NOT LISTED FOR SALE

2478 Penmar Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,637,476 - $4,246,000

0.13 Acre
$30,008,608 Price per Acre
5,922 Sq Ft Lot

Last Sold January 20, 2015

Last sale price $1,283,500

Est. 204% increase in value since last sale

Current estimated payment $23,022/month

14 Days on Market

About This Lot

As of January 2015

Fabulous Venice Development Opportunity with plans for 2 architectural homes designed by acclaimed architect, David Reddy! This piece of land is ready to go for approved Small Lot Subdivision and Tentative Track Map with soils report for two separate homes both consisting of 4 bedrooms/ 3.5 baths. One home is slated to be 3410 sq ft and the other home at 3732 sq ft. Both homes feature first floor studios with bathrooms and patios, large second floor living/dining areas that lead to outdoor courtyard space, and third floors include grand en suite master bedrooms with balconies and 2 additional bedrooms. There is a spacious rooftop deck designed for both homes. Buyer to finalize Design, Structural and Permits, plus any other fees at the time the permits are pulled. Rare opportunity to develop a Small lot sub division in a great location in Venice. Close to restaurants, retail and "the Linc" with a walk score of 78, make this your next trophy development in Venice!

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 12/10/2014

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451 Listed on: 12/10/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,170

Lot Details

  • 5,922

Additional Features

  • 5,922 Sq Ft Lot
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4236-004-026

Property Details

Property Type

Land

Est. Annual Taxes

$23,170

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Sewer: In Street
  • Telephone: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4236-004-026
  • Geocode Override: No
  • Lot Size Area: 5922

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Penmar Residence Venice Llc $4,999,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2015 01/20/15 Sold $1,283,500 -0.9% --
12/24/2014 12/24/14 Pending -- -- --
12/10/2014 12/10/14 For Sale $1,295,000 +85.0% --
07/22/2013 07/22/13 Sold $700,000 +0.1% --
06/24/2013 06/24/13 Pending -- -- --
06/12/2013 06/12/13 For Sale $699,000 -- --
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 $23,170 $1,945,263 $769,595 $1,175,668
2024 $23,170 $1,907,121 $754,505 $1,152,616
2023 $22,719 $1,869,727 $739,711 $1,130,016
2022 $21,655 $1,833,066 $725,207 $1,107,859
2021 $21,380 $1,797,125 $710,988 $1,086,137
2019 $15,007 $1,256,211 $659,919 $596,292
Source: Public Records

Agents Affiliated with this Home

  • Tamra Pardee

    Seller's Agent in 2015

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    259 in this area

    930 Total Sales

    Tamra Pardee
    Section Image
  • Jeff Zolot

    Seller's Agent in 2013

    Jeff Zolot

    Coldwell Banker Exclusive

    (818) 470-5906

    47 Total Sales

    Jeff Zolot
    Section Image

  • C

    Buyer's Agent in 2013

    CARY SHANE KARNS

    UNITED REALTY GROUP

    Section Image
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Map

Source: The MLS

MLS Number: 14-815547

The MLS

APN: 4236-004-043

California Los Angeles County Venice 90291 Venice

2478 Penmar Ave, Venice, CA

This home is located at 2478 Penmar Ave, Venice, CA 90291 since 10 December 2014 and is currently estimated at $3,901,119. 2478 Penmar Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

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