NOT LISTED FOR SALE

101 Wavecrest Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,894,338 - $3,199,000

4 Beds
5 Baths
2,930 Sq Ft
$1,057/Sq Ft Est. Value

Sale Details

Date Sold: April 12, 2023

Last sale price $3,060,000 $1,044 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $19,577 / mo

12 Days on Market

Highlights

  • Ocean View
  • Living Room with Fireplace
  • Modern Architecture
  • Venice High School Rated A
  • Wood Flooring
  • 1-minute walk to Westminster Dog Park

About This Home

As of April 2023

WOW!! This incredible "walk street" Modern duplex with a sensational owner's unit (vacant) w/2 fireplaces + a large 1 bedroom artist's dream ($3500) w/fireplace + 5 real parking spaces (including a 2 car garage w/direct access) + an oversized panoramic roof deck with stunning ocean, mountain & city views + 3 private patios + 1 block to the beach + 2 blocks to Abbot Kinney & some of the best restaurants in LA. Live the best Venice life from this extraordinary opportunity. Easy to show!

Last Agent to Sell the Property

Stacey Valnes

Create License #00989680 Listed on: 03/01/2023

Last Buyer's Agent

Colette Stevens

Pardee Properties License #01702926

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 2,812 Sq Ft Lot

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • City
  • Mountain

Home Design

  • Modern Architecture

Interior Spaces

  • 2,930 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4238-001-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

2,812 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Modern
  • Street Number Display: Yes
  • Living Area: 2930
  • Lot Acreage: 0.0646
  • Stories: 3
  • Year Built: 1991
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 4
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Ice Maker, Microwave, Network Wire, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1022.18

Exterior Features

  • Other Structures: None
  • View: City, Ocean, Mountains, Panoramic
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4238-001-004
  • Lot Size Area: 2812

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.20
  • Number Of Units: 2
  • Type Of Units: Luxurious

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Apr 6, 2023
Sold by
James Mary
Bought by
Southern Sun Concerts Inc
Seller's Agent
Stacey Valnes
Create
Buyer's Agent
Colette Stevens
Pardee Properties
List Price
$2,995,000
Sold Price
$3,060,000
Premium/Discount to List
$65,000
2.17%
Views
59
Current Estimated Value
$3,097,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,585
Avg. Annual Appreciation
0.40%
Original Mortgage
$2,000,000
Outstanding Balance
$1,926,088
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$1,171,497

Purchase Details

Listed on
Jan 23, 2019
Closed on
Mar 25, 2019
Sold by
Helfrich Ronald
Bought by
James Mary
Seller's Agent
Pete Castro
Compass
Buyer's Agent
Maile Bryant
Compass
List Price
$2,895,000
Sold Price
$2,575,000
Premium/Discount to List
-$320,000
-11.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Oct 16, 2015
Sold by
Triple J Ranch Llc
Bought by
Jonas Jeffrey J

Purchase Details

Listed on
Jun 1, 2015
Closed on
Aug 4, 2015
Sold by
Beasley Elisabeth
Bought by
Triple J Ranch Llc
Seller's Agent
Caroline Weaver
Compass
Buyer's Agent
Maile Bryant
Compass
List Price
$2,750,000
Sold Price
$2,350,000
Premium/Discount to List
-$400,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%

Purchase Details

Closed on
Jan 22, 2003
Sold by
Mok Wai Wan
Bought by
Beasley Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.25%

Purchase Details

Closed on
Aug 11, 1999
Sold by
Connors Edward K
Bought by
Beasley Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.37%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Wheeler Kenneth M
Bought by
Connors Edward Krueger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
7.17%

Purchase Details

Closed on
Sep 13, 1993
Sold by
Connors Edward Krueger
Bought by
Connors Edward Krueger and Wheeler Kenneth Martin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Southern Sun Concerts Inc $3,060,000 Fidelity National Title
James Mary -- Fidelity National Title Co
James Mary $2,575,000 Fidelity National Title Co
Jonas Jeffrey J -- None Available
Triple J Ranch Llc $2,350,000 Lawyers Title Company
Beasley Elisabeth -- Equity Title
Beasley Elisabeth $645,000 Old Republic Title Company
Connors Edward Krueger -- Gateway Title
Connors Edward Krueger -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Southern Sun Concerts Inc $2,000,000
Previous Owner Beasley Elisabeth $350,000
Previous Owner Beasley Elisabeth $350,000
Previous Owner Connors Edward Krueger $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2023 04/12/23 Sold $3,060,000 +2.2% $1,044 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $2,995,000 +16.3% $1,022 / Sq Ft
03/28/2019 03/28/19 Sold $2,575,000 -6.4% $879 / Sq Ft View Prior Sale
03/18/2019 03/18/19 Pending -- -- --
02/27/2019 02/27/19 Price Changed $2,750,000 -5.0% $939 / Sq Ft
01/23/2019 01/23/19 For Sale $2,895,000 +23.2% $988 / Sq Ft
08/10/2015 08/10/15 Sold $2,350,000 -11.3% $802 / Sq Ft View Prior Sale
07/29/2015 07/29/15 Pending -- -- --
07/22/2015 07/22/15 Price Changed $2,650,000 -3.6% $904 / Sq Ft
06/01/2015 06/01/15 For Sale $2,750,000 -- $939 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,844 $3,183,624 $2,653,020 $530,604
2024 $37,844 $3,121,200 $2,601,000 $520,200
2023 $33,517 $2,760,918 $2,466,064 $294,854
2022 $31,949 $2,706,783 $2,417,710 $289,073
2021 $31,562 $2,653,709 $2,370,304 $283,405
2019 $886 $2,500,895 $2,122,416 $378,479
2018 $29,640 $2,451,858 $2,080,800 $371,058
2016 $28,279 $2,350,000 $2,000,000 $350,000
2015 $10,020 $824,847 $639,421 $185,426
2014 $10,057 $808,690 $626,896 $181,794
Source: Public Records

Agents Affiliated with this Home

  • Stacey Valnes

    Seller's Agent in 2023

    Stacey Valnes

    Create

    (310) 455-0096

    7 in this area

    59 Total Sales

    Stacey Valnes
    Section Image
  • Colette Stevens

    Buyer's Agent in 2023

    Colette Stevens

    Pardee Properties

    (818) 822-9186

    8 in this area

    74 Total Sales

    Colette Stevens
    Section Image
  • Tamra Pardee

    Buyer Co-Listing Agent in 2023

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    218 in this area

    814 Total Sales

    Tamra Pardee
    Section Image
  • Pete Castro

    Seller's Agent in 2019

    Pete Castro

    Compass

    (310) 482-2100

    39 Total Sales

    Pete Castro
    Section Image
  • Maile Bryant

    Seller Co-Listing Agent in 2019

    Maile Bryant

    Compass

    (310) 482-2200

    19 Total Sales

    Maile Bryant
    Section Image

  • C

    Seller's Agent in 2015

    Caroline Weaver

    Compass

    Section Image
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Map

Source: The MLS

MLS Number: 23-243969

The MLS

APN: 4238-001-004

California Los Angeles County Venice 90291 Venice

101 Wavecrest Ave, Venice, CA

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