NOT LISTED FOR SALE

615 Olive Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,913,000 - $2,438,000

3 Beds
3 Baths
1,479 Sq Ft
$1,420/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $1,760,000 $1,190 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $13,290/month

72 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Courtyard Views
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Ground Level Unit
  • Fenced Yard

About This Home

As of February 2021

Prime Silver Triangle Triplex, investment opportunity in the heart of Venice! Situated in the best location, this beautifully maintained triplex offers charming 1 Bed/1 Bath units with large detached garages and courtyard space for each unit. One unit is vacant and offers you the chance to live in one unit while receiving income on the rest of the units. //We love: The opportunity to be an owner/user in a fully updated vacant unit in one of the most sought after locations on the Westside. Alternatively, you could lease the vacant unit at the market rate for a great investment! This quintessential property offers established tenants and complete privacy with lush landscaping. // The Neighborhood: Silver Triangle is located walking distance to the ocean, minutes from Abbot Kinney, Venice Canals, restaurants, farmers market, Erewhon - a truly historic neighborhood with once in a life time opportunity to own a great corner lot. Parking is easy and street is quiet. This is a MUST SEE.

Last Agent to Sell the Property

Penny Muck

Pardee Properties License #01820065 Listed on: 11/30/2020

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Natalie Stern Trabin

Compass License #01901052

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,667

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 3,602 Sq Ft Lot
  • Lot Dimensions are 67x132
  • Fenced Yard
  • Gated Home
  • Landscaped
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • Bungalow
  • Turnkey

Interior Spaces

  • 1,479 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Living Room
  • Wood Flooring
  • Courtyard Views
  • Security Lights

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 3 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating
  • Sewer in Street

Additional Features

  • Open Patio
  • Ground Level Unit

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4228-005-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,667

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 1479
  • Lot Acreage: 0.0827
  • Lot Dimensions: 67x132
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Recessed Lighting, Turnkey
  • Flooring: Hardwood
  • Appliances: Oven-Gas
  • Bedrooms: 3
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub, Remodeled
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Remodeled, Open to Family Room
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Garbage Disposal, Refrigerator, Range/Oven, Freezer, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 1250.85

Exterior Features

  • Other Features: Sliding Glass Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No
  • View: Tree Top, Courtyard
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Garage, Private Garage, Garage Is Attached
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Central
  • Security: Gated
  • Sewer: In Street

Lot Info

  • Assessor Parcel Number: 4228-005-023
  • Lot Description: Alley Paved, Exterior Security Lights, Fenced, Fenced Yard, Landscaped, Yard
  • Lot Location: Corner Lot
  • Lot Size Area: 3602

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 3
  • Total Annual Expense: 84000
  • Type Of Units: Bungalow
  • Vacancy Rate: 33%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Barzilai Yoram and Barzilai Anat
Bought by
Barzilai Family Trust and Barzilai
Current Estimated Value
$2,092,534

Purchase Details

Listed on
Nov 30, 2020
Closed on
Feb 24, 2021
Sold by
Low Anthony
Bought by
Barzilai Yoram and Barzilai Anat
Seller's Agent
Penny Muck
Pardee Properties
Buyer's Agent
Natalie Stern Trabin
Compass
List Price
$1,850,000
Sold Price
$1,760,000
Premium/Discount to List
-$90,000
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%

Purchase Details

Listed on
May 9, 2016
Closed on
Jun 8, 2016
Sold by
Rodriguez Martin R and Rodriguez Adys L
Bought by
Low Anthony and Anthony Low Revocable Trust
Seller's Agent
Janette Monfared
Marcus & Millichap
Buyer's Agent
Katie Pardee
Pardee Properties
List Price
$1,700,000
Sold Price
$1,700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.75%
Original Mortgage
$1,020,000
Interest Rate
3.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 19, 2011
Sold by
Rodriguez Martin R and Rodriguez Adys
Bought by
Rodriguez Martin R and Rodriguez Adys L
Source: Public Records

Range of Values:

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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
Barzilai Family Trust -- None Listed On Document
Barzilai Yoram $1,760,000 Stewart Title Of Ca Inc
Low Anthony $1,700,000 Ticor Title Company
Rodriguez Martin R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Low Anthony $1,020,000
Previous Owner Lee Sam $106,956
Previous Owner Rodriguez Martin R $162,000
Previous Owner Rodriguez Martin R $160,500
Previous Owner Rodriguez Martin R $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $1,760,000 -4.9% $1,190 / Sq Ft
02/10/2021 02/10/21 Pending -- -- --
11/30/2020 11/30/20 For Sale $1,850,000 +8.8% $1,251 / Sq Ft
07/08/2016 07/08/16 Sold $1,700,000 0.0% $1,149 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $1,700,000 -- $1,149 / 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 $22,667 $1,905,080 $1,623,648 $281,432
2024 $22,667 $1,867,726 $1,591,812 $275,914
2023 $22,226 $1,831,104 $1,560,600 $270,504
2022 $22,946 $1,795,200 $1,530,000 $265,200
2021 $21,670 $1,822,741 $1,715,522 $107,219
2020 $21,897 $1,804,052 $1,697,932 $106,120
2019 $21,016 $1,768,680 $1,664,640 $104,040
2018 $20,926 $1,734,000 $1,632,000 $102,000
2016 $3,616 $289,638 $136,738 $152,900
2015 $3,565 $285,289 $134,685 $150,604
2014 $3,597 $279,701 $132,047 $147,654
Source: Public Records

Agents Affiliated with this Home

  • Penny Muck

    Seller's Agent in 2021

    Penny Muck

    Pardee Properties

    (310) 266-9946

    19 in this area

    59 Total Sales

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  • Tamra Pardee

    Seller Co-Listing Agent in 2021

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    262 in this area

    946 Total Sales

    Section Image
  • Natalie Stern Trabin

    Buyer's Agent in 2021

    Natalie Stern Trabin

    Compass

    (310) 415-2663

    1 in this area

    128 Total Sales

    Section Image
  • Janette Monfared

    Seller's Agent in 2016

    Janette Monfared

    Marcus & Millichap

    (818) 212-2700

    21 Total Sales

    Section Image
  • Katie Pardee

    Buyer's Agent in 2016

    Katie Pardee

    Pardee Properties

    (978) 290-2412

    11 in this area

    54 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 20-658964

The MLS

APN: 4228-005-023

California Los Angeles County Venice 90291 Venice

615 Olive Ave, Venice, CA

This home is located at 615 Olive Ave, Venice, CA 90291 since 30 November 2020 and is currently estimated at $2,099,679, approximately $1,419 per square foot. This property was built in 1925. 615 Olive Ave is a home located in Los Angeles County with nearby schools including Coeur D'Alene 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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