NOT LISTED FOR SALE

516 Altair Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,312,000 - $3,060,000

3 Beds
3 Baths
1,532 Sq Ft
$1,711/Sq Ft Est. Value

Last Sold July 03, 2018

Last sale price $2,200,000 $1,436 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,353/month

Highlights

  • Views of Trees
  • Craftsman Architecture
  • Wood Flooring
  • Venice High School Rated A
  • Retreat
  • Covered Patio or Porch

About This Home

As of January 2024

Impeccably maintained craftsman with 3 bedrooms and 3 baths located on a quaint street a block off Abbot Kinney, and a few blocks from Venice Beach. A welcoming porch invites you into a bright and airy open concept living room, dining and gourmet kitchen with direct access to the yard for entertaining. The master suite features a walk-in closet, vaulted ceilings, bathroom with dual vanities and access to the deck overlooking the yard. Another bedroom with built out closets and a full bath are adjacent on the main level. The second level features a spacious bedroom with its own full bath. 2 car parking behind a motorized gate. No expense was spared on finishes: Nest and Ring systems, central air, marble countertops, multiple sky lights, wood floors throughout with separate washer/dryer closet and ample storage complete this chic retreat - an absolute must see!

Last Agent to Rent the Property

Dev Tailor

Westside Estate Agency Inc. License #01934879 Listed on: 12/14/2023

Westside Estate Agency Inc.

Last Renter's Agent

Dev Tailor

Westside Estate Agency Inc. License #01934879 Listed on: 12/14/2023

Westside Estate Agency Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,312

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 2,707 Sq Ft Lot
  • Lot Dimensions are 30x90
  • East Facing Home
  • Gated Home
  • Property is zoned LARD1.5

Home Design

  • Craftsman Architecture

Interior Spaces

  • 1,532 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Dining Area
  • Views of Trees

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower
  • Shower Only
  • Linen Closet In Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Automatic Gate

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling
  • Vented Exhaust Fan

Listing and Financial Details

  • Security Deposit $20,000
  • Tenant pays for cable TV, electricity, gas, insurance, trash collection, water
  • Rent includes gardener
  • 12 Month Lease Term
  • Assessor Parcel Number 4238-006-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,312

Year Built

Built in 1923 | Remodeled

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Lease Option: 1
  • Rent Excludes: Utilities, trash, water, cable, internet
  • Rent Includes: Gardener
  • Security Deposit: 20000
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Craftsman
  • Single Family Or Apt: Single Family
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Impeccably maintained craftsman with 3 bedrooms and 3 baths located on a quaint street a block off Abbot Kinney, and a few blocks from Venice Beach. A welcoming porch invites you into a bright and airy open concept living room, dining and gourmet kitchen with direct access to the yard for entertaining. The master suite features a walk-in closet, vaulted ceilings, bathrooms with dual vanities and access to the deck overlooking the yard. The second level is a spacious bedroom with its own full bath. 2 car parking behind a motorized gate. No expense was spared on finishes: Nest and Ring systems, central air, marble countertops, multiple sky lights, wood floors throughout with separate washer/dryer closet and ample storage complete this chic retreat - an absolute must see!
  • Lease Terms: 1+Year
  • Living Area: 1532
  • Lot Acreage: 0.0621
  • Lot Dimensions: 30x90
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Bedroom Features: Master Retreat
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Linen Closet, Shower Stall, Shower Over Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Refrigerator, Range/Oven, Vented Exhaust Fan, Washer
  • Price Per S Q F T: 6.53

Exterior Features

  • Direction Faces: East
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Parking Garage: Auto Driveway Gate
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System, Gated, Prewired for alarm system

Lot Info

  • Assessor Parcel Number: 4238-006-025
  • Lot Location: Alley Access
  • Lot Size Area: 2707

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2018
Closed on
Sep 13, 2018
Sold by
Peanut 1031 Llc
Bought by
Jain Mohit and The Moht Jain Irrevocable Fami
Seller's Agent
Dev Tailor
Westside Estate Agency Inc.
Buyer's Agent
Dev Tailor
Westside Estate Agency Inc.
Sold Price
$10,000
Current Estimated Value
$2,621,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,611,202

Purchase Details

Listed on
May 31, 2018
Closed on
Jun 26, 2018
Sold by
516 Altair Llc
Bought by
Peanut 1031 Llc
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Dev Tailor
Westside Estate Agency Inc.
List Price
$2,190,000
Sold Price
$2,200,000
Premium/Discount to List
$10,000
0.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%

Purchase Details

Listed on
Jul 24, 2014
Closed on
Aug 11, 2014
Sold by
Wilson Joanne S and Wilson Frederick R
Bought by
516 Altair Llc
Seller's Agent
Diane Herlofsky
Element RE, Inc
Buyer's Agent
Michael Fenton
Compass
Sold Price
$7,500

Purchase Details

Listed on
Jun 25, 2012
Closed on
Aug 30, 2012
Sold by
Altair Development Llc
Bought by
Wilson Joanne S and Wilson Frederick R
Seller's Agent
Mark Kitching
Douglas Elliman
Buyer's Agent
Melanie Sommers
Compass
List Price
$1,550,000
Sold Price
$1,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Jul 25, 2011
Sold by
Lido Equities Group Llc
Bought by
Altair Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2011
Sold by
Blank Joel and Tashiro Susie T
Bought by
Lido Equities Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2006
Sold by
Zhang Shaomei
Bought by
Blank Joel and Tashiro Susie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
1.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2002
Sold by
Cox Susan
Bought by
Zhang Shaomei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6%

Purchase Details

Closed on
Jan 7, 1998
Sold by
Douroux Robert W and Spierer Elaine
Bought by
Cox Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
4.45%
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
Jain Mohit $2,218,000 Fidelity National Title Comp
Peanut 1031 Llc $2,200,000 Fidelity National Title Comp
516 Altair Llc $775,000 None Available
Wilson Joanne S $1,550,015 Ortc
Altair Development Llc -- Lawyers Title
Lido Equities Group Llc $775,000 Lawyers Title
Blank Joel $1,200,000 Southland Title
Zhang Shaomei $640,000 Southland Title Corporation
Cox Susan $330,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lido Equities Group Llc $925,000
Previous Owner Blank Joel $960,000
Previous Owner Zhang Shaomei $512,000
Previous Owner Cox Susan $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2024 01/08/24 Rented $9,000 -10.0% --
12/14/2023 12/14/23 For Rent $10,000 +11.1% --
12/26/2019 12/26/19 Rented $9,000 -10.0% --
12/09/2019 12/09/19 For Rent $10,000 +11.1% --
06/28/2019 06/28/19 Rented $9,000 -10.0% --
06/11/2019 06/11/19 Price Changed $10,000 -16.7% $7 / Sq Ft
05/09/2019 05/09/19 For Rent $12,000 +20.0% --
08/30/2018 08/30/18 Rented $10,000 0.0% --
08/21/2018 08/21/18 Price Changed $10,000 -16.7% $7 / Sq Ft
07/25/2018 07/25/18 For Rent $12,000 0.0% --
07/03/2018 07/03/18 Sold $2,200,000 +0.5% $1,436 / Sq Ft View Prior Sale
06/08/2018 06/08/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $2,190,000 0.0% $1,430 / Sq Ft
07/28/2016 07/28/16 Rented $8,995 0.0% --
06/29/2016 06/29/16 For Rent $8,995 -5.3% --
09/01/2015 09/01/15 Rented $9,500 0.0% --
08/04/2015 08/04/15 For Rent $9,500 +26.7% --
08/14/2014 08/14/14 Rented $7,500 +15.4% --
08/14/2014 08/14/14 Under Contract -- -- --
07/24/2014 07/24/14 For Rent $6,500 0.0% --
09/18/2012 09/18/12 Sold $1,550,000 0.0% $997 / Sq Ft View Prior Sale
07/02/2012 07/02/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $1,550,000 -- $997 / 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 $29,312 $2,473,769 $1,979,039 $494,730
2024 $29,312 $2,425,265 $1,940,235 $485,030
2023 $28,738 $2,377,712 $1,902,192 $475,520
2022 $27,389 $2,331,092 $1,864,895 $466,197
2021 $27,063 $2,285,385 $1,828,329 $457,056
2019 $26,243 $2,217,600 $1,774,100 $443,500
2018 $20,384 $1,690,025 $1,478,772 $211,253
2017 $19,938 $1,656,888 $1,449,777 $207,111
2016 $19,508 $1,624,400 $1,421,350 $203,050
2015 $19,220 $1,600,000 $1,400,000 $200,000
2014 $19,134 $1,557,036 $1,376,219 $180,817
Source: Public Records

Agents Affiliated with this Home

  • Dev Tailor

    Landlord's Agent in 2024

    Dev Tailor

    Westside Estate Agency Inc.

    (201) 456-3800

    1 in this area

    5 Total Sales

    Dev Tailor
    Section Image

  • N

    Buyer's Agent in 2019

    Narada Ivy

    The Agency

    (310) 500-3900

    1 Total Sale

    Narada Ivy
    Section Image

  • K

    Buyer's Agent in 2019

    Kendall Woods

    Compass

  • C

    Buyer's Agent in 2019

    Chloe Azria

    CURB®

    Section Image
  • Tamra Pardee

    Seller's Agent in 2018

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    252 in this area

    892 Total Sales

    Tamra Pardee
    Section Image
  • Stormie Leoni

    Seller Co-Listing Agent in 2018

    Stormie Leoni

    Compass

    (310) 227-5996

    6 in this area

    62 Total Sales

    Stormie Leoni
    Section Image
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Map

Source: The MLS

MLS Number: 23-339931

The MLS

APN: 4238-006-025

California Los Angeles County Venice 90291 Venice

516 Altair Place, Venice, CA

This home is located at 516 Altair Place, Venice, CA 90291 since 14 December 2023 and is currently priced at $2,621,202. This property was built in 1923. 516 Altair Place 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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