NOT LISTED FOR SALE

818 Pacific Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,255,000 - $2,543,447

5 Beds
3.5 Baths
2,400 Sq Ft
$1,019/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $1,870,000 $779 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $14,796/month

15 Days on Market

Highlights

  • City View
  • Balcony
  • Attached Carport
  • Venice High School Rated A
  • Parking Storage or Cabinetry
  • 3-minute walk to Westminster Dog Park

About This Home

As of April 2021

Two light and bright, "boho chic" unoccupied, newly updated, turn-key living spaces for the discerning homeowner and/or savvy investor! An enclosed oasis, one block from the ocean, 1.5 blocks from Abbot Kinney's coffee shops, dining and shopping and 1/2 mile to Main Street, Santa Monica. Live in one and generate income from the other. The property is surrounded by a new Ipe' wood wall creating curb appeal and privacy. Upper unit features a beautifully remodeled kitchen with quartz countertops open to the living area. Feel the ocean breeze from your west facing balcony, enjoy a large master bedroom with city views from your east facing balcony, an ensuite bath, 2 additional bedrooms, a second full bathroom and gorgeous wood floors throughout. Lower unit, freshly remodeled, sports wide plank oak wood floors, kitchen with white cabinets, soft close drawers and quartz countertops, sliding doors opening to a large terrace, two bedrooms and two bathrooms. Grab your surf board and catch a wa

Last Agent to Sell the Property

Anita Lischak

Berkshire Hathaway HomeServices California Properties License #02031743 Listed on: 03/09/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Natasha Gwilt

eXp Realty of California Inc License #01988779

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 2,321 Sq Ft Lot
  • West Facing Home

Home Design

  • Duplex

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • City Views
  • Security Lights

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Attached Carport
  • Parking Storage or Cabinetry
  • Garage Door Opener

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-014-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2400
  • Lot Acreage: 0.0530
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1969
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 3.50
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 728.75

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Built-In Storage, Carport Attached, Covered Parking, Door Opener
  • Total Parking: 3

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Radiant
  • Security: Exterior Security Lights
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 29.13
  • Assessed Improvement Value: 367516
  • Assessed Land Percent: 70.87
  • Assessed Land Value: 894294
  • Total Assessed Value: 1261810
  • Assessor Parcel Number: 4286-014-003
  • Geocode Override: No
  • Lot Size Area: 2321

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 2
  • Type Of Units: duplex

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2004
Sold by
Zeller Michael T
Bought by
818 Pacific Llc
Current Estimated Value
$2,446,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$360,771
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,085,341

Purchase Details

Closed on
Jun 16, 2004
Sold by
Zeller Jennifer Kim
Bought by
Zeller Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$360,771
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,085,341

Purchase Details

Closed on
Jun 15, 2004
Sold by
Mccluskey Patrick
Bought by
Zeller Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$360,771
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,085,341

Purchase Details

Closed on
Nov 4, 2003
Sold by
Gerhardt Fritz
Bought by
Mccluskey Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2001
Sold by
Gerhardt Fritz
Bought by
Gerhardt Fritz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.5%
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
818 Pacific Llc -- --
Zeller Michael T -- First American Title Co
Zeller Michael T $1,030,000 First American Title Co
Mccluskey Patrick $825,000 Fidelity
Mccluskey Patrick $825,000 Fidelity
Mccluskey Patrick $825,000 Fidelity
Gerhardt Fritz -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeller Michael T $750,000
Previous Owner Mccluskey Patrick $650,000
Previous Owner Gerhardt Fritz $260,000
Closed Mccluskey Patrick $108,000
Closed Mccluskey Patrick $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $1,870,000 +6.9% $779 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $1,749,000 0.0% $729 / Sq Ft
08/22/2014 08/22/14 Rented $4,500 -7.2% --
08/22/2014 08/22/14 Under Contract -- -- --
07/09/2014 07/09/14 For Rent $4,850 -- --
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 $24,059 $2,024,145 $1,619,317 $404,828
2024 $24,059 $1,984,457 $1,587,566 $396,891
2023 $23,590 $1,945,547 $1,556,438 $389,109
2022 $22,487 $1,907,400 $1,525,920 $381,480
2021 $16,215 $1,352,911 $958,861 $394,050
2020 $16,383 $1,339,040 $949,030 $390,010
2019 $15,729 $1,312,785 $930,422 $382,363
2018 $15,664 $1,287,045 $912,179 $374,866
2017 $15,324 $1,261,810 $894,294 $367,516
2016 $14,978 $1,237,069 $876,759 $360,310
2015 $14,759 $1,218,488 $863,590 $354,898
2014 $14,809 $1,194,621 $846,674 $347,947
Source: Public Records

Agents Affiliated with this Home

  • Anita Lischak

    Seller's Agent in 2021

    Anita Lischak

    Berkshire Hathaway HomeServices California Properties

    (310) 210-2307

    2 in this area

    17 Total Sales

    Anita Lischak
    Section Image
  • Natasha Gwilt

    Buyer's Agent in 2021

    Natasha Gwilt

    eXp Realty of California Inc

    (424) 408-1868

    2 in this area

    99 Total Sales

    Natasha Gwilt
    Section Image

  • D

    Seller's Agent in 2014

    Diane Herlofsky

    Element RE, Inc

    (310) 441-0111

    3 Total Sales

    Diane Herlofsky
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2014

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    231 in this area

    855 Total Sales

    Tamra Pardee
    Section Image
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Map

Source: The MLS

MLS Number: 21-699894

The MLS

APN: 4286-014-003

California Los Angeles County Venice 90291 Venice

818 Pacific Ave, Venice, CA

Not Listed for Sale

MultiFamily

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