NOT LISTED FOR SALE

60 Market St Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,852,000 - $2,630,000

5 Beds
5 Baths
2,608 Sq Ft
$865/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $1,925,000 $738 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $14,537/month

47 Days on Market

Highlights

  • Rooftop Deck
  • Tandem Parking
  • 2-minute walk to Windward Plaza
  • Venice High School Rated A

About This Home

As of February 2022

Note: 60 MARKET STREET IS ONLY BEING SOLD TOGETHER WITH 52 MARKET STREET. First time on the market in over 50 years. This 8-Unit apartment complex in Venice Beach is located one half block from the world-famous boardwalk, skatepark, and sandy beach. There is great privacy from the street with a tall fence and mature tree canopy, and amazing sunset views from the shared rooftop deck. 12 Tandem parking spaces are provided to the tenants. A soft story retrofit was completed in 2018. *Some units may be nonconforming. Buyer to perform their own investigation.

Last Agent to Sell the Property

Laura Alice Scaturro

Eve Capital License #01942167 Listed on: 12/01/2021

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,019

Year Built

  • Built in 1965

Lot Details

  • 2,755

Home Design

  • 2,608 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport
  • Tandem Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Additional Features

  • Gas And Electric Dryer Hookup
  • Rooftop Deck
  • 2,755 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, electricity
  • Assessor Parcel Number 4226-008-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,019

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Alley: Yes
  • Living Area: 2608
  • Lot Acreage: 0.0632
  • Price Per Unit: 500000.00
  • Year Built: 1965
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 5.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 766.00

Exterior Features

  • Other Structures: None
  • Patio: Roof Top Deck
  • Paved: Yes

Garage/Parking

  • Covered Parking: 6
  • Parking Garage: Carport, Tandem
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Water: District

Lot Info

  • Assessed Improvement Percent: 57.81
  • Assessed Improvement Value: 112070
  • Assessed Land Percent: 42.19
  • Assessed Land Value: 81798
  • Total Assessed Value: 193868
  • Assessor Parcel Number: 4226-008-007
  • Lot Size Area: 2755

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water, Electricity
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 20.77
  • Number Of Units: 4
  • Total Annual Expense: 50693
  • Type Of Units: Unfurnished
  • Vacancy Rate: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Jan 21, 2022
Sold by
Russell G Sherman Trust
Bought by
Five Oceans Capital So11 Llc
Seller's Agent
Laura Alice Scaturro
Eve Capital
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,000,000
Sold Price
$1,925,000
Premium/Discount to List
-$75,000
-3.75%
Current Estimated Value
$2,254,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,667
Avg. Annual Appreciation
4.43%
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
Five Oceans Capital So11 Llc $3,850,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $1,925,000 -3.8% $738 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
12/01/2021 12/01/21 For Sale $2,000,000 -- $767 / 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 $27,019 $2,042,824 $1,804,053 $238,771
2024 $27,019 $2,002,770 $1,768,680 $234,090
2023 $26,432 $1,963,500 $1,734,000 $229,500
2022 $5,208 $199,792 $84,297 $115,495
2021 $5,159 $195,876 $82,645 $113,231
2019 $5,086 $190,798 $80,195 $110,603
2018 $4,923 $187,072 $78,623 $108,449
2016 $2,395 $179,108 $75,571 $103,537
2015 $2,364 $176,418 $74,436 $101,982
2014 $2,399 $172,963 $72,978 $99,985
Source: Public Records

Agents Affiliated with this Home

  • Laura Alice Scaturro

    Seller's Agent in 2022

    Laura Alice Scaturro

    Eve Capital

    (310) 482-0422

    2 in this area

    12 Total Sales

    Laura Alice Scaturro
    Section Image

  • S

    Buyer's Agent in 2022

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 21-109561

The MLS

APN: 4226-008-007

California Los Angeles County Venice 90291 Venice

60 Market St, Venice, CA

This home is located at 60 Market St, Venice, CA 90291 since 01 December 2021 and is currently estimated at $2,254,667, approximately $864 per square foot. This property was built in 1965. 60 Market St is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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