RENTED JAN 21, 2025

1614 Crescent Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,156,000 - $5,081,000

5 Beds
3 Baths
3,011 Sq Ft
$1,426/Sq Ft Est. Value

Highlights

  • Detached Guest House
  • Wood Flooring
  • Air Conditioning
  • Broadway Elementary Rated A
  • Furnished
  • Laundry Room

About This Home

As of January 2025

Extremely secluded and private one of a kind walk-street compound. Located near Abbot Kinney shops and restaurants, this serene oasis offers 4 bedrooms, a large dining room, spacious den and bright galley kitchen with built-in eating booth. Huge sunken family room opens to incredible outdoor living space with massive private mature garden and large deck with custom Corten steel fire pit. The expansive primary suite covers the entire upstairs, includes a huge walk-in closet with sitting room, bright sunny home office and luxurious bath with smooth finish concrete shower walls and floor. Gated covered parking for 2 with elec entry included as well. Comes fully furnished with everything needed to enjoy the perfect Southern California lifestyle. Truly a special Venice offering.

Last Agent to Rent the Property

Coleman Eisner

Berkshire Hathaway HomeServices California Properties License #01326482 Listed on: 01/02/2025

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Peter Roach

Abbot Kinney Real Estate Inc. License #02021901

Abbot Kinney Real Estate Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 7,194 Sq Ft Lot
  • Lot Dimensions are 53x137
  • Property is zoned LAR2

Interior Spaces

  • 3,011 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Attached Carport
  • Automatic Gate

Additional Homes

  • Detached Guest House

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Security Deposit $39,000
  • Tenant pays for electricity, gas, insurance, water, trash collection
  • Rent includes gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 4241-014-016

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Furnished: Furnished
  • Rent Excludes: Utilities
  • Rent Includes: Gardener
  • Security Deposit: 39000
  • Tenant Pays: Electricity, Gas, Insurance, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 3011
  • Lot Acreage: 0.1652
  • Lot Dimensions: 53x137
  • Probate: No
  • Stories: 2
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 6.48

Exterior Features

  • Guest House: Detached
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Carport Attached, Auto Driveway Gate
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4241-014-016
  • Lot Size Area: 7194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2015
Sold by
Shevitz Daniel R
Bought by
Shevitz Daniel R and The Daniel R Shevitz Revocable
Current Estimated Value
$4,294,544

Purchase Details

Closed on
Apr 8, 2011
Sold by
Binder Eric and The 1614 Crescent Place Trust
Bought by
Vadas Alexander and Vadas Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,321,250
Outstanding Balance
$1,508,730
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$2,785,814

Purchase Details

Closed on
Dec 29, 2009
Sold by
Browne Aldis J and Browne Maria Munroe
Bought by
Binder Eric and The 1614 Crescent Place Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,627,500
Interest Rate
4.77%
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
Shevitz Daniel R -- None Available
Vadas Alexander $3,095,030 Lawyers Title Company
Binder Eric $2,325,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vadas Alexander $2,321,250
Previous Owner Binder Eric $1,627,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2025 01/21/25 Rented $22,500 +15.4% --
01/10/2025 01/10/25 Under Contract -- -- --
01/02/2025 01/02/25 For Rent $19,500 +5.4% --
07/22/2024 07/22/24 Rented $18,500 -1.3% --
07/16/2024 07/16/24 Under Contract -- -- --
07/08/2024 07/08/24 Price Changed $18,750 -5.1% $6 / Sq Ft
06/05/2024 06/05/24 For Rent $19,750 +14.5% --
07/11/2022 07/11/22 Rented $17,250 -4.2% --
06/22/2022 06/22/22 Price Changed $18,000 -2.7% $6 / Sq Ft
06/06/2022 06/06/22 Price Changed $18,500 -5.1% $6 / Sq Ft
05/05/2022 05/05/22 For Rent $19,500 +2.6% --
11/22/2021 11/22/21 Rented $19,000 -5.0% --
11/01/2021 11/01/21 Price Changed $20,000 0.0% $7 / Sq Ft
11/01/2021 11/01/21 For Rent $20,000 -13.0% --
10/27/2021 10/27/21 Off Market $23,000 -- --
09/20/2021 09/20/21 For Rent $23,000 -- --
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 $46,913 $3,965,235 $2,558,251 $1,406,984
2024 $46,913 $3,887,487 $2,508,090 $1,379,397
2023 $45,991 $3,811,262 $2,458,912 $1,352,350
2022 $43,828 $3,736,533 $2,410,699 $1,325,834
2021 $43,303 $3,663,269 $2,363,431 $1,299,838
2019 $41,989 $3,554,616 $2,293,331 $1,261,285
2018 $41,866 $3,484,918 $2,248,364 $1,236,554
2016 $40,063 $3,349,596 $2,161,058 $1,188,538
2015 $39,468 $3,299,283 $2,128,597 $1,170,686
2014 $39,572 $3,234,655 $2,086,901 $1,147,754
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-475715

The MLS

APN: 4241-014-016