NOT LISTED FOR SALE

Estimated Value: $1,502,000 - $2,024,414

2 Beds
2 Baths
704 Sq Ft
$2,482/Sq Ft Est. Value

Last Sold April 19, 2023

Last sale price $1,430,000 $2,031 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $10,991/month

47 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • No HOA
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Wood Flooring
  • 1-minute walk to Linnie Canal Park

About This Home

As of April 2023

ZONED R3! This is a great opportunity to own land located just a couple of blocks from the beach and a stones throw to the historic Venice Canals. The opportunities here are endless, the current bungalow can either be restored for quaint living, or renovated to the edge of your creativity. Build a brand new single family home with an ADU or 2 to 3 units for future income on your investment. This location can't be beat, head outside with your bike or surfboard and within moments you are at the beach and bike path or go around the corner to the paths and bridges that lead you through the wondrous Venice Canals. Just .5 mile East you can explore Venice's famed Abbot Kinney Blvd. shops and restaurants and Santa Monica's Main Street activity starts just 1 mile North. Come see it for yourself and start envisioning your dream. This property is a golden opportunity to add to the special architectural landscape of Venice. With its proximity to the ocean and Silicon Beach, Venice is a highly desirable place to build in Southern California.

Last Agent to Sell the Property

Heather Shawver

Compass License #01858222 Listed on: 02/09/2023

Compass

Last Buyer's Agent

Manjit Asrani

Premier Realty Associates License #01367172

Premier Realty Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,659

Year Built

  • Built in 1922

Lot Details

  • 2,987 Sq Ft Lot
  • Lot Dimensions are 30x100
  • Fenced
  • Back Yard
  • Tear Down
  • Property is zoned LAR3

Home Design

  • Bungalow
  • Fixer Upper
  • Stucco

Interior Spaces

  • 704 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Located Outside

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Jack-and-Jill Bathroom
  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 1 Car Attached Garage
  • Converted Garage

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4227-003-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,659

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 704
  • Lot Acreage: 0.0686
  • Lot Dimensions: 30x100
  • Property Condition: Fixer, Tear Down
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings
  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Appliances: Gas, Oven-Gas, Cooktop - Gas
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Dual Entry (Jack & Jill) Bath, Low Flow Shower(s), Low Flow Toilet(s), Shower Stall
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters, Greenhouse Window, Open to Family Room
  • Laundry: Outside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 2123.58

Exterior Features

  • Construction: Stucco
  • Other Structures: Other
  • Patio: Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 1

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Assessor Parcel Number: 4227-003-009
  • Lot Description: Alley Paved, Back Yard, Fenced
  • Lot Location: Alley Access
  • Lot Size Area: 2987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Apr 11, 2023
Sold by
Nemo Trust
Bought by
Asrani Ranjan and Da Costa Kelsey
Seller's Agent
Heather Shawver
Compass
Buyer's Agent
Manjit Asrani
Premier Realty Associates
List Price
$1,495,000
Sold Price
$1,430,000
Premium/Discount to List
-$65,000
-4.35%
Views
215
Current Estimated Value
$1,747,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,104
Avg. Annual Appreciation
8.98%
Original Mortgage
$1,140,000
Outstanding Balance
$1,104,223
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$642,881

Purchase Details

Closed on
May 6, 2016
Sold by
Wilkie Gretchen
Bought by
Wilkie Gretchen and The Nemo Trust

Purchase Details

Closed on
Sep 15, 2000
Sold by
Abouaf Jay S and Abouaf Yelena
Bought by
Wilkie Gretchen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
8.01%

Purchase Details

Closed on
Jun 11, 1999
Sold by
Gershman Stephen A and Gershman Harry
Bought by
Abouaf Jay S and Abouaf Yelena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,250
Interest Rate
7.5%
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
Asrani Ranjan $1,430,000 Fidelity National Title
Wilkie Gretchen -- None Available
Wilkie Gretchen $325,000 Southland Title Corporation
Abouaf Jay S $287,500 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asrani Ranjan $1,140,000
Previous Owner Wilkie Gretchen $175,000
Previous Owner Abouaf Jay S $201,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $1,430,000 -4.3% $2,031 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $1,495,000 -- $2,124 / 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 $17,659 $1,487,771 $1,190,217 $297,554
2024 $17,659 $1,458,600 $1,166,880 $291,720
2023 $5,810 $470,689 $433,042 $37,647
2022 $5,543 $461,460 $424,551 $36,909
2021 $5,473 $452,413 $416,227 $36,186
2019 $5,310 $438,996 $403,883 $35,113
2018 $5,275 $430,389 $395,964 $34,425
2016 $5,048 $413,678 $380,589 $33,089
2015 $4,974 $407,465 $374,873 $32,592
2014 $4,998 $399,484 $367,530 $31,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-240383

The MLS

APN: 4227-003-009