NOT LISTED FOR SALE

249 7th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,740,000 - $1,951,000

4 Beds
2 Baths
1,330 Sq Ft
$1,401/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $1,565,000 $1,177 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,399/month

133 Days on Market

Highlights

  • Living Room with Fireplace
  • Spanish Architecture
  • 5 Car Garage
  • Broadway Elementary Rated A
  • Balcony
  • 3-minute walk to Ozone Park

About This Home

As of November 2021

Located in Venice's trendy Rose Corridor, this ultra charming trophy property features 2 detached bungalows, detached office and phenomenal investment opportunity. Each with 2B + 1B, these light & bright Spanish style homes feature tons of natural lighting, their own private garage, in-unit laundry, private courtyards and decks and one incredible detail after another. A tree lined courtyard adjoins this beautiful compound to a wonderful work space/office for anyone looking to work from home or extra income. Walkable to some of the best restaurants in all of the city, cute coffee shops and stores as well as famous LA beaches, this location cannot be beat. One units and office will be delivered vacant at the close of escrow.

Last Agent to Sell the Property

Tyler Kunkle

Pardee Properties License #01965642 Listed on: 06/04/2021

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Marc Robinson

Keller Williams Beverly Hills License #01375831

Keller Williams Beverly Hills

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 3,912 Sq Ft Lot
  • Gated Home
  • Property is zoned LARD2

Parking

  • 5 Car Garage

Home Design

  • Spanish Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Clay Roof

Interior Spaces

  • 1,330 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4240-001-032

Home Details

Home Type

Single Family

Year Built

Built in 1930 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 1330
  • Lot Acreage: 0.0898
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Tile
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Inside, In Kitchen, In Closet
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1176.69

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Patio: Patio Open
  • Pool: No
  • Roof: Clay, Flat
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Garage - 1 Car, Garage Is Detached, Garage
  • Total Parking: 5

Utilities

  • Heating: Wall
  • Security: Gated

Lot Info

  • Assessed Improvement Percent: 14.28
  • Assessed Improvement Value: 90995
  • Assessed Land Percent: 85.72
  • Assessed Land Value: 546016
  • Total Assessed Value: 637011
  • Assessor Parcel Number: 4240-001-032
  • Lot Size Area: 3912

Rental Info

  • Owner Pays: Water, Gardener

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Bungalow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Oct 20, 2021
Sold by
Levy Jared and Taylor Karen
Bought by
Hopkins David
Seller's Agent
Tyler Kunkle
Pardee Properties
Buyer's Agent
Marc Robinson
Keller Williams Beverly Hills
List Price
$3,590,000
Sold Price
$1,565,000
Premium/Discount to List
-$2,025,000
-56.41%
Current Estimated Value
$1,863,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,645
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,053,000
Outstanding Balance
$957,610
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$906,035

Purchase Details

Closed on
Feb 2, 2013
Sold by
Levy Jared
Bought by
Levy Jared and Taylor Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,000
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2003
Sold by
Levy Erik
Bought by
Levy Jared

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
Levy Erik
Bought by
Levy Erik and Levy Jared

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2002
Sold by
Girard Joseph C and Girard Judith L
Bought by
Levy Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
6.74%

Purchase Details

Closed on
May 31, 1994
Sold by
Girard Joseph C
Bought by
Girard Joseph C and Girard Judith L

Purchase Details

Closed on
May 26, 1994
Sold by
Delcastillo Maryann Girard Griswold
Bought by
Girard Joseph C and Girard Judith L
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
Hopkins David $1,565,000 Stewart Title Of California In
Levy Jared -- Fidelity National Title Co
Levy Jared $177,272 First American Title Co
Levy Jared $177,272 First American Title Co
Levy Erik -- --
Levy Erik $395,000 Investors Title Company
Levy Erik -- Investors Title Company
Girard Joseph C -- --
Girard Joseph C -- --
Girard Joseph C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hopkins David $1,053,000
Previous Owner Levy Jared $401,000
Previous Owner Levy Jared $440,000
Previous Owner Levy Erik $355,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $1,565,000 0.0% $1,177 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
09/27/2021 09/27/21 Off Market $1,565,000 -- --
08/04/2021 08/04/21 Price Changed $3,295,000 -8.2% $2,477 / Sq Ft
06/04/2021 06/04/21 For Sale $3,590,000 -- $2,699 / 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 $19,962 $1,660,789 $1,273,449 $387,340
2024 $19,731 $1,628,226 $1,248,480 $379,746
2023 $19,347 $1,596,300 $1,224,000 $372,300
2022 $18,441 $1,565,000 $1,200,000 $365,000
2021 $7,669 $643,609 $551,672 $91,937
2020 $7,746 $637,011 $546,016 $90,995
2019 $7,437 $624,521 $535,310 $89,211
2018 $7,430 $612,276 $524,814 $87,462
2016 $7,101 $588,503 $504,436 $84,067
2015 $6,997 $579,664 $496,859 $82,805
2014 $7,028 $568,310 $487,127 $81,183
Source: Public Records

Agents Affiliated with this Home

  • Tyler Kunkle

    Seller's Agent in 2021

    Tyler Kunkle

    Pardee Properties

    (310) 993-7333

    19 in this area

    115 Total Sales

    Tyler Kunkle
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2021

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    232 in this area

    854 Total Sales

    Tamra Pardee
    Section Image
  • Marc Robinson

    Buyer's Agent in 2021

    Marc Robinson

    Keller Williams Beverly Hills

    (323) 304-0892

    3 in this area

    31 Total Sales

    Marc Robinson
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-742786

The MLS

APN: 4240-001-032

California Los Angeles County Venice 90291 Venice

249 7th Ave, Venice, CA

Not Listed for Sale

Detached

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