NOT LISTED FOR SALE

50 Wavecrest Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,869,000 - $2,307,000

2 Beds
1 Bath
640 Sq Ft
2,648 Sq Ft Lot

Highlights

  • Contemporary Architecture
  • Living Room with Fireplace
  • Tandem Parking
  • Venice High School Rated A
  • Wood Flooring
  • 1-minute walk to Westminster Dog Park

About This Home

As of October 2022

Available for private showings and virtual tours. Bright and open concept 2 Bedroom/1 Bathroom home with a spacious private front yard, in-unit washer/dryer, and with parking on the famous Venice Walk Streets. Unbeatable location one block away from Venice Beach and only a few blocks away from Abbot Kinney Blvd. Unit has a quintessential Venice feel and look. Enjoy having your own spacious front yard with CA native succulent plants, trees, and plenty of room for entertaining. Entire interior of unit has been recently painted. Living areas have classic painted original wood floors, a covered fireplace with mantel, ceiling fan/light, large white framed windows that allow for lots of natural sunlight, and a high ceiling. Kitchen has original details with red floors, a beachy light fixture, a stove/oven, refrigerator, white wood cabinetry, tile counters and back splash, and plenty of room for storage space. Primary bedroom is large, has original architectural details, a modern ceiling fan/light, lots of closet space, wood ceiling beam, and great views of the front yard. Secondary bedroom is spacious and bright. Bathroom is renovated with a modern grey vanity, subway tiled shower with shower rod, spacious soaking tub, and blue flooring. Unit comes with tandem parking spaces. Enjoy a truly Venice living experience on the Walk Streets!

Last Agent to Rent the Property

Daniel Glaser

Glaser Property Management Inc. License #01940889 Listed on: 08/18/2022

Last Renter's Agent

Daniel Glaser

Glaser Property Management Inc. License #01940889 Listed on: 08/18/2022

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1907

Lot Details

  • 2,648

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 640 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Tandem Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • Pets Allowed

Listing and Financial Details

  • Security Deposit $4,250
  • Tenant pays for gas, electricity, cable TV
  • 12 Month Lease Term
  • Assessor Parcel Number 4226-004-024

Condo Details

Home Type

Condominium

Year Built

Built in 1907

Lot Details

0

Rental Info

  • Security Deposit: 4250
  • Tenant Pays: Gas, Electricity, Cable TV

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Advertising Remarks: Available for private showings and virtual tours. Bright and open concept 2 Bedroom/1 Bathroom home with a spacious private front yard, in-unit washer/dryer, and with parking on the famous Venice Walk Streets. Unbeatable location one block away from Venice Beach and only a few blocks away from Abbot Kinney Blvd. Unit has a quintessential Venice feel and look. Enjoy having your own spacious front yard with CA native succulent plants, trees, and plenty of room for entertaining. Entire interior of unit has been recently painted. Living areas have classic painted original wood floors, a covered fireplace with mantel, ceiling fan/light, large white framed windows that allow for lots of natural sunlight, and a high ceiling. Kitchen has original details with red floors, a beachy light fixture, a stove/oven, refrigerator, white wood cabinetry, tile counters and back splash, and plenty of room fo
  • Entry Floor: 1
  • Lease Terms: 1+Year
  • Living Area: 640
  • Lot Acreage: 0.0608
  • Stories: 1
  • Year Built: 1907
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 1.00
  • Equipment: Refrigerator, Range/Oven, Dryer, Washer
  • Price Per S Q F T: 6.64

Exterior Features

  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Tandem
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Association/Amenities

  • Pet Rules: Yes

Lot Info

  • Assessor Parcel Number: 4226-004-024
  • Lot Size Area: 2649

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2023
Sold by
Taylor Karen L
Bought by
Levy Jared
Current Estimated Value
$2,101,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$641,101
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$1,460,528

Purchase Details

Closed on
Dec 6, 2010
Sold by
Levy Iris
Bought by
Levy Iris and Iris Levy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2003
Sold by
Levy Iris
Bought by
Levy Iris and Iris Levy Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.79%

Purchase Details

Closed on
Mar 25, 2003
Sold by
Levy Iris
Bought by
Levy Iris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.79%

Purchase Details

Closed on
Jan 23, 2001
Sold by
Levy Iris
Bought by
Levy Iris and Iris Levy Trust

Purchase Details

Closed on
Apr 17, 2000
Sold by
Wittich Garey Donald
Bought by
Sefton Wittich Sonja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8%

Purchase Details

Closed on
Mar 16, 2000
Sold by
Sefton Sonja A
Bought by
Levy Iris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8%
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
Levy Jared -- None Listed On Document
Levy Erik A -- Fidelity National Title
Levy Iris -- None Available
Levy Iris -- Fidelity National Title Co
Levy Iris -- --
Levy Iris -- First American Title Co
Levy Iris -- --
Sefton Wittich Sonja -- Progressive Title Company
Levy Iris $450,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy Erik A $665,000
Previous Owner Levy Iris $480,000
Previous Owner Levy Iris $520,000
Previous Owner Levy Iris $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Rented $4,100 -3.5% --
09/26/2022 09/26/22 For Rent $4,250 0.0% --
09/22/2022 09/22/22 Off Market $4,250 -- --
09/08/2022 09/08/22 Price Changed $4,250 -10.5% $7 / Sq Ft
08/18/2022 08/18/22 For Rent $4,750 -- --
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 $28,745 $2,413,728 $2,184,840 $228,888
2024 $28,745 $2,366,400 $2,142,000 $224,400
2023 $8,354 $666,635 $531,816 $134,819
2022 $7,975 $653,565 $521,389 $132,176
2021 $7,867 $640,751 $511,166 $129,585
2019 $7,636 $621,748 $496,005 $125,743
2018 $7,587 $609,558 $486,280 $123,278
2016 $7,246 $585,891 $467,399 $118,492
2015 $7,142 $577,092 $460,379 $116,713
2014 $7,189 $565,788 $451,361 $114,427
Source: Public Records

Agents Affiliated with this Home

  • Daniel Glaser

    Landlord's Agent in 2022

    Daniel Glaser

    Glaser Property Management Inc.

    (310) 367-9946

    6 Total Sales

    Daniel Glaser
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Map

Source: The MLS

MLS Number: 22-191315

The MLS

APN: 4226-004-024

California Los Angeles County Venice 90291 Venice

50 Wavecrest Ave, Venice, CA

Not Listed for Sale

Condos

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