NOT LISTED FOR SALE

1172 Nelrose Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,639,000 - $2,348,575

3 Beds
2 Baths
1,656 Sq Ft
$1,188/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $1,604,000 $969 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,014/month

93 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Beethoven Street Elementary School Rated 9+
  • 4 Car Attached Garage
  • Open Patio

About This Home

As of May 2023

Amazing Opportunity! Two VACANT homes on one lot! 1172 Nelrose Ave situated on a corner lot with over 6,000 sqft located in Venice's hot east of Lincoln neighborhood. Conveniently located near shops, markets (Whole Foods, Erewhon and Costco), the weekly Venice Farmers Market and restaurants or an easy bike ride to the beach! Great redevelopment potential with LARD 1.5 zoning to create something spectacular. The property consists of side by side vacant duplexes, one featuring a 2 bed & 1 bath with garage and SB8 approval and a detached 1 bed & 1 bath adjacent. Nelrose is central to Santa Monica, Marina Del Rey and major transportation corridors such as Lincoln Blvd and the 90 freeway, bike paths and tech giants like Yahoo, Google, while LMU and LAX are also close by. Buyer to investigate all zoning questions and possible variances with the City. Survey, soils reports and plans available. Located outside of the Venice Coastal Zone.

Last Agent to Sell the Property

Lauren Ravitz

Berkshire Hathaway HomeServices California Properties License #01352397 Listed on: 01/31/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Lauren Ravitz

Berkshire Hathaway HomeServices California Properties License #01352397 Listed on: 01/31/2023

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,988

Year Built

  • Built in 1947

Lot Details

  • 6,034 Sq Ft Lot
  • Property is zoned LARD1.5

Home Design

  • Bungalow

Interior Spaces

  • 1,656 Sq Ft Home
  • Living Room
  • Oven or Range
  • Laundry in Kitchen

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Attached Garage
  • Driveway

Outdoor Features

  • Open Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4236-002-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,988

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1656
  • Lot Acreage: 0.1385
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Linoleum, Hardwood
  • Bedrooms: 3
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator, Range/Oven
  • Fireplace: No
  • Price Per S Q F T: 981.28

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window, Window Unit(s)
  • Heating: Floor Furnace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4236-002-025
  • Lot Size Area: 6034

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
May 11, 2023
Sold by
Gud Construction Llc
Bought by
Nelrose Development Llc
Seller's Agent
Lauren Ravitz
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Lauren Ravitz
Berkshire Hathaway HomeServices California Properties
List Price
$1,950,000
Sold Price
$1,604,000
Premium/Discount to List
-$346,000
-17.74%
Views
81
Current Estimated Value
$1,967,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,144
Avg. Annual Appreciation
8.69%

Purchase Details

Listed on
Nov 5, 2021
Closed on
Feb 7, 2022
Sold by
Chan Living Trust
Bought by
Gud Construction Llc
Seller's Agent
Bekim Hasani
BH Realty
Buyer's Agent
Lauren Ravitz
Berkshire Hathaway HomeServices California Properties
List Price
$1,690,000
Sold Price
$1,735,000
Premium/Discount to List
$45,000
2.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.23%
Original Mortgage
$2,604,000
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 25, 2019
Sold by
G & C Chan Family Limited Partnership
Bought by
Chan Michelle and Chan Family Trust

Purchase Details

Closed on
Oct 9, 1997
Sold by
Chan George K
Bought by
G & C Chan Family Ltd Partnership

Purchase Details

Closed on
Sep 28, 1997
Sold by
Chan George K and Chan Cordelia W
Bought by
Chan George K
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
Nelrose Development Llc $1,604,000 California Title Company
Gud Construction Llc $1,735,000 Commonwealth Land Title
Chan Michelle -- None Available
G & C Chan Family Ltd Partnership -- --
Chan George K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gud Construction Llc $2,604,000
Closed Gud Construction Llc $2,604,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2023 05/17/23 Sold $1,604,000 -1.3% $969 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $1,625,000 -9.5% $981 / Sq Ft
02/24/2023 02/24/23 Price Changed $1,795,000 -7.9% $1,084 / Sq Ft
01/31/2023 01/31/23 For Sale $1,950,000 +12.4% $1,178 / Sq Ft
02/24/2022 02/24/22 Sold $1,735,000 +2.7% $1,048 / Sq Ft View Prior Sale
11/06/2021 11/06/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $1,690,000 -- $1,021 / Sq Ft
Source: The MLS

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 $19,988 $1,668,801 $1,248,480 $420,321
2024 $19,988 $1,636,080 $1,224,000 $412,080
2023 $21,589 $1,769,700 $1,428,000 $341,700
2022 $3,409 $261,417 $143,194 $118,223
2021 $3,359 $256,292 $140,387 $115,905
2020 $15,826 $1,290,000 $1,000,000 $290,000
2019 $3,265 $248,692 $136,224 $112,468
2018 $3,168 $243,816 $133,553 $110,263
2016 $3,020 $234,350 $128,368 $105,982
2015 $2,979 $230,831 $126,440 $104,391
2014 $3,003 $226,311 $123,964 $102,347
Source: Public Records

Agents Affiliated with this Home

  • Lauren Ravitz

    Seller's Agent in 2023

    Lauren Ravitz

    Berkshire Hathaway HomeServices California Properties

    (310) 600-4581

    8 in this area

    133 Total Sales

    Lauren Ravitz
    Section Image

  • B

    Seller's Agent in 2022

    Bekim Hasani

    BH Realty

    (818) 355-4177

    1 in this area

    10 Total Sales

    Bekim Hasani
    Section Image
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Map

Source: The MLS

MLS Number: 23-237429

The MLS

APN: 4236-002-025

California Los Angeles County Venice 90291 Venice

1172 Nelrose Ave, Venice, CA

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