NOT LISTED FOR SALE

817 Vernon Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,649,771 - $2,032,000

4 Beds
3 Baths
1,632 Sq Ft
$1,081/Sq Ft Est. Value

Last Sold November 05, 2024

Last sale price $1,605,000 $983 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,085/month

103 Days on Market

Highlights

  • Guest House
  • Contemporary Architecture
  • 1-Story Property
  • Broadway Elementary Rated A
  • Wood Flooring

About This Home

As of November 2024

What a fantastic investment opportunity in the heart of Venice....Rent them all and reap the rewards or live in one of the units and enjoy all that Venice has to offer, while also easing that monthly mortgage burden....It is a WIN, WIN either way...Walking distance to fabulous shopping, restaurants and nightlife on Lincoln Blvd, the up and coming Rose Avenue Corridor, as well as the hip and trendy Abbout Kinny Blvd....Don't miss out on this amazing investment opportunity, as it will not last long.

Last Agent to Sell the Property

Taylor Whitley

Coldwell Banker Realty License #01389196 Listed on: 06/13/2024

Coldwell Banker Realty

Last Buyer's Agent

Nalin Chheda

Coldwell Banker Envision License #00992263

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 4,802

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Home Design

  • Duplex
  • Contemporary Architecture

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Additional Features

  • 4,802 Sq Ft Lot
  • Guest House
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-016-058

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1632
  • Lot Acreage: 0.1102
  • Stories: 1
  • Year Built: 1952
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Laminate
  • Bedrooms: 4
  • Common Walls: Attached
  • Laundry: In Unit, Outside
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 980.33

Exterior Features

  • Other Structures: GuestHouse
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Parking Garage: Uncovered, Garage - 1 Car
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 28.47
  • Assessed Improvement Value: 245048
  • Assessed Land Percent: 71.53
  • Assessed Land Value: 615709
  • Total Assessed Value: 860757
  • Assessor Parcel Number: 4240-016-058
  • Lot Size Area: 4802

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.18
  • Number Of Units: 3
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Oct 7, 2024
Sold by
Pleeter Jill
Bought by
Chheda Somil and Patel Manasi
Seller's Agent
Taylor Whitley
Coldwell Banker Realty
Buyer's Agent
Nalin Chheda
Coldwell Banker Envision
List Price
$1,599,900
Sold Price
$1,605,000
Premium/Discount to List
$5,100
0.32%
Views
30
Current Estimated Value
$1,764,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,943
Avg. Annual Appreciation
8.10%
Original Mortgage
$1,280,800
Outstanding Balance
$1,264,716
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$500,227

Purchase Details

Closed on
May 3, 2011
Sold by
Soto Joe and Soto Betty
Bought by
Pleeter Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,391
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2005
Sold by
Soto Joseph Dennis and Soto Betty Marie
Bought by
Soto Joe

Purchase Details

Closed on
Apr 15, 2002
Sold by
Berryman James L and James L Berryman Living Trust
Bought by
Soto Joseph Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
7.13%

Purchase Details

Closed on
Feb 16, 2001
Sold by
Berryman James L and Berryman James
Bought by
Berryman James L and The James L Berryman Living Trust

Purchase Details

Closed on
Jul 19, 1994
Sold by
White Lucille and Oaks Samuel
Bought by
Berryman James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,870
Interest Rate
5.85%
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
Chheda Somil $1,601,000 Equity Title - Los Angeles
Pleeter Jill $699,000 Fidelity National Title Co
Soto Joe -- --
Soto Joseph Dennis $485,000 Southland Title
Berryman James L -- --
Berryman James $130,000 Southland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chheda Somil $1,280,800
Previous Owner Pleeter Jill $635,391
Previous Owner Soto Joseph Dennis $355,000
Previous Owner Berryman James $116,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2024 11/05/24 Sold $1,605,000 +0.3% $983 / Sq Ft
09/24/2024 09/24/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $1,599,900 -- $980 / 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 $10,818 $1,601,000 $1,361,000 $240,000
2024 $10,818 $877,971 $628,023 $249,948
2023 $10,613 $860,757 $615,709 $245,048
2022 $10,123 $843,881 $603,637 $240,244
2021 $9,995 $827,335 $591,801 $235,534
2019 $9,697 $802,798 $574,249 $228,549
2018 $9,630 $787,058 $562,990 $224,068
2016 $9,209 $756,497 $541,129 $215,368
2015 $9,074 $745,134 $533,001 $212,133
2014 $9,113 $730,539 $522,561 $207,978
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Taylor Whitley

    Coldwell Banker Realty

    (424) 280-7400

    2 in this area

    11 Total Sales

    Taylor Whitley
    Section Image

  • N

    Buyer's Agent in 2024

    Nalin Chheda

    Coldwell Banker Envision

    (949) 230-8813

    1 in this area

    1 Total Sale

    Nalin Chheda
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-403097

The MLS

APN: 4240-016-058

California Los Angeles County Venice 90291 Venice

817 Vernon Ave, Venice, CA

Not Listed for Sale

MultiFamily

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