NOT LISTED FOR SALE

1520 Penmar Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,159,000 - $3,981,000

3 Beds
1 Bath
1,050 Sq Ft
$2,794/Sq Ft Est. Value

Last Sold September 09, 2015

Last sale price $1,175,000 $1,119 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $17,978/month

57 Days on Market

Highlights

  • Property is near park
  • No HOA
  • 3-minute walk to Penmar Park
  • Venice High School Rated A

About This Home

As of September 2015

Imagine the possibilities... Don't miss out on this incredible opportunity!! 3 bedroom/1 bath home with detached garage located on rare LARD3 zoned lot in one of the most desirable Venice neighborhoods east of Lincoln Blvd. Renovate now or build new! Perfect for investors and developers. Centrally located close to Penmar Park and Golf Course, schools, shopping, restaurants, Abbot Kinney and The Beach! Walking distance to Whole Foods and Rose Ave. This is your opportunity to get into a Prime Venice area.

Last Agent to Sell the Property

Nicole Estrada

Corcoran Global Living License #01838054 Listed on: 04/17/2015

Last Buyer's Agent

Maile Bryant

Compass License #01850220

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 5,500

Parking

  • 2 Car Garage

Home Design

  • 1,050 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Rain Gutters
  • 5,500 Sq Ft Lot
  • Property is near park
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 15751
  • Assessor Parcel Number 4244018003

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

5,500 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4244018003
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1050.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 1119.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1260

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5500.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 15751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2023
Sold by
Benisti Elad and Hana Chen
Bought by
Benisti Family Trust
Current Estimated Value
$2,933,390

Purchase Details

Listed on
Apr 17, 2015
Closed on
Jul 17, 2015
Sold by
Benisti Elad
Bought by
Beisti Elad and Goldberg Hana
Seller's Agent
Nicole Estrada
Corcoran Global Living
Buyer's Agent
Maile Bryant
Compass
List Price
$1,125,000
Sold Price
$1,175,000
Premium/Discount to List
$50,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%
Original Mortgage
$940,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2015
Closed on
Jul 16, 2015
Sold by
Kapelson David
Bought by
Benisti Elad
Seller's Agent
Nicole Estrada
Corcoran Global Living
Buyer's Agent
Maile Bryant
Compass
List Price
$1,125,000
Sold Price
$1,175,000
Premium/Discount to List
$50,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 1999
Sold by
Crone Cathleen P
Bought by
Kapelson David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.73%

Purchase Details

Closed on
Jul 16, 1997
Sold by
Lovil Roger Wesley and Lovil Yvonne
Bought by
Crone Cathleen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
5.75%
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
Benisti Family Trust -- --
Beisti Elad -- None Available
Benisti Elad -- Progressive Title Company
Benisti Elad $1,175,000 Progressive
Kapelson David $256,000 Commonwealth Land Title Co
Crone Cathleen P $199,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benisti Elad $940,000
Previous Owner Kapelson David $200,000
Previous Owner Crone Cathleen P $179,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2015 09/09/15 Sold $1,175,000 0.0% $1,119 / Sq Ft
06/13/2015 06/13/15 Pending -- -- --
05/27/2015 05/27/15 Price Changed $1,175,000 +4.4% $1,119 / Sq Ft
04/17/2015 04/17/15 For Sale $1,125,000 -- $1,071 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $34,392 $2,910,391 $1,390,958 $1,519,433
2024 $34,392 $2,853,326 $1,363,685 $1,489,641
2023 $33,716 $2,797,380 $1,336,947 $1,460,433
2022 $32,131 $2,742,531 $1,310,733 $1,431,798
2021 $31,835 $2,688,757 $1,285,033 $1,403,724
2019 $30,872 $2,609,009 $1,246,919 $1,362,090
2018 $21,325 $1,766,970 $1,222,470 $544,500
2016 $14,179 $1,175,000 $940,000 $235,000
2015 $4,156 $333,918 $281,749 $52,169
2014 $4,178 $327,378 $276,230 $51,148
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nicole Estrada

    Corcoran Global Living

  • Maile Bryant

    Buyer's Agent in 2015

    Maile Bryant

    Compass

    (310) 482-2200

    19 Total Sales

    Maile Bryant
    Section Image
  • Pete Castro

    Buyer Co-Listing Agent in 2015

    Pete Castro

    Compass

    (310) 482-2100

    39 Total Sales

    Pete Castro
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15094991

California Regional Multiple Listing Service (CRMLS)

APN: 4244-018-003

California Los Angeles County Venice 90291 Venice

1520 Penmar Ave, Venice, CA

Not Listed for Sale

Detached

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