NOT LISTED FOR SALE

554 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,696,000 - $5,667,000

2 Beds
3 Baths
2,886 Sq Ft
$1,685/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $4,279,200 $1,483 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $30,111/month

Highlights

  • Pool House
  • Gated Parking
  • Wood Flooring
  • Venice High School Rated A
  • View of Trees or Woods
  • No HOA

About This Home

As of August 2021

This exquisite one-of-a-kind property has been re-imagined by esteemed local architects David Hertz and Charles Ward and is for the most discerning of buyers. With architectural features such as exposed wood beams and ceilings, sleek steel finishes, polished concrete and wood flooring, a loft-style secondary lounge area upstairs, and custom architectural glass doors and windows. Natural light floods into the open living and dining areas through the surrounding floor-to-ceiling glass windows and doors. The chefs kitchen offers an ultra-modern design using open shelving to accentuate the open atmosphere and provide plentiful storage. The primary suite comes complete with an open terrace that spans the entire width of the second story and looks out to the picturesque backyard, where youll find luscious greenery, and a beautiful spa and swimming pool. Also featured in the backyard is a second structure that serves as a bar and gym, and will have completed the plan check process for an ADU to have an RTI Ready To Issue status. Centrally located to Abbot Kinney, the beach, and all Venice has to offer, this private oasis is a must see!

Last Agent to Sell the Property

Drew Gitlin

Coldwell Banker Realty License #00944472 Listed on: 07/16/2021

Coldwell Banker Realty

Last Buyer's Agent

Josh Picker

Douglas Elliman of California, Inc. License #01982476

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 5,201 Sq Ft Lot
  • Property is zoned LARD1.5

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Gated Parking

Property Views

  • Woods
  • Pool

Interior Spaces

  • 2,886 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Home Office

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Pool House
  • In Ground Pool
  • In Ground Spa

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4239-023-005

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 2886
  • Lot Acreage: 0.1194
  • Stories: 2
  • Year Built: 1938
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Cement, Wood
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside, Room
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1559.25

Exterior Features

  • Other Structures: Other, Pool House
  • Pool Description: In Ground, Private
  • Pool: Yes
  • Spa: In Ground, Private
  • Spa Yn: Yes
  • View: Trees/Woods, Pool
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Garage - 2 Car, Gated
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4239-023-005
  • Lot Size Area: 5201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Jul 13, 2018
Sold by
Abrams Daniel and Dan Abrams 2014 Revocable Trus
Bought by
Johnson Craig Randall and The Johnson Revocable Trust
Seller's Agent
Kerry Ann Sullivan
Pardee Properties
Buyer's Agent
Sparks Landen
Compass
List Price
$3,900,000
Sold Price
$3,900,000
Current Estimated Value
$4,863,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$963,329
Avg. Annual Appreciation
3.02%

Purchase Details

Closed on
Dec 4, 2014
Sold by
Abrams Daniel
Bought by
Abrams Daniel and Dan Abrams 2014 Revocable Trus

Purchase Details

Closed on
Oct 26, 2012
Sold by
Rosen Michael L and Rosen Susan C
Bought by
Abrams Daniel

Purchase Details

Closed on
Feb 2, 2001
Sold by
Michael L & Susan C Rosen Family Living
Bought by
Rosen Michael L and Rosen Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7%

Purchase Details

Closed on
Mar 31, 2000
Sold by
Rosen Michael L and Rosen Susan C
Bought by
Michael L & Susan C Rosen Family Living

Purchase Details

Closed on
Dec 2, 1998
Sold by
Ward Charles A and Ward Charles
Bought by
Rosen Michael L and Rosen Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,596
Interest Rate
6.69%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 9, 1998
Sold by
Bush Trust and Robert Alan
Bought by
Ward Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
9.75%

Purchase Details

Closed on
Oct 27, 1993
Sold by
Bush Helen Jean
Bought by
Bush Helen Jean and The Bush Revocable Trust Of 19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
6.81%

Purchase Details

Closed on
Oct 20, 1993
Sold by
Bush Helen Jean and The Bush Revocable Trust
Bought by
Bush Helen Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
6.81%
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
Johnson Craig Randall $3,900,000 Fidelity National Title Comp
Abrams Daniel -- None Available
Abrams Daniel $2,950,000 Fidelity National Title Co
Rosen Michael L -- Southland Title Corporation
Michael L & Susan C Rosen Family Living -- --
Rosen Michael L $129,500 Southland Title Corporation
Ward Charles $195,000 Southland Title Corporation
Bush Helen Jean -- Southern California Title Co
Bush Helen Jean -- Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosen Michael L $540,000
Previous Owner Rosen Michael L $101,596
Previous Owner Ward Charles $146,250
Previous Owner Bush Helen Jean $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2021 08/05/21 Sold $4,279,200 -4.9% $1,483 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $4,500,000 +15.4% $1,559 / Sq Ft
08/20/2018 08/20/18 Sold $3,900,000 0.0% $1,351 / Sq Ft View Prior Sale
07/01/2018 07/01/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $3,900,000 -- $1,351 / 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 $56,173 $4,741,397 $3,183,624 $1,557,773
2024 $56,173 $4,648,429 $3,121,200 $1,527,229
2023 $52,716 $4,364,784 $3,060,000 $1,304,784
2022 $50,237 $4,279,200 $3,000,000 $1,279,200
2021 $47,572 $4,019,211 $2,061,134 $1,958,077
2020 $48,075 $3,978,000 $2,040,000 $1,938,000
2019 $46,131 $3,900,000 $2,000,000 $1,900,000
2018 $39,032 $3,239,802 $2,164,521 $1,075,281
2016 $37,354 $3,113,999 $2,080,471 $1,033,528
2015 $36,801 $3,067,225 $2,049,221 $1,018,004
2014 $36,899 $3,007,143 $2,009,080 $998,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-753412

The MLS

APN: 4239-023-005