NOT LISTED FOR SALE
8 Beds
4 Baths
2,800 Sq Ft
7,218 Sq Ft Lot

Last Sold October 15, 2014

Last sale price $2,375,000 $848 Per Sq Ft

53 Days on Market

About This Home

As of October 2014

AMAZING DEVELOPMENT OPPORTUNITY- RTI PERMITS ARE READY- BUILD NOW! Located in the Silver Triangle this is a PRIME opportunity to develop w/ FULLY APPROVED PLANS for 4 stunning Eco-friendly single family residences! This city approved small lot subdivision is ready to go for new custom homes designed by William Adams Architects that are spacious at 2,000-2,200 sq.ft. each w/ 2 Bdrms + loft/ 3rd Bdrm & 2.5 Baths. Open living/dining space with designer kitchens, multiple balconies and huge roof decks with views. Property can be delivered vacant to Buyer, all plans and entitlements approved, Buyer to be responsible for all permit fees (see private remarks). Currently a 4 unit income property consisting of mixed 2 bedroom/1 bath units that are all currently tenant occupied and sits on a 7,200+ sq.ft corner lot. Seconds to Abbot Kinney, Farmers Market, the Beach & all restaurants & shops. This is a unique & rare opportunity to develop a lucrative project in Venice! See private remar

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 01/31/2014

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451 Listed on: 01/31/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,218 Sq Ft Lot
  • Tear Down

Home Design

  • 2,800 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4228-016-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2800
  • Property Condition: Tear Down
  • Year Built: 1956
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 839.29

Exterior Features

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

Garage/Parking

  • Covered Parking: 4
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Sewer: In Street

Fee Information

  • Management Expense: 4000.00

Lot Info

  • Assessor Parcel Number: 4228-016-020
  • Geocode Override: No
  • Lot Size Area: 7218

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 33.52
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 9000
  • Type Of Units: residential
  • Vacancy Rate: 50

Tax Info

  • Tax Expense: 29375.00

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

Property History

Date Event Price Change Sq Ft Price
10/15/2014 10/15/14 Sold $2,375,000 +1.1% $848 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $2,350,000 -- $839 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-733893

The MLS

APN: 4228-016-020