NOT LISTED FOR SALE

540 Grand Blvd Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,403,000 - $1,800,000

2 Beds
2 Baths
1,473 Sq Ft
$1,067/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $1,400,000 $950 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,206/month

72 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 4-minute walk to Centennial Park
  • Venice High School Rated A
  • 1-Story Property

About This Home

As of August 2024

Charming duplex in the heart of Venice! Just minutes from Venice Beach, Abbot Kinney & the Venice Canals. This property is made up of two 1 bed + 1 bath units featuring hardwood floors throughout, central A/C & Heat, in-unit laundry, 2 car garage. The rear unit has a large private backyard with covered patio. Built in 1947, this property is under LARSO/LA City Rent Control. The property is very well maintained and in great condition.

Last Agent to Sell the Property

Kacey Barnett

Sail Realty License #01959770 Listed on: 05/06/2024

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 4,500

Parking

  • 2 Car Garage

Interior Spaces

  • 1,473 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 4,500 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4238-019-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

4,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1473
  • Lot Acreage: 0.1033
  • Stories: 1
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Microwave, Range/Oven, Washer, Dryer, Refrigerator, Dishwasher
  • Price Per S Q F T: 1038.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 34.26
  • Assessed Improvement Value: 28718
  • Assessed Land Percent: 65.74
  • Assessed Land Value: 55114
  • Total Assessed Value: 83832
  • Assessor Parcel Number: 4238-019-009
  • Lot Size Area: 4500

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 22.44
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Aug 2, 2024
Sold by
Sells Family Trust and Massingill Jeanne
Bought by
Giovannini Donald and Mok Wai Wan
Seller's Agent
Kacey Barnett
Sail Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,530,000
Sold Price
$1,400,000
Premium/Discount to List
-$130,000
-8.5%
Views
377
Current Estimated Value
$1,571,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,721
Avg. Annual Appreciation
7.91%

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 24, 2024
Sold by
Sells Family Trust and Massingill Jeanne
Bought by
Giovannini Donald and Mok Wai Wan
Seller's Agent
Kacey Barnett
Sail Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,530,000
Sold Price
$1,400,000
Premium/Discount to List
-$130,000
-8.5%
Views
377
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Giovannini Donald $1,400,000 Provident Title Company
Giovannini Donald $1,400,000 Provident Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2024 08/09/24 Sold $1,400,000 -8.5% $950 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $1,530,000 -- $1,039 / Sq Ft
Source: The MLS

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 $1,311 $1,400,000 $1,200,000 $200,000
2024 $1,311 $85,508 $56,216 $29,292
2023 $1,294 $83,832 $55,114 $28,718
2022 $1,246 $82,189 $54,034 $28,155
2021 $1,221 $80,578 $52,975 $27,603
2019 $1,190 $78,189 $51,404 $26,785
2018 $1,130 $76,657 $50,397 $26,260
2016 $1,070 $73,683 $48,441 $25,242
2015 $1,057 $72,577 $47,714 $24,863
2014 $1,076 $71,156 $46,780 $24,376
Source: Public Records

Agents Affiliated with this Home

  • Kacey Barnett

    Seller's Agent in 2024

    Kacey Barnett

    Sail Realty

    (310) 821-7245

    3 in this area

    13 Total Sales

    Kacey Barnett
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 24-388415

The MLS

APN: 4238-019-009

California Los Angeles County Venice 90291 Venice

540 Grand Blvd, Venice, CA

Not Listed for Sale

MultiFamily

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