NOT LISTED FOR SALE

Estimated Value: $1,929,000 - $3,081,326

3 Beds
3 Baths
2,300 Sq Ft
$1,086/Sq Ft Est. Value

Last Sold October 31, 2012

Last sale price $1,220,000 $530 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $14,550/month

33 Days on Market

Highlights

  • Cape Cod Architecture
  • Venice High School Rated A
  • Central Heating

About This Home

As of October 2012

Unique and charming Venice Cape Cod bungalow triplex. Great for an owner user or investor. Two structures on the lot, 3 units all separately metered, nicely maintained and include laundry and central heat. Each unit has its own private outdoor patio. Huge lot with ability to reconfigure outdoor space or add to add to existing structure(s). Rents slightly under market and can be maximized. Gated parking for 6 cars. Close to Main Street, Rose Avenue, Abbot Kinney and Venice's new tech corridor.

Last Agent to Sell the Property

Jeffrey Fritz

Compass License #01737570 Listed on: 09/21/2012

Compass

Co-Listed By

Laura Buffone

Compass License #01340657

Last Buyer's Agent

Ren Smith

Coldwell Banker Realty License #01329241

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 5,670 Sq Ft Lot

Home Design

  • Cape Cod Architecture
  • Composition Roof

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Utilities

  • Central Heating
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 4239-002-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Cape Cod
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2300
  • Stories: 2
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 576.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 6

Utilities

  • Heating: Central, Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 80712
  • Assessed Land Value: 461232
  • Assessor Parcel Number: 4239-002-027
  • Lot Size Area: 5670

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.33
  • Number Of Units: 3
  • Type Of Units: Cape Cod

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2012
Closed on
Oct 18, 2012
Sold by
Costecalde Guy
Bought by
Hammerness Lawrence K and Lawrence Karl Hammerness Trust
Seller's Agent
Jeffrey Fritz
Compass
Buyer's Agent
Ren Smith
Coldwell Banker Realty
List Price
$1,325,000
Sold Price
$1,220,000
Premium/Discount to List
-$105,000
-7.92%
Current Estimated Value
$2,496,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,276,832
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
Aug 22, 2003
Sold by
Costecalde Guy
Bought by
Costecalde Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2002
Sold by
555 Investments Llc
Bought by
Costecalde Guy

Purchase Details

Closed on
Nov 8, 2001
Sold by
Costecalde Guy
Bought by
555 Investments Llc

Purchase Details

Closed on
Oct 23, 2000
Sold by
Bankers Trust Company
Bought by
Costecalde Guy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,400
Interest Rate
7.86%

Purchase Details

Closed on
May 30, 2000
Sold by
Morales German and Mancia Esmeralda G
Bought by
Bankers Trust Company

Purchase Details

Closed on
Nov 16, 1999
Sold by
Morales German A and Mancia Esmeralda G
Bought by
Morales Juan R and Morales Gloria

Purchase Details

Closed on
May 19, 1999
Sold by
Vega Roberto C and Castro Lupita C
Bought by
Morales German and Mancia Esmeralda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.86%

Purchase Details

Closed on
May 13, 1999
Sold by
Dolezal Sharon L
Bought by
Vega Roberto C and Castro Lupita C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.86%
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
Hammerness Lawrence K $1,220,000 Equity Title Los Angeles
Costecalde Guy -- Financial Title Company
Costecalde Guy -- --
555 Investments Llc -- --
Costecalde Guy $342,000 First American Title Ins Co
Bankers Trust Company $234,000 First Southwestern Title
Morales Juan R -- --
Morales German $358,000 --
Vega Roberto C $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Costecalde Guy $588,500
Previous Owner Costecalde Guy $273,400
Previous Owner Morales German $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2012 10/31/12 Sold $1,220,000 -7.9% $530 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
09/21/2012 09/21/12 For Sale $1,325,000 -- $576 / 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 $18,083 $1,502,330 $1,231,423 $270,907
2024 $18,083 $1,472,874 $1,207,278 $265,596
2023 $17,736 $1,443,995 $1,183,606 $260,389
2022 $16,915 $1,415,683 $1,160,399 $255,284
2021 $16,705 $1,387,926 $1,137,647 $250,279
2020 $16,877 $1,373,695 $1,125,982 $247,713
2019 $16,206 $1,346,760 $1,103,904 $242,856
2018 $16,098 $1,320,354 $1,082,259 $238,095
2016 $15,398 $1,269,085 $1,040,235 $228,850
2015 $15,172 $1,250,023 $1,024,610 $225,413
2014 $15,232 $1,225,538 $1,004,540 $220,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-626207

The MLS

APN: 4239-002-027