NOT LISTED FOR SALE

2498 Glencoe Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,959,000 - $2,758,583

6 Beds
3 Baths
2,982 Sq Ft
$773/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $1,897,000 $636 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $14,181/month

84 Days on Market

About This Home

As of June 2019

Sweet Venice compound! Two separate houses on one massive corner lot. Why buy one house when you can have two for just a little more? Both house are 3br 2 ba with private yards. The garage on the Glencoe house was converted in to a studio apartment with a bathroom w/o permits. The Zanja house has a separate private studio. Buy one and collect rent from the other to pay your mortgage. Or perfect for an extended family to create their own private oasis. Please call for more information and for showing instructions. The two addresses are 2498 Glencoe and 13355 Zanja St.

Last Agent to Sell the Property

Derrick Ruiz

eXp Realty of Greater Los Angeles License #00919713 Listed on: 02/07/2019

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Janice Hou

Compass License #01418965

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,388

Year Built

  • 1924

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,388

Year Built

1924

Listing Details

  • Property Type: Residential Income
  • Probate: No
  • Year Built: 1924
  • Price Per Sq Ft: 636.99
  • Unit Type: 1, 2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Equipment: Range/Oven, Refrigerator
  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Living Area: 2982

Exterior Features

  • Pool: No
  • Tennis Court Y/N: No
  • Stories: 1

Garage/Parking

  • Garage Details: Garage - 1 Car, Garage - 2 Car
  • Total Parking: 3

Utilities

  • Heating: Wall Gas

Lot Info

  • Zoning: LAR1
  • Additional Assessor Parcel Numbers: No
  • Assessor Parcel Number: 4236-009-038
  • Lot Size Area: 8438
  • Assessed Improvement Value: 338378
  • Assessed Land Value: 706017
  • Geocode Override: No

Multi Family

  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: 2 Sep Houses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
May 15, 2019
Sold by
Tora Llc
Bought by
Hou Janice and The Hou Family Trust
Seller's Agent
Derrick Ruiz
eXp Realty of Greater Los Angeles
Buyer's Agent
Janice Hou
Compass
List Price
$1,899,999
Sold Price
$1,897,000
Premium/Discount to List
-$2,999
-0.16%
Current Estimated Value
$2,304,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,896
Avg. Annual Appreciation
3.10%
Original Mortgage
$1,247,000
Outstanding Balance
$1,094,139
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,210,757

Purchase Details

Closed on
Dec 21, 2010
Sold by
Maudlin Jeremiah
Bought by
Tora Llc

Purchase Details

Closed on
Apr 25, 2007
Sold by
Majuri David
Bought by
Maudin Jeremiah and Tora Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 23, 2007
Sold by
Tora Llc
Bought by
Maudlin Jeremiah and Tora Llc

Purchase Details

Closed on
Aug 15, 2006
Sold by
Majuri David
Bought by
Majuri David and David Majuri Revocable Trust

Purchase Details

Closed on
Feb 17, 2006
Sold by
Finkle William D
Bought by
Majuri David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2000
Sold by
Vanzyl Hendrik G and Vanzyl Denise M
Bought by
Finkle William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.16%

Purchase Details

Closed on
Oct 25, 1994
Sold by
Vanzyl Hendrik G and Vanzyl Hendrik V
Bought by
Vanzyl Hendrik G and Vanzyl Denise M
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
Hou Janice $1,897,000 Fidelity National Title Co
Tora Llc -- None Available
Maudin Jeremiah -- None Available
Majuri David -- Southland Title
Majuri David -- Southland Title
Majuri David -- Southland Title
Maudlin Jeremiah -- California Title Company
Tora Llc -- California Title Company
Majuri David -- None Available
Majuri David $1,200,000 Southland Title
Finkle William D $340,000 First American Title
Vanzyl Hendrik G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hou Janice $1,247,000
Previous Owner Majuri David $67,000
Previous Owner Majuri David $750,000
Previous Owner Finkle William D $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $1,897,000 -0.1% $636 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/10/2019 04/10/19 Price Changed $1,899,500 0.0% $637 / Sq Ft
03/28/2019 03/28/19 Price Changed $1,899,999 0.0% $637 / Sq Ft
03/28/2019 03/28/19 For Sale $1,899,999 +0.2% $637 / Sq Ft
03/28/2019 03/28/19 Off Market $1,897,000 -- --
03/12/2019 03/12/19 Price Changed $1,975,000 -1.2% $662 / Sq Ft
02/27/2019 02/27/19 Price Changed $1,999,999 -7.0% $671 / Sq Ft
02/07/2019 02/07/19 For Sale $2,150,000 0.0% $721 / Sq Ft
06/05/2013 06/05/13 Rented $4,195 0.0% --
06/05/2013 06/05/13 Under Contract -- -- --
05/27/2013 05/27/13 For Rent $4,195 -- --
Source: California Desert Association of REALTORS®

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 $25,388 $2,116,133 $1,561,724 $554,409
2024 $25,388 $2,074,641 $1,531,102 $543,539
2023 $24,898 $2,033,963 $1,501,081 $532,882
2022 $23,742 $1,994,083 $1,471,649 $522,434
2021 $23,450 $1,954,985 $1,442,794 $512,191
2020 $23,693 $1,934,940 $1,428,000 $506,940
2019 $9,693 $1,086,586 $734,539 $352,047
2018 $13,107 $1,065,282 $720,137 $345,145
2016 $12,524 $1,023,918 $692,174 $331,744
2015 $12,343 $1,008,538 $681,777 $326,761
2014 $12,390 $988,783 $668,422 $320,361
Source: Public Records

Agents Affiliated with this Home

  • Derrick Ruiz

    Seller's Agent in 2019

    Derrick Ruiz

    eXp Realty of Greater Los Angeles

    (310) 308-3174

    2 in this area

    20 Total Sales

    Derrick Ruiz
    Section Image
  • Janice Hou

    Buyer's Agent in 2019

    Janice Hou

    Compass

    (310) 482-2200

    3 in this area

    66 Total Sales

    Janice Hou
    Section Image
  • Michael Irvine

    Seller's Agent in 2013

    Michael Irvine

    Compass

    (310) 452-5004

    4 in this area

    14 Total Sales

    Michael Irvine
    Section Image
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Map

Source: California Desert Association of REALTORS®

MLS Number: 19-432120

California Desert Association of REALTORS®

APN: 4236-009-038

California Los Angeles County Venice 90066 Venice

2498 Glencoe Ave, Venice, CA

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.

California Desert Association of REALTORS® 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. Information is deemed reliable but not guaranteed.

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