705 Brooks Ave

Venice, CA 90291

$2,549,000
Last Sold Price
8
Beds
6
Baths
2,958 Sq. Ft.
$862 / Sq. Ft.
2,958
Sq. Ft.
$862
per Sq. Ft.
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Sold 12/4/18
Sold 12/4/18

Description

Remodeled Venice triplex in the heart of Venice in a gated charming compound perfect for owner user or investor. Charming 1920 remodeled 2 Bd 1 Ba house w/ new kitchen, granite counters and new appliances with private front yard. 2 New York style 2 bd 2 ba lofts with private decks. Unique spiral staircases lead to upper bedroom loft and views of the Santa Monica mountains. All units and front house are vacant making this a very unique property for either owner/user or as an income property with $190,000...Remodeled Venice triplex in the heart of Venice in a gated charming compound perfect for owner user or investor. Charming 1920 remodeled 2 Bd 1 Ba house w/ new kitchen, granite counters and new appliances with private front yard. 2 New York style 2 bd 2 ba lofts with private decks. Unique spiral staircases lead to upper bedroom loft and views of the Santa Monica mountains. All units and front house are vacant making this a very unique property for either owner/user or as an income property with $190,000 year potential income. An additional 4th non-confirming 2 bd 1 ba unit with potential to convert to legal rental unit. Ample parking for 8 cars and located blocks from Trendy Rose Ave and Abbott Kinney plus walking distance to Whole Foods. Move in front house and have rear 3 units pay for the mortgage. Great Income building with a cap of 5.6 with 4th unit rented. Zoned RD 1.5

Listing Agent

  1. James Allan

    James Allan

    Listing Agent

    Compass

    DRE #01180635

    james.allan@compass.com

    P: (310)-704-0007

    CallTextEmail

Property Details for 705 Brooks Avenue

Zoning
LARD1.5
Style
Spanish
Parcel Number
4239007033
Total Units
3.0
Living Area
2958
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
100 %
LISTING UPDATED: 12/04/2018 03:00 PM

Property Details for 705 Brooks Avenue

StatusSold
MLS #18-403570
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.11 AC / 5,004 SF
CountyLos Angeles County
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Location

Listing Courtesy of Coldwell Banker Realty, James Allan, DRE #01180635

Sold By ENGEL & VÖLKERS Santa Monica, Julie Kirschbaum, DRE #01897701

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Building Information for 705 Brooks Avenue

Stories2Residences-Year Built1927Building Size-Lot Size0.11 AC / 5,004 SF

Payment Calculator

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$15,276 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,423

Property Taxes

$2,853

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 705 Brooks Avenue

Community / Development
Community / Development
  • Number Of Units: 3
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Rental
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
  • Security Features: None
  • Sewer: In Street
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: Scheduled
  • Gross Operating Income: $180,000
  • Net Operating Income: $142,200.00
  • Gross Income: $180,000
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $14.00
  • Total Annual Expense: 37800
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 5004
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 8
  • Parking Features: Attached Carport
Interior Features
Interior Features
  • Room Type: Living Room, Loft
  • Rooms: Breakfast Bar, Living Room, Loft
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Central, Floor Furnace
  • Heating Type: Central, Floor Furnace
  • Equipment: Dryer, Washer
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Spa: None
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 11-02-2018
  • Listing Terms: Standard Sale
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Actual Rent: $3,000.00
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $73,800.00
  • Assessed Land Value: $191,033.00

Property History for 705 Brooks Avenue

DateEvent & SourcePriceAppreciation
Oct 1, 2020

Expired

CRMLS #20624598

$3,495,000—
Sep 30, 2020

Expired

CLAW #20-624598

$3,495,000—
Aug 27, 2020

Listed (Active)

CRMLS #20624598

$3,495,000—
Aug 27, 2020

Listed (Active)

CLAW #20-624598

$3,495,000—
Dec 4, 2018

Sold

SDMLS #18403570

$2,549,000—
Dec 4, 2018

Sold

CLAW #18-403570

$2,549,000—
Dec 4, 2018

Sold

CRMLS #18403570

$2,549,000—
Nov 15, 2018

Pending

CLAW #18-403570

—
Nov 15, 2018

Pending

CRMLS #18403570

—
Nov 13, 2018

Sold (Public Record)

Public Record #635155478

$2,549,000—
Nov 1, 2018

Listed (Active)

SDMLS #18403570

$2,549,000—
Nov 1, 2018

Listed (Active)

CRMLS #18403570

$2,549,000—
Nov 1, 2018

Listed (Active)

CLAW #18-403570

$2,549,000—
Oct 5, 2016

Expired

CRMLS #16115800

$2,250,000—
Oct 4, 2016

Expired

SDMLS #16115800

—
Oct 4, 2016

Expired

CLAW #16-115800

$2,250,000—
Apr 15, 2016

Listed (Active)

CRMLS #16115800

$2,250,000—
Apr 15, 2016

Listed (Active)

CLAW #16-115800

$2,250,000—
Apr 15, 2016

Listed (Active)

SDMLS #16115800

$2,250,000—
DateEvent & SourcePrice
10/01/2020

Expired

CRMLS #20624598

$3,495,000
09/30/2020

Expired

CLAW #20-624598

$3,495,000
08/27/2020

Listed (Active)

CRMLS #20624598

$3,495,000
08/27/2020

Listed (Active)

CLAW #20-624598

$3,495,000
12/04/2018

Sold

SDMLS #18403570

$2,549,000
12/04/2018

Sold

CLAW #18-403570

$2,549,000
12/04/2018

Sold

CRMLS #18403570

$2,549,000
11/15/2018

Pending

CLAW #18-403570

—
11/15/2018

Pending

CRMLS #18403570

—
11/13/2018

Sold (Public Record)

Public Record #635155478

$2,549,000
11/01/2018

Listed (Active)

SDMLS #18403570

$2,549,000
11/01/2018

Listed (Active)

CRMLS #18403570

$2,549,000
11/01/2018

Listed (Active)

CLAW #18-403570

$2,549,000
10/05/2016

Expired

CRMLS #16115800

$2,250,000
10/04/2016

Expired

SDMLS #16115800

—
10/04/2016

Expired

CLAW #16-115800

$2,250,000
04/15/2016

Listed (Active)

CRMLS #16115800

$2,250,000
04/15/2016

Listed (Active)

CLAW #16-115800

$2,250,000
04/15/2016

Listed (Active)

SDMLS #16115800

$2,250,000

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

Public Records for 705 Brooks Avenue

Taxable ValueLand$2,119,483Additions$723,970Total$2,843,453
Tax Record2025$34,241 ($2,853 / month)
Home Facts
Total Finished SqFt2,958 SqFtAbove Grade Finished SqFt2,958 SqFtLot Size5,004 SqFtStyleTriplexYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN4239-007-033

Schools near 705 Brooks Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Westminster Avenue Elementary School
Public - K to 5
Walgrove Avenue Elementary School
Public - K to 5
Broadway Elementary School
Public - K to 5
Mark Twain Middle School and World Languages Magnet
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 5

Mark Twain Middle School and World Languages Magnet
Public6 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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, James Allan, DRE #01180635

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.