NOT LISTED FOR SALE

40 S Venice Blvd Unit 3 Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,526,000 - $3,321,000

3 Beds
2 Baths
1,400 Sq Ft
$1,830/Sq Ft Est. Value

Highlights

  • Ocean View
  • Wood Flooring
  • Corner Lot
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Loft
  • 4-minute walk to Linnie Canal Park

About This Home

As of May 2024

Beautifully renovated and sun-drenched beach penthouse exuding charm and allure, offering glimpses of the ocean. This split-level owner's residence boasts an expansive, airy layout merging the living room, kitchen, and dining area seamlessly. Adorned with vaulted beamed ceilings, a grand ceiling fan, and adjustable recessed lighting, the space features a striking gas fireplace and dual sliding doors opening onto a generous private balcony, ideal for enjoying morning coffee or evening drinks. The kitchen is a showstopper, while the two spacious bedrooms offer ample closet space, with one featuring an en-suite bath. Ascend the compact spiral staircase to discover a potential third bedroom, loft, or office space. Convenient full laundry facilities are tucked away inside. Situated within a custom-built triplex, the exterior has been recently painted. Alongside the balcony, enjoy exclusive use of a side yard equipped with a BBQ and seating, perfect for al fresco dining and entertaining. Secure tandem parking for two cars is provided within a gated area, complete with additional storage. Located on the coveted west side of Pacific Avenue, mere steps from Venice Boardwalk, Abbot Kinney, and a myriad of shops and dining options.

Last Agent to Rent the Property

Jennifer Cleveland

eXp Realty of Greater Los Angeles License #01498059 Listed on: 02/15/2024

eXp Realty of Greater Los Angeles

Co-Listed By

Donna Erckman

Home Smart Realty Group License #01127063

Last Renter's Agent

Jennifer Cleveland

eXp Realty of Greater Los Angeles License #01498059 Listed on: 02/15/2024

eXp Realty of Greater Los Angeles

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $33,226

Year Built

  • Built in 1977

Lot Details

  • 4,415 Sq Ft Lot
  • Gated Home

Parking

  • 2 Car Garage
  • Attached Carport
  • Tandem Parking
  • Garage Door Opener
  • Parking Garage Space
  • Controlled Entrance

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Split Level Home
  • Entry on the 2nd floor

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Loft
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $6,950
  • Tenant pays for cable TV, electricity, trash collection, water, gas, insurance
  • 12 Month Lease Term
  • Assessor Parcel Number 4226-015-017

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 3 Units
  • Rent Control

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$33,226

Year Built

Built in 1977

Lot Details

0

Parking

2

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Land Lease Purchase Yn: No
  • Rent Control: Yes
  • Security Deposit: 6950
  • Tenant Pays: Cable TV, Electricity, Trash Collection, Water, Gas, Insurance

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Style: Unknown
  • Single Family Or Apt: Condo/Apt
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Floor: 2
  • Entry Location: Penthouse
  • Lease Terms: 1+Year
  • Living Area: 1400
  • Lot Acreage: 0.1013
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 2
  • Unit Floor In Building: 2
  • Year Built: 1977
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Gas Starter
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area, Inside, In Closet
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 4.29

Exterior Features

  • Balcony: yes
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Exposure: South
  • Patio: Balcony, Living Room Balcony
  • Pool: No
  • Spa Yn: No
  • View: Peek-A-Boo, Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Carport Attached, Community Garage, Controlled Entrance, Covered Parking, Door Opener, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Heating: Central
  • Security: Gated

Association/Amenities

  • Pet Rules: Call

Condo/Co-op/Association

  • Unit Location: Penthouse

Lot Info

  • Special Zoning: Rent Control, Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4226-015-017
  • Lot Location: Corner Lot
  • Lot Size Area: 4415

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2018
Sold by
Zeller Gwen Helene
Bought by
Zeller Gwen Helene and Gwen Helene Zeller 2018 Trust
Current Estimated Value
$2,562,655

Purchase Details

Closed on
May 29, 2014
Sold by
Zeller Gwen
Bought by
Zeller Gwen Helene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
4.07%
Mortgage Type
Credit Line Revolving
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
Zeller Gwen Helene -- None Available
Zeller Gwen Helene -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zeller Gwen Helene $937,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2024 05/01/24 Rented $6,000 0.0% --
04/29/2024 04/29/24 Under Contract -- -- --
04/02/2024 04/02/24 Price Changed $5,999 -7.7% $4 / Sq Ft
03/24/2024 03/24/24 Price Changed $6,499 0.0% $5 / Sq Ft
03/24/2024 03/24/24 For Rent $6,499 -6.5% --
03/09/2024 03/09/24 Off Market $6,950 -- --
02/15/2024 02/15/24 For Rent $6,950 +6.9% --
06/22/2022 06/22/22 Rented $6,499 0.0% --
06/07/2022 06/07/22 For Rent $6,499 -- --
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 $33,226 $2,785,670 $2,334,657 $451,013
2024 $33,226 $2,731,050 $2,288,880 $442,170
2023 $35,204 $2,677,500 $2,244,000 $433,500
2022 $8,346 $676,367 $405,825 $270,542
2021 $8,230 $663,106 $397,868 $265,238
2019 $7,989 $644,440 $386,068 $258,372
2018 $7,918 $631,825 $378,499 $253,326
2016 $7,554 $606,331 $363,802 $242,529
2015 $7,447 $597,224 $358,338 $238,886
2014 $7,488 $585,526 $351,319 $234,207
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-358909

The MLS

APN: 4226-015-017