NOT LISTED FOR SALE

Estimated Value: $2,487,000 - $3,118,000

5 Beds
2 Baths
1,968 Sq Ft
$1,389/Sq Ft Est. Value

Last Sold October 11, 2017

Last sale price $2,000,000 $1,016 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $17,537/month

55 Days on Market

Highlights

  • Wood Flooring
  • Broadway Elementary Rated A-
  • 1-Story Property

About This Home

As of October 2017

Nestled right off famed Abbot Kinney Blvd and on one of the best streets in Venice, Palms, sits a sweet original one story, well-maintained duplex on a sizeable lot. The front unit consists of 2 bedrooms and 1 bathroom, while the back unit has 3 bedrooms and 1 bathroom. Situated on over 5,200 sq. ft. lot with a 2-car garage and enclosed carport. Surrounded by a beautiful new wood fence is a lawn with plenty of space for recreation for the front unit, and a quaint vegetable garden and patio space in the rear for the back unit. Great for owner/user with one vacant unit available or rental income for investor.

Last Agent to Sell the Property

Penny Muck

Pardee Properties License #01820065 Listed on: 06/21/2017

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Coleman Eisner

Berkshire Hathaway HomeServices California Properties License #01326482

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,047

Year Built

  • Built in 1949

Lot Details

  • 5,299

Home Design

  • Duplex

Interior Spaces

  • 1,968 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Carport

Additional Features

  • 5,299 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4241-015-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,047

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1968
  • Stories: 1
  • Year Built: 1949
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Linoleum
  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 1089.94

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Carport, Garage - 2 Car
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 25865
  • Assessed Land Value: 37252
  • Assessor Parcel Number: 4241-015-022
  • Geocode Override: No
  • Lot Size Area: 5299

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 20, 2017
Sold by
Stern John R
Bought by
Holzman Eli and Holzman Mary Stephanie
Seller's Agent
Penny Muck
Pardee Properties
Buyer's Agent
Coleman Eisner
Berkshire Hathaway HomeServices California Properties
List Price
$2,245,000
Sold Price
$2,000,000
Premium/Discount to List
-$245,000
-10.91%
Total Days on Market
55
Current Estimated Value
$2,791,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,377
Avg. Annual Appreciation
4.31%
Original Mortgage
$1,100,000
Interest Rate
3.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 9, 2008
Sold by
Stern Joan L
Bought by
Stern John R

Purchase Details

Closed on
Mar 16, 2007
Sold by
Stern Joan and Leggett Family Trust
Bought by
Stern Joan

Purchase Details

Closed on
Feb 14, 2007
Sold by
Revocable Living Trust Of Lena G Leggett
Bought by
Stern Joan

Purchase Details

Closed on
Jan 30, 2006
Sold by
Leggett Lena G
Bought by
Leggett Lena G

Purchase Details

Closed on
Nov 11, 1994
Sold by
Leggett Lena G
Bought by
Leggett Lena G and Leggett Family Trust
Source: Public Records

Range of Values:

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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
Holzman Eli $2,000,000 Fidelity National Title Co
Stern John R -- None Available
Stern Joan -- None Available
Stern Joan -- None Available
Leggett Lena G -- None Available
Stern Joan L -- None Available
Leggett Lena G -- None Available
Leggett Lena G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holzman Eli $1,100,000
Previous Owner Stern John R $75,550
Previous Owner Leggett Lena G $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2017 10/11/17 Sold $2,000,000 -6.8% $1,016 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
07/19/2017 07/19/17 Price Changed $2,145,000 -4.5% $1,090 / Sq Ft
06/21/2017 06/21/17 For Sale $2,245,000 -- $1,141 / 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 $27,047 $2,723,261 $1,877,416 $845,845
2024 $27,047 $2,231,034 $1,840,604 $390,430
2023 $26,520 $2,187,289 $1,804,514 $382,775
2022 $25,277 $2,144,402 $1,769,132 $375,270
2021 $24,973 $2,102,356 $1,734,444 $367,912
2019 $24,219 $2,040,000 $1,683,000 $357,000
2018 $24,119 $2,000,000 $1,650,000 $350,000
2016 $921 $63,117 $37,252 $25,865
2015 $910 $62,170 $36,693 $25,477
2014 $929 $60,953 $35,975 $24,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-244024

The MLS

APN: 4241-015-022