NOT LISTED FOR SALE

Estimated Value: $1,755,563 - $2,225,000

4 Beds
3 Baths
2,025 Sq Ft
$986/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $1,750,000 $864 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,662/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Lawn
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Ground Level Unit
  • Breakfast Area or Nook

About This Home

As of October 2023

An AMAZING opportunity available with this Venice Beach Triplex...Located in the coveted, quiet residential area known as President's Row of Venice Beach this triplex is located just 2 blocks from Abbot Kinney shopping and dining district and 5 min drive or bike ride to the beach. Seller may carry financing with very favorable terms for a strongly verified and qualified buyer. 1 story building with side by side units and a detached 3 car garage in this triplex. The units are in standard condition for a building this age with original tile kitchens and hardwood floors. All of the units have their own separate laundry room. The rear 2 bedroom unit has use of the very large rear patio. The detached 3 car garage sits at the rear of the property with alley access. Two garages are being used by the two existing tenants. One unit and one garage will be VACANT at close of escrow. All new gas line piping from the street to the meters. Main sewer line has been replaced. Three new 40 gallon water heaters. This building is priced to sell and sold AS-IS, no credits and no repairs will be provided to the buyer. Buyer must verify square footage, rent control laws, Coastal Commission Restrictions. Buyer is responsible for any Termite reports, inspections, and repairs. Lot zoned R3. DO NOT GO ON PROPERTY. TENANTS ARE NOT TO BE DISTURBED.

Last Agent to Sell the Property

Kellie Logsdon

Compass License #01185302 Listed on: 08/15/2023

Compass

Co-Listed By

Barbara Neiman

Compass License #00638638

Last Buyer's Agent

LJ Mismas

Westside Pacific Estates Inc. License #01889106

Westside Pacific Estates Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,330

Year Built

  • Built in 1951

Lot Details

  • 5,315 Sq Ft Lot
  • North Facing Home
  • Fenced Yard
  • Fenced
  • Side Yard Sprinklers
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,025 Sq Ft Home
  • 1-Story Property
  • Living Room

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Oven or Range
  • Gas and Electric Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Open Patio
  • Rain Gutters

Location

  • Ground Level Unit

Utilities

  • Heating System Mounted To A Wall or Window
  • Multi-Tank Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4237-004-010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,330

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 2025
  • Lot Acreage: 0.1220
  • Property Condition: No Additions/Alter
  • Stories: 1
  • Year Built: 1951
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls, Drywall Walls
  • Flooring: Ceramic Tile, Linoleum, Hardwood, Mixed
  • Appliances: Gas/Electric Range
  • Bedrooms: 4
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Galley Kitchen, Tile Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Gas Dryer Hookup, Refrigerator, Range/Oven, Dishwasher
  • Price Per S Q F T: 814.81

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Partial Copper Plumbing, Rain Gutters
  • Other Structures: Other
  • Foundation Details: Raised
  • Paved: Yes
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Garage - 3 Car, Garage Is Detached, Detached
  • Total Parking: 3

Utilities

  • Water Heater: Water Heater Unit, Multi-Tank
  • Heating: Wall
  • Sewer: In Street
  • Water: Meter on Property
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Side, Sprinkler System
  • Additions Alterations: No
  • Assessor Parcel Number: 4237-004-010
  • Lot Description: Lawn, Fenced, Fenced Yard, Single Lot, Gutters, Alley Paved, Front Yard
  • Lot Location: Alley Access
  • Lot Size Area: 5315

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9300.00
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 1000
  • Type Of Units: triplex
  • Vacancy Rate: 1

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 14, 2023
Sold by
2014 Thomas E Mcgivern and 2014 Christine M
Bought by
Yeftadonay Menachem and Samuels Shaina
Seller's Agent
Kellie Logsdon
Compass
Buyer's Agent
LJ Mismas
Westside Pacific Estates Inc.
List Price
$1,650,000
Sold Price
$1,750,000
Premium/Discount to List
$100,000
6.06%
Views
42
Current Estimated Value
$1,997,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,641
Avg. Annual Appreciation
9.89%
Original Mortgage
$1,487,500
Outstanding Balance
$1,459,921
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$623,572

Purchase Details

Closed on
May 14, 2014
Sold by
Mcgivern Thomas Edward
Bought by
Mcgivern Thomas E and 2014 Thomas E Mcgivern & Christine M Mcg
Source: Public Records

Range of Values:

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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
Yeftadonay Menachem $1,750,000 Lawyers Title
Mcgivern Thomas E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeftadonay Menachem $1,487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $1,750,000 +6.1% $864 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,650,000 -- $815 / 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 $21,330 $1,785,000 $1,530,000 $255,000
2024 $21,330 $1,750,000 $1,500,000 $250,000
2023 $2,656 $193,148 $79,918 $113,230
2022 $2,545 $189,361 $78,351 $111,010
2021 $2,501 $185,649 $76,815 $108,834
2019 $2,433 $180,145 $74,538 $105,607
2018 $2,354 $176,614 $73,077 $103,537
2016 $2,235 $169,758 $70,241 $99,517
2015 $2,205 $167,209 $69,186 $98,023
2014 $2,234 $163,934 $67,831 $96,103
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-314235

The MLS

APN: 4237-004-010