NOT LISTED FOR SALE
6 Beds
6 Baths
6,339 Sq Ft
9,452 Sq Ft Lot

Last Sold August 18, 2021

Last sale price $3,050,000 $481 Per Sq Ft

174 Days on Market

Highlights

  • 0.22 Acre Lot
  • Contemporary Architecture
  • Zoned Cooling
  • Broadway Elementary Rated A-
  • Corner Lot
  • Laundry Facilities

About This Home

As of August 2021

A fantastic investment opportunity awaits in prime Venice with this 5-unit loft-style building on a corner lot in the heart of Silicon Beach, just a block south of the restaurants and shops of bustling Rose Ave. Designed by internationally recognized LA architect Ted Tanaka, each spacious apartment stuns with high ceilings, an open floor plan, and an abundance of natural light. The majority of the units have new HVAC mini-split systems, and some feature other modern upgrades such as newer kitchens, bathrooms, and flooring. Two units include private patios/garden space, three feature large skylights, and there's off-street parking allotted for 8-9 cars. The building is comprised of four 1-bed, 1 bath units plus one larger 2-bed, 2 bath two-story unit.

Last Agent to Sell the Property

Diana Braun

Compass License #01362342 Listed on: 01/06/2021

Compass

Last Buyer's Agent

Diana Braun

Compass License #01362342 Listed on: 01/06/2021

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 9,452 Sq Ft Lot
  • Gated Home
  • Corner Lot

Home Design

  • Contemporary Architecture

Interior Spaces

  • 6,339 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Utilities

  • Zoned Cooling

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 4240-012-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 6339
  • Lot Acreage: 0.2170
  • Stories: 2
  • Year Built: 1987
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: Community
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 528.47

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning, Multi/Zone
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 52.66
  • Assessed Improvement Value: 705424
  • Assessed Land Percent: 47.34
  • Assessed Land Value: 634092
  • Total Assessed Value: 1339516
  • Assessor Parcel Number: 4240-012-001
  • Lot Location: Corner Lot
  • Lot Size Area: 9452

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 17.02
  • Number Of Units: 5
  • Total Annual Expense: 79596.84
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Range of Values:

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

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $3,050,000 -9.0% $481 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
05/19/2021 05/19/21 Price Changed $3,350,000 -4.3% $528 / Sq Ft
04/19/2021 04/19/21 Price Changed $3,500,000 -7.8% $552 / Sq Ft
01/27/2021 01/27/21 Price Changed $3,795,000 -4.5% $599 / Sq Ft
01/06/2021 01/06/21 For Sale $3,975,000 -- $627 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-676408

The MLS