NOT LISTED FOR SALE

550 Vernon Ave Unit D Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,689,000 - $1,873,827

4 Beds
3 Baths
1,970 Sq Ft
$901/Sq Ft Est. Value

Last Sold April 03, 2024

Last sale price $1,610,000 $817 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,848/month

56 Days on Market

Highlights

  • City Lights View
  • Maid or Guest Quarters
  • Contemporary Architecture
  • Venice High School Rated A
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

As of April 2024

Tri-level townhome includes street level bonus room that features 3/4 bathroom & walk-in closet; only blocks from Venice Beach & offering the epitome of coastal living. Upstairs you'll find a spacious 3-bedroom, 2-bathroom, 2-story condo. Open kitchen & dining area flow into living room creating a large entertaining space. Guest bedrooms share luxe bathroom w/ separate sink & dressing area. Primary suite occupies its own level & boasts enormous walk-in closet, romantic fireplace, large windows that flood room w/ light, spa bath & separate shower. Private rooftop terrace offers peek-a-boo ocean views; an incredible spot to savor beach sunrises & sunsets. 2-car direct access garage provides convenient & secure parking; a rarity at the beach. Moments from renowned Abbot Kinney Blvd & its boho-beach chic boutiques, health & wellness shops & neighborhood eateries such as SCOPA, The Butcher's Daughter & Intelligentsia.

Last Agent to Sell the Property

Christopher Pickett

Douglas Elliman License #01475927 Listed on: 01/04/2024

Douglas Elliman

Last Buyer's Agent

Garrett Smith

Orange Realty, Inc. License #02158238

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $20,358

Year Built

  • Built in 2005

Lot Details

  • 5,110

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage

Property Views

  • City Lights
  • Mountain
  • Park or Greenbelt

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,970 Sq Ft Home
  • 3-Story Property
  • Decorative Fireplace
  • Living Room
  • Home Office
  • Bonus Room
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry in unit
  • Dryer

Additional Features

  • Open Patio
  • 5,110 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4239-002-038

Community Details

Overview

  • 4 Units

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$20,358

Year Built

Built in 2005

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • Complex Name: 550 Vernon Avenue
  • Entry Floor: 1
  • Living Area: 1970
  • Lot Acreage: 0.1173
  • Planned Urban Dev: 0
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 2005
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Master Bedroom
  • Flooring: Hardwood, Carpet, Tile, Mixed
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 856.85

Exterior Features

  • Pool: No
  • Spa Yn: No
  • View: City Lights, Green Belt, Mountains, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Direct Entrance
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access

Association/Amenities

  • Amenities: Controlled Access
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 500.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4239-002-038
  • Lot Size Area: 5110

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Memole Ross A
Bought by
Memole Ross
Current Estimated Value
$1,774,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,187,000
Outstanding Balance
$1,184,742
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$589,965

Purchase Details

Listed on
Jan 4, 2024
Closed on
Mar 1, 2024
Sold by
Cira Property 1 Llc
Bought by
Memole Ross A
Seller's Agent
Christopher Pickett
Douglas Elliman
Buyer's Agent
Garrett Smith
Orange Realty, Inc.
List Price
$1,688,000
Sold Price
$1,610,000
Premium/Discount to List
-$78,000
-4.62%
Views
131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$1,200,000
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2017
Closed on
Nov 29, 2017
Sold by
Baldino Jeffrey P
Bought by
Cira Property 1 Llc
Seller's Agent
Tressana Alouane
Douglas Elliman
Buyer's Agent
Christopher Pickett
Douglas Elliman
List Price
$1,475,000
Sold Price
$1,505,000
Premium/Discount to List
$30,000
2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Original Mortgage
$700,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2017
Closed on
Oct 27, 2017
Sold by
Greco Michael Paul
Bought by
Baldino Jeffrey P and The Jeffrey P Baldino Irrevocable Trust
Seller's Agent
Tressana Alouane
Douglas Elliman
Buyer's Agent
Christopher Pickett
Douglas Elliman
List Price
$1,475,000
Sold Price
$1,505,000
Premium/Discount to List
$30,000
2.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2014
Sold by
Greco Michael Paul
Bought by
Greco Schafer Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2011
Sold by
Greco Michael P
Bought by
Greco Michael Paul and Greco Mellissa Schafer

Purchase Details

Closed on
Dec 18, 2007
Sold by
Lineros Investments Lp
Bought by
Greco Michael P and Greco Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2006
Sold by
Pyros Jeffrey J
Bought by
Lineros Investments Lp

Purchase Details

Closed on
Sep 13, 2005
Sold by
Izzys Holding Inc
Bought by
Pyros Jeffrey J and Pyros Theresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,200
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Memole Ross -- Orange Coast Title Company
Memole Ross A $1,610,000 Chicago Title
Cira Property 1 Llc -- None Available
Baldino Jeffrey P $1,505,000 Lawyers Title Company
Greco Schafer Trust -- Priority Title
Greco Michael Paul -- None Available
Greco Michael P -- California Title Company
Lineros Investments Lp -- None Available
Pyros Jeffrey J $934,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Memole Ross $1,187,000
Previous Owner Memole Ross A $1,200,000
Previous Owner Cira Property 1 Llc $700,000
Previous Owner Greco Schafer Trust $940,000
Previous Owner Greco Mellissa Schafer $710,740
Previous Owner Greco Michael Paul $714,000
Previous Owner Greco Michael P $724,000
Previous Owner Greco Michael P $716,000
Previous Owner Pyros Jeffrey J $747,200
Previous Owner Pyros Jeffrey J $93,400
Previous Owner Rosen Allyson $181,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2024 04/03/24 Sold $1,610,000 -4.6% $817 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $1,688,000 +12.2% $857 / Sq Ft
11/02/2017 11/02/17 Sold $1,505,000 +2.0% $764 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $1,475,000 -- $749 / 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 $20,358 $1,642,200 $1,166,574 $475,626
2024 $20,358 $1,678,849 $1,283,402 $395,447
2023 $19,962 $1,645,932 $1,258,238 $387,694
2022 $19,027 $1,613,660 $1,233,567 $380,093
2021 $18,793 $1,582,021 $1,209,380 $372,641
2019 $18,225 $1,535,100 $1,173,510 $361,590
2018 $18,167 $1,505,000 $1,150,500 $354,500
2017 $1 $1,012,931 $220,693 $792,238
2016 $11,889 $993,070 $216,366 $776,704
2015 $11,713 $978,154 $213,116 $765,038
2014 $11,749 $958,994 $208,942 $750,052
Source: Public Records

Agents Affiliated with this Home

  • Christopher Pickett

    Seller's Agent in 2024

    Christopher Pickett

    Douglas Elliman

    (310) 800-7103

    1 in this area

    49 Total Sales

    Christopher Pickett
    Section Image

  • G

    Buyer's Agent in 2024

    Garrett Smith

    Orange Realty, Inc.

    Section Image
  • Tressana Alouane

    Seller's Agent in 2017

    Tressana Alouane

    Douglas Elliman

    (310) 415-5757

    6 Total Sales

    Tressana Alouane
    Section Image
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Map

Source: The MLS

MLS Number: 24-342989

The MLS

APN: 4239-002-038

California Los Angeles County Venice 90291 Venice

550 Vernon Ave Unit D, Venice, CA

This home is located at 550 Vernon Ave Unit D, Venice, CA 90291 since 04 January 2024 and is currently estimated at $1,774,707, approximately $900 per square foot. This property was built in 2005. 550 Vernon Ave Unit D 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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