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117 Brooks Ave, Venice, CA 90291
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117 Brooks Ave Venice, CA 90291

$2,170,000 Sold Price as of 05/22/2023
  • 6 Beds
  • 4.5 Baths
  • 3,830 Sq.Ft.
Sold
$2,170,000 Sold Price as of 05/22/2023 Refinance Your Mortgage
Map preview of 117 Brooks Ave, Venice, CA 90291

Property Overview: 117 Brooks Ave Venice, CA has 6 bedrooms, 4.5 bathrooms, 3,830 living square feet and 2,246 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Artistic lifestyle meets function with this impressive opportunity to acquire an authentic California multi-family residence featuring 3 separate units that offers unlimited live/workspace potential. Incomparable character and charm, with high ceilings and sun filled rooms—a mix of contemporary and traditional architectural design. The first unit offers two-bedrooms, one-bathroom plus a Loft, located on the ground floor with high ceilings and a small outdoor patio. The second unit, also on the ground floor, is a light filled, high ceilinged one-bedroom, one-bath. The third unit, on the second floor, includes three-bedrooms, 2.5 bathrooms with Southern facing windows, six skylights, original hardwood floors, sunroom, and small outdoor patio. Situated in the highly desirable neighborhood of Venice Beach, California—a growing bastion of architecture and design with Google’s Venice Binoculars Building campus, Beyond Baroque Literary Arts Center, and Venice Public Art walls. Everything you want for today’s lifestyle is only minutes away—from gourmet restaurants, coffee shops, trendy shops and a Whole Foods to the ocean, Boardwalk, and bike paths one block away. The perfect moment to purchase a, one of a kind multi-purpose property in this highly sought-after area.

Listed by Brian Sperry | BRE #01478815 | Coldwell Banker Realty
Last checked: 2 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
2,246
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
OC23038240
City
Venice
County
Los Angeles
Time on Site
407 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $5,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.46%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $121,800
  • Net Operating Income: $79,351
  • Gross Operating Income: $121,200
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $42,449
  • Electric: $4,285
  • Gas/Fuel: $4,639
  • New Taxes: $27,480
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $4,765
  • Water/Sewer: $1,280

Property Details for 117 Brooks Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range
Interior Features
  • Unfurnished
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Ocean
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 4286014045
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Pacific Avenue, West of Main St.
Neighborhood Information
  • Community Features: Biking, Sidewalks
View more facts & features

Local Venice Agent

Sale History for 117 Brooks Ave

Last sold for $2,170,000 on May 22nd, 2023

  • May, 2023

  • May 22, 2023

    Date

    Sold

    CRMLS: OC23038240

    $2,170,000

    Price

  • Mar 9, 2023

    Date

    Active

    CRMLS: OC23038240

    $2,290,000

    Price

  • August, 2022

  • Aug 21, 2022

    Date

    Expired

    CRMLS: 22150055

    $2,290,000

    Price

  • Apr 25, 2022

    Date

    Active

    CRMLS: 22150055

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

  • July, 1999

  • Jul 1, 1999

    Date

    Sold (Public Records)

    Public Records

    $495,000

    Price

Show More

Tax History for 117 Brooks Ave

Assessed Value (2020): $695,641
Year Land Value Improved Value Assessed Value
2020 $421,603 $274,038 $695,641

Home Value Compared to the Market

This property vs the competition

117 Brooks Ave sold on May 22, 2023 for 0.52% lower than the current median sold price for the city of Venice which is $2,302,000. The median sold price per/sqft for Venice is $1,155 and this home is sold at $597.91 per/sqft which puts the price per square foot 48.23% lower than the current median sale per square foot for the city of Venice.

About 117 Brooks Ave

Detailed summary of property

117 Brooks Ave is a triplex that recently sold in Venice, CA 90291. This triplex offered 6 bedrooms, 4.5 bathrooms, roughly 3,830 living square feet, and sits on an approximately 2,246 square foot lot. 117 Brooks Ave was first listed on ArdentRealEstateGroup.com on March 9, 2023. The homeowner sold the property for $2,170,000. Home in Venice are selling for a median price of $2,302,000 and a median price per square foot of $1,155. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 0.52% lower than the current median priced home. Local homes that are currently for sale include 9501 National Blvd, 1263 Devon Ave and 8819 Reading Ave. While the average home in Venice, CA is selling in 106 days, 117 Brooks Ave has a days on market of 22 days. There are currently 141 homes for sale in the Venice real estate market and 127 of them are single family homes while 10 of them are condos and 4 are townhomes. For more information on this home for sale at 117 Brooks Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 117 Brooks Ave

Public county record property details
Beds
3
Baths
3
Year built
1926
Sq. Ft.
2,364
Lot Size
2,245
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
76
APN
4286-014-045

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,650,000
Median List Price/Sq.Ft.
$1,289
Median Sold Price
$2,302,000
Median Sold Price/Sq.Ft.
$1,423
Total Inventory
137
Median Sale to List Price %
92.26%
Avg Days on Market
77
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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