NOT LISTED FOR SALE

Estimated Value: $2,990,000 - $3,882,000

3 Beds
3 Baths
2,544 Sq Ft
$1,350/Sq Ft Est. Value

Last Sold July 27, 2017

Last sale price $2,200,000 $865 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $18,974/month

37 Days on Market

Highlights

  • Double Vanity
  • 4 Car Garage
  • 5-minute walk to Oakwood Park
  • Broadway Elementary Rated A
  • 1-Story Property

About This Home

As of July 2017

Amazing Venice Income Property. A rare opportunity to own a unique Venice Income Property with 2 Single Family Homes on the lot. Live in one and rent the other. Main home built in 2004 is a stunning steel & glass architectural designed by Kevin Mulcahy. Soaring ceilings, views, this loft style property can be great for live-work. Second home built in 1930 ( 2 bed/ 1 bath) is the quintessential artistic Venice bungalow. Both homes have been published in the LA Times. Both homes will be delivered vacant. Situated on one of the best streets west of Lincoln ( many new properties currently being built). Blocks away from restaurants and shops on Rose and Abbot Kinney restaurants on Rose and Abbot Kinney.

Last Agent to Sell the Property

Sharon Elise Gavin

Compass License #01395838 Listed on: 05/08/2017

Compass

Last Buyer's Agent

Carolynn Cozen

Sotheby's International Realty License #01875180

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 5,148 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • Split Level Home

Interior Spaces

  • 2,544 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms
  • Double Vanity

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-007-011

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 2544
  • Stories: 1
  • Year Built: 2004
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Common Walls: None
  • Bathroom Features: Double Vanity(s)
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 903.69

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Combination

Lot Info

  • Assessor Parcel Number: 4239-007-011
  • Geocode Override: No
  • Lot Size Area: 5148

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: SFR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 12, 2017
Sold by
Schroff Peter
Bought by
Large Carl and The Omega Lightning Trust
Seller's Agent
Sharon Elise Gavin
Compass
Buyer's Agent
Carolynn Cozen
Sotheby's International Realty
List Price
$2,495,000
Sold Price
$2,200,000
Premium/Discount to List
-$295,000
-11.82%
Current Estimated Value
$3,153,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$953,321
Avg. Annual Appreciation
5.39%
Source: Public Records
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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
Large Carl $2,200,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2017 07/27/17 Sold $2,200,000 -4.3% $865 / Sq Ft
06/09/2017 06/09/17 Price Changed $2,299,000 -7.9% $904 / Sq Ft
05/31/2017 05/31/17 For Sale $2,495,000 +13.4% $981 / Sq Ft
05/30/2017 05/30/17 Off Market $2,200,000 -- --
05/16/2017 05/16/17 Price Changed $2,495,000 -3.9% $981 / Sq Ft
05/08/2017 05/08/17 For Sale $2,595,000 -- $1,020 / 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 $29,822 $2,503,220 $1,820,524 $682,696
2024 $29,822 $2,454,138 $1,784,828 $669,310
2023 $29,242 $2,406,019 $1,749,832 $656,187
2022 $27,875 $2,358,843 $1,715,522 $643,321
2021 $27,536 $2,312,592 $1,681,885 $630,707
2020 $27,824 $2,288,880 $1,664,640 $624,240
2019 $26,706 $2,244,000 $1,632,000 $612,000
2018 $26,595 $2,200,000 $1,600,000 $600,000
2016 $8,009 $658,742 $302,770 $355,972
2015 $7,892 $648,848 $298,223 $350,625
2014 $7,926 $636,139 $292,382 $343,757
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-228916

The MLS

APN: 4239-007-011