Seller's Agent in 2024
Dimitre Petrov
CRI
(949) 996-7096
2 in this area
4 Total Sales
523 Main St Venice, CA 90291
Venice Neighborhood
1
Bed
1
Bath
1,536
Sq Ft
2,638
Sq Ft Lot
Highlights
- No Units Above
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Venice High School Rated A
- No HOA
- Laundry Room
About This Home
As of May 2024949-996-7096. Introducing a rare investment opportunity located at 523 Main Street in Venice, California. This property presents a chance to secure a prime investment in one of the most popular destinations in Los Angeles. Located just steps away from the renowned Venice Beach, Gold's Gym, Abbot Kinney's bustling shopping district, and the thriving dining and nightlife scene along Rose Avenue, Venice Studios offers unparalleled convenience and a dynamic lifestyle opportunity. With a walk score of 95 out of 100 and an impressive bike score of 100, 523 Main is perfectly situated for easy access to key amenities. It is surrounded by neighboring communities such as Malibu, Pacific Palisades, Santa Monica, Marina Del Rey, and the tech hub of Silicon Beach. Don't miss out on this exceptional opportunity to own an investment property in one of the most sought-after locations in Los Angeles.
Last Agent to Sell the Property
CRI Brokerage Phone: 949-996-7096 License #02071423 Listed on: 10/16/2023
Last Buyer's Agent
CRI Brokerage Phone: 949-996-7096 License #02071423 Listed on: 10/16/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 2,638 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Corner Lot
- Rectangular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 1,536 Sq Ft Home
- 1-Story Property
Kitchen
- Gas Oven
- Built-In Range
- Freezer
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- Parking Available
- Off-Site Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tax Lot 8
- Assessor Parcel Number 4286016034
- $691 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Operating Expense $50,638
- Net Operating Income $85,612
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2024 05/01/24 | Sold | $1,600,000 | -14.7% | $1,042 / Sq Ft | |
| 02/25/2024 02/25/24 | Pending | -- | -- | -- | |
| 01/10/2024 01/10/24 | For Sale | $1,875,000 | +17.2% | $1,221 / Sq Ft | |
| 01/09/2024 01/09/24 | Off Market | $1,600,000 | -- | -- | |
| 01/08/2024 01/08/24 | Price Changed | $1,875,000 | -16.7% | $1,221 / Sq Ft | |
| 10/16/2023 10/16/23 | For Sale | $2,250,000 | -4.3% | $1,465 / Sq Ft | |
| 10/06/2022 10/06/22 | Sold | $2,350,000 | +4.4% | $1,530 / Sq Ft | View Prior Sale |
| 09/14/2022 09/14/22 | Pending | -- | -- | -- | |
| 08/17/2022 08/17/22 | For Sale | $2,250,000 | +42.9% | $1,465 / Sq Ft | |
| 10/27/2017 10/27/17 | Sold | $1,575,000 | -1.6% | $1,025 / Sq Ft | View Prior Sale |
| 08/07/2017 08/07/17 | Pending | -- | -- | -- | |
| 07/30/2017 07/30/17 | Price Changed | $1,600,000 | -5.9% | $1,042 / Sq Ft | |
| 07/14/2017 07/14/17 | Price Changed | $1,700,000 | -10.5% | $1,107 / Sq Ft | |
| 06/26/2017 06/26/17 | For Sale | $1,900,000 | -- | $1,237 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $29,452 | $1,632,000 | $1,387,200 | $244,800 |
| 2024 | $29,452 | $2,397,000 | $2,040,000 | $357,000 |
| 2023 | $28,885 | $2,350,000 | $2,000,000 | $350,000 |
| 2022 | $19,720 | $1,632,000 | $1,428,000 | $204,000 |
| 2021 | $19,487 | $1,600,000 | $1,400,000 | $200,000 |
| 2020 | $20,359 | $1,639,230 | $1,430,550 | $208,680 |
| 2019 | $19,558 | $1,607,100 | $1,402,500 | $204,600 |
| 2018 | $19,503 | $1,575,600 | $1,375,000 | $200,600 |
| 2016 | $1,324 | $61,047 | $34,563 | $26,484 |
| 2015 | $1,313 | $60,131 | $34,044 | $26,087 |
| 2014 | $1,353 | $58,954 | $33,378 | $25,576 |
Source: Public Records
Agents Affiliated with this Home
-
Dimitre Petrov
-
Richard Ringer
Seller's Agent in 2022
Richard Ringer
Richard J. Ringer Inc.
(310) 666-3085
2 in this area
11 Total Sales
-
Deborah King
D
Buyer's Agent in 2022
Deborah King
Western Hotel Brokers, Inc
(805) 452-2880
1 in this area
3 Total Sales
-
M
Seller's Agent in 2017
Mike Brooks
B Squared Realty
-
gary goren
g
Buyer's Agent in 2017
gary goren
The Condo Experts
(310) 314-7700
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23192953
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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