D
Seller's Agent in 2019
Dan Kolodziejski
Clement Partners Real Estate
(310) 502-0600
1 Total Sale
705 Palms Blvd Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,929,000 - $3,418,000
7
Beds
4
Baths
3,088
Sq Ft
$1,038/Sq Ft
Est. Value
Highlights
- Central Heating
- 8 Car Garage
- 4-minute walk to Oakwood Park
- Broadway Elementary Rated A-
- 1-Story Property
About This Home
As of January 2019Prime Venice Beach duplex 2 blocks to Abbot Kinney Blvd and only 8 blocks to Venice Beach. Close to scores of great restaurants and shops. Top unit has 3 bedrooms and 2 bathrooms with potential rent of $6500 per month. Bottom unit has 4 bedrooms and 2 bathrooms with potential rent of $6500 per month. Two two-car garages plus additional onsite parking for 4 more cars (total 8 spaces). Fenced-in yard featuring front fence made of Brazilian hardwood, mature orange tree, vegetable garden, automatic watering system combining drip lines and sprinklers through out the property. Oak floor in the downstairs unit.Approx 3088 sq feet duplex ona 5403 sq ft lot. Both units to be delivered vacant.
Last Agent to Sell the Property
Clement Partners Real Estate License #00655202 Listed on: 07/11/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,839
Year Built
- Built in 1948
Lot Details
- 5,403
Parking
- 8 Car Garage
Home Design
- Duplex
Interior Spaces
- 3,088 Sq Ft Home
- 1-Story Property
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- 5,403 Sq Ft Lot
- Central Heating
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 4241-011-003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2018
Closed on
Dec 3, 2018
Sold by
Menaghan John Michael and John Michael Menaghan Trust
Bought by
Reid Brian Elwood and Reid Nina Maryse
Seller's Agent
Dan Kolodziejski
Clement Partners Real Estate
Buyer's Agent
Jerry Jaffe
Compass
List Price
$2,699,500
Sold Price
$2,400,000
Premium/Discount to List
-$299,500
-11.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$806,169
Avg. Annual Appreciation
4.49%
Original Mortgage
$1,999,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 21, 2017
Sold by
Menaghan John M
Bought by
Menaghan John Michael and The John Michael Menaghan Trust
Purchase Details
Closed on
Jan 7, 1999
Sold by
Shulkin Robert Jay
Bought by
Menaghan John M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.37%
Purchase Details
Closed on
Apr 23, 1997
Sold by
Miller Bernard J
Bought by
Shulkin Robert Jay and Herorn Shulkin Mari Lou
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reid Brian Elwood | $2,400,000 | Provident Title | |
| Menaghan John Michael | -- | None Available | |
| Menaghan John M | $450,000 | Progressive Title Company | |
| Shulkin Robert Jay | $335,000 | Progressive Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reid Brian Elwood | $2,040,000 | |
| Closed | Reid Brian Elwood | $2,040,000 | |
| Previous Owner | Reid Brian Elwood | $1,999,000 | |
| Previous Owner | Menaghan John M | $300,000 | |
| Previous Owner | Menaghan John M | $416,000 | |
| Previous Owner | Menaghan John M | $50,000 | |
| Previous Owner | Menaghan John M | $384,900 | |
| Previous Owner | Menaghan John M | $360,000 | |
| Previous Owner | Shulkin Robert Jay | $268,000 | |
| Closed | Shulkin Robert Jay | $29,500 | |
| Closed | Menaghan John M | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2019 01/25/19 | Sold | $2,400,000 | -2.6% | $777 / Sq Ft |
| 01/09/2019 01/09/19 | Pending | -- | -- | -- |
| 12/11/2018 12/11/18 | Price Changed | $2,463,000 | -0.8% | $798 / Sq Ft |
| 12/04/2018 12/04/18 | Price Changed | $2,483,000 | -4.5% | $804 / Sq Ft |
| 11/02/2018 11/02/18 | Price Changed | $2,599,999 | -3.7% | $842 / Sq Ft |
| 10/12/2018 10/12/18 | For Sale | $2,699,500 | 0.0% | $874 / Sq Ft |
| 10/12/2018 10/12/18 | Price Changed | $2,699,500 | +12.5% | $874 / Sq Ft |
| 10/11/2018 10/11/18 | Off Market | $2,400,000 | -- | -- |
| 09/24/2018 09/24/18 | Price Changed | $2,699,999 | -10.0% | $874 / Sq Ft |
| 07/11/2018 07/11/18 | For Sale | $2,999,999 | -- | $972 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $31,839 | $2,677,242 | $1,673,277 | $1,003,965 |
| 2024 | $31,839 | $2,624,748 | $1,640,468 | $984,280 |
| 2023 | $31,217 | $2,573,283 | $1,608,302 | $964,981 |
| 2022 | $29,755 | $2,522,827 | $1,576,767 | $946,060 |
| 2021 | $29,392 | $2,473,360 | $1,545,850 | $927,510 |
| 2019 | $7,665 | $632,404 | $379,444 | $252,960 |
| 2018 | $7,595 | $620,004 | $372,004 | $248,000 |
| 2016 | $7,236 | $595,930 | $357,559 | $238,371 |
| 2015 | $7,130 | $586,980 | $352,189 | $234,791 |
| 2014 | $7,163 | $575,483 | $345,291 | $230,192 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Kolodziejski
-
Jerry Jaffe
Buyer's Agent in 2019
Jerry Jaffe
Compass
(310) 403-4925
21 in this area
44 Total Sales
Map
Source: The MLS
MLS Number: 18-363394
APN: 4241-011-003
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