NOT LISTED FOR SALE

21 Wavecrest Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,583,254 - $2,816,000

6 Beds
4 Baths
2,160 Sq Ft
$1,246/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $2,520,000 $1,167 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $17,276/month

130 Days on Market

Highlights

  • Beach Front
  • Deck
  • Air Conditioning
  • Venice High School Rated A
  • Balcony
  • 2-minute walk to Westminster Dog Park

About This Home

As of April 2022

*PRICE REDUCTION* Location, Location, Location! This prime trophy Venice Beach Duplex is steps from the beach and world-famous oceanfront boardwalk. Investors dream or owner/user property with tremendous income potential. Two Architectural 3 bedroom / 2 bath units which can be delivered vacant that are ideal for short or long-term rentals, along with an additional studio unit. Amazing Venice property with a yoga studio and live/work office space. This 7 bedroom / 5 bath property is beautifully maintained with gorgeous finishes. 6 parking spaces, mature trees, skylights, exterior decks, and an abundance of natural light, this is an opportunity not to be missed. Close proximity to Abbott Kinney, trendy restaurants, lounged, wellness centers and clubs - this is the ideal property for anyone looking for peace, tranquility, and entertainment. Perfect for an investor or an owner/user; this property is the gem of Venice Beach.

Last Agent to Sell the Property

Jordan Lamp

Revel Real Estate License #02133388 Listed on: 09/24/2021

Co-Listed By

Karim Ghelani

Revel Real Estate License #01920553

Last Buyer's Agent

Albert Maddox

Albert Maddox, Realtor License #00326487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,735

Year Built

  • Built in 1980

Lot Details

  • 2,698 Sq Ft Lot
  • Lot Dimensions are 30x90
  • Beach Front

Parking

  • 6 Car Garage
  • Garage Door Opener

Home Design

  • 2,160 Sq Ft Home

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Air Conditioning

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-003-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,735

Year Built

Built in 1980

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2160
  • Lot Acreage: 0.0619
  • Lot Dimensions: 30x90
  • Year Built: 1980
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Laundry: Garage
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal
  • Price Per S Q F T: 1226.85

Exterior Features

  • Other Structures: Other
  • Patio: Balcony, Deck(s)
  • Pool: No
  • Spa Yn: No
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking: 6
  • Parking Garage: Garage - 4+ Car, Covered Parking, Door Opener, Private Garage
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Combination
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 21.74
  • Assessed Improvement Value: 541216
  • Assessed Land Percent: 78.26
  • Assessed Land Value: 1948377
  • Total Assessed Value: 2489593
  • Assessor Parcel Number: 4226-003-012
  • Lot Location: Alley Access, Beach Access, Beach Front
  • Lot Size Area: 2698

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 13.20
  • Number Of Units: 2
  • Total Annual Expense: 51000
  • Type Of Units: Duplex Units
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Apr 5, 2022
Sold by
Deloise Maddox Dorothy
Bought by
Maddox Albert O
Seller's Agent
Jordan Lamp
Revel Real Estate
Buyer's Agent
Albert Maddox
Albert Maddox, Realtor
List Price
$2,700,000
Sold Price
$2,520,000
Premium/Discount to List
-$180,000
-6.67%
Current Estimated Value
$2,690,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,314
Avg. Annual Appreciation
2.16%
Original Mortgage
$1,764,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2021
Closed on
Feb 7, 2022
Sold by
Olga Strathearn Revocable Trust
Bought by
Maddox Jason B and Maddox Albert O
Seller's Agent
Jordan Lamp
Revel Real Estate
Buyer's Agent
Albert Maddox
Albert Maddox, Realtor
List Price
$2,700,000
Sold Price
$2,520,000
Premium/Discount to List
-$180,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,764,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2017
Sold by
Strathearn Olga
Bought by
Strathearn Olga and The Olga Strathearn Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,035,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 21, 2015
Closed on
Aug 23, 2015
Sold by
Wurzburger Peter Walter
Bought by
Strathearn Olga and Strathearn Dimitri
Seller's Agent
Emil Alexander Schneeman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
DEENEE WEE
List Price
$1,795,000
Sold Price
$2,300,000
Premium/Discount to List
$505,000
28.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.66%
Original Mortgage
$1,050,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 28, 2011
Sold by
Wurzburger Peter Walter
Bought by
Wurzburger Peter Walter and Coven John L

Purchase Details

Closed on
Jun 4, 2009
Sold by
Wurzburger Peter Walter
Bought by
Coven John L and The John L Coven Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 2005
Sold by
Coven John L
Bought by
Coven John L and John L Coven Trust

Purchase Details

Closed on
Jun 7, 2005
Sold by
Wurzburger Peter Walter
Bought by
Wurzburger Peter Walter and Coven Eugene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2003
Sold by
Coven Nonnette
Bought by
Coven John L

Purchase Details

Closed on
May 30, 2002
Sold by
Wurzburger Peter Water
Bought by
Coven Nonnette

Purchase Details

Closed on
May 29, 2002
Sold by
Coven Nonnette
Bought by
Coven John

Purchase Details

Closed on
Apr 2, 2002
Sold by
Wurzburger Rebecca Reese
Bought by
Wurzburger Peter Walter

Purchase Details

Closed on
Sep 24, 1987
Sold by
Coven Nonnette
Bought by
Coven Eugene M and Coven Nonnette
Source: Public Records

Range of Values:

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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
Maddox Albert O -- Progressive Title
Maddox Jason B $2,520,000 Progressive Title
Strathearn Olga -- Nextitle
Strathearn Olga $2,300,000 California Title Company
Wurzburger Peter Walter -- None Available
Coven John L -- First American Title
Coven John L -- --
Wurzburger Peter Walter -- Ticor Title Co Of California
Wurzburger Peter Walter -- Ticor Title Co Of California
Coven John L -- --
Coven Nonnette -- --
Coven John -- --
Wurzburger Peter Walter -- --
Coven Eugene M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maddox Jason B $1,764,000
Previous Owner Strathearn Olga $1,035,000
Previous Owner Strathearn Olga $1,050,000
Previous Owner Coven John L $473,000
Previous Owner Wurzburger Peter Walter $494,000
Previous Owner Wurzburger Peter Walter $490,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $2,520,000 -4.9% $1,167 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
11/20/2021 11/20/21 Price Changed $2,650,000 -1.9% $1,227 / Sq Ft
09/24/2021 09/24/21 For Sale $2,700,000 +17.4% $1,250 / Sq Ft
09/29/2015 09/29/15 Sold $2,300,000 +28.1% $1,065 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $1,795,000 -- $831 / 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 $31,735 $2,674,243 $2,440,778 $233,465
2024 $31,735 $2,621,808 $2,392,920 $228,888
2023 $31,115 $2,570,400 $2,346,000 $224,400
2022 $30,187 $2,565,691 $2,007,933 $557,758
2021 $29,825 $2,515,384 $1,968,562 $546,822
2019 $28,841 $2,440,778 $1,910,174 $530,604
2018 $28,755 $2,392,920 $1,872,720 $520,200
2016 $27,515 $2,300,000 $1,800,000 $500,000
2015 $5,009 $404,574 $181,885 $222,689
2014 $4,951 $396,650 $178,323 $218,327
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jordan Lamp

    Revel Real Estate

    Section Image

  • K

    Seller Co-Listing Agent in 2022

    Karim Ghelani

    Revel Real Estate

    Section Image
  • Albert Maddox

    Buyer's Agent in 2022

    Albert Maddox

    Albert Maddox, Realtor

    (213) 864-6429

    1 in this area

    2 Total Sales

    Albert Maddox
    Section Image
  • Emil Alexander Schneeman

    Seller's Agent in 2015

    Emil Alexander Schneeman

    Berkshire Hathaway HomeServices California Properties

    (310) 230-3700

    3 in this area

    75 Total Sales

    Emil Alexander Schneeman
    Section Image

  • D

    Buyer's Agent in 2015

    DEENEE WEE

  • C

    Buyer's Agent in 2015

    Christina Karapetyan

See All Agents

Map

Source: The MLS

MLS Number: 21-787646

The MLS

APN: 4226-003-012

California Los Angeles County Venice 90291 Venice

21 Wavecrest Ave, Venice, CA

This home is located at 21 Wavecrest Ave, Venice, CA 90291 since 24 September 2021 and is currently estimated at $2,690,314, approximately $1,245 per square foot. This property was built in 1980. 21 Wavecrest Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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