NOT LISTED FOR SALE

1037 Victoria Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $4,790,000 - $8,284,000

3 Beds
2 Baths
1,664 Sq Ft
$4,325/Sq Ft Est. Value

Last Sold June 27, 2017

Last sale price $2,150,000 $1,292 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $43,088/month

21 Days on Market

Highlights

  • Guest House
  • Gated Parking
  • Lawn
  • Beethoven Street Elementary School Rated 9+
  • 10,412 Sq Ft lot
  • Enclosed Patio or Porch

About This Home

As of June 2017

Calling all investors and developers, this is a great opportunity to own a Venice lot of approximately 10,400 Sq Ft. There is plenty or room to remodel, expand, or build on one of the most desirable neighborhoods in Venice. Existing property is an enchanting home with 3 bedrooms of great size , 2 baths, hardwood floors throughout, and plenty of parking space. Detached rear structure is considered a studio over another 2-car garage with alley access. Hurry this lot is a rare opportunity, definitely a MUST SEE!

Last Agent to Sell the Property

Moshe Cohen

Option Realty License #01912632 Listed on: 02/27/2017

Last Buyer's Agent

Moshe Cohen

Option Realty License #01912632 Listed on: 02/27/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,427

Year Built

  • Built in 1924

Lot Details

  • 10,412 Sq Ft Lot
  • Property fronts an alley
  • Lawn
  • Property is zoned LAR1

Parking

  • 4 Car Garage
  • Parking Available
  • Gated Parking

Home Design

  • Shingle Roof

Interior Spaces

  • 1,664 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Enclosed Patio or Porch
  • Guest House

Community Details

  • Not Applicable 1007242 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4242003007

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,427

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4242003007
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1664.00
  • Stories: 1
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 1292.07

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House
  • Patio And Porch Features: Enclosed
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Gated
  • Total Parking Spaces: 4.00

Utilities

  • Appliances: Dishwasher, Disposal

Lot Info

  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 10412.00

Multi Family

  • Lease Considered: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2023
Sold by
Vicky17 Llc
Bought by
Maloof Family Trust and Maloof
Current Estimated Value
$7,196,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,712,500
Outstanding Balance
$4,628,401
Interest Rate
7.12%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,568,183

Purchase Details

Listed on
Feb 27, 2017
Closed on
Jun 7, 2017
Sold by
Arko Group Llc
Bought by
Vicky17 Llc
Seller's Agent
Moshe Cohen
Option Realty
Buyer's Agent
Moshe Cohen
Option Realty
List Price
$2,650,000
Sold Price
$2,150,000
Premium/Discount to List
-$500,000
-18.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.92%

Purchase Details

Listed on
Oct 8, 2015
Closed on
Feb 16, 2016
Sold by
Preston Marlene Gray and The Susser Preston Family Trus
Bought by
Arko Group Llc
Seller's Agent
Linda Light
Coldwell Banker Realty
Buyer's Agent
F. Courtney Norman
Corcoran Global Living
List Price
$2,495,000
Sold Price
$2,250,000
Premium/Discount to List
-$245,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.54%
Original Mortgage
$1,475,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 2015
Sold by
The Susser Preston Family Trust
Bought by
Preston Marlene Gray and The Susser Preston Family Trus

Purchase Details

Closed on
Jun 30, 2011
Sold by
Preston Marlene Gray and Light Linda
Bought by
The Susser Preston Family Trust

Purchase Details

Closed on
Jun 10, 2011
Sold by
The Susser Preston Family Trust
Bought by
Preston Marlene Gray and Light Linda

Purchase Details

Closed on
Aug 27, 2003
Sold by
Preston Marlene Gray
Bought by
Susser Jack Aaron and Preston Marlene Gray
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maloof Family Trust -- Wfg National Title
Vicky17 Llc $2,150,000 Title 365
Arko Group Llc $2,250,000 Lawyers Title
Preston Marlene Gray -- Accommodation
The Susser Preston Family Trust -- None Available
Preston Marlene Gray -- None Available
Preston Marlene Gray -- None Available
Susser Jack Aaron -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maloof Family Trust $4,712,500
Previous Owner Arko Group Llc $1,475,000
Previous Owner The Susser Preston Family Trust $370,500
Previous Owner Preston Marlene Gray $373,200
Previous Owner Light Linda $424,000
Previous Owner Light Linda $422,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2017 06/27/17 Sold $2,150,000 -18.9% $1,292 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $2,650,000 +17.8% $1,593 / Sq Ft
03/25/2016 03/25/16 Sold $2,250,000 -2.0% --
10/23/2015 10/23/15 Price Changed $2,295,000 -8.0% --
10/08/2015 10/08/15 For Sale $2,495,000 -- --
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

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 $47,427 $3,996,327 $2,495,257 $1,501,070
2024 $47,427 $3,917,969 $2,446,331 $1,471,638
2023 $46,498 $3,841,147 $2,398,364 $1,442,783
2022 $44,317 $3,765,832 $2,351,338 $1,414,494
2021 $43,793 $3,691,993 $2,305,234 $1,386,759
2020 $26,912 $2,768,137 $2,281,597 $486,540
2019 $32,117 $2,713,860 $2,236,860 $477,000
2018 $28,278 $2,340,899 $1,806,550 $534,349
2016 $4,678 $371,061 $259,748 $111,313
2015 $4,612 $365,488 $255,847 $109,641
2014 $4,638 $358,330 $250,836 $107,494
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Moshe Cohen

    Option Realty

  • Linda Light

    Seller's Agent in 2016

    Linda Light

    Coldwell Banker Realty

    (310) 963-7010

    3 in this area

    34 Total Sales

    Linda Light
    Section Image

  • F

    Buyer's Agent in 2016

    F. Courtney Norman

    Corcoran Global Living

See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: 217002066

Ventura County Regional Data Share

APN: 4242-003-007

California Los Angeles County Venice 90291 Venice

1037 Victoria Ave, Venice, CA

This home is located at 1037 Victoria Ave, Venice, CA 90291 since 27 February 2017 and is currently estimated at $7,196,584, approximately $4,324 per square foot. This property was built in 1924. 1037 Victoria Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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