$1,250,000
SOLD DEC 28, 2012
-- Bed
-- Bath
2,310 Sq Ft
10,410 Sq Ft Lot

Recently Sold

$541 Per Sq Ft

11% Below List Price

24 Days on Market

Highlights

  • 10,410 Sq Ft lot
  • 6 Car Detached Garage
  • 1-Story Property
  • Broadway Elementary Rated A-
  • Bungalow
  • 3-minute walk to Oakwood Park

About This Home

As of December 2012

Classic Venice bungalow multi-unit on nearly an 11,000 sq.ft. lot west of Lincoln! This 5 unit property (3 units currently occupied) has a ton of development potential and is located on the best block of Brooks currently being developed! Keep it as your own investment & rent it out or fix it up and convert & build as a your own residence and compound of your dreams! Detached garage with room for 4 cars. Fabulous location, seconds to Abbot Kinney & the beach. A rare gem that doesn't come up often, the possibilities are endless - THIS IS IT!!!!! See private remarks.

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/12/2012

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/12/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,942

Year Built

  • Built in 1910

Lot Details

  • 10,410 Sq Ft Lot

Home Design

  • Bungalow

Interior Spaces

  • 2,310 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Car Detached Garage
  • Uncovered Parking

Utilities

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

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 4239-013-028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,942

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 2310
  • Stories: 1
  • Year Built: 1910
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 605.19

Exterior Features

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

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Detached, Garage, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 19584
  • Assessed Land Value: 36154
  • Assessor Parcel Number: 4239-013-028
  • Lot Size Area: 10410

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Number Of Units: 5
  • Total Annual Expense: 0
  • Type Of Units: One Bedroom
  • Vacancy Rate: 60%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2012
Closed on
Dec 14, 2012
Sold by
Dbb-Cci Investments Llc
Bought by
Lighthouse Brooks Llc
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$1,398,000
Sold Price
$1,250,000
Premium/Discount to List
-$148,000
-10.59%
Current Estimated Value
$2,318,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,068,333
Avg. Annual Appreciation
5.00%
Original Mortgage
$850,000
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2012
Sold by
Breslin David
Bought by
Dbb Cci Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $1,250,012 Fidelity National Title Co
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,430,000 Future Advance Clause Open End Mortgage
Closed $4,940,000 Construction
Closed $850,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2019 01/23/19 Rented $8,500 -15.0% --
11/27/2018 11/27/18 Price Changed $9,995 -9.1% $5 / Sq Ft
11/05/2018 11/05/18 For Rent $10,995 0.0% --
12/28/2012 12/28/12 Sold $1,250,000 -10.6% $541 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $1,398,000 -- $605 / 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 $13,942 $1,136,533 $413,679 $722,854
2024 $13,942 $1,114,249 $405,568 $708,681
2023 $13,681 $1,092,402 $397,616 $694,786
2022 $13,059 $1,070,983 $389,820 $681,163
2021 $12,897 $1,049,984 $382,177 $667,807
2019 $155 $1,031,803 $370,843 $660,960
2018 $4,781 $363,572 $363,572 $0
2016 $4,243 $349,455 $349,455 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-587457

The MLS

APN: 4239-013-043