NOT LISTED FOR SALE

671 Broadway St Venice, CA 90291

Venice Neighborhood
5 Beds
5 Baths
2,400 Sq Ft
5,714 Sq Ft Lot

Last Sold June 15, 2016

Last sale price $1,800,000 $750 Per Sq Ft

39 Days on Market

About This Home

As of June 2016

The subject property is a bungalow style five unit apartment building, all units are one bedroom one bath. There are three structures: three stand alone houses and one duplex. Situated on a 5,714-square foot lot zoned LARD1.5 built in 1921. This property has development potential. There is a white picket fence surrounding the property. All units have front and back doors and are separately metered for gas and electric and have individual water heaters. The front bungalow has it's own private front yard. Located in the Oakwood area of Venice, a beach side community, just blocks from the Pacific Ocean and the world famous Venice Boardwalk and is within walking distance to the trendy retail and restaurant area on Abbot Kinney Blvd. Abbot Kinney is labeled as "the coolest block in America". Abbot Kinney is now the hottest block that global brands want to be located to. Disclaimer: Buyer to conduct their own investigations regarding the square footage of the property.

Last Agent to Sell the Property

Earle Hyman

Marcus & Millichap License #00803521 Listed on: 01/25/2016

Last Buyer's Agent

Earle Hyman

Marcus & Millichap License #00803521 Listed on: 01/25/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,714

Home Design

  • 2,400 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Disposal
  • 5,714 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-012-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2400
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 750.00

Exterior Features

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

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 31951
  • Assessed Land Value: 358711
  • Assessor Parcel Number: 4239-012-027
  • Geocode Override: No
  • Lot Size Area: 5714

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 20.66
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: Apartments

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/15/2016 06/15/16 Sold $1,800,000 0.0% $750 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $1,800,000 -- $750 / 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 $25,862 $2,130,829 $2,012,452 $118,377
2024 $25,862 $2,089,049 $1,972,993 $116,056
2023 $25,368 $2,048,088 $1,934,307 $113,781
2022 $24,204 $2,007,930 $1,896,380 $111,550
2021 $23,915 $1,968,560 $1,859,197 $109,363
2020 $24,161 $1,948,376 $1,840,134 $108,242
2019 $23,209 $1,910,173 $1,804,053 $106,120
2018 $23,115 $1,872,720 $1,768,680 $104,040
2016 $5,361 $396,619 $364,181 $32,438
2015 $5,291 $390,662 $358,711 $31,951
2014 $5,341 $383,011 $351,685 $31,326
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Earle Hyman

    Marcus & Millichap

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Map

Source: The MLS

MLS Number: 16-975153

The MLS
California Los Angeles County Venice 90291 Venice

671 Broadway St, Venice, CA

Not Listed for Sale

MultiFamily

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