NOT LISTED FOR SALE

Estimated Value: $2,135,000 - $2,631,356

4 Beds
3 Baths
2,212 Sq Ft
$1,080/Sq Ft Est. Value

Last Sold December 15, 2022

Last sale price $2,035,000 $920 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $14,735/month

91 Days on Market

Highlights

  • Ceiling Fan
  • Controlled Entrance
  • 3-minute walk to Oakwood Park
  • Broadway Elementary Rated A-
  • Gated Home

About This Home

As of December 2022

Venice Beach Triplex - (2) 2bed+1 bath and (1) stand-alone cottage. Lot of 5,202 (SF) bldg. 2,212 (SF) and is located on one of best streets in Venice, San Juan Avenue. Property is just minutes to Abbott Kinney and all the Venice Beach activities. Two buildings on the property. Front building consists of 2 mirror image, lower and upper units, both 2 bedrooms +1 bath, hardwood flooring throughout, large closets, separate laundry area off the kitchen with washer/dryer. The back stand-alone studio cottage sits at the back of the lot with parking and private patio area. Property has 5 parking spaces with automated gate off the alley, a nicely landscaped low maintenance front yard area, completely private and gated. Great investment or owner user. (1) 2 bed unit vacant and easy to see.

Last Agent to Sell the Property

Linda Light

Coldwell Banker Realty License #00786737 Listed on: 06/13/2022

Coldwell Banker Realty

Co-Listed By

Taylor Light

Coldwell Banker Realty License #02084441

Last Buyer's Agent

Linda Rich

Sotheby's International Realty License #00869283

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,219

Year Built

  • Built in 1946

Lot Details

  • 5,202 Sq Ft Lot
  • Gated Home

Home Design

  • Shingle Roof

Interior Spaces

  • 2,212 Sq Ft Home
  • Ceiling Fan
  • Oven or Range
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway
  • Controlled Entrance

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 4239-025-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,219

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2212
  • Lot Acreage: 0.1194
  • Probate: No
  • Year Built: 1946
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Equipment: Refrigerator, Range/Oven, Ceiling Fan
  • Price Per S Q F T: 926.76

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 5
  • Parking Garage: Controlled Entrance, Driveway - Concrete, Uncovered
  • Total Parking: 5

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 53.78
  • Assessed Improvement Value: 141902
  • Assessed Land Percent: 46.22
  • Assessed Land Value: 121963
  • Total Assessed Value: 263865
  • Assessor Parcel Number: 4239-025-020
  • Lot Size Area: 5202

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 3
  • Total Annual Expense: 37877
  • Type Of Units: Apartments
  • Vacancy Rate: 1 2Bd

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2024
Sold by
Suhr Erika Emily
Bought by
624 San Yuan Ave Llc
Current Estimated Value
$2,389,839

Purchase Details

Closed on
Sep 20, 2022
Sold by
St Louis Vii Estes A
Bought by
Suhr Erika Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,628,000
Interest Rate
4.13%
Mortgage Type
New Conventional
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
624 San Yuan Ave Llc -- None Listed On Document
Suhr Erika Emily $2,035,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suhr Erika Emily $1,628,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2022 12/15/22 Sold $2,035,000 -0.7% $920 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
07/26/2022 07/26/22 Price Changed $2,050,000 -6.7% $927 / Sq Ft
07/07/2022 07/07/22 Price Changed $2,197,000 -2.3% $993 / Sq Ft
06/13/2022 06/13/22 For Sale $2,249,000 -- $1,017 / 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 $25,219 $2,085,900 $1,846,200 $239,700
2024 $25,219 $2,075,700 $1,836,000 $239,700
2023 $24,729 $2,035,000 $1,800,000 $235,000
2022 $3,374 $269,142 $124,402 $144,740
2021 $3,318 $263,865 $121,963 $141,902
2019 $3,221 $256,041 $118,347 $137,694
2018 $3,172 $251,022 $116,027 $134,995
2016 $3,013 $241,276 $111,522 $129,754
2015 $2,970 $237,652 $109,847 $127,805
2014 $2,992 $232,998 $107,696 $125,302
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-167377

The MLS

APN: 4239-025-020