NOT LISTED FOR SALE

47 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,639,000 - $2,259,841

6 Beds
4 Baths
2,320 Sq Ft
$847/Sq Ft Est. Value

Sale Details

Date Sold: February 7, 2024

Last sale price $1,700,000 $733 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $12,547 / mo

71 Days on Market

Highlights

  • Breakfast Area or Nook
  • Bathtub with Shower
  • Open Patio
  • Venice High School Rated A
  • Living Room
  • 1-minute walk to Westminster Dog Park

About This Home

As of February 2024

1/9/24 UPDATE - downstairs unit is now vacant. Minor repairs will be performed next week and we anticipate an "open house" of both units the following week. Please check back for open house date. 47 Westminster Ave offers the rare opportunity to own a coveted property situated one block from Ocean Front Walk and three blocks from Abbot Kinney Blvd in the bohemian beach enclave and high demand rental market of Venice, CA. Built in 1966, this two-story building is comprised of (2) 3 bed/2 bath units totaling 2,320 SF of rentable living space and sits on a 2,671 SF lot. The property includes an enclosed courtyard for tenants to enjoy a private outdoor space on one side of the building. Three parking spots serve the other side. The property is low maintenance with minimal expenses, as both units were renovated and leased out last year (both now month-to-month). Washer/dryer hookups are provided in each unit, and tenants pay for their own power, gas, and trash service. The landlord is only responsible for water and gardening. With a Walkscore of 92, this location is a "walker's paradise" and conveniently located a few short blocks from Abbott Kinney Blvd. (dubbed by GQ Magazine as, "The coolest block in America"), Main St, and Rose Ave. The new owner and/or tenants can easily access the premier shopping, trendy restaurants, and multiple galleries this vibrant beach town has to offer. Located in the heart of Silicon Beach, the immediate area is a growing technology, media, and startup hub.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 11/08/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 11/08/2023

Lyon Stahl Investment Real Estate, Inc.

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 2,671

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Assigned Parking

Additional Features

  • Open Patio
  • 2,671 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas, cable TV, electricity, trash collection
  • The owner pays for gardener, water
  • Assessor Parcel Number 4226-005-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

2,671 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2320
  • Lot Acreage: 0.0613
  • Probate: No
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 2
  • Appliances: Microwave, Oven, Free Standing Gas, Range Hood
  • Bedrooms: 6
  • Bathroom Features: Shower Over Tub
  • Laundry: In Kitchen, In Unit, Inside
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Microwave, Ceiling Fan, Dishwasher, Stackable W/D Hookup
  • Price Per S Q F T: 730.60

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 1
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Parking Space, Assigned
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Number Electric Meters: 2
  • Number Gas Meters: 2

Lot Info

  • Assessed Improvement Percent: 21.87
  • Assessed Improvement Value: 331406
  • Assessed Land Percent: 78.13
  • Assessed Land Value: 1183606
  • Total Assessed Value: 1515012
  • Assessor Parcel Number: 4226-005-021
  • Lot Size Area: 2671

Rental Info

  • Number Leased: 2
  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Cable TV, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.95
  • Number Of Units: 2
  • Type Of Units: 3 bed/2 bath
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Jan 22, 2024
Sold by
Bought by
Seller's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,695,000
Sold Price
$1,700,000
Premium/Discount to List
$5,000
0.29%
Views
65
Current Estimated Value
$1,965,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,210
Avg. Annual Appreciation
5.90%
Original Mortgage
$500,000
Outstanding Balance
$486,129
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$1,479,081

Purchase Details

Listed on
Jun 5, 2013
Closed on
May 28, 2013
Sold by
Bought by
Seller's Agent
Ben Surles
Coldwell Banker Envision
Buyer's Agent
Wendy Sun
Estate Properties
List Price
$1,500,000
Sold Price
$1,280,000
Premium/Discount to List
-$220,000
-14.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%
Original Mortgage
$500,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Venice, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 Fidelity National Title
$1,280,000 Progressive Title
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2024 02/07/24 Sold $1,700,000 +0.3% $733 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $1,695,000 -0.3% $731 / Sq Ft
12/08/2023 12/08/23 Off Market $1,700,000 -- --
11/08/2023 11/08/23 For Sale $1,695,000 +32.4% $731 / Sq Ft
06/25/2013 06/25/13 Sold $1,280,000 -14.7% $552 / Sq Ft View Prior Sale
05/23/2013 05/23/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $1,500,000 -- $647 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,944 $1,734,000 $1,479,000 $255,000
2024 $18,849 $1,545,312 $1,207,278 $338,034
2023 $18,485 $1,515,012 $1,183,606 $331,406
2022 $17,623 $1,485,307 $1,160,399 $324,908
2021 $17,404 $1,456,185 $1,137,647 $318,538
2019 $16,881 $1,413,375 $1,103,904 $309,471
2018 $16,823 $1,385,670 $1,082,259 $303,411
2016 $16,089 $1,331,500 $1,040,235 $291,265
2015 $15,853 $1,311,500 $1,024,610 $286,890
2014 $15,906 $1,285,811 $1,004,540 $281,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-330249

The MLS

APN: 4226-005-021

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