$1,359,500
SOLD DEC 23, 2024

577 Venice Blvd Venice, CA 90291

Venice Neighborhood
3 Beds
3 Baths
1,510 Sq Ft
4,400 Sq Ft Lot

Recently Sold

$900 Per Sq Ft

20% Below List Price

72 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • 4-minute walk to Centennial Park
  • Venice High School Rated A
  • Ceiling Fan

About This Home

As of December 2024

An exceptional investment opportunity with this incredible duplex in the heart of Venice! With R3 zoning, there may be possibility to expand to a triplex by converting the spacious garage. Ideally situated just minutes from Venice Beach, the canals, Rose Ave, and Abbot Kinney Boulevard, this property boasts excellent walkability and quick access to Silicon Beach and major freeways. Don't miss your chance to invest in one of LA's most desirable neighborhoods!

Last Agent to Sell the Property

Robert Howell

Keller Williams Beverly Hills License #01229400 Listed on: 09/11/2024

Keller Williams Beverly Hills

Co-Listed By

Somtochukwu Maduka

Christie's International Real Estate SoCal License #02222352

Last Buyer's Agent

John Katnik

BRC Advisors- BH License #02002695

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,717

Year Built

  • Built in 1953

Lot Details

  • 4,400 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 1,510 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4238-017-039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,717

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1510
  • Lot Acreage: 0.1010
  • Year Built: 1953
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Ceiling Fan, Refrigerator
  • Price Per S Q F T: 1026.16

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway, Garage Is Attached

Utilities

  • Cooling: Central
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 53.73
  • Assessed Improvement Value: 66716
  • Assessed Land Percent: 46.27
  • Assessed Land Value: 57463
  • Total Assessed Value: 124179
  • Assessor Parcel Number: 4238-017-039
  • Lot Size Area: 4400

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.77
  • Number Of Units: 2
  • Total Annual Expense: 3070.92
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Nov 25, 2024
Sold by
Stephen Merjanian Living Trust and Merjanian Nancy F
Bought by
Mcnary Patrick and Freire Gabriel
Seller's Agent
Robert Howell
Keller Williams Beverly Hills
Buyer's Agent
John Katnik
BRC Advisors- BH
List Price
$1,695,000
Sold Price
$1,359,500
Premium/Discount to List
-$335,500
-19.79%
Views
18
Current Estimated Value
$1,442,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,014
Avg. Annual Appreciation
10.88%
Original Mortgage
$1,244,962
Outstanding Balance
$1,240,672
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$202,741

Purchase Details

Closed on
Jan 17, 2019
Sold by
Merjanian Stephen
Bought by
Merjanian Stephen and Stephen Merjanian Living Trust

Purchase Details

Closed on
Jan 2, 2014
Sold by
Merjanian Nancy
Bought by
Merjanian Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.49%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Oct 16, 1998
Sold by
Merjanian Stephen
Bought by
Merjanian Stephen and Skillman Nancy F
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,359,500 First American Title
Grant Deed $1,359,500 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Prc Division Of Placer Title
Interfamily Deed Transfer -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,244,962 FHA
Closed $1,244,962 FHA
Previous Owner $2,550,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $325,000 New Conventional
Previous Owner $280,000 Unknown
Previous Owner $16,456 Unknown
Previous Owner $259,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,359,500 -12.3% $900 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
10/03/2024 10/03/24 Price Changed $1,549,500 -8.6% $1,026 / Sq Ft
09/11/2024 09/11/24 For Sale $1,695,000 -- $1,123 / 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
2024 $1,717 $126,662 $58,612 $68,050
2023 $1,691 $124,179 $57,463 $66,716
2022 $1,622 $121,745 $56,337 $65,408
2021 $1,591 $119,359 $55,233 $64,126
2019 $1,546 $116,201 $53,596 $62,605
2018 $1,493 $113,931 $52,546 $61,385
2016 $1,414 $109,143 $50,506 $58,637
2015 $1,394 $107,505 $49,748 $57,757
2014 $1,413 $105,400 $48,774 $56,626
Source: Public Records

Agents Affiliated with this Home

  • Robert Howell

    Seller's Agent in 2024

    Robert Howell

    Keller Williams Beverly Hills

    (310) 729-2807

    1 in this area

    95 Total Sales

    Robert Howell
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Somtochukwu Maduka

    Christie's International Real Estate SoCal

    (310) 505-8292

    1 in this area

    1 Total Sale

    Somtochukwu Maduka
    Section Image
  • John Katnik

    Buyer's Agent in 2024

    John Katnik

    BRC Advisors- BH

    (310) 956-2291

    2 in this area

    72 Total Sales

    John Katnik
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-438303

The MLS

APN: 4238-017-039

California Los Angeles County Venice 90291 Venice

577 Venice Blvd, Venice, CA

This home is located at 577 Venice Blvd, Venice, CA 90291 and is currently priced at $1,359,500, approximately $900 per square foot. This property was built in 1953. 577 Venice Blvd 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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