NOT LISTED FOR SALE

Estimated Value: $2,033,000 - $2,271,517

5 Beds
3 Baths
1,936 Sq Ft
$1,113/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $1,571,000 $811 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,911/month

23 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Rectangular Lot
  • Venice High School Rated A
  • Bungalow
  • 5-minute walk to South Beach Park

About This Home

As of February 2022

First time on the market in 60 years! 2-on-a-lot west of Pacific Ave. Priced to move! This classic 2-unit beach bungalow walk street property is on a large 30X120 mid-block lot just a 1/2 block up from the beach and the world-famous Venice Beach Boardwalk, 400 ft south of Santa Monica city limits, and a short ½ mile walk to Abbot Kinney. Walk score 93 = "Walker's Paradise" :) Public records call it a 3 bed /1 bath front unit and 1/1 rear unit, but visibly the front shows as 2/1.5 (maybe that huge storage/utility room is the 3rd bedroom?), and the rear unit shows as a 2/1. Each unit has its own laundry hook-ups and is separately metered for electric and gas. Owner pays for water/sewer. In need of some repairs and being sold “as-is”. New roof in 2006, new sewer main line and some new drain lines in 2017. Rear unit has had some minor cosmetic upgrades the past few years and shows super cute inside, has an open kitchen w/breakfast bar, laminate flooring, large stainless sink, stove/dishwasher/fridge included, forced air heating, ceiling fans and window coverings, and what is probably an enclosed front porch that would be great for storing your bikes and boards or using as an office. Front unit is a spacious 2-bedroom with open kitchen, enclosed front porch, huge storage/utility room (3rd bedroom??), and looks out to a spacious front patio/yard area. Tons of potential and oh so close to one of the most famous beaches in America. Super convenient location just 7 miles to LAX, 11 miles to SoFi Stadium, 16 miles to DTLA, 7.5 miles to UCLA, 5 miles to LMU, 14 miles to USC.

Last Agent to Sell the Property

Pierre Valliere

PV Realty License #00958014 Listed on: 12/01/2021

Last Buyer's Agent

Marjorie Crow

Beach City Brokers License #01356834

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,637 Sq Ft Lot
  • Lot Dimensions are 30 x 121
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre
  • Value in Land

Parking

  • On-Street Parking

Home Design

  • 1,936 Sq Ft Home
  • Bungalow
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Property is near public transit
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 23 / 2
  • Assessor Parcel Number 4286019021
  • $269 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic, Repairs Major
  • Property Type: Residential Income
  • Parcel Number: 4286019021
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 811.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, Value In Land, Walkstreet
  • Lot Size: 30 x 121
  • Lot Size Sq Ft: 3637.00
  • Lot Size Acres: 0.0835

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Lot Size Area: 3637.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Patio: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Rent Control: Yes

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 2734.02
  • Tax Lot: 23
  • Tax Tract Number: Golden
  • TaxOtherAnnualAssessmentAmount: 269.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 3, 2022
Sold by
Maureen Jacobson
Bought by
Corral Javier
Seller's Agent
Pierre Valliere
PV Realty
Buyer's Agent
Marjorie Crow
Beach City Brokers
List Price
$1,525,000
Sold Price
$1,571,000
Premium/Discount to List
$46,000
3.02%
Current Estimated Value
$2,151,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$580,335
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Dec 11, 2012
Sold by
Jacobson Zavella
Bought by
Jacobson Maureen and Jacobson Bonnie E

Purchase Details

Closed on
Apr 18, 2008
Sold by
Jacobson Zavella
Bought by
Jacobson Zavella and Jacobson Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Corral Javier $1,571,000 Usa National Title
Jacobson Maureen -- None Available
Jacobson Zavella -- None Available
Jacobson Zavella -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2022 02/02/22 Sold $1,571,000 0.0% $811 / Sq Ft
12/24/2021 12/24/21 Pending -- -- --
12/24/2021 12/24/21 Off Market $1,571,000 -- --
12/01/2021 12/01/21 For Sale $1,525,000 -- $788 / 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
2025 $19,945 $1,667,157 $1,485,691 $181,466
2024 $19,945 $1,634,468 $1,456,560 $177,908
2023 $19,510 $1,602,420 $1,428,000 $174,420
2022 $1,422 $97,196 $60,957 $36,239
2021 $1,391 $95,291 $59,762 $35,529
2020 $1,401 $94,315 $59,150 $35,165
2019 $1,355 $92,467 $57,991 $34,476
2018 $1,300 $90,654 $56,854 $33,800
2016 $1,225 $87,137 $54,648 $32,489
2015 $1,210 $85,829 $53,828 $32,001
2014 $1,229 $84,149 $52,774 $31,375
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21251739

California Regional Multiple Listing Service (CRMLS)

APN: 4286-019-021