NOT LISTED FOR SALE

1740 Penmar Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,189,000 - $2,843,000

2 Beds
2 Baths
1,504 Sq Ft
$1,622/Sq Ft Est. Value

Last Sold September 06, 2016

Last sale price $1,600,000 $1,064 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $14,381/month

105 Days on Market

Highlights

  • Room in yard for a pool
  • No HOA
  • Living Room
  • Venice High School Rated A
  • Den
  • Open Patio

About This Home

As of September 2016

Perfectly priced developer opportunity! Prime Westside real estate, your chance to acquire a large corner lot in Venice's fastest growing neighborhood. Moments from the Rose Corridor, Santa Monica, & everything Venice, this conveniently located residence offers a prime canvas to create your picturesque Venice dream home. Positioned on an expansive corner lot which has an opportunity to reorient the home to equip an entrance on Preston Way, this near 7,000sqft piece of land provides one of the last rare offerings with the ability to expand or build a home bigger than 3,000sqft east of Lincoln. A perfect landscape to design your ideal modern, architectural, traditional, or farmhouse styled home in a thoughtfully growing Venice location. Bring your vision and your designers! See Private Remarks.

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 11/06/2015

Last Buyer's Agent

Brook Fain

License #01336668

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 6,931 Sq Ft Lot
  • Property is zoned LARD3

Home Design

  • Bungalow
  • Fixer Upper

Interior Spaces

  • 1,504 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Den
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Room in yard for a pool
  • Open Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4244-026-001

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

6,931 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 1504
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 994.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Heating: Wall
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4244-026-001
  • Geocode Override: No
  • Lot Size Area: 6931

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Oct 11, 2016
Sold by
Napa Industries Llc
Bought by
Penmar Properties Llc
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Brook Fain
List Price
$1,655,000
Sold Price
$1,600,000
Premium/Discount to List
-$55,000
-3.32%
Current Estimated Value
$2,439,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,708
Avg. Annual Appreciation
4.55%

Purchase Details

Closed on
Feb 2, 2016
Sold by
Verum Ventures Llc
Bought by
Napa Industries Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 24, 2013
Closed on
Aug 14, 2013
Sold by
Rasberry Sherry
Bought by
Verum Ventures Llc
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Daniel Pickart
Newmark Estates
List Price
$1,029,000
Sold Price
$1,150,000
Premium/Discount to List
$121,000
11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
Original Mortgage
$747,000
Interest Rate
4.36%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 25, 2002
Sold by
Bird Gwendolen
Bought by
Bird Gwendolen and Gwendolen Bird Revocable Living Trust
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
Penmar Properties Llc -- None Available
Napa Industries Llc $1,600,000 Fidelity National Title Co
Verum Ventures Llc $1,150,000 Fidelity National Title Co
Bird Gwendolen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Napa Industries Llc $800,000
Previous Owner Verum Ventures Llc $747,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2016 09/06/16 Sold $1,600,000 +7.0% $1,064 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
01/21/2016 01/21/16 Price Changed $1,495,000 -9.7% $994 / Sq Ft
11/06/2015 11/06/15 For Sale $1,655,000 +43.9% $1,100 / Sq Ft
08/31/2013 08/31/13 Sold $1,150,000 +11.8% $765 / Sq Ft View Prior Sale
08/05/2013 08/05/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $1,029,000 -- $684 / 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 $22,194 $1,856,934 $1,485,548 $371,386
2024 $22,194 $1,820,524 $1,456,420 $364,104
2023 $21,764 $1,784,828 $1,427,863 $356,965
2022 $20,750 $1,749,832 $1,399,866 $349,966
2021 $20,502 $1,715,522 $1,372,418 $343,104
2019 $19,887 $1,664,640 $1,331,712 $332,928
2018 $19,778 $1,632,000 $1,305,600 $326,400
2016 $14,430 $1,190,863 $952,691 $238,172
2015 $14,218 $1,172,976 $938,381 $234,595
2014 $14,265 $1,150,000 $920,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Tamra Pardee

    Seller's Agent in 2016

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    226 in this area

    838 Total Sales

    Tamra Pardee
    Section Image

  • B

    Buyer's Agent in 2016

    Brook Fain

  • Daniel Pickart

    Buyer's Agent in 2013

    Daniel Pickart

    Newmark Estates

    (310) 407-6515

    1 in this area

    8 Total Sales

    Daniel Pickart
    Section Image
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Map

Source: The MLS

MLS Number: 15-957005

The MLS

APN: 4244-026-001

California Los Angeles County Venice 90291 Venice

1740 Penmar Ave, Venice, CA

Not Listed for Sale

Detached

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