NOT LISTED FOR SALE

125 Park Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,581,000 - $1,865,000

2 Beds
2 Baths
1,512 Sq Ft
$1,162/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $1,422,000 $940 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,355/month

16 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Living Room
  • Venice High School Rated A
  • No HOA
  • 5-minute walk to Westminster Dog Park

About This Home

As of July 2022

Great opportunity on one of the prime beach walk-streets to re-develop or remodel this two-unit surf shack steps to both Abbot Kinney's great shops and restaurants and the world famous Venice Beach boardwalk. This is a probate sale and while it is not subject to overbid, will need court approval. Duplex is currently 1512 sq' on a 2,250 sq' lot zoned LARD1.5 (per public record), and parking for 4+ off the alley. Property to be delivered vacant at close of escrow.

Last Agent to Sell the Property

Tracey Becker

Compass License #01975821 Listed on: 05/02/2022

Compass

Co-Listed By

Tiffany Rochelle

Compass License #01247487

Last Buyer's Agent

Stefan Pommepuy

The Agency License #01817077

The Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 2,250 Sq Ft Lot
  • Property is zoned LARD1.5

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,512 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Oven or Range
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Attached Carport Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4286-014-021

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1512
  • Lot Acreage: 0.0517
  • Probate: Yes
  • Stories: 2
  • Year Built: 1970
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile, Carpet
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 849.87

Exterior Features

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

Garage/Parking

  • Carport Spaces: 2
  • Other Spaces: 3
  • Parking Garage: Driveway, Carport Attached
  • Total Parking: 5

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4286-014-021
  • Lot Size Area: 2250

Rental Info

  • Court Approve: Yes

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Gossner Martin
Bought by
Gossner Martin and Gossner Corinna
Current Estimated Value
$1,695,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,394,775
Interest Rate
7.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gossner Martin -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gossner Martin $1,394,775
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2022 07/28/22 Sold $1,422,000 +10.7% $940 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $1,285,000 -- $850 / 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 $17,628 $1,479,448 $1,352,520 $126,928
2024 $17,628 $1,450,440 $1,326,000 $124,440
2023 $17,286 $1,422,000 $1,300,000 $122,000
2022 $4,587 $380,802 $196,839 $183,963
2021 $4,521 $373,336 $192,980 $180,356
2019 $4,385 $362,264 $187,257 $175,007
2018 $4,339 $355,162 $183,586 $171,576
2016 $4,138 $341,372 $176,458 $164,914
2015 $4,077 $336,245 $173,808 $162,437
2014 $4,101 $329,660 $170,404 $159,256
Source: Public Records

Agents Affiliated with this Home

  • Tracey Becker

    Seller's Agent in 2022

    Tracey Becker

    Compass

    (310) 988-9766

    42 in this area

    102 Total Sales

    Tracey Becker
    Section Image
  • Tiffany Rochelle

    Seller Co-Listing Agent in 2022

    Tiffany Rochelle

    Compass

    (310) 210-2213

    36 in this area

    74 Total Sales

    Tiffany Rochelle
    Section Image
  • Stefan Pommepuy

    Buyer's Agent in 2022

    Stefan Pommepuy

    The Agency

    (310) 562-6264

    1 in this area

    47 Total Sales

    Stefan Pommepuy
    Section Image
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Map

Source: The MLS

MLS Number: 22-150491

The MLS

APN: 4286-014-021

California Los Angeles County Venice 90291 Venice

125 Park Place, Venice, CA

Not Listed for Sale

Detached

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