NOT LISTED FOR SALE

825 Main St Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,719,914 - $2,059,000

2 Beds
2 Baths
972 Sq Ft
$1,903/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $1,400,000 $1,440 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,194/month

62 Days on Market

Highlights

  • 1-Story Property
  • Venice High School Rated A
  • 4-minute walk to Westminster Dog Park

About This Home

As of March 2018

This mid-century modern Venice duplex is a great opportunity for an owner/user, investor or developer who wants to get into the hot Venice real estate market. Front unit is a cute updated 1 BR with polished concrete floors, most recently used for short-term vacation rentals. Back unit is a cool open studio space w/ kitchen & bath, currently used as an architect's office. The units have separate entrances w/ off-street parking & alley access. It's a natural fit for an owner-user who wants to move right in & collect rental income, a family compound, live/work, weekend pied--terre, surf shack, or just a bread-and-butter investment w/ solid rents & huge future build potential. Building plans prepared by a prominent Venice firm for a 1900 sq. ft modern architectural home are available. Excellent location in the heart of Venice, seconds away from the excitement of Abbot Kinney, Main Street & Rose Avenue & just 2 blocks from Venice Beach!

Last Agent to Sell the Property

Alison Betts

Douglas Elliman of California, Inc. License #01392565 Listed on: 01/11/2018

Douglas Elliman of California, Inc.

Co-Listed By

Jerry Jaffe

Compass License #01326486

Last Buyer's Agent

David Fowler

Estate Properties License #01416501

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 1,702

Parking

  • 1 Parking Space

Home Design

  • Duplex

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 1-Story Property
  • 1,702 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4286-014-038

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Stories: 1
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Garbage Disposal, Range/Oven

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 1

Lot Info

  • Assessor Parcel Number: 4286-014-038
  • Geocode Override: No
  • Lot Size Area: 1702

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
Mar 2, 2018
Sold by
Guanuna Maria Angelica and Guanuna Farid
Bought by
Hill John and Hill Maria
Seller's Agent
Alison Betts
Douglas Elliman of California, Inc.
Buyer's Agent
David Fowler
Estate Properties
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,849,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,479
Avg. Annual Appreciation
3.61%
Original Mortgage
$1,128,000
Outstanding Balance
$951,743
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$897,736

Purchase Details

Closed on
Mar 10, 2017
Sold by
Guanuna Farid
Bought by
Guanuna Maria Angelica and Guanina Farid

Purchase Details

Closed on
Jul 14, 2015
Sold by
The Studio Llc
Bought by
Guanuna Farid

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
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 25, 2010
Sold by
Mcdaniel Charles H and Mcdaniel Ramsey Bieber
Bought by
The Studio Llc

Purchase Details

Closed on
Apr 30, 2008
Sold by
Talan Claude
Bought by
Mcdaniel Charles B and Mcdaniel Ramsey Bieber
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
Hill John $1,410,000 Lawyers Title
Guanuna Maria Angelica -- None Available
Guanuna Farid $1,100,000 Provident Title
The Studio Llc -- None Available
Mcdaniel Charles B $680,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill John $1,128,000
Previous Owner Guanuna Farid $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2018 03/27/18 Sold $1,400,000 0.0% $1,440 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $1,400,000 -- $1,440 / 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 $19,074 $1,604,335 $1,365,393 $238,942
2024 $19,074 $1,572,878 $1,338,621 $234,257
2023 $18,703 $1,542,038 $1,312,374 $229,664
2022 $17,828 $1,511,803 $1,286,642 $225,161
2021 $17,616 $1,482,161 $1,261,414 $220,747
2019 $17,084 $1,438,200 $1,224,000 $214,200
2018 $13,855 $1,144,440 $936,360 $208,080
2016 $13,263 $1,100,000 $900,000 $200,000
2015 $9,012 $743,176 $519,132 $224,044
2014 $9,048 $728,619 $508,963 $219,656
Source: Public Records

Agents Affiliated with this Home

  • Alison Betts

    Seller's Agent in 2018

    Alison Betts

    Douglas Elliman of California, Inc.

    (323) 309-3976

    3 in this area

    21 Total Sales

    Alison Betts
    Section Image
  • Jerry Jaffe

    Seller Co-Listing Agent in 2018

    Jerry Jaffe

    Compass

    (310) 403-4925

    21 in this area

    44 Total Sales

    Jerry Jaffe
    Section Image
  • David Fowler

    Buyer's Agent in 2018

    David Fowler

    Estate Properties

    (310) 383-5926

    1 in this area

    21 Total Sales

    David Fowler
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-301816

The MLS

APN: 4286-014-038

California Los Angeles County Venice 90291 Venice

825 Main St, Venice, CA

Not Listed for Sale

MultiFamily

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