NOT LISTED FOR SALE

1500 Main St Venice, CA 90291

Venice Neighborhood
0.24 Acre
-- Price per Acre
10,706 Sq Ft Lot

Last Sold March 29, 2013

Last sale price $4,049,000 $1,389 Per Sq Ft

489 Days on Market

Highlights

  • 10,706 Sq Ft lot
  • Views
  • 4-minute walk to Westminster Dog Park
  • Venice High School Rated A

About This Lot

As of March 2013

VENICE POST OFFICE REPORTEDLY IN ESCROW WITH ICONIC MOVIE PRODUCER. AMPLIFY MOVES IN ON WINDWARD CIRCLE - "SOON TO BE THE HUB OF L.A.'S TECH SCENE". GOOGLE IS JUST DOWN THE STREET. THIS LOCATION IS SUPER HOT! Prime Venice development opportunity on huge lot. Highly prominent location on Windward Circle. Perfect site for residential/restaurant/retail/office development. Heavy foot and auto traffic year round. 22 PARKING! Head west 2 blocks to Venice Beach and 2 blocks east to Abbot Kinney Blvd for exclusive boutiques, galleries and upscale eateries. Structure on site (currently a Senior Center) has full commercial kitchen, offices and Ladies/Gents Restrooms w/ 5 stalls in each. Security gates on Main, Market and rear alley offer great traffic flow. Wired for alarm system. Central heat and A/C. Plans avail for approx 2500 S.F. addition. Google and Amplify will bring a new generation of affluent clientele to Venice. Seller prefers to lease back but also may deliver vacant.

Last Agent to Sell the Property

Caroline Weaver

Compass License #01479469 Listed on: 10/01/2011

Compass

Last Buyer's Agent

Dee Hong

Bee Investment, Inc. License #01457212

Property Details

Property Type

  • Land

Lot Details

  • 10,706 Sq Ft Lot

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 4238-013-001

Property Details

Property Type

Land

Lot Details

10,706 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Electric: On Site
  • Gas: On Site
  • Telephone: Yes
  • Water: On Site

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4238-013-001
  • Lot Size Area: 10706

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2013
Sold by
Chaing Jung Y and Chaing Hoon Ae
Bought by
The Jung Y Chaing & Hoon Ae Chaing Livin

Purchase Details

Listed on
Oct 1, 2011
Closed on
Mar 27, 2013
Sold by
Corporate Life Inc
Bought by
Chaing Jung Yong and Chaing Hoonae
Seller's Agent
Caroline Weaver
Compass
Buyer's Agent
Dee Hong
Bee Investment, Inc.
List Price
$4,995,000
Sold Price
$4,049,000
Premium/Discount to List
-$946,000
-18.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,051,675
Outstanding Balance
$2,156,017
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2010
Sold by
Oceanview Adult Day Health Care Center I
Bought by
Corporate Life Inc

Purchase Details

Closed on
Mar 8, 2002
Sold by
Makhani John and Makhani Angel Simantob
Bought by
Oceanview Adult Day Health Care Center I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,061,250
Interest Rate
6.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 31, 1997
Sold by
Sakhai Siroos
Bought by
Makhani John and Makhani Angel Simantob

Purchase Details

Closed on
Feb 2, 1995
Sold by
Makhani John
Bought by
Sakhai Siroos

Purchase Details

Closed on
Apr 21, 1992
Sold by
Makhani Faramarz and Makhani John
Bought by
Makhani John
Source: Public Records
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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
The Jung Y Chaing & Hoon Ae Chaing Livin -- None Available
Chaing Jung Yong $4,049,040 None Available
Corporate Life Inc -- Equity Title Company
Oceanview Adult Day Health Care Center I $1,415,000 Chicago Title
Makhani John -- --
Sakhai Siroos $424,000 --
Makhani John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaing Jung Yong $3,051,675
Previous Owner Oceanview Adult Day Health Care Center I $1,061,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2013 03/29/13 Sold $4,049,000 -18.9% $1,389 / Sq Ft
02/01/2013 02/01/13 Pending -- -- --
10/01/2011 10/01/11 For Sale $4,995,000 -- $1,714 / 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 $51,118 $3,521,878 $3,275,596 $246,282
2024 $51,118 $3,452,822 $3,211,369 $241,453
2023 $49,908 $3,385,120 $3,148,401 $236,719
2022 $47,986 $3,318,746 $3,086,668 $232,078
2021 $47,517 $3,253,674 $3,026,146 $227,528
2019 $46,350 $3,157,170 $2,936,390 $220,780
2018 $45,751 $3,095,265 $2,878,814 $216,451
2016 $35,868 $2,975,074 $2,767,027 $208,047
2015 $35,411 $2,930,386 $2,725,464 $204,922
2014 $35,506 $2,872,984 $2,672,076 $200,908
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Caroline Weaver

    Compass

    Section Image
  • Dee Hong

    Buyer's Agent in 2013

    Dee Hong

    Bee Investment, Inc.

    (310) 926-8377

    Dee Hong
    Section Image

  • D

    Buyer's Agent in 2013

    Dee Jay Hong

    Keller Williams Silicon Beach

See All Agents

Map

Source: The MLS

MLS Number: 11-558075

The MLS

APN: 4238-013-001

California Los Angeles County Venice 90291 Venice

1500 Main St, Venice, CA

Not Listed for Sale

Lots

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