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3116 Pacific Ave, Venice, CA 90292
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3116 Pacific Ave Venice, CA 90292

$1,200,000 Sold Price as of 08/19/2019
  • 3 Beds
  • 3 Baths
  • 1,700 Sq.Ft.
Sold
$1,200,000 Sold Price as of 08/19/2019 Refinance Your Mortgage
Map preview of 3116 Pacific Ave, Venice, CA 90292

Property Overview: 3116 Pacific Ave Venice, CA has 3 bedrooms, 3 bathrooms, 1,700 living square feet and 2,662 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Location! Duplex with view of the ocean from second floor deck. Steps away from Venice beach on Pacific and Washington. Just needs some TLC.

Listed by Ann Arakelian | BRE #00454687 | Los Feliz Properties
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 149

Home details

Lot Sq. Ft
2,662
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18400012
City
Venice
County
Los Angeles
Time on Site
1376 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,856
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,122
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Improvements Total: $153,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3116 Pacific Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
  • Trash Compactor, Dishwasher
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Total # of Units: 2
  • Parcel Number: 4225002004
Location / Neighborhood
Location Information
  • Directions: From the 405 fwy. South exit Venice Blvd. keep straight on Matteson Ave. , turn left onto Albright Ave., then turn right onto Washington Pl and a left on Pacific Ave. Subject property will be on your left.
View more facts & features

Local Venice Agent

Sale History for 3116 Pacific Ave

Last sold for $1,200,000 on August 19th, 2019

  • May, 2020

  • May 13, 2020

    Date

    Expired

    CRMLS: 20553488

    $1,795,000

    Price

  • Mar 13, 2020

    Date

    Withdrawn

    CRMLS: 20553488

    $1,795,000

    Price

  • Feb 27, 2020

    Date

    Price Change

    CRMLS: 20553488

    $1,795,000

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: 20553488

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    RTI Shovel Ready / Vacant Duplex. 1 Block From The Beach & Venice Pier. AAA Location, Washington & Pacific. RTI Permit Ready/Plans approved by Coastal Division & City of LA. Permits includes renovation of an existing Duplex with 1,773 SF of improvements. Upstairs unit (2+2) 900+ SF plus Roof Top Deck. Downstairs unit (1+1) 800+ SF plus 1,000 SF Patio. Developers can also build a new project consists of (Two small lot sub division units with 1,760 SF per unit). A Finished Two lot subdivision project will sell for $2,100,000 per unit. 1st Time For Sale in 40 Years. Fully Vacant !! Zoned LAR3, Lot Size 2,662 SF. This will sell to the first real offer, Motivated Seller!

  • August, 2019

  • Aug 20, 2019

    Date

    Sold

    CRMLS: 18400012

    $1,200,000

    Price

  • Mar 26, 2019

    Date

    Active Under Contract

    CRMLS: 18400012

    $1,600,000

    Price

  • Jan 15, 2019

    Date

    Price Change

    CRMLS: 18400012

    $1,600,000

    Price

  • Nov 27, 2018

    Date

    Price Change

    CRMLS: 18400012

    $1,700,000

    Price

  • Oct 23, 2018

    Date

    Active

    CRMLS: 18400012

    $1,800,000

    Price

Show More

Tax History for 3116 Pacific Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

3116 Pacific Ave sold on August 19, 2019 for 30.5% 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 $941.18 per/sqft which puts the price per square foot 18.51% lower than the current median sale per square foot for the city of Venice.

About 3116 Pacific Ave

Detailed summary of property

3116 Pacific Ave is a multi family that recently sold in Venice, CA 90292. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,700 living square feet, and sits on an approximately 2,662 square foot lot. 3116 Pacific Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,200,000. 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 30.5% lower than the current median priced home. Local homes that are currently for sale include 2701 S Cloverdale Ave, 2945 S Orange Dr and 1847 S Curson Ave. While the average home in Venice, CA is selling in 97 days, 3116 Pacific Ave has a days on market of 149 days. There are currently 154 homes for sale in the Venice real estate market and 139 of them are single family homes while 11 of them are condos and 4 are townhomes. For more information on this home for sale at 3116 Pacific Ave Venice, CA 90292 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 3116 Pacific Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90292 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,150,000
Median List Price/Sq.Ft.
$966
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$783
Total Inventory
7
Median Sale to List Price %
108.37%
Avg Days on Market
62
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (5.26%), Other (21.05%)

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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