$1,800,000
SOLD MAY 31, 2016
1 Bed
1 Bath
912 Sq Ft
6,753 Sq Ft Lot

Recently Sold

$1,974 Per Sq Ft

10% Below List Price

48 Days on Market

About This Home

As of May 2021

One of the larger lots in Venice beach 6 blocks from the beach. The seller removed the tenants by using the ellis act. The property will be sold in it's present as condition with current structures on the property. The property is zoned LARD1.5. Buyer to do any and all investigations on the property. The seller is selling at a very low price so the new buyer can do what ever they desire.

Last Agent to Sell the Property

Suminda Sellahewa

Avarnka Real Estate, Inc. License #01155576 Listed on: 04/01/2016

Last Buyer's Agent

Diana Braun

Compass License #01362342

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,345

Year Built

  • Built in 1911

Lot Details

  • 6,753 Sq Ft Lot

Parking

  • 2 Parking Spaces

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Assessor Parcel Number 4240-013-021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,345

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 912
  • Probate: No
  • Stories: 1
  • Year Built: 1911
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 2192.98

Exterior Features

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

Garage/Parking

  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 184429
  • Assessed Land Value: 737718
  • Assessor Parcel Number: 4240-013-021
  • Geocode Override: No
  • Lot Size Area: 6753

Rental Info

  • Land Lease Expiration Year: 2040
  • Rent Control: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Apr 20, 2021
Sold by
Sunset & 7Th Llc
Bought by
Lee John H and Lee Jin Hee
Seller's Agent
Diana Braun
Compass
Buyer's Agent
Sebastian Spader
Carolwood Estates
List Price
$1,799,000
Sold Price
$1,650,000
Premium/Discount to List
-$149,000
-8.28%
Current Estimated Value
$2,053,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,113
Avg. Annual Appreciation
5.25%

Purchase Details

Listed on
Apr 1, 2016
Closed on
Apr 25, 2016
Sold by
664 Sunset Llc
Bought by
Argyropoulos James P and Argyropoulos 2013 Irre Peter J
Seller's Agent
Suminda Sellahewa
Avarnka Real Estate, Inc.
Buyer's Agent
Diana Braun
Compass
List Price
$1,999,995
Sold Price
$1,800,000
Premium/Discount to List
-$199,995
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.75%

Purchase Details

Listed on
Mar 26, 2012
Closed on
Sep 6, 2012
Sold by
Marwa Sameer and Pangarkar Sanjog
Bought by
664 Sunset Llc
Seller's Agent
Valentina Prostakova
Keller Williams Realty Calabasas
Buyer's Agent
Suminda Sellahewa
Avarnka Real Estate, Inc.
List Price
$999,000
Sold Price
$900,000
Premium/Discount to List
-$99,000
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.73%

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jun 22, 2012
Sold by
Kurland Jeffrey
Bought by
Marwa Sameer and Pangarkar Sanjog
Seller's Agent
Valentina Prostakova
Keller Williams Realty Calabasas
Buyer's Agent
Suminda Sellahewa
Avarnka Real Estate, Inc.
List Price
$999,000
Sold Price
$900,000
Premium/Discount to List
-$99,000
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Phanucharas Noi and Phillips Jamie
Bought by
Kurland Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,250
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 23, 2003
Sold by
Phanucharas Noi
Bought by
Phanucharas Noi and Phillips Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 1996
Sold by
Phanucharas Tseten
Bought by
Phanucharas Noi
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 $1,650,000 First Amer Ttl Of Los Angele
Grant Deed $1,800,000 Old Republic Title Company
Quit Claim Deed -- None Available
Grant Deed $900,000 Fidelity National Title Co
Grant Deed -- Chicago Title Co
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $600,000 New Conventional
Previous Owner $630,000 New Conventional
Previous Owner $806,250 Negative Amortization
Previous Owner $300,000 Purchase Money Mortgage
Previous Owner $200,000 Unknown
Closed $161,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $1,650,000 -8.3% $1,809 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,799,000 -0.1% $1,973 / Sq Ft
05/31/2016 05/31/16 Sold $1,800,000 -10.0% $1,974 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $1,999,995 +122.2% $2,193 / Sq Ft
07/25/2012 07/25/12 Sold $900,000 -9.9% $987 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $999,000 -- $1,095 / 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 $21,345 $1,786,011 $1,731,890 $54,121
2024 $21,345 $1,750,992 $1,697,932 $53,060
2023 $20,931 $1,716,660 $1,664,640 $52,020
2022 $19,957 $1,683,000 $1,632,000 $51,000
2021 $23,008 $1,929,962 $1,876,353 $53,609
2020 $23,250 $1,910,174 $1,857,114 $53,060
2019 $22,316 $1,872,720 $1,820,700 $52,020
2018 $22,650 $1,872,720 $1,820,700 $52,020
2016 $11,388 $936,209 $748,968 $187,241
2015 $11,222 $922,147 $737,718 $184,429
2014 $11,266 $904,085 $723,268 $180,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-111652

The MLS

APN: 4240-013-021