NOT LISTED FOR SALE

505 Rialto Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,450,251 - $3,056,000

2 Beds
1.5 Baths
1,408 Sq Ft
$1,928/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $2,203,650 $1,565 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $16,817/month

152 Days on Market

Highlights

  • Views of Trees
  • Wood Flooring
  • Covered Patio or Porch
  • Venice High School Rated A
  • No HOA
  • Bungalow

About This Home

As of July 2018

This welcoming California Craftsman has been reimagined by local Venice designers to keep the original character and charm. Every detail is planned out from sun-drenched rooms and clean lines to provide a calm and Zen-like environment. The main house offers two spacious bedrooms, a living area and separate dining area with hardwood flooring. The kitchen is a beautiful blend of traditional and modern features and is a bright and enjoyable space to meet the needs of any chef. There are plenty of outdoor areas to take in the ocean breezes, including a grand front porch to enjoy your morning coffee and rear patio that is perfect for entertaining or intimate dining. It also comes complete with an outdoor shower for those sandy days at the beach. The separate studio allows for plenty of flexibility to be a private creative space, home office or a convenient space for over night guests. This location is perfect for those dreaming of the Venice lifestyle.

Last Agent to Sell the Property

Nancy Osborne

Compass License #01859960 Listed on: 01/11/2018

Compass

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,114

Year Built

  • Built in 1910

Lot Details

  • 2,402 Sq Ft Lot
  • Property is zoned LARD1.5

Home Design

  • Bungalow

Interior Spaces

  • 1,408 Sq Ft Home
  • 2-Story Property
  • Views of Trees
  • Oven or Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Private Parking
  • Controlled Entrance

Additional Features

  • Covered Patio or Porch
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4238-006-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,114

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 1408
  • Stories: 2
  • Year Built: 1910
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1629.97

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Controlled Entrance, Private, Uncovered
  • Total Parking: 1

Utilities

  • Heating: Floor Furnace

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4238-006-002
  • Geocode Override: No
  • Lot Size Area: 2402

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Akkaway Edward S and Akkaway Melissa R
Bought by
Akkaway Edward S and Akkaway Melissa R
Current Estimated Value
$2,714,313

Purchase Details

Listed on
Jan 11, 2018
Closed on
Jul 6, 2018
Sold by
Lee Michael S and Michael S Lee Revocable Trust
Bought by
Akkaway Edward S and Akkaway Melissa R
Seller's Agent
Nancy Osborne
Compass
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$2,495,000
Sold Price
$2,203,650
Premium/Discount to List
-$291,350
-11.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%

Purchase Details

Closed on
Jan 26, 2015
Sold by
Lee Michael S and Rumens Deborah L
Bought by
Lee Michael S and Michael S Lee Revocable Trust

Purchase Details

Closed on
Sep 11, 2007
Sold by
Lee Michael
Bought by
Lee Michael and Rumens Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 31, 2007
Sold by
Rumens Deborah
Bought by
Lee Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 16, 2007
Sold by
Peyton Daniel K and Peyton David J
Bought by
Lee Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.65%
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
Akkaway Edward S -- None Available
Akkaway Edward S $2,204,000 Fidelity National Title Comp
Lee Michael S -- None Available
Lee Michael -- None Available
Lee Michael -- First American Title Co La
Lee Michael $800,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Michael $80,000
Previous Owner Lee Michael $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2018 07/11/18 Sold $2,203,650 -4.0% $1,565 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
01/23/2018 01/23/18 Price Changed $2,295,000 -8.0% $1,630 / Sq Ft
01/11/2018 01/11/18 For Sale $2,495,000 -- $1,772 / 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 $29,114 $2,458,152 $1,966,545 $491,607
2024 $29,114 $2,409,954 $1,927,986 $481,968
2023 $28,544 $2,362,701 $1,890,183 $472,518
2022 $27,203 $2,316,374 $1,853,121 $463,253
2021 $26,880 $2,270,956 $1,816,786 $454,170
2019 $26,066 $2,203,600 $1,762,900 $440,700
2018 $11,205 $923,518 $692,641 $230,877
2016 $10,718 $887,658 $665,746 $221,912
2015 $10,561 $874,325 $655,746 $218,579
2014 $10,597 $857,199 $642,901 $214,298
Source: Public Records

Agents Affiliated with this Home

  • Nancy Osborne

    Seller's Agent in 2018

    Nancy Osborne

    Compass

    (310) 795-6600

    5 in this area

    31 Total Sales

    Nancy Osborne
    Section Image
  • Tamra Pardee

    Seller Co-Listing Agent in 2018

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    253 in this area

    897 Total Sales

    Tamra Pardee
    Section Image

  • J

    Buyer Co-Listing Agent in 2018

    John Vaughan

    Pardee Properties

    Section Image
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Map

Source: The MLS

MLS Number: 18-301584

The MLS

APN: 4238-006-002

California Los Angeles County Venice 90291 Venice

505 Rialto Ave, Venice, CA

This home is located at 505 Rialto Ave, Venice, CA 90291 since 11 January 2018 and is currently estimated at $2,714,313, approximately $1,927 per square foot. This property was built in 1910. 505 Rialto Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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