NOT LISTED FOR SALE

653 Broadway St Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,850,000 - $2,232,000

3 Beds
2 Baths
1,646 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold July 16, 2013

Last sale price $1,166,000 $708 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $12,371/month

13 Days on Market

Highlights

  • Built-In Features
  • Detached Carport Space
  • 4-minute walk to Oakwood Park
  • Broadway Elementary Rated A
  • Central Heating

About This Home

As of July 2013

Charming and private duplex, operating as a triplex. Located in the heart of Venice this garden property currently consists of three 1+1s earning solid income with room for upside. Front two units are mirror images of each other with eat in kitchens. Back and middle units are connected by a door in the living areas (currently sealed) creating potential for a 2+2 owners unit. Perfect for an owner user or investor- lots of options! This is what beach living is all about! Back unit to be delivered vacant.

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 05/04/2013

Last Buyer's Agent

Jenn Harrison

Compass License #01439097

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,193

Interior Spaces

  • 1,646 Sq Ft Home
  • Built-In Features
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • Detached Carport Space

Additional Features

  • 5,193 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-012-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1646
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins, Range/Oven, Refrigerator
  • Price Per S Q F T: 664.03

Exterior Features

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

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport Detached, Covered Parking
  • Total Parking: 5

Utilities

  • Heating: Central

Lot Info

  • Assessed Improvement Value: 80711
  • Assessed Land Value: 495822
  • Assessor Parcel Number: 4239-012-030
  • Geocode Override: No
  • Lot Size Area: 5193

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.27
  • Number Of Units: 2
  • Type Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2013
Closed on
Jul 11, 2013
Sold by
Matthews Megan
Bought by
Gorman Sean C
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Jenn Harrison
Compass
List Price
$1,093,000
Sold Price
$1,166,000
Premium/Discount to List
$73,000
6.68%
Current Estimated Value
$2,092,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$926,753
Avg. Annual Appreciation
4.80%
Original Mortgage
$816,200
Outstanding Balance
$590,222
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,502,531

Purchase Details

Listed on
May 4, 2013
Closed on
Jul 3, 2013
Sold by
Johnson James Eldrid
Bought by
Rudnick Anya Lithgow
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Jenn Harrison
Compass
List Price
$1,093,000
Sold Price
$1,166,000
Premium/Discount to List
$73,000
6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,200
Outstanding Balance
$590,222
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,502,531

Purchase Details

Closed on
Aug 10, 2004
Sold by
Rudnick Anya
Bought by
Mathews Megan and Rudnick Pesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,445
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2003
Sold by
Hill Lucinda
Bought by
Rudnick Anya and Rudnick Pesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.35%

Purchase Details

Closed on
Nov 20, 2000
Sold by
Mazewski Fred
Bought by
Hill Lucinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.62%
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
Gorman Sean C $1,166,000 Fidelity National Title Co
Rudnick Anya Lithgow -- Fidelity National Title Co
Wright Pesha Rudnick -- Fidelity National Title Co
Mathews Megan -- Gateway Title
Rudnick Anya $500,000 Security Union Title
Hill Lucinda $280,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorman Sean C $816,200
Previous Owner Mathews Megan $510,445
Previous Owner Rudnick Anya $400,000
Previous Owner Hill Lucinda $224,000
Closed Rudnick Anya $100,000
Closed Mathews Megan $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2013 07/16/13 Sold $1,166,000 +6.7% $708 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
05/04/2013 05/04/13 For Sale $1,093,000 -- $664 / 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 $17,269 $1,449,743 $1,103,272 $346,471
2024 $17,269 $1,421,318 $1,081,640 $339,678
2023 $16,934 $1,393,450 $1,060,432 $333,018
2022 $16,145 $1,366,129 $1,039,640 $326,489
2021 $15,946 $1,339,343 $1,019,255 $320,088
2019 $15,465 $1,299,619 $989,024 $310,595
2018 $15,382 $1,274,137 $969,632 $304,505
2016 $14,713 $1,224,663 $931,981 $292,682
2015 $14,496 $1,206,268 $917,982 $288,286
2014 $14,338 $1,166,000 $900,000 $266,000
Source: Public Records

Agents Affiliated with this Home

  • Tamra Pardee

    Seller's Agent in 2013

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    231 in this area

    853 Total Sales

    Tamra Pardee
    Section Image
  • Jenn Harrison

    Buyer's Agent in 2013

    Jenn Harrison

    Compass

    (213) 842-4285

    17 Total Sales

    Jenn Harrison
    Section Image
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Map

Source: The MLS

MLS Number: 13-670171

The MLS

APN: 4239-012-030

California Los Angeles County Venice 90291 Venice

653 Broadway St, Venice, CA

Not Listed for Sale

MultiFamily

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