$4,850,000
SOLD MAY 31, 2017
7 Beds
7 Baths
3,150 Sq Ft
6,100 Sq Ft Lot

Recently Sold

$1,540 Per Sq Ft

12% Below List Price

215 Days on Market

Highlights

  • Tandem Parking
  • Central Heating and Cooling System
  • 4-minute walk to Oakwood Park
  • Broadway Elementary Rated A-
  • Ceiling Fan

About This Home

As of August 2023

Beautifully enclosed in a Redwood & stucco shell, designed by famed local architect Robert Thibodeau, this amazing 6,100 sq.ft. dwelling group offers a rare opportunity to own a unique Venice residential complex. It is an exceptional investment opportunity! Live in one & rent one, rent both out at prime market rent or use the whole property as your extended family's beach home! Fabulous layouts for entertaining, w/Steel beams that span both wood-trimmed 1300+ sq.ft, airy Great Rooms. The custom built Euro-style chef's kitchens feature granite islands, 4 ovens, 48" stove & 48 " fridge, & enormous pantry space. Total of 7 beds & 7 baths. 600+ sq.ft. master suites in each unit incl. walk-in closets. Other key features are too immense; Roof terraces, equipped w/large fire pits & built-in seating. 4 car garage. Property is currently situated on one large lot, consisting of two APN #'s & this purchase would be for both, for which condo applications have been filed. May be sold separately

Last Agent to Sell the Property

Penny Muck

Pardee Properties License #01820065 Listed on: 10/07/2016

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Rachel Etherington

Hilton & Hyland License #02012926

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,187

Year Built

  • Built in 2016

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Alarm System

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Tandem Parking

Additional Features

  • 6,100 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,187

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Stories: 3
  • Year Built: 2016
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Alarm System, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer

Exterior Features

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

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car, Tandem
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Geocode Override: No
  • Lot Size Area: 6100

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Income
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jul 6, 2023
Sold by
659 & 661 Broadway Street Gp
Bought by
Beit Susu Trust and Fulton
Seller's Agent
Joseph Cilic
Sotheby's International Realty
Buyer's Agent
Britta Diaz
Berkshire Hathaway HomeServices California Properties
List Price
$2,400,000
Sold Price
$2,405,000
Premium/Discount to List
$5,000
0.21%
Views
203
Current Estimated Value
$2,510,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,180
Avg. Annual Appreciation
3.88%
Original Mortgage
$1,924,000
Outstanding Balance
$1,881,245
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$713,981
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,405,000 Usa National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,924,000 New Conventional
Previous Owner $1,500,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2023 08/10/23 Sold $2,405,000 +0.2% $824 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $2,400,000 -50.5% $822 / Sq Ft
05/31/2017 05/31/17 Sold $4,850,000 -8.9% $1,540 / Sq Ft
04/20/2017 04/20/17 Price Changed $5,325,000 -3.2% $1,690 / Sq Ft
10/07/2016 10/07/16 For Sale $5,500,000 -- $1,746 / 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 $29,187 $2,453,100 $1,561,824 $891,276
2024 $29,187 $2,405,000 $1,531,200 $873,800
2023 $31,245 $2,576,846 $1,288,423 $1,288,423
2022 $29,781 $2,526,320 $1,263,160 $1,263,160
2021 $29,418 $2,476,786 $1,238,393 $1,238,393
2019 $28,529 $2,403,324 $1,201,662 $1,201,662
2018 $28,438 $2,356,200 $1,178,100 $1,178,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-169508

The MLS

APN: 4239-012-050