NOT LISTED FOR SALE

Estimated Value: $2,319,000 - $3,184,597

4 Beds
2 Baths
3,379 Sq Ft
$776/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $2,075,200 $614 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $16,451/month

39 Days on Market

Highlights

  • Dual Staircase
  • Living Room with Fireplace
  • 2 Car Detached Garage
  • Broadway Elementary Rated A-
  • Furnished
  • 3-minute walk to Oakwood Park

About This Home

As of November 2021

Step behind the enchanting stone walls for a one of a kind private artists enclave in prime Venice Beach location. The home has many details lovingly added by the current owner over the past 23 years. Artisan touches such as hand made tiles, stained glass windows, infinity ceiling, rounded walls, & original detailing are just a few of the details that add to the bohemian charm this property offers. Originally a single-family home now a duplex with a large studio unit upstairs (1458 +/- SF) & a 3-bedroom, 1-bathroom unit downstairs (1920 +/- SF). Two outdoor entertaining spaces, the oversized covered patio or upstairs deck & private backyard, enjoy the ocean breeze. There is a two car garage along with extra storage room. Wonderful investment opportunity as-is or an ideal project for an owner-user who would like to live the Venice Beach lifestyle close to the beach and make it their own. Potential to turn back into a single family home with a master suite upstairs.

Last Agent to Sell the Property

Michael Berlin

Redfin License #01299221 Listed on: 08/01/2021

Redfin

Last Buyer's Agent

Brett Raskin

Compass License #01912796

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,288

Year Built

  • Built in 1930

Lot Details

  • 5,196 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 3,379 Sq Ft Home
  • Furnished
  • Dual Staircase
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4239-024-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,288

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Step behind the enchanting stone walls for a one of a kind private artists enclave in prime Venice Beach location. The home has many details lovingly added by the current owner over the past 23 years. Artisan touches such as hand made tiles, stained glass windows, infinity ceiling, rounded walls, & original detailing are just a few of the details that add to the bohemian charm this property offers. Originally a single-family home now a duplex with a large studio unit upstairs (1458 +/- SF) & a 3-bedroom, 1-bathroom unit downstairs (1920 +/- SF). Two outdoor entertaining spaces, the oversized covered patio or upstairs deck & private backyard, enjoy the ocean breeze. There is a two car garage along with extra storage room. Wonderful investment opportunity as-is or an ideal project for an owner-user who would like to live the Venice Beach lifestyle close to the beach and make it their own
  • Alley: Yes
  • Living Area: 3379
  • Lot Acreage: 0.1193
  • Year Built: 1930
  • Number Of Photos: 53
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: 2 Staircases, Furnished
  • Fireplace Rooms: Living Room
  • Bedrooms: 4
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 643.68

Exterior Features

  • Other Structures: None
  • Patio: Covered
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Detached, Garage - 2 Car

Utilities

  • Heating: Forced Air
  • Sewer: In Street Paid
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 57.26
  • Assessed Improvement Value: 200862
  • Assessed Land Percent: 42.74
  • Assessed Land Value: 149958
  • Total Assessed Value: 350820
  • Assessor Parcel Number: 4239-024-028
  • Lot Location: Alley Access
  • Lot Size Area: 5196

Rental Info

  • Total Actual Rent: 100800.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.57
  • Number Of Units: 2
  • Rent Control: 100
  • Total Annual Expense: 32377
  • Type Of Units: 2
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2021
Closed on
Oct 29, 2021
Sold by
Forsman Scott C
Bought by
Brinck Waylon and Dudzyan Valentyna
Seller's Agent
Michael Berlin
Redfin
Buyer's Agent
Brett Raskin
Compass
List Price
$2,175,000
Sold Price
$2,075,200
Premium/Discount to List
-$99,800
-4.59%
Current Estimated Value
$2,622,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$546,949
Avg. Annual Appreciation
6.38%
Original Mortgage
$1,659,160
Outstanding Balance
$1,523,937
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$1,098,212

Purchase Details

Closed on
Aug 29, 2018
Sold by
Forsman Scott C
Bought by
Forsman Scott C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,225
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2009
Sold by
Forsman Scott C
Bought by
Forsman Scott C and Allred Forsman Bambi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2004
Sold by
Forsman Bambi Alfred
Bought by
Forsman Scott C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2004
Sold by
Favour Mollie
Bought by
Miller Bradley R and Favour Mollie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 1997
Sold by
Allen Felicia
Bought by
Forsman Scott and Allred Forsman Bambi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,750
Interest Rate
9.25%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Brinck Waylon $2,075,500 Lawyers Title Company
Forsman Scott C -- Chicago Title Company
Forsman Scott C -- North American Title Company
Forsman Scott C -- Commonwealth Land Title Co
Miller Bradley R -- --
Forsman Scott $255,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brinck Waylon $1,659,160
Previous Owner Forsman Scott C $870,225
Previous Owner Forsman Scott C $630,500
Previous Owner Forsman Scott C $672,000
Previous Owner Forsman Scott C $678,700
Previous Owner Forsman Scott C $700,000
Previous Owner Forsman Scott $300,000
Previous Owner Forsman Scott $230,000
Previous Owner Forsman Scott $216,750
Closed Forsman Scott $12,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $2,075,200 -4.6% $614 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $2,175,000 -- $644 / 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 $26,288 $2,202,218 $1,592,024 $610,194
2024 $26,288 $2,159,038 $1,560,808 $598,230
2023 $25,778 $2,116,704 $1,530,204 $586,500
2022 $24,574 $2,075,200 $1,500,200 $575,000
2021 $4,702 $376,147 $160,784 $215,363
2019 $4,564 $364,992 $156,016 $208,976
2018 $4,482 $357,836 $152,957 $204,879
2016 $4,260 $343,942 $147,018 $196,924
2015 $4,199 $338,777 $144,810 $193,967
2014 $4,224 $332,142 $141,974 $190,168
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-765456

The MLS

APN: 4239-024-028