Seller's Agent in 2018
Dow Chang
Haus Investments
(310) 702-5501
21 Total Sales
631 Indiana Ave Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,619,000 - $2,776,000
9
Beds
5
Baths
2,900
Sq Ft
$930/Sq Ft
Est. Value
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!
Co-Listed By
Stephanie Baik
Premier Agent Network License #01881394
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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
- Laundry in unit
- 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
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
Bought by
Current Estimated Value
Purchase Details
Closed on
May 4, 2022
Sold by
Bought by
Purchase Details
Listed on
Jun 11, 2018
Closed on
Sep 26, 2018
Sold by
Bought by
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
4.90%
Original Mortgage
$1,000,000
Interest Rate
0.045%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 13, 2012
Sold by
Bought by
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
0.0405%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2010
Sold by
Bought by
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
0.0462%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2010
Sold by
Bought by
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
0.0462%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
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 | ||
| $2,720,000 | Pacific Coast Title | ||
| -- | Pacific Coast Title | ||
| $1,860,000 | Pacific Coast Title Company | ||
| $980,000 | Old Republic Title Company | ||
| -- | Lawyers Title Company | ||
| $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 | $500,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $735,000 | ||
| Previous Owner | $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 |
|---|---|---|---|---|
| 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
-
S
Seller Co-Listing Agent in 2018
Stephanie Baik
Premier Agent Network
-
G
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
-
Richard Cabo
R
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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