NOT LISTED FOR SALE

534 Broadway St Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,564,000 - $4,020,000

10 Beds
6 Baths
4,428 Sq Ft
$853/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $3,380,000 $763 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $23,109/month

125 Days on Market

Highlights

  • Built-In Features
  • Attached Carport
  • Vinyl Flooring
  • Venice High School Rated A

About This Home

As of March 2022

Located in the quiet streets by the beachside of Venice. 4 Blocks away from the beach, 1 block from Abbott Kinney, the shopping streets and Westminster Elementary School. Like Rodeo Drive of Beverly Hills and Montana Street in Brentwood or even 3rd Street Promenade in Santa Monica, Abbott Kinney is full of coffee shops, bars, restaurants and fashion boutiques for night time or weekend outings. Property is vacant and move-in ready. Public transportation off of Lincoln Blvd. and supermarkets Like Ralphs, Erewhon and Whole Foods are within a mile of the site. Per public records, the building shows 12 bedrooms, but is actually 10. Buyer to verify room count and square footage. Newly painted and roof is painted with elastomeric paint. Owners do not own any of the furniture, but staged furniture can be bought from the stager (Negotiation outside of escrow).

Last Agent to Sell the Property

Jack Dunn

Jack Dunn License #01030392 Listed on: 10/17/2021

Last Buyer's Agent

Potjanee Srisaereenuwat

Engel & Völkers Santa Clarita License #01766066

Engel & Völkers Santa Clarita

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,201

Home Design

  • Elastomeric Roof

Interior Spaces

  • 4,428 Sq Ft Home
  • Built-In Features
  • Vinyl Flooring
  • Laundry Located Outside

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 4 Parking Spaces
  • Attached Carport
  • On-Street Parking

Additional Features

  • 5,201 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-020-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4428
  • Lot Acreage: 0.1194
  • Year Built: 1964
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Vinyl Tile
  • Bedrooms: 10
  • Laundry: Outside
  • Laundry Equipment: Own
  • Total Bathrooms: 6.00
  • Equipment: Built-Ins, Range/Oven, Refrigerator, Garbage Disposal, Dishwasher
  • Price Per S Q F T: 788.17

Exterior Features

  • Other Structures: None
  • Roof: Elastomeric

Garage/Parking

  • Parking Garage: Carport Attached, On street
  • Total Parking: 4

Utilities

  • Heating: Wall Gas, Wall Electric

Lot Info

  • Assessed Improvement Percent: 25.13
  • Assessed Improvement Value: 553419
  • Assessed Land Percent: 74.87
  • Assessed Land Value: 1648493
  • Total Assessed Value: 2201912
  • Assessor Parcel Number: 4239-020-009
  • Lot Size Area: 5201

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.20
  • Number Of Units: 4
  • Type Of Units: Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2021
Closed on
Mar 23, 2022
Sold by
Ironwood Asset Management Llc
Bought by
Kuramarohit Doungchai and Kuramarohit Nat
Seller's Agent
Jack Dunn
Jack Dunn
Buyer's Agent
Potjanee Srisaereenuwat
Engel & Völkers Santa Clarita
List Price
$3,799,500
Sold Price
$3,380,000
Premium/Discount to List
-$419,500
-11.04%
Current Estimated Value
$3,775,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,667
Avg. Annual Appreciation
2.95%
Original Mortgage
$2,000,000
Outstanding Balance
$1,873,626
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,902,041

Purchase Details

Closed on
Sep 12, 2008
Sold by
Merchant Daniel Stephen and Merchant John
Bought by
Ironwood Asset Management Llc

Purchase Details

Closed on
May 2, 2007
Sold by
Rosser Md Nancy L
Bought by
Merchant Daniel Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$974,250
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kuramarohit Doungchai $3,380,000 Equity Title
Ironwood Asset Management Llc $1,870,000 North American Title Company
Merchant Daniel Stephen -- Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuramarohit Doungchai $2,000,000
Previous Owner Merchant Daniel Stephen $974,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $3,380,000 -3.2% $763 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
12/13/2021 12/13/21 Price Changed $3,490,000 -0.3% $788 / Sq Ft
11/06/2021 11/06/21 Price Changed $3,499,500 -7.9% $790 / Sq Ft
10/17/2021 10/17/21 For Sale $3,799,500 -- $858 / 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 $42,739 $3,586,882 $2,971,382 $615,500
2024 $42,739 $3,516,552 $2,913,120 $603,432
2023 $41,906 $3,447,600 $2,856,000 $591,600
2022 $27,049 $2,269,217 $1,698,882 $570,335
2021 $26,660 $2,224,723 $1,665,571 $559,152
2019 $25,860 $2,158,738 $1,616,170 $542,568
2018 $25,760 $2,116,411 $1,584,481 $531,930
2016 $24,626 $2,034,229 $1,522,954 $511,275
2015 $24,265 $2,003,674 $1,500,078 $503,596
2014 $24,352 $1,964,426 $1,470,694 $493,732
Source: Public Records

Agents Affiliated with this Home

  • Jack Dunn

    Seller's Agent in 2022

    Jack Dunn

    Jack Dunn

    (323) 708-8800

    1 in this area

    6 Total Sales

    Jack Dunn
    Section Image
  • Potjanee Srisaereenuwat

    Buyer's Agent in 2022

    Potjanee Srisaereenuwat

    Engel & Völkers Santa Clarita

    (818) 971-9193

    1 in this area

    59 Total Sales

    Potjanee Srisaereenuwat
    Section Image
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Map

Source: The MLS

MLS Number: 21-796120

The MLS

APN: 4239-020-009

California Los Angeles County Venice 90291 Venice

534 Broadway St, Venice, CA

Not Listed for Sale

MultiFamily

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