NOT LISTED FOR SALE

541 Rose Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,041,000 - $2,612,000

2 Beds
2 Baths
954 Sq Ft
$2,426/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $1,650,000 $1,730 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $13,947/month

169 Days on Market

Highlights

  • Gated Parking
  • Venice High School Rated A
  • 1-Story Property

About This Home

As of October 2019

Duplex walking distance to the beach, Abbot Kinney, and all of Rose's premiere shops and restaurants. Two one bedroom units with ample natural light are being delivered vacant and ready to go! A large green yard with space for parking (alley access) rounds off the property and provides an outdoor retreat in the middle of the hustle and bustle of the city. - Zoned LAC4, use code is Residential ( double, duplex, or two units - 4 stories or less). Buyer to do due diligence on commercial use

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 03/28/2019

Last Buyer's Agent

Grace Lee

License #01881519

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 2,860 Sq Ft Lot

Interior Spaces

  • 954 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Gated Parking
  • On-Street Parking

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4240-004-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 954
  • Stories: 1
  • Year Built: 1953
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 1729.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Gated, On street
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 45900
  • Assessed Land Value: 1326000
  • Assessor Parcel Number: 4240-004-003
  • Geocode Override: No
  • Lot Size Area: 2860

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Residental

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2019
Closed on
Oct 16, 2019
Sold by
541 Rose Llc
Bought by
Lee David D and Lee Grace
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Grace Lee
List Price
$1,995,000
Sold Price
$1,650,000
Premium/Discount to List
-$345,000
-17.29%
Current Estimated Value
$2,314,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,278
Avg. Annual Appreciation
5.62%
Original Mortgage
$1,072,500
Outstanding Balance
$943,374
Interest Rate
3.7%
Estimated Equity
$1,370,904

Purchase Details

Closed on
Jul 16, 2015
Sold by
Stirling Melissa
Bought by
541 Rose Llc

Purchase Details

Closed on
Jul 15, 2014
Sold by
Stirling Kristina
Bought by
Stirling Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2013
Closed on
Aug 21, 2013
Sold by
Kroner Luis and Kroner Niise Mabel
Bought by
Stirling Kristina and Stirling Melissa
Seller's Agent
Winston Cenac
Bulldog Realtors, Inc.
Buyer's Agent
Timo Trevisani
Lumo Properties
List Price
$1,250,000
Sold Price
$1,315,000
Premium/Discount to List
$65,000
5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$700,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2004
Sold by
Kroner Luis and Kroner Nilse Mabel
Bought by
Kroner Luis and Kroner Nilse Mabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2001
Sold by
Kroner Luis and Kroner Nilse Mabel
Bought by
Kroner Family Trust

Purchase Details

Closed on
Jul 1, 1996
Sold by
Kroner Luis
Bought by
Kroner Luis and Kroner Nilse Mabel
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
Lee David D $1,650,000 Fidelity National Title
541 Rose Llc $1,345,000 Chicago Title Company
Stirling Melissa -- Wfg Title Company
Stirling Kristina $1,315,000 Lawyers Title Company
Kroner Luis -- New Century Title Company
Kroner Family Trust -- --
Kroner Luis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee David D $1,072,500
Previous Owner Stirling Melissa $682,000
Previous Owner Stirling Kristina $700,000
Previous Owner Kroner Luis $217,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2019 10/31/19 Sold $1,650,000 0.0% $1,730 / Sq Ft
07/08/2019 07/08/19 Price Changed $1,650,000 -5.7% $1,730 / Sq Ft
05/15/2019 05/15/19 Price Changed $1,750,000 -12.3% $1,834 / Sq Ft
03/28/2019 03/28/19 For Sale $1,995,000 +51.7% $2,091 / Sq Ft
09/20/2013 09/20/13 Sold $1,315,000 +5.2% $1,378 / Sq Ft View Prior Sale
08/09/2013 08/09/13 Pending -- -- --
07/17/2013 07/17/13 For Sale $1,250,000 -- $1,310 / 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 $23,583 $1,981,993 $1,695,150 $286,843
2024 $23,583 $1,943,131 $1,661,912 $281,219
2023 $21,014 $1,734,443 $1,629,326 $105,117
2022 $20,030 $1,700,435 $1,597,379 $103,056
2021 $19,793 $1,667,094 $1,566,058 $101,036
2019 $16,960 $1,427,324 $1,379,570 $47,754
2018 $16,881 $1,399,338 $1,352,520 $46,818
2016 $16,160 $1,345,000 $1,300,000 $45,000
2015 $16,170 $1,345,636 $1,161,988 $183,648
2014 $16,172 $1,315,000 $1,200,000 $115,000
Source: Public Records

Agents Affiliated with this Home

  • Tamra Pardee

    Seller's Agent in 2019

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    232 in this area

    855 Total Sales

    Tamra Pardee
    Section Image

  • G

    Buyer's Agent in 2019

    Grace Lee

  • W

    Seller's Agent in 2013

    Winston Cenac

    Bulldog Realtors, Inc.

    Section Image

  • T

    Buyer's Agent in 2013

    Timo Trevisani

    Lumo Properties

    (310) 985-1970

    1 in this area

    10 Total Sales

    Timo Trevisani
    Section Image
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Map

Source: The MLS

MLS Number: 19-448924

The MLS

APN: 4240-004-003

California Los Angeles County Venice 90291 Venice

541 Rose Ave, Venice, CA

Not Listed for Sale

MultiFamily

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