M
Seller's Agent in 2021
Mike Motamedi
LPT Realty, Inc
(619) 393-6633
2 in this area
5 Total Sales
1801 Shell Ave Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,465,000 - $3,143,912
3
Beds
2
Baths
2,646
Sq Ft
$1,013/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Corner Lot
- Beamed Ceilings
- Broadway Elementary Rated A-
- No HOA
- Balcony
About This Home
As of January 2021High Equity Venice Fixer, just 3 blocks from Abbot Kinney Blvd. Charming classic craftsman and detached artist’s unit, in one of the most tranquil nooks in Venice. The main house shows as a 3+1, with approx 1800 SF, and plenty of space to potentially reconfigure. There are also multiple bonus areas, including a large enclosed sunroom that adds to the spacious, open feel of the home. Most of the original details and built-ins are still in place, providing an opportunity to update the property while still respecting the original character of the house and neighborhood. Other craftsmans in the area have also added a 2nd story to the original homes. In the back of the lot sits an 856 SF, detached, 1 + 1 unit, which can also be accessed through its own private fence on Superba. A current average sales price of $1290 / SF for homes in 90291, would give a possible after repair value in the mid 3s. With many of the properties in the immediate vicinity being listed or sold for well above the average, there is significant upside potential for an investor who can bring the property up to the current neighborhood standards, or an owner/builder who is willing to put in the sweat equity to customize their dream home while maximizing ROI. This is a fixer and the entire property is in need of significant updating and repairs.
Last Agent to Sell the Property
LPT Realty, Inc License #01517869 Listed on: 10/16/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,253
Year Built
- Built in 1912
Lot Details
- 4,047 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 2 Car Garage
Interior Spaces
- 2,646 Sq Ft Home
- Beamed Ceilings
- Fireplace
- Wood Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Balcony
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 1 / 1
- Tax Tract Number 67
- Assessor Parcel Number 4241027001
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,200
- Insurance Expense $1,200
- Trash Expense $600
- Water Sewer Expense $1,200
- New Taxes Expense $39,800
- Operating Expense $44,000
- Gross Income $115,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2020
Closed on
Jan 21, 2021
Sold by
Clemens Curt
Bought by
Linden Kate
Seller's Agent
Mike Motamedi
LPT Realty, Inc
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$2,095,000
Sold Price
$2,037,500
Premium/Discount to List
-$57,500
-2.74%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$730,156
Avg. Annual Appreciation
6.22%
Original Mortgage
$1,053,000
Outstanding Balance
$943,459
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$1,737,769
Purchase Details
Listed on
Jun 24, 2019
Closed on
Jul 30, 2019
Sold by
Wolland Deborah
Bought by
Clemens Curt
Seller's Agent
Amy Black
Redfin
Buyer's Agent
Brian Whitcanack
List Price
$2,070,000
Sold Price
$2,050,000
Premium/Discount to List
-$20,000
-0.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.41%
Purchase Details
Closed on
Jul 27, 2017
Sold by
Wolland Deborah and Nancy Mcculloch Trust
Bought by
Wolland Deborah
Purchase Details
Closed on
Mar 30, 2015
Sold by
Mcculloch Nancy
Bought by
Mcculoch Nancy and Nancy Mcculloch Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Linden Kate | $2,037,500 | Chicago Title Company | |
| Clemens Curt | $2,050,000 | Fidelity National Title | |
| Wolland Deborah | -- | None Available | |
| Mcculoch Nancy | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Linden Kate | $1,053,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/26/2021 01/26/21 | Sold | $2,037,500 | 0.0% | $770 / Sq Ft |
| 01/26/2021 01/26/21 | Sold | $2,037,500 | -2.7% | $770 / Sq Ft |
| 10/16/2020 10/16/20 | For Sale | $2,095,000 | 0.0% | $792 / Sq Ft |
| 10/15/2020 10/15/20 | Price Changed | $2,095,000 | -2.6% | $792 / Sq Ft |
| 10/01/2020 10/01/20 | Price Changed | $2,150,000 | -8.9% | $813 / Sq Ft |
| 08/13/2020 08/13/20 | For Sale | $2,360,000 | +15.1% | $892 / Sq Ft |
| 08/05/2019 08/05/19 | Sold | $2,050,000 | -1.0% | $775 / Sq Ft |
| 06/24/2019 06/24/19 | For Sale | $2,070,000 | -- | $782 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $26,253 | $2,205,452 | $1,874,771 | $330,681 |
| 2024 | $26,253 | $2,162,209 | $1,838,011 | $324,198 |
| 2023 | $25,742 | $2,119,814 | $1,801,972 | $317,842 |
| 2022 | $24,537 | $2,078,250 | $1,766,640 | $311,610 |
| 2021 | $24,633 | $2,071,238 | $1,717,612 | $353,626 |
| 2020 | $24,891 | $2,050,000 | $1,700,000 | $350,000 |
| 2019 | $20,950 | $1,759,500 | $1,555,500 | $204,000 |
| 2018 | $1,509 | $117,081 | $41,813 | $75,268 |
| 2017 | $1,478 | $114,787 | $40,994 | $73,793 |
| 2016 | $1,419 | $112,538 | $40,191 | $72,347 |
| 2015 | $1,400 | $110,849 | $39,588 | $71,261 |
| 2014 | $1,418 | $108,679 | $38,813 | $69,866 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
NoEmail NoEmail
None MRML
(646) 541-2551
5 in this area
5,782 Total Sales
-
A
Seller's Agent in 2019
Amy Black
Redfin
-
B
Buyer's Agent in 2019
Brian Whitcanack
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR20218213
APN: 4241-027-001
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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