NOT LISTED FOR SALE

634 Broadway St Venice, CA 90291

Venice Neighborhood
9 Beds
6 Baths
3,010 Sq Ft
5,180 Sq Ft Lot

Last Sold April 02, 2013

Last sale price $1,750,000 $581 Per Sq Ft

77 Days on Market

Highlights

  • Tandem Parking
  • Broadway Elementary Rated A
  • 4-minute walk to Oakwood Park

About This Home

As of April 2013

Great income property in the heart of Venice/Silicon Beach. All units were renovated in 2006 and are very well maintained. The building is located six blocks to Abbot Kinney and close to the beach. Unique mix of one three bedroom, three two bedrooms and one guest. The property is gated front and back with a yard for the tenant's use. There is parking for six cars in back. There is additional upside potential to rents. Great cash flow and great tenants. There is rarely a vacancy. Laundry facility provides extra income yearly of approximately $1,800.00. Don't miss this one!!

Last Agent to Sell the Property

Linda Scheft-Montilla

Coldwell Banker Realty License #01383000 Listed on: 11/28/2012

Coldwell Banker Realty

Last Buyer's Agent

Michelle Nissani

Douglas Elliman License #01330453

Douglas Elliman

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,180

Interior Spaces

  • 3,010 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Tandem Parking
  • Uncovered Parking

Additional Features

  • 5,180 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-019-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3010
  • Stories: 2
  • Year Built: 1959
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 6.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 596.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Tandem, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 4239-019-014
  • Lot Size Area: 5180

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.15
  • Number Of Units: 5
  • Type Of Units: 5 plex

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $1,750,000 -2.5% $581 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
11/28/2012 11/28/12 For Sale $1,795,000 -- $596 / 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 $26,288 $2,165,874 $1,723,996 $441,878
2024 $26,288 $2,123,407 $1,690,193 $433,214
2023 $25,786 $2,081,772 $1,657,052 $424,720
2022 $24,603 $2,040,954 $1,624,561 $416,393
2021 $24,304 $2,000,936 $1,592,707 $408,229
2019 $23,586 $1,941,589 $1,545,467 $396,122
2018 $23,505 $1,903,519 $1,515,164 $388,355
2016 $22,453 $1,829,605 $1,456,329 $373,276
2015 $22,128 $1,802,124 $1,434,454 $367,670
2014 $22,109 $1,757,945 $1,406,356 $351,589
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Linda Scheft-Montilla

    Coldwell Banker Realty

    Section Image
  • Michelle Nissani

    Buyer's Agent in 2013

    Michelle Nissani

    Douglas Elliman

    (310) 413-8780

    2 in this area

    16 Total Sales

    Michelle Nissani
    Section Image
  • Claire Burns

    Buyer Co-Listing Agent in 2013

    Claire Burns

    Compass

    (310) 880-5288

    10 in this area

    82 Total Sales

    Claire Burns
    Section Image
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Map

Source: The MLS

MLS Number: 12-638501

The MLS
California Los Angeles County Venice 90291 Venice

634 Broadway St, Venice, CA

Not Listed for Sale

MultiFamily

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