NOT LISTED FOR SALE

717 Sunset Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,000,636 - $2,933,000

3 Beds
2.5 Baths
1,915 Sq Ft
$1,251/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $1,730,000 $903 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $14,431/month

76 Days on Market

About This Home

As of June 2016

Quietly located on a tree-lined street, near unique, hip shops and restaurants, just moments away from the glassy, blue-green waters of the Pacific Ocean is 717 Sunset Avenue in Venice Beach, California. This fabulously flexible property sits on a 5,793ft lot and includes two move-in ready dwellings, as well as a separate rec room with powder room. The front tenant occupied unit is a 1 bed, 1 bath w/full kitchen, dining, living room, and private, fenced in yard. The back owner/user unit is a 2 bed, 1.75 bath, w/full kitchen, living and dining room, storage and French doors to deck and private, fenced backyard garden w/Jacuzzi. Both units enjoy newly finished original oak hardwood floors, new windows. Auto driveway gate w/parking for 3 cars. Great for single-family w/ potential for income property, Venice compound or development. Quiet and serene, a must-see and topper on your short list. Buyer is advised to conduct all of the due diligence with the city of L.A.

Last Agent to Sell the Property

Assaf Raz

Dogtown Realty License #01414907 Listed on: 01/17/2016

Last Buyer's Agent

Assaf Raz

Dogtown Realty License #01414907 Listed on: 01/17/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,791

Home Design

  • Duplex

Interior Spaces

  • 1,915 Sq Ft Home
  • Built-In Features
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • 5,791 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-017-061

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

5,791 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1915
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.50
  • Equipment: Built-Ins, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 932.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 89195
  • Assessed Land Value: 467087
  • Assessor Parcel Number: 4240-017-061
  • Geocode Override: No
  • Lot Size Area: 5791

Rental Info

  • Total Actual Rent: 29664.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.41
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2016
Closed on
Apr 27, 2016
Sold by
Hermosillo Oscar P
Bought by
Simon Jacob and Simon Teresa
Seller's Agent
Assaf Raz
Dogtown Realty
Buyer's Agent
Assaf Raz
Dogtown Realty
List Price
$1,875,000
Sold Price
$1,730,000
Premium/Discount to List
-$145,000
-7.73%
Current Estimated Value
$2,394,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,909
Avg. Annual Appreciation
3.42%
Original Mortgage
$1,384,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2003
Sold by
Hermosillo Oscar P
Bought by
Hermosillo Oscar P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
5.5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 16, 2001
Sold by
Hermosillo Christine N
Bought by
Hermosillo Oscar P

Purchase Details

Closed on
Mar 25, 2000
Sold by
Kahane Fred and Kahane Trust
Bought by
Hermosillo Oscar P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,900
Interest Rate
6.63%

Purchase Details

Closed on
Jul 17, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Ge Capital Mtg Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
7.83%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Ge Capital Mtg Services Inc
Bought by
Kahane Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
7.83%
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
Simon Jacob $1,730,000 Fidelity National Title Co
Hermosillo Oscar P -- Chicago Title Co
Hermosillo Oscar P -- Southland Title
Hermosillo Oscar P $431,000 Southland Title Company
Ge Capital Mtg Services Inc -- --
Kahane Fred $190,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simon Jacob $1,384,000
Previous Owner Hermosillo Oscar P $502,500
Previous Owner Hermosillo Oscar P $387,900
Previous Owner Kahane Fred $151,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2016 06/16/16 Sold $1,730,000 -7.7% $903 / Sq Ft
01/17/2016 01/17/16 For Sale $1,875,000 -- $979 / Sq Ft
Source: The MLS

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 $25,126 $2,113,758 $1,929,587 $184,171
2024 $25,126 $2,072,312 $1,891,752 $180,560
2023 $23,815 $1,968,440 $1,854,659 $113,781
2022 $22,700 $1,929,844 $1,818,294 $111,550
2021 $22,427 $1,892,005 $1,782,642 $109,363
2019 $21,749 $1,835,889 $1,729,769 $106,120
2018 $21,662 $1,799,892 $1,695,852 $104,040
2016 $6,844 $564,765 $474,210 $90,555
2015 $6,743 $556,282 $467,087 $89,195
2014 $6,775 $545,386 $457,938 $87,448
Source: Public Records

Agents Affiliated with this Home

  • Assaf Raz

    Seller's Agent in 2016

    Assaf Raz

    Dogtown Realty

    (310) 562-7429

    3 in this area

    3 Total Sales

    Assaf Raz
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Map

Source: The MLS

MLS Number: 16-972885

The MLS

APN: 4240-017-061

California Los Angeles County Venice 90291 Venice

717 Sunset Ave, Venice, CA

Not Listed for Sale

MultiFamily

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