NOT LISTED FOR SALE

45 Wavecrest Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,167,000 - $3,737,000

6 Beds
4 Baths
2,908 Sq Ft
$1,157/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $2,705,625 $930 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $20,680/month

15 Days on Market

Highlights

  • Views of Trees
  • Attached Carport
  • 2-minute walk to Westminster Dog Park
  • Venice High School Rated A
  • Forced Air Heating System

About This Home

As of May 2017

LOCATION! LOCATION! LOCATION! Steps to Venice Beach! NO RENT CONTROL! Architectural 3-story duplex half block off the sand in Venice Beach. This Venice treasure includes two 3 bed/2 bath spacious units. 4 car gated parking. The upper unit offers high ceilings, open floor plan, and rooftop deck with spectacular ocean, mountain and city views. Both units include fireplace, inside laundry, and balconies off master and living room. Low maintenance charming front patio. Property delivers indoor/outdoor California living at its best. Located in the heart of Venice Beach and only blocks from major tech companies and the best dining and entertainment on the Westside. No rent control and will be delivered vacant. Perfect owner/user or investor property. This is a must see!!

Last Agent to Sell the Property

Linda Light

Coldwell Banker Realty License #00786737 Listed on: 04/24/2017

Coldwell Banker Realty

Last Buyer's Agent

Julie Kirschbaum

Engel & Völkers License #01897701

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 2,698

Home Design

  • Duplex

Interior Spaces

  • 2,908 Sq Ft Home
  • 3-Story Property
  • Views of Trees

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 5 Parking Spaces
  • Attached Carport

Additional Features

  • 2,698 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4226-003-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2908
  • Probate: No
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 988.65

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Tree Top, Walk Street
  • View: Yes

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Carport Attached
  • Total Parking: 5

Utilities

  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 344425
  • Assessed Land Value: 872304
  • Assessor Parcel Number: 4226-003-025
  • Geocode Override: No
  • Lot Size Area: 2698

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 0
  • Type Of Units: duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 10, 2017
Sold by
Wolf Stephen
Bought by
Lbi Holdings Llc
Seller's Agent
Linda Light
Coldwell Banker Realty
Buyer's Agent
Julie Kirschbaum
Engel & Völkers
List Price
$2,875,000
Sold Price
$2,705,625
Premium/Discount to List
-$169,375
-5.89%
Current Estimated Value
$3,364,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,742
Avg. Annual Appreciation
2.56%

Purchase Details

Closed on
May 5, 2014
Sold by
Wolf Stephen
Bought by
Wolf Stephen and Lee Althea A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 12, 2001
Sold by
Gould Joel D
Bought by
Wolf Stephen and Lee Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.75%

Purchase Details

Closed on
Nov 30, 2000
Sold by
Antoine Miriam G
Bought by
Gould Joel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,000
Interest Rate
8%

Purchase Details

Closed on
Jun 10, 1994
Sold by
Antoine Wendell T
Bought by
Antoine Mariam Garner

Purchase Details

Closed on
May 18, 1994
Sold by
Murphy Frank N
Bought by
Antoine Miriam Garner and Garner William 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
Lbi Holdings Llc $2,706,000 Lawyers Title Company
Wolf Stephen -- Wfg Title Company
Wolf Stephen $975,000 Southland Title Corporation
Gould Joel D $860,000 Equity Title Company
The Nelson & Mable Renty Bates Community -- Equity Title Company
Antoine Mariam Garner -- Commonwealth Land Title Co
Antoine Miriam Garner -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolf Stephen $800,000
Previous Owner Wolf Stephen $455,000
Previous Owner Gould Joel D $559,000
Closed Gould Joel D $100,000
Closed Wolf Stephen $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2017 05/24/17 Sold $2,705,625 -5.9% $930 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $2,875,000 -- $989 / 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 $37,264 $3,140,103 $2,321,893 $818,210
2024 $37,264 $3,078,533 $2,276,366 $802,167
2023 $36,535 $3,018,171 $2,231,732 $786,439
2022 $34,820 $2,958,992 $2,187,973 $771,019
2021 $34,400 $2,900,973 $2,145,072 $755,901
2019 $33,359 $2,814,931 $2,081,449 $733,482
2018 $33,269 $2,759,737 $2,040,637 $719,100
2016 $14,636 $1,216,729 $872,304 $344,425
2015 $14,420 $1,198,454 $859,202 $339,252
2014 $14,468 $1,174,979 $842,372 $332,607
Source: Public Records

Agents Affiliated with this Home

  • Linda Light

    Seller's Agent in 2017

    Linda Light

    Coldwell Banker Realty

    (310) 963-7010

    1 in this area

    34 Total Sales

    Linda Light
    Section Image
  • Julie Kirschbaum

    Buyer's Agent in 2017

    Julie Kirschbaum

    Engel & Volkers Santa Monica

    (310) 460-2525

    9 in this area

    20 Total Sales

    Julie Kirschbaum
    Section Image
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Map

Source: The MLS

MLS Number: 17-223742

The MLS

APN: 4226-003-025

California Los Angeles County Venice 90291 Venice

45 Wavecrest Ave, Venice, CA

Not Listed for Sale

MultiFamily

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