NOT LISTED FOR SALE

Estimated Value: $3,076,000 - $4,574,000

8 Beds
3 Baths
2,903 Sq Ft
$1,386/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $3,120,000 $1,075 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $24,296/month

188 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Air Conditioning
  • Venice High School Rated A
  • Bathtub with Shower
  • Laundry Room

About This Home

As of May 2022

Delivered VACANT at the close of escrow, and reimagined in 2019, this Triplex boasts three immaculately renovated units including one stand-alone 2 bed/1 bath craftsman bungalow and two large 3 bed/1bath units, each with in-unit laundry and a fully private, beautifully landscaped, courtyard garden. Fully turnkey, with a walk score of 89 and located in the center of the vibrant and creative Rose Corridor, this triplex has tremendous upside potential and the location cannot be beat -- close to the beach, Abbot Kinney, Main Street, and Lincoln Blvd. Refined design with the vibe and convenience of Venice living, a must see for any owner/user or investor! Plans for brand new ADU addition + expansion to front house available upon request and most of the furniture will be included in the sale.

Last Agent to Sell the Property

Tyler Kunkle

Pardee Properties License #01965642 Listed on: 09/30/2021

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Tyler Kunkle

Halton Pardee and Partners, Inc. License #01965642

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,670 Sq Ft Lot
  • Gated Home
  • Property is zoned LARD1.5

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,903 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Remodeled Bathroom
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Driveway

Utilities

  • Air Conditioning
  • Heating Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-002-026

Home Details

Home Type

Single Family

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 2903
  • Lot Acreage: 0.1302
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Built-In Gas, Cooktop - Gas, Range, Range Hood, Microwave, Oven
  • Bedrooms: 8
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Remodeled
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Inside, Laundry Area, Room
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Hood Fan, Microwave, Washer, Ice Maker
  • Price Per S Q F T: 1066.14

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Combination, Electric
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 29.92
  • Assessed Improvement Value: 800000
  • Assessed Land Percent: 70.08
  • Assessed Land Value: 1874000
  • Total Assessed Value: 2674000
  • Assessor Parcel Number: 4239-002-026
  • Lot Size Area: 5670

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.50
  • Number Of Units: 3
  • Type Of Units: Triplex

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
Jun 21, 2019
Sold by
Aeries Opportunity Partners Llc
Bought by
Ritter Ward B and Ritter Carol S
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,993,000
Sold Price
$2,674,500
Premium/Discount to List
-$318,500
-10.64%
Current Estimated Value
$4,022,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,347,833
Avg. Annual Appreciation
6.50%
Original Mortgage
$2,000,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 16, 2015
Closed on
Oct 29, 2015
Sold by
Ceasar Linda Mae and Linda Mac Ceasar Family Trust
Bought by
Aeries Opportunity Partners Llc
Seller's Agent
Bobbi Debarge
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,300,000
Sold Price
$2,200,000
Premium/Discount to List
-$100,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$1,540,000
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2010
Sold by
West Coast Beach Enterprises Llc
Bought by
Ceasar Linda Mae and Linda Mae Ceasar Family Trust

Purchase Details

Closed on
Aug 24, 2006
Sold by
Ceasar Linda Mae and Linda Mae Ceasar Family Trust
Bought by
West Coast Beach Enterprises Llc

Purchase Details

Closed on
Dec 5, 2002
Sold by
Ceasar Linda and Ceasar Linda Mae
Bought by
The Linda Mae Ceasar Family Trust

Purchase Details

Closed on
Feb 15, 1994
Sold by
Berman Linda Mae
Bought by
Ceasar Linda Mae
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
Ritter Ward B $2,674,500 Fidelity National Title Co
Aeries Opportunity Partners Llc $2,200,000 Fidelity Sherman Oaks
Ceasar Linda Mae -- None Available
West Coast Beach Enterprises Llc -- None Available
The Linda Mae Ceasar Family Trust -- --
Ceasar Linda Mae -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ritter Ward B $2,000,000
Previous Owner Aeries Opportunity Partners Llc $1,540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2022 05/10/22 Sold $3,120,000 +0.8% $1,075 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
09/30/2021 09/30/21 For Sale $3,095,000 +15.7% $1,066 / Sq Ft
07/02/2019 07/02/19 Sold $2,674,500 -4.2% $921 / Sq Ft View Prior Sale
05/24/2019 05/24/19 Pending -- -- --
04/25/2019 04/25/19 Price Changed $2,793,000 -2.5% $962 / Sq Ft
03/14/2019 03/14/19 Price Changed $2,865,000 -4.3% $987 / Sq Ft
01/17/2019 01/17/19 For Sale $2,993,000 +36.0% $1,031 / Sq Ft
11/10/2015 11/10/15 Sold $2,200,000 -4.3% $758 / Sq Ft View Prior Sale
08/26/2015 08/26/15 Pending -- -- --
06/16/2015 06/16/15 For Sale $2,300,000 -- $792 / 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 $39,406 $3,310,968 $2,971,382 $339,586
2024 $39,406 $3,246,048 $2,913,120 $332,928
2023 $38,637 $3,182,400 $2,856,000 $326,400
2022 $32,502 $2,755,735 $1,931,282 $824,453
2021 $32,109 $2,701,702 $1,893,414 $808,288
2020 $32,528 $2,674,000 $1,874,000 $800,000
2019 $3,666 $2,334,657 $1,804,053 $530,604
2018 $27,717 $2,288,880 $1,768,680 $520,200
2016 $26,518 $2,200,000 $1,700,000 $500,000
2015 $1,174 $73,480 $22,721 $50,759
2014 $1,201 $72,041 $22,276 $49,765
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-789406

The MLS

APN: 4239-002-026