NOT LISTED FOR SALE

Estimated Value: $2,040,000 - $2,138,000

4 Beds
2 Baths
2,464 Sq Ft
$842/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $2,000,000 $812 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $12,853/month

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating
  • Venice High School Rated A
  • Entrance Foyer
  • 1 Car Garage

About This Home

As of April 2024

Nestled in the vibrant heart of Mar Vista, this property presents a rare and coveted opportunity for developers and end-users alike. This gated fixer-upper, boasts an impressive footprint, offering nearly 2,500 square feet of living space on a sprawling, almost 10,000 square foot flat lot. The property stands as an ideal canvas for those looking to remodel or completely reimagine the space, providing ample room for creativity and innovation. Its generous lot size offers unparalleled potential for expansive backyard designs, luxurious outdoor amenities, or even the construction of a brand-new dream home. Situated in a sought-after neighborhood known for its community atmosphere and proximity to California's renowned beaches, dining, and shopping, this listing represents a unique chance to create a personalized oasis in one of Los Angeles' most desirable areas. Whether you're a developer searching for your next project or an end-user dreaming of customizing your perfect residence, this property, with its added security and privacy of a gated entrance, holds the key to a world of possibilities, waiting to be unlocked and transformed into something truly extraordinary.

Last Agent to Sell the Property

Adria Hendler

Compass Brokerage Phone: 310-741-1190 License #02116073 Listed on: 03/11/2024

Compass

Co-Listed By

Chad Singer

Amalfi Estates Brokerage Phone: 310-741-1190 License #02046735

Last Buyer's Agent

Jonathan Nash

Carolwood Estates License #01943888

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,586

Year Built

  • Built in 1942

Lot Details

  • 9,626 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR1

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room with Fireplace
  • Den with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage

Additional Features

  • Urban Location
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 5 / B
  • Tax Tract Number 271
  • Assessor Parcel Number 4248031006
  • $274 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,586

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4248031006
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2464.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Den, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 811.69
  • Room Type: Entry, Foyer, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9626.00
  • Lot Size Acres: 0.2210

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9626.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2719.02
  • Tax Lot: 5
  • Tax Tract Number: 271...
  • TaxOtherAnnualAssessmentAmount: 274.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Apr 15, 2024
Sold by
Rasmussen Andrew St Chad
Bought by
Davis James
Seller's Agent
Adria Hendler
Compass
Buyer's Agent
Jonathan Nash
Carolwood Estates
List Price
$1,999,999
Sold Price
$2,000,000
Premium/Discount to List
$1
0.0%
Views
39
Current Estimated Value
$2,075,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,589
Avg. Annual Appreciation
2.52%
Original Mortgage
$1,600,000
Outstanding Balance
$1,576,093
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$499,496

Purchase Details

Listed on
Mar 11, 2024
Closed on
Apr 11, 2024
Sold by
Rourke Sara J
Bought by
Davis James
Seller's Agent
Adria Hendler
Compass
Buyer's Agent
Jonathan Nash
Carolwood Estates
List Price
$1,999,999
Sold Price
$2,000,000
Premium/Discount to List
$1
0.0%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,576,093
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$499,496

Purchase Details

Listed on
Mar 11, 2024
Closed on
Mar 28, 2024
Sold by
Rasmussen Andrew St Chad
Bought by
Davis James
Seller's Agent
Adria Hendler
Compass
Buyer's Agent
Jonathan Nash
Carolwood Estates
List Price
$1,999,999
Sold Price
$2,000,000
Premium/Discount to List
$1
0.0%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,576,093
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$499,496

Purchase Details

Closed on
Nov 30, 2016
Sold by
Rasmussen Carroll Dean
Bought by
Rasmussen Carroll Dean and Kathleen Rasmussen Descendants Opportuni

Purchase Details

Closed on
Mar 4, 2009
Sold by
Rasmussen Kathleen M
Bought by
Rasmussen Carroll Dean

Purchase Details

Closed on
Sep 26, 2008
Sold by
Lamb Steven A
Bought by
Rasmussen Carroll Dean and Rasmussen Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2005
Sold by
Lamb Lynn
Bought by
Lamb Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2005
Sold by
Herrera Dino
Bought by
Lamb Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Giles Harun
Bought by
Herrera Dino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2004
Sold by
Herrera Dino
Bought by
Giles Harun

Purchase Details

Closed on
May 26, 2004
Sold by
Giles Harun
Bought by
Herrera Dino

Purchase Details

Closed on
Jan 17, 2003
Sold by
Marcucci Robert
Bought by
Giles Harun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.96%

Purchase Details

Closed on
Nov 4, 2002
Sold by
Giles Diane
Bought by
Giles Harun

Purchase Details

Closed on
Jun 10, 1999
Sold by
Sirota Michael Richard
Bought by
Marcucci Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
7.87%

Purchase Details

Closed on
Oct 15, 1997
Sold by
Kang Soon Young
Bought by
Sirota Michael Richard and Sirota Wonjoo

Purchase Details

Closed on
May 8, 1997
Sold by
Monroe Alfred James
Bought by
Kang Soon Young and Kang Soon Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
8.13%
Source: Public Records

Range of Values:

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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
Davis James $2,000,000 California Best Title
Davis James -- California Best Title
Davis James -- California Best Title
Davis James $2,000,000 California Best Title
Davis James $2,000,000 California Best Title
Rasmussen Carroll Dean -- None Available
Rasmussen Carroll Dean -- Equity Title Los Angeles
Rasmussen Carroll Dean $870,000 Equity Title Los Angeles
Lamb Steven -- Fidelity National Title Co
Lamb Steven $1,300,000 Fidelity Van Nuys
Herrera Dino -- --
Giles Harun -- --
Herrera Dino -- --
Giles Harun $700,000 Commonwealth Land Title Co
Giles Harun -- Commonwealth Land Title Co
Marcucci Robert $385,000 Equity Title Company
Sirota Michael Richard -- --
Kang Soon Young $277,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis James $1,600,000
Closed Davis James $1,600,000
Closed Davis James $1,600,000
Previous Owner Rasmussen Carroll Dean $625,000
Previous Owner Lamb Steven $975,000
Previous Owner Giles Harun $560,000
Previous Owner Marcucci Robert $308,000
Previous Owner Kang Soon Young $194,250
Closed Marcucci Robert $77,000
Closed Giles Harun $140,000
Closed Lamb Steven $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $2,000,000 0.0% $812 / Sq Ft
03/11/2024 03/11/24 For Sale $1,999,999 -- $812 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,586 $2,040,000 $1,938,000 $102,000
2024 $22,586 $1,860,082 $1,375,709 $484,373
2023 $18,612 $1,528,880 $1,323,151 $205,729
2022 $17,745 $1,498,903 $1,297,207 $201,696
2021 $17,542 $1,469,514 $1,271,772 $197,742
2019 $17,016 $1,425,929 $1,234,051 $191,878
2018 $16,890 $1,397,970 $1,209,854 $188,116
2016 $11,449 $946,403 $757,124 $189,279
2015 $11,281 $932,188 $745,752 $186,436
2014 $11,363 $913,928 $731,144 $182,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24049053

California Regional Multiple Listing Service (CRMLS)

APN: 4248-031-006