NOT LISTED FOR SALE

720 Hampton Dr Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,736,000 - $3,855,000

4 Beds
2 Baths
2,272 Sq Ft
$1,050/Sq Ft Est. Value

Last Sold April 23, 2019

Last sale price $3,600,000 $1,585 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $15,103/month

37 Days on Market

Highlights

  • Side by Side Parking
  • Cooling Available
  • 1-Story Property
  • Venice High School Rated A
  • Heating Available

About This Home

As of April 2019

718-720 Hampton Drive (Sold Together APN: 4286-008-009 and 4286-008-010). Zoned LAC2, this Venice Beach Compound is only two blocks from one of the most stylish streets on the West Side - Abbott Kinney. ONLY four blocks from the world famous Venice Beach Boardwalk and close proximity to the Google offices and the rest of Silicon Beach's prominent tech companies. With this Mixed-Use Corner Lot Property, you have the best of both worlds! You have an amazing opportunity to build both Commercial and Residential units while collecting during your Entitlement period - $18,000/per month from the current tenants! Based on Highest and Best Use report - there is the potential to build up to 11,453 sqft : 5,100 sqft of Commercial and 6,343 sqft of Residential. The property currently has 2 commercial office tenants occupying the two freestanding buildings (remodeled in 2016) and has 7 parking spaces.This PRIME Development Opportunity is Perfect for Developers, Investors or Owner-User.

Last Agent to Sell the Property

Taunee English

Lions Realty Group License #01475921 Listed on: 01/03/2019

Last Buyer's Agent

Tracey Becker

Compass License #01975821

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,875 Sq Ft Lot

Interior Spaces

  • 2,272 Sq Ft Home
  • 1-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 7 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-008-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: 718-720 Hampton Drive (Sold Together APN: 4286-008-009 and 4286-008-010). Zoned LAC2, this Venice Beach Compound is only two blocks from one of the most stylish streets on the West Side - Abbott Kinney. ONLY four blocks from the world famous Venice Beach Boardwalk and close proximity to the Google offices and the rest of Silicon Beach's prominent tech companies. With this Mixed-Use Corner Lot Property, you have the best of both worlds! You have an amazing opportunity to build both Commercial and Residential units while collecting $18,000/per month from the current tenants!Based on Highest and Best Use report - there is the potential to build up to 11,453 sqft : 5,100 sqft of Commercial and 6,343 sqft of Residential. This PRIME Development Opportunity is Perfect for Developers, Investors or Owner-User to own during the Entitlement period. The property currently has 2 commercial office tenants occupying the two freestanding buildings (remodeled in 2016) that has 7 parking spaces.
  • Living Area: 2272
  • Lot Dimensions: A0.135
  • Stories: 1
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher
  • Price Per S Q F T: 1628.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Parking Space, Side By Side, Uncovered
  • Total Parking: 7

Utilities

  • Cooling: Electric
  • Heating: Electric

Fee Information

  • Insurance Expense: 6898.00
  • Maintenance Expense: 250.00
  • Other Expense: 208.00

Lot Info

  • Assessed Improvement Percent: 15.00
  • Assessed Improvement Value: 304373
  • Assessed Land Percent: 85
  • Assessed Land Value: 1697945
  • Total Assessed Value: 2002318
  • Assessor Parcel Number: 4286-008-010
  • Geocode Override: No
  • Lot Size Area: 5875

Rental Info

  • Monthly Gross Income: 18000.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.44
  • Gross Scheduled Income: 217920.00
  • Number Of Units: 2
  • Type Of Units: Open Space

Tax Info

  • Tax Expense: 28020.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2019
Closed on
Mar 28, 2019
Sold by
Larsson Gansevoort Llc
Bought by
Electric Bowery Llc
Seller's Agent
Taunee English
Lions Realty Group
Buyer's Agent
Tracey Becker
Compass
List Price
$3,800,000
Sold Price
$3,600,000
Premium/Discount to List
-$200,000
-5.26%
Current Estimated Value
$2,454,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,145,058
Avg. Annual Appreciation
-5.97%
Original Mortgage
$1,800,000
Outstanding Balance
$1,585,706
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$799,890

Purchase Details

Closed on
Apr 8, 2016
Sold by
Carbo Javier G and Medrano Dora
Bought by
Larsson/Gansevoort Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,375,000
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2006
Sold by
Gianni Angelo R and Gianni Jennifer P
Bought by
Medrano Dora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 8, 2003
Sold by
Gianni Angelo and Gianni Jennifer
Bought by
Gianni Angelo Raymond and Gianni Jennifer Paige

Purchase Details

Closed on
Jun 18, 2002
Sold by
Markman David A and The Leo Markman 1990 Trust
Bought by
Gianni Angelo R and Gianni Jennifer P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.52%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Electric Bowery Llc $3,600,000 North American Title Company
Larsson/Gansevoort Llc -- Fidelity National Title Co
Medrano Dora $792,500 Southland Title
Medrano Dora -- Southland Title
Gianni Angelo Raymond -- --
Gianni Angelo R $505,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Electric Bowery Llc $1,800,000
Previous Owner Larsson/Gansevoort Llc $2,375,000
Previous Owner Medrano Dora $79,000
Previous Owner Medrano Dora $633,993
Previous Owner Gianni Angelo R $350,000
Closed Gianni Angelo R $54,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2019 04/23/19 Sold $3,600,000 -2.7% $1,585 / Sq Ft
02/09/2019 02/09/19 Pending -- -- --
02/05/2019 02/05/19 Price Changed $3,700,000 -2.6% $1,629 / Sq Ft
01/03/2019 01/03/19 For Sale $3,800,000 -- $1,673 / 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 $26,890 $2,007,929 $1,784,828 $223,101
2024 $26,890 $1,968,559 $1,749,832 $218,727
2023 $26,294 $1,929,961 $1,715,522 $214,439
2022 $25,199 $1,892,120 $1,681,885 $210,235
2021 $24,937 $1,855,020 $1,648,907 $206,113
2019 $10,145 $951,820 $761,459 $190,361
2018 $14,107 $933,158 $746,529 $186,629
2016 $10,851 $896,925 $717,542 $179,383
2015 $10,692 $883,453 $706,764 $176,689
2014 $10,728 $866,148 $692,920 $173,228
Source: Public Records

Agents Affiliated with this Home

  • Taunee English

    Seller's Agent in 2019

    Taunee English

    Lions Realty Group

    (818) 679-6238

    1 in this area

    16 Total Sales

    Taunee English
    Section Image
  • Tracey Becker

    Buyer's Agent in 2019

    Tracey Becker

    Compass

    (310) 988-9766

    42 in this area

    102 Total Sales

    Tracey Becker
    Section Image
  • Tiffany Rochelle

    Buyer Co-Listing Agent in 2019

    Tiffany Rochelle

    Compass

    (310) 210-2213

    36 in this area

    74 Total Sales

    Tiffany Rochelle
    Section Image
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Map

Source: The MLS

MLS Number: 19-420144

The MLS

APN: 4286-008-010

California Los Angeles County Venice 90291 Venice

720 Hampton Dr, Venice, CA

Not Listed for Sale

MultiFamily

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