NOT LISTED FOR SALE

Estimated Value: $2,142,000 - $2,665,000

3 Beds
3 Baths
1,777 Sq Ft
$1,392/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $2,275,000 $1,280 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,183/month

32 Days on Market

Highlights

  • City View
  • Open Floorplan
  • Two Story Ceilings
  • Broadway Elementary Rated A
  • Dining Room with Fireplace
  • 5-minute walk to Centennial Park

About This Home

As of May 2023

Incredible value nestled just off Abbot Kinney! Tucked away in a private, serene setting lies one of the most magical opportunities in Venice! This is a modern, warm, and soulful duplex that offers tons of upside potential with both units being delivered vacant. Extensively remodeled, with every detail thought of this beautiful setting offers you endless options in a premiere location - rent both units for a prime investment opportunity, move in and host family and friends in their own space, or live in one and rent one of the units out for passive income. //About this home: Seamlessly blending original charm with modern refinements, this minimalist home will transcend you into the perfect urban escape. As you enter the front 1 Bdrm/1 Bath front house, you will immediately be taken by the stunning design aesthetic. Enjoy Mafi-engineered wide plank hardwood floors throughout, a spacious open living/dining area, a cozy fireplace, and a tranquil front yard retreat that is separate are private from the front space. The rear 2 Bdrm/1 Bath home also features beautiful Mafi hardwood floors, a sleek gourmet kitchen space, and bi-fold doors that open out to the attached deck that gives you a balance of indoor/outdoor living - ideal for dining al fresco under the stars, sitting by a firepit, or just taking in the ocean breeze. Head up the stairs in the main entry that has soaring ceilings, and an abundance of natural light. The staircase leads you up to your primary bedroom surrounded by picturesque windows and exposed beam ceilings. You will also love the huge walk-in closet, and an additional room downstairs ready for another bedroom, or for your home office/creative haven. Other features include an outdoor fireplace, an electric car charger, vaulted ceilings, an oversized deck, and a tankless water heater to name a few // The Neighborhood: Situated in the heart of Venice, this location steps off Abbot Kinney! If it's dining you want, look no further than the Tasting kitchen, Piccolos, Gjelina, Butcher's Daughter, Cafe Gratitude, and Paloma. With Erewhon market around the corner, and Rose Ave, the Venice Canals, and the Beach are minutes away, all you need is here!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/04/2023

Co-Listed By

Paige Ogden

Pardee Properties License #02060052

Last Buyer's Agent

Erin Alls

Erin Alls License #01906094

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 3,877 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Front Yard
  • Property is zoned LAR2

Property Views

  • City
  • Trees

Home Design

  • Bungalow
  • Turnkey
  • Stucco

Interior Spaces

  • 1,777 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Two Story Ceilings
  • Recessed Lighting
  • Family Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room with Fireplace
  • Home Office

Kitchen

  • Oven
  • Microwave

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Carbon Monoxide Detectors

Parking

  • 3 Car Detached Garage
  • 2 Open Parking Spaces
  • Tandem Parking

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4241-013-021

Home Details

Home Type

Single Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Two
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 1777
  • Lot Acreage: 0.0890
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Recessed Lighting, Two Story Ceilings, Turnkey, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan
  • Fireplace Rooms: Dining, Living Room
  • Flooring: Engineered Hardwood, Tile
  • Appliances: Oven, Built-Ins, Microwave
  • Bedrooms: 3
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Tile
  • Kitchen Features: Counter Top
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Dryer, Microwave, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 1378.73

Exterior Features

  • Direction Faces: West
  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: City, Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Detached, Covered Parking, Tandem, Uncovered
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Security: Gated, Carbon Monoxide Detector(s), Prewired for alarm system, Exterior Security Lights
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4241-013-021
  • Lot Description: Fenced Yard, Front Yard, Fenced
  • Lot Size Area: 3877

Multi Family

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

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2023
Closed on
Apr 5, 2023
Sold by
Neumann Niklas
Bought by
Jashnani Ricky
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Erin Alls
Erin Alls
List Price
$2,675,000
Sold Price
$2,275,000
Premium/Discount to List
-$400,000
-14.95%
Current Estimated Value
$2,473,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,226
Avg. Annual Appreciation
3.11%
Original Mortgage
$1,285,876
Outstanding Balance
$1,247,567
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$1,225,659

Purchase Details

Closed on
Nov 30, 2018
Sold by
Neum
Bought by
Neuma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,070
Interest Rate
4.81%

Purchase Details

Closed on
Mar 19, 2014
Sold by
Neumann Niklas and Smith Harry L
Bought by
Neumann Niklas and Smith Harry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,500
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2009
Sold by
Polito Kenneth Ryan and The Polito Living Trust
Bought by
Neumann Niklas and Smith Harry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2007
Sold by
Polito Sharon Everitt
Bought by
Polito Kenneth Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2005
Sold by
Polito Kenneth Ryan
Bought by
Polito Kenneth Ryan and Polito Living Trust

Purchase Details

Closed on
Jun 16, 2003
Sold by
Markowitz Jessica and Cameron Timothy P
Bought by
Polito Kenneth Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
4.34%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 8, 2000
Sold by
Bird Katherine S and Bird Aidan
Bought by
Markowitz Jessica and Cameron Timothy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.24%

Purchase Details

Closed on
Jun 23, 1997
Sold by
Bird Aidan
Bought by
Bird Katherine Shepherd and Bird Aidan

Purchase Details

Closed on
Jul 17, 1995
Sold by
Yost Victoria
Bought by
Bird Aidan

Purchase Details

Closed on
Jun 17, 1994
Sold by
Sarlo Allen and Sarlo Deborah B
Bought by
Bird Aidan and Yust Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
3.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jashnani Ricky $2,275,000 Stewart Title Of California
Neuma -- --
Neumann Niklas -- Accommodation
Neumann Niklas -- Fidelity National Title San
Neumann Niklas $1,025,000 Equity Title Los Angeles
Polito Kenneth Ryan -- Orange Coast Title Co
Polito Kenneth Ryan -- --
Polito Kenneth Ryan $785,000 Equity
Markowitz Jessica $450,000 American Title Co
Bird Katherine Shepherd -- --
Bird Aidan -- --
Bird Aidan $203,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jashnani Ricky $1,285,876
Previous Owner Neuma $1,000,070
Previous Owner Neuma --
Previous Owner Neumann Niklas $843,500
Previous Owner Neumann Niklas $820,000
Previous Owner Polito Kenneth Ryan $638,000
Previous Owner Polito Kenneth Ryan $588,750
Previous Owner Markowitz Jessica $400,000
Previous Owner Bird Aidan $182,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $2,275,000 0.0% $1,280 / Sq Ft
05/05/2023 05/05/23 Off Market $2,275,000 -- --
04/05/2023 04/05/23 Pending -- -- --
03/16/2023 03/16/23 Price Changed $2,450,000 -8.4% $1,379 / Sq Ft
03/04/2023 03/04/23 For Sale $2,675,000 -- $1,505 / 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 $28,083 $2,366,910 $1,872,720 $494,190
2024 $28,083 $2,320,500 $1,836,000 $484,500
2023 $19,067 $1,569,057 $1,369,183 $199,874
2022 $18,175 $1,538,292 $1,342,337 $195,955
2021 $17,953 $1,508,130 $1,316,017 $192,113
2020 $18,141 $1,492,667 $1,302,523 $190,144
2019 $17,412 $1,463,400 $1,276,984 $186,416
2018 $14,083 $1,162,817 $907,568 $255,249
2016 $13,469 $1,117,666 $872,327 $245,339
2015 $13,271 $1,100,878 $859,224 $241,654
2014 $13,319 $1,079,314 $842,393 $236,921
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-243785

The MLS

APN: 4241-013-021