32 28Th Pl Venice, CA 90291

$--

5 Beds
7 Baths
3,241 Sq.Ft.

Off Market

Map preview of 32 28Th Pl, Venice, CA 90291

Property Overview: 32 28Th Pl Venice, CA has 5 bedrooms, 7 bathrooms, 3,241 living square feet and 2,640 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

32 28Th Pl is currently an off market home in the city of Venice. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Venice has a median list price of $2,400,000. The median price per/sqft for Venice is $1,226. With those numbers in mind, if you are looking to purchase a median priced home in Venice, CA and put 20% down you will need to save up $480,000 for the down payment and will need roughly $48,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Venice the commission could be as much as $89,750. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 32 28Th Pl

View property's historical transactions

August, 2021
Aug 2, 2021

Date

Active

CRMLS: SB21114168

$2,950,000

Price
Aug 1, 2021

Date

Expired

CRMLS: SB21114168

$2,950,000

Price
Jun 24, 2021

Date

Price Change

CRMLS: SB21114168

$2,950,000

Price
May 27, 2021

Date

Active

CRMLS: SB21114168

$3,100,000

Price
Listing provided courtesy of CRMLS

This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement.

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August, 2021
Aug 2, 2021

Date

Active

CRMLS: SB21114211

$2,950,000

Price
Aug 1, 2021

Date

Expired

CRMLS: SB21114211

$2,950,000

Price
Jun 24, 2021

Date

Price Change

CRMLS: SB21114211

$2,950,000

Price
May 27, 2021

Date

Active

CRMLS: SB21114211

$3,100,000

Price
Listing provided courtesy of CRMLS

This beautiful 2 unit plus one non-conforming unit, was built in 1988 and is for sale for the first time! There really is nothing else like it in the Venice Beach area. We expect this property to sell quickly. The property consists of a 2 Bd/3 Ba unit, a 2 Bd/2.5 Ba unit, and a 1 Bd/1 Ba non-conforming unit. All units are townhouse style units. Both of the 2 bedroom units have roof top decks with panoramic views. The 2 Bd/3 Ba unit is currently rented to a long term tenant for $5,000/month, and the owner is operating the other two units as AIRBNBs, commanding nightly rents of $250/night for the 1 Bd/1 Ba unit and $349/night for the 2 Bd/2.5 Ba unit. The units have all been recently beautifully renovated and include a washer/dryer. Immediate upside can be achieved by converting the 1 Bd/1 Ba to a legal ADU. There is ample parking at the building including 2 tandem garage spots and 2 tuck under spots, for a total of 6 parking spots. The property is situated approximately a half block from Venice Beach and is just 3 short blocks from the lively restaurant and bar scene on Washington Blvd. With an 88 Walk Score, most errands can be accomplished on foot. This is the perfect property for an owner/user or seasoned investor with the ability to maximize income through long or short term rentals. Offering Memorandum included as Supplement.

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Tax History for 32 28Th Pl

Assessed Value (2020): $807,994

Year	Land Value	Improved Value	Assessed Value
2020	$300,439	$507,555	$807,994

About 32 28Th Pl

Detailed summary of property

32 28Th Pl is categorized with a use code of Duplex (2 Units, Any Combination) in Venice, CA 90291 and is currently off market. This property has 5 bedrooms, 7 bathrooms, roughly 3,241 living square feet, and sits on an approximately 2,640 square foot lot. Homes in Venice are selling for a median price of $1,795,000 and a median price per square foot of $1,188. Local nearby listings include 4250 Michael Ave, 3520 Beethoven St and 3782 Moore St. The average home in Venice, CA is selling in 98 days. There are currently 177 homes for sale in the Venice real estate market and 152 of them are single family homes while 16 of them are condos and 9 are townhomes. If you are the homeowner and looking to sell the home at 32 28Th Pl Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 32 28Th Pl

Public county record property details

Beds: 5
Baths: 7
Year built: 1988
Sq. Ft.: 3,241
Lot Size: 2,640
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 4226-021-006

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

$2,425,000

Median List Price/Sq.Ft.

$1,249

Median Sold Price

$1,800,000

Median Sold Price/Sq.Ft.

$1,188

Total Inventory

170

Median Sale to List Price %

90.68%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (23.53%)

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