Raymond Dominguez
Engel & Völkers
(424) 359-1336
12 Total Sales
1 in Venice
$8,200,000 Price
631 Indiana Ave Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,661,000 - $2,789,000
9
Beds
5
Baths
2,900
Sq Ft
$936/Sq Ft
Est. Value
Highlights
- Laundry Facilities
- Broadway Elementary Rated A
- Level Lot
About This Home
As of October 2018Welcome to this unique investment opportunity in Venice, one of the hottest neighborhoods in LA. This multifamily property is located WEST of Lincoln and located a couple blocks away from Abbot Kinney. The front house has 2 bedrooms and 2 baths with private outdoor space. The rear building is 2 units with 3 bedrooms and 1 bath each stacked on top of one another. All units have updated kitchens, baths, and flooring. 4+ parking spots on property with access from the front and rear alley. This triplex has a unique setup allowing for a FOURTH UNIT (UDU) to be installed in the existing footprint. That means a potential income of $10,800/month with existing tenants in place!
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1905
Lot Details
- 4,802 Sq Ft Lot
- 1 Common Wall
- Level Lot
Home Design
- 2,900 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Laundry
- Dryer
- Washer
Parking
- Parking Available
- Paved Parking
Additional Features
- Suburban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 28
- Tax Tract Number 67
- Assessor Parcel Number 4239003034
Community Details
Overview
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $600
- Fuel Expense $600
- Insurance Expense $1,015
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $26,188
- Operating Expense $2,400
- Net Operating Income $71,697
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2022
Sold by
Milan Kanoff Chris
Bought by
Current Estimated Value
Purchase Details
Closed on
May 4, 2022
Sold by
Han Kay
Bought by
Burns 1996 Trust and Kanoff
Purchase Details
Listed on
Jun 11, 2018
Closed on
Sep 26, 2018
Sold by
Panchal Harish
Bought by
Han Kay
Seller's Agent
Dow Chang
Haus Investments
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,899,000
Sold Price
$1,860,000
Premium/Discount to List
-$39,000
-2.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 13, 2012
Sold by
Tan Jing
Bought by
Panchal Harish
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2010
Sold by
Johnson David Scott
Bought by
Tan Jing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,200
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2010
Sold by
Banuelos Marissa A and Estate Of Rosa G Banuelos
Bought by
Tan Jing
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,200
Interest Rate
4.62%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Raymond Dominguez
-
Susan Kastner
Susan Kastner
Compass
(424) 577-6015
45 Total Sales
1 in Venice
$3,400,000 Price
-
Lena Jemelian
Lena Jemelian
Compass
(562) 269-1105
9 Total Sales
1 in Venice
$3,300,000 Price
-
Alexander Masket
Alexander Masket
Responds QuicklyCompass
(323) 310-1876
28 Total Sales
1 in Venice
$3,269,000 Price
-
Luis Mendoza
Luis Mendoza
(858) 293-4222
27 Total Sales
1 in Venice
$2,645,000 Price
-
Kevin Da Silva
Kevin Da Silva
eXp Realty of Greater Los Angeles, Inc.
(424) 372-0894
97 Total Sales
1 in Venice
$2,225,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Pacific Coast Title | ||
| Burns 1996 Trust | $2,720,000 | Pacific Coast Title | |
| Burns 1996 Trust | -- | Pacific Coast Title | |
| Han Kay | $1,860,000 | Pacific Coast Title Company | |
| Panchal Harish | $980,000 | Old Republic Title Company | |
| Tan Jing | -- | Lawyers Title Company | |
| Tan Jing | $830,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,795,000 | ||
| Previous Owner | Han Kay | $500,000 | |
| Previous Owner | Han Kay | $250,000 | |
| Previous Owner | Han Kay | $1,000,000 | |
| Previous Owner | Panchal Harish | $735,000 | |
| Previous Owner | Tan Jing | $493,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2018 10/10/18 | Sold | $1,860,000 | -2.1% | $641 / Sq Ft | |
| 06/11/2018 06/11/18 | For Sale | $1,899,000 | +93.8% | $655 / Sq Ft | |
| 05/02/2012 05/02/12 | Sold | $980,000 | -17.5% | $258 / Sq Ft | View Prior Sale |
| 01/17/2012 01/17/12 | Pending | -- | -- | -- | |
| 04/08/2011 04/08/11 | For Sale | $1,188,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $34,750 | $2,944,214 | $2,706,080 | $238,134 |
| 2025 | $34,750 | $2,886,485 | $2,653,020 | $233,465 |
| 2024 | $34,375 | $2,829,888 | $2,601,000 | $228,888 |
| 2023 | $33,705 | $2,774,400 | $2,550,000 | $224,400 |
| 2022 | $23,215 | $1,955,190 | $1,744,955 | $210,235 |
| 2021 | $22,931 | $1,916,854 | $1,710,741 | $206,113 |
| 2020 | $23,169 | $1,897,200 | $1,693,200 | $204,000 |
| 2019 | $22,243 | $1,860,000 | $1,660,000 | $200,000 |
| 2018 | $13,259 | $1,081,824 | $640,263 | $441,561 |
| 2016 | $12,674 | $1,039,816 | $615,401 | $424,415 |
| 2015 | $12,489 | $1,024,198 | $606,158 | $418,040 |
| 2014 | $12,543 | $1,004,137 | $594,285 | $409,852 |
Source: Public Records
Agents Affiliated with this Home
-
Dow Chang
Seller's Agent in 2018
Dow Chang
Haus Investments
(310) 702-5501
19 Total Sales
-
Stephanie Baik
SB
Seller Co-Listing Agent in 2018
Stephanie Baik
Premier Agent Network
(310) 376-8021
1 Total Sale
-
GN
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
-
Richard Cabo
RC
Seller's Agent in 2012
Richard Cabo
Property Concierge
(310) 481-6262
-
Cary Goldstone
Buyer's Agent in 2012
Cary Goldstone
House Network
(310) 821-7020
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18138129
APN: 4239-003-034
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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