425 Venice Way

Venice, CA 90291

$1,375,000
Last Sold Price
2
Beds
2
Baths
1,026 Sq. Ft.
$1,340 / Sq. Ft.
1,026
Sq. Ft.
$1,340
per Sq. Ft.

Description

Enter the welcoming red gate to this charming, gated duplex in prime Venice where you can walk to the beach, Main Street and Abbot Kinney. This property features two thoughtfully laid out, sun-filled 1 bedroom, 1 bathroom cottages with new updates to kitchens and bathrooms. Unit #1 has a light filled living room, great work space, dining area off the kitchen with Caesarstone counters and new tiled floors and a private large patio for entertaining. Hardwood floors throughout the remainder of the unit....Enter the welcoming red gate to this charming, gated duplex in prime Venice where you can walk to the beach, Main Street and Abbot Kinney. This property features two thoughtfully laid out, sun-filled 1 bedroom, 1 bathroom cottages with new updates to kitchens and bathrooms. Unit #1 has a light filled living room, great work space, dining area off the kitchen with Caesarstone counters and new tiled floors and a private large patio for entertaining. Hardwood floors throughout the remainder of the unit. Unit #2 is a mirror image and also enjoys a great outdoor patio space. Each unit has a private one car garage. This building could be become townhouse style units with an addition of a second floor. A Great owner user home, family compound or a work/live situation.
  1. Listed by Mary Beth Woods • DRE #00470539 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 425 Venice Way

Zoning
LARD1.5
Style
California Bungalow
Parcel Number
4238020032
Total Units
2.0
Living Area
1026
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, Mary Beth Woods, DRE #00470539

Sold By SOUTHERN CALIFORNIA HOMES, ERIN RODRIGUEZ, DRE #02160861; SOUTHERN CALIFORNIA HOMES, JULIANA MAZIARZ, DRE #01873212

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LISTING UPDATED: 03/03/2022 03:35 PM

Property Details for 425 Venice Way

StatusSold
MLS #21-106857
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.05 AC / 2,249 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Mary Beth Woods, DRE #00470539

Sold By SOUTHERN CALIFORNIA HOMES, ERIN RODRIGUEZ, DRE #02160861; SOUTHERN CALIFORNIA HOMES, JULIANA MAZIARZ, DRE #01873212

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Building Information for 425 Venice Way

Stories1Residences-Year Built1949Building Size-Lot Size0.05 AC / 2,249 SF

Payment Calculator

$8,920 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,504

Property Taxes

$1,416

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 425 Venice Way

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: 1
  • Type Of Units: duplex
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $64,140
  • Net Operating Income: $41,837.00
  • Gross Income: $64,140
  • Gross Rent Multiplier: $.00
  • Other Income1: $64,080.00
  • Total Annual Expense: 22303
  • Water Expense: $1,300.00
  • Trash Expense: $700.00
  • Tax Expense: $16,753
  • Insurance Expense: $2,800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0516
  • Lot Size Square Feet: 2249
  • Lot Size Dimensions: 25x90
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Covered Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Electric
  • Equipment: Ceiling Fan, Freezer, Refrigerator, Built-Ins, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-23-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $212,241.00
  • Assessed Improvement Percent: 16.0
  • Assessed Land Value: $1,114,268.00
  • Assessed Land Percent: 84
  • Assessed Total Value: $1,326,509.00

Property History for 425 Venice Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 425 Venice Way

Taxable ValueLand$1,224,000Additions$178,500Total$1,402,500
Tax Record2023$16,986 ($1,416 / month)
Home Facts
Total Finished SqFt1,026 SqFtAbove Grade Finished SqFt1,026 SqFtLot Size2,249 SqFtStyleDuplexYear Built1949ZoningLARD1.5CountyLOS ANGELESAPN4238-020-032

Schools near 425 Venice Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

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 Coldwell Banker Realty, Mary Beth Woods, DRE #00470539

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.