245 7th Avenue

Venice, CA 90291

$1,565,000
Last Sold Price
4
Beds
2
Baths
1,326 Sq. Ft.
$1,180 / Sq. Ft.
1,326
Sq. Ft.
$1,180
per Sq. Ft.

Description

Located in Venice's Rose Corridor, this ultra charming duplex features 2 detached bungalows, bonus detached office and phenomenal investment opportunity. Each with 2B + 1B, these light & bright Spanish style homes feature tons of natural lighting, their own private garage, in-unit laundry, private courtyards and decks and one charming detail after another. A tree lined courtyard adjoins this beautiful property to a wonderful work space/office for anyone looking to work from home or for extra income....Located in Venice's Rose Corridor, this ultra charming duplex features 2 detached bungalows, bonus detached office and phenomenal investment opportunity. Each with 2B + 1B, these light & bright Spanish style homes feature tons of natural lighting, their own private garage, in-unit laundry, private courtyards and decks and one charming detail after another. A tree lined courtyard adjoins this beautiful property to a wonderful work space/office for anyone looking to work from home or for extra income. Walkable to some of the best restaurants in all of the city, cute coffee shops and stores as well as famous LA beaches, this location cannot be beat. One unit and office will be delivered vacant at the close of escrow.

Property Details for 245 7th Avenue

Zoning
LARD2
Style
Spanish
Parcel Number
4240001031
Total Units
2.0
Living Area
1326
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Keller Williams Beverly Hills, Marc J. Robinson, DRE #01375831

Add your commute
LISTING UPDATED: 12/01/2021 09:47 AM

Property Details for 245 7th Avenue

StatusSold
MLS #21-743002
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.10 AC / 4,235 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Keller Williams Beverly Hills, Marc J. Robinson, DRE #01375831

Add your commute

Building Information for 245 7th Avenue

Stories1Residences-Year Built1930Building Size-Lot Size0.10 AC / 4,235 SF

Payment Calculator

$10,149 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,541

Property Taxes

$1,608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 245 7th Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Bungalow
  • Security Features: Gated
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: Listing Broker Advantage, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $105,744
  • Net Operating Income: $80,004.00
  • Gross Income: $105,744
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: $16.97
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 25740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0972
  • Lot Size Square Feet: 4235
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage, Garage Is Detached
  • Total Parking: 2
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Single Door, Garage
Interior Features
Interior Features
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Dryer, Freezer, Range/Oven, Washer
  • Bathroom Features: Shower Over Tub, Tile
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit, Inside, Laundry Area, In Kitchen
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Clay, Flat
  • Patio Features: Deck(s)
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-04-2021
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,312.00
  • Unit Actual Rent: $3,312.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $60,777.00
  • Assessed Improvement Percent: 11.39
  • Assessed Land Value: $472,776.00
  • Assessed Land Percent: 88.61
  • Assessed Total Value: $533,553.00

Property History for 245 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 245 7th Avenue

Taxable ValueLand$1,224,000Additions$372,300Total$1,596,300
Tax Record2023$19,301 ($1,608 / month)
Home Facts
Total Finished SqFt1,326 SqFtAbove Grade Finished SqFt1,326 SqFtLot Size4,235 SqFtStyleDuplexYear Built1930ZoningLARD2CountyLOS ANGELESAPN4240-001-031

Schools near 245 7th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 6
Public - 6 to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Walgrove Avenue Elementary School
PublicK to 5

Broadway Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.