NOT LISTED FOR SALE

638 Rose Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,077,000 - $2,496,000

8 Beds
4 Baths
3,040 Sq Ft
$730/Sq Ft Est. Value

Last Sold April 23, 2024

Last sale price $2,175,640 $716 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $12,415/month

216 Days on Market

Highlights

  • Gated Parking
  • Traditional Architecture
  • 4 Car Garage
  • Broadway Elementary Rated A

About This Home

As of April 2024

Fantastic 4-unit building on vibrant Rose Ave, in the heart of Venice on large 5,277 sft lot zoned commercial LAC4, completely fenced and private. Each unit has 2 bedrooms and 1 bathroom. Both upstairs units have washer+dryer+ balcony and will be delivered vacant. Upgraded building with large outdoor spaces and separate 4-car garage structure with potential for ADU as future value-add.

Last Agent to Sell the Property

Sabine Pleissner

Compass License #01908450 Listed on: 08/05/2023

Compass

Co-Listed By

Max Berger

Compass License #02054048

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,277

Parking

  • 4 Car Garage
  • Gated Parking
  • Assigned Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,040 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,277 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4240-011-009

Property Details

Home Type

Multi-Family

Lot Details

5,277 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3040
  • Lot Acreage: 0.1211
  • Probate: No
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 1
  • Flooring: Laminate, Mixed
  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 748.36

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage, Garage - 1 Car, Garage Is Detached, Gated, Assigned
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 29.63
  • Assessed Improvement Value: 272950
  • Assessed Land Percent: 70.37
  • Assessed Land Value: 648273
  • Total Assessed Value: 921223
  • Assessor Parcel Number: 4240-011-009
  • Lot Size Area: 5277

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Type Of Units: attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2023
Closed on
Apr 18, 2024
Sold by
Myers Richard E and Tortorella Derick D
Bought by
Adeli-Nadjafi Shahin
Seller's Agent
Sabine Pleissner
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,275,000
Sold Price
$2,175,640
Premium/Discount to List
-$99,360
-4.37%
Views
133
Current Estimated Value
$2,218,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,321
Avg. Annual Appreciation
1.10%
Original Mortgage
$1,631,730
Outstanding Balance
$1,598,719
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$620,242

Purchase Details

Closed on
Dec 21, 2010
Sold by
Ruhr Myers Karin Asa Elisabeth
Bought by
Myers Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2002
Sold by
Kamiya Tadao and Kamiya Mitsuka
Bought by
Tortorella Derick D and Myers Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.09%

Purchase Details

Closed on
Aug 10, 1993
Sold by
Kamiya Tadao and Kamiya Nobuo
Bought by
Kamiya Tadao and Kamiya Mitsuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.16%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Adeli-Nadjafi Shahin $2,176,000 California Title Company
Myers Richard E -- Progressive Title Company
Myers Richard E -- Progressive Title Company
Tortorella Derick D $675,000 Southland Title
Kamiya Tadao -- Continental Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adeli-Nadjafi Shahin $1,631,730
Previous Owner Myers Richard E $486,000
Previous Owner Tortorella Derick D $540,000
Previous Owner Kamiya Tadao $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2024 04/23/24 Sold $2,175,640 -4.4% $716 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/29/2024 02/29/24 Price Changed $2,275,000 0.0% $748 / Sq Ft
02/29/2024 02/29/24 For Sale $2,275,000 -3.2% $748 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
10/18/2023 10/18/23 Price Changed $2,349,000 -2.1% $773 / Sq Ft
08/05/2023 08/05/23 For Sale $2,399,000 -- $789 / Sq Ft
Source: The MLS

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 $11,808 $2,219,112 $1,886,286 $332,826
2024 $11,808 $958,439 $674,462 $283,977
2023 $11,583 $939,647 $661,238 $278,409
2022 $11,052 $921,223 $648,273 $272,950
2021 $10,902 $903,161 $635,562 $267,599
2019 $10,576 $876,375 $616,712 $259,663
2018 $10,478 $859,192 $604,620 $254,572
2016 $10,000 $825,831 $581,143 $244,688
2015 $9,853 $813,427 $572,414 $241,013
2014 $9,904 $797,494 $561,202 $236,292
Source: Public Records

Agents Affiliated with this Home

  • Sabine Pleissner

    Seller's Agent in 2024

    Sabine Pleissner

    Compass

    (310) 745-1055

    3 in this area

    36 Total Sales

    Sabine Pleissner
    Section Image
  • Max Berger

    Seller Co-Listing Agent in 2024

    Max Berger

    Compass

    (310) 953-4562

    2 in this area

    37 Total Sales

    Max Berger
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 23-293599

The MLS

APN: 4240-011-009

California Los Angeles County Venice 90291 Venice

638 Rose Ave, Venice, CA

Not Listed for Sale

MultiFamily

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