NOT LISTED FOR SALE

Estimated Value: $2,589,000 - $3,430,000

4 Beds
6 Baths
3,614 Sq Ft
$818/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $2,715,000 $751 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $18,286/month

38 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Wood Flooring
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Maid or Guest Quarters
  • Modern Architecture

About This Home

As of December 2021

Build your dream ocean view/beach home on a prestigious Venice Beach walk-street! Vacant lot with fully entitled building plans, permit is in Ready To Issue (RTI) status. Plans are for construction of a stunning 3-story, 3 bedroom + 3.5 bathroom single family home that is 2,799 sf, and an attached 2-story, 1 bed / 1.5 bath loft ADU unit that is 815 sf. Designed by architectural firm LARC, Inc. this modern architectural gem has thoughtful details and designs throughout. Direct ocean views from multiple levels of balconies and an expansive roof deck. The front house has approved 280 sf of balcony space and a 680 sf roof deck! Versatile design which includes a two level loft ADU unit at the rear of the property with its own entrance and access and 115 sf balcony. The ADU unit itself can generate up to $5,000-$6,000/month in rent to help offset the mortgage. Parking consists of a 2-car enclosed garage with an additional space behind the garage. The ADU has 1 carport parking space for a total of 4 car parking. The approved plans include a 5 foot front yard setback reduction variance which enhances the ocean and sunset views even more! Full plans available to view upon request from serious interested buyers.

Last Agent to Sell the Property

David Schuchman

Roque & Mark Company, Inc. License #01472937 Listed on: 07/30/2021

Last Buyer's Agent

Drew Glickman

eXp Realty of Greater Los Angeles License #01493846

eXp Realty of Greater Los Angeles

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,728

Year Built

  • Built in 2021

Lot Details

  • 2,641 Sq Ft Lot
  • South Facing Home
  • Property is zoned LARD1.5

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Tandem Parking

Home Design

  • Modern Architecture

Interior Spaces

  • 3,614 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Family Room on Second Floor
  • Wood Flooring
  • Ocean Views

Kitchen

  • Breakfast Room
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Central Heating
  • Property is located within a water district
  • Sewer in Street

Additional Features

  • Covered Patio or Porch
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4226-021-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,728

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Levels: Three Or More
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3614
  • Lot Acreage: 0.0606
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 3
  • Year Built: 2021
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 2
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Room, In Kitchen, Kitchen Island
  • Laundry: Inside
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Gas Dryer Hookup, Washer
  • Price Per S Q F T: 801.05
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Other Structures: Accessory Dwelling Unit
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 2
  • Covered Parking: 1
  • Parking Garage: Garage - 4+ Car, Attached, Tandem
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Sewer: In Street
  • Water: In Street, District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4226-021-019
  • Lot Location: Alley Access
  • Lot Size Area: 2641

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 28, 2021
Sold by
From The West Side Llc
Bought by
Kerns Michael D and Leboeuf Sarah J
Seller's Agent
David Schuchman
Roque & Mark Company, Inc.
Buyer's Agent
Drew Glickman
eXp Realty of Greater Los Angeles
List Price
$2,895,000
Sold Price
$2,715,000
Premium/Discount to List
-$180,000
-6.22%
Current Estimated Value
$2,954,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,865
Avg. Annual Appreciation
2.66%
Original Mortgage
$1,350,000
Outstanding Balance
$1,253,458
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,742,595

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 26, 2021
Sold by
Vdm Limited Llc
Bought by
From The West Side Llc
Seller's Agent
David Schuchman
Roque & Mark Company, Inc.
Buyer's Agent
Drew Glickman
eXp Realty of Greater Los Angeles
List Price
$2,895,000
Sold Price
$2,715,000
Premium/Discount to List
-$180,000
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,253,458
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,742,595

Purchase Details

Listed on
Jun 10, 2016
Closed on
Sep 7, 2016
Sold by
Halprin Martin
Bought by
Vdm Limited Llc
Seller's Agent
Sherry Rich
Realty Minded
Buyer's Agent
Mark Salkin
Realty Minded
List Price
$1,899,000
Sold Price
$1,712,500
Premium/Discount to List
-$186,500
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$1,000,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 24, 2003
Sold by
Stewart Raymond
Bought by
Halprin Jack A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.85%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 1998
Sold by
Stewart Raymond
Bought by
Stewart Raymond and Stewart Vera

Purchase Details

Closed on
Apr 28, 1998
Sold by
Shirkin Kirsten Seebohm
Bought by
Shirken Brian

Purchase Details

Closed on
Apr 9, 1998
Sold by
Shirken Brian
Bought by
Stewart Raymond and Stewart Vera
Source: Public Records

Range of Values:

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Average Value
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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
Kerns Michael D $2,715,000 Fidelity National Title
From The West Side Llc -- Fidelity National Title
Vdm Limited Llc $1,712,500 Fidelity Sherman Oaks
Halprin Jack A $825,000 Southland Title Company
Stewart Raymond -- First American Title Co
Shirken Brian -- North American Title Co
Stewart Raymond $395,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerns Michael D $1,350,000
Previous Owner Vdm Limited Llc $1,000,000
Previous Owner Halprin Jack A $732,500
Previous Owner Halprin Jack A $100,000
Previous Owner Halprin Jack A $668,663
Previous Owner Halprin Jack A $406,000
Previous Owner Halprin Jack A $284,000
Previous Owner Halprin Jack A $674,000
Previous Owner Halprin Jack A $250,000
Previous Owner Halprin Jack $75,000
Previous Owner Manning John J $90,000
Previous Owner Halprin Jack A $660,000
Previous Owner Stewart Raymond $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $2,715,000 -6.2% $751 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $2,895,000 +69.1% $801 / Sq Ft
10/03/2016 10/03/16 Sold $1,712,500 -9.8% $923 / Sq Ft
06/10/2016 06/10/16 For Sale $1,899,000 -- $1,023 / Sq Ft
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 $27,728 $2,334,657 $2,122,416 $212,241
2024 $27,728 $2,288,880 $2,080,800 $208,080
2023 $27,187 $2,244,000 $2,040,000 $204,000
2022 $31,915 $2,715,000 $2,300,000 $415,000
2021 $21,833 $1,836,143 $1,715,522 $120,621
2019 $21,174 $1,781,685 $1,664,640 $117,045
2018 $21,119 $1,746,750 $1,632,000 $114,750
2016 $12,230 $1,009,351 $887,010 $122,341
2015 $11,967 $994,191 $873,687 $120,504
2014 $12,017 $974,717 $856,573 $118,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-765560

The MLS

APN: 4226-021-019