
  • Laundry: In Unit, Inside
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Refrigerator, Dryer, Washer, Range/Oven, Microwave, Garbage Disposal, Built-Ins
  • Price Per S Q F T: 788.60
  • Windows: Double Pane Windows

Exterior Features

  • Construction: Hard Coat
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Patio: Patio Open
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Assigned, Garage Is Attached
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Wall Unit(s)
  • Heating: Wall, Fireplace
  • Security: Card/Code Access
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.53
  • Assessed Improvement Value: 123065
  • Assessed Land Percent: 75.47
  • Assessed Land Value: 378677
  • Total Assessed Value: 501742
  • Assessor Parcel Number: 4231-016-025
  • Lot Location: Alley Access
  • Lot Size Area: 2501

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 27.75
  • Number Of Units: 2
  • Total Annual Expense: 2100
  • Type Of Units: Residential
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Sep 16, 2024
Sold by
Ehrlich Melissa and Abbene Joseph
Bought by
Yi Marshall C
Seller's Agent
Christina Kim
Keller Williams Larchmont
Buyer's Agent
Rafi Ekmekian
eXp Realty of California, Inc
List Price
$899,000
Sold Price
$975,000
Premium/Discount to List
$76,000
8.45%
Views
20
Current Estimated Value
$988,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,737
Avg. Annual Appreciation
-0.28%
Original Mortgage
$711,750
Outstanding Balance
$707,146
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$265,593

Purchase Details

Closed on
Mar 15, 2023
Sold by
Abbene Joseph and Abbene Melissa
Bought by
Abbene Joseph and Ehrlich Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 28, 2017
Sold by
Abbene Joseph
Bought by
Abbene Joseph and Ehrlich Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,200
Interest Rate
3.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 2, 2013
Closed on
Apr 10, 2013
Sold by
Putnam Daniel A
Bought by
Abbene Joseph P
Seller's Agent
Kevin Gallagher
First Manhattan REALTORS
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$479,000
Sold Price
$420,000
Premium/Discount to List
-$59,000
-12.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$412,392
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2003
Sold by
Gonzalez Joe M
Bought by
Putnam Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,954
Interest Rate
5.84%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 1998
Sold by
Smith Robert E
Bought by
Gonzalez Joe M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,520
Interest Rate
7.1%
Mortgage Type
VA

Purchase Details

Closed on
Aug 23, 1997
Sold by
Smith Robert E
Bought by
Smith Robert Earl and Penning Smith Hermina
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
Yi Marshall C $975,000 Provident Title Company
Abbene Joseph -- Chicago Title Company
Abbene Joseph -- First American Title Company
Abbene Joseph P $420,000 North American Title Company
Putnam Daniel A $335,000 Southland Title Corporation
Gonzalez Joe M $127,000 Southland Title Corporation
Smith Robert Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yi Marshall C $711,750
Previous Owner Abbene Joseph $247,000
Previous Owner Abbene Joseph $117,200
Previous Owner Abbene Joseph P $400,000
Previous Owner Abbene Joseph P $412,392
Previous Owner Putnam Daniel A $117,000
Previous Owner Putnam Daniel A $314,954
Previous Owner Gonzalez Joe M $131,260
Previous Owner Gonzalez Joe M $53,200
Previous Owner Gonzalez Joe M $128,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $975,000 +8.5% $855 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $899,000 +114.0% $789 / Sq Ft
05/06/2013 05/06/13 Sold $420,000 -12.3% $368 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
01/02/2013 01/02/13 For Sale $479,000 -- $420 / 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
2024 $6,321 $511,776 $386,250 $125,526
2023 $6,202 $501,742 $378,677 $123,065
2022 $5,917 $491,904 $371,252 $120,652
2021 $5,840 $482,260 $363,973 $118,287
2019 $5,666 $467,958 $353,178 $114,780
2018 $5,613 $458,783 $346,253 $112,530
2016 $5,365 $441,058 $332,874 $108,184
2015 $5,287 $434,433 $327,874 $106,559
2014 $5,316 $425,924 $321,452 $104,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-422703

The MLS

APN: 4231-016-025