Seller's Agent in 2022
Justin Seigel
ADR/Preferred Bus.Prop
(818) 715-0965
3 in this area
9 Total Sales
617 Crestmoore Place Venice, CA 90291
Venice Neighborhood
1
Bed
1
Bath
3,224
Sq Ft
8,403
Sq Ft Lot
About This Home
As of July 2022JUST REDUCED $245K - 617 Crestmoore Pl. offers investors the opportunity to own a beautiful and well-maintained multi-family property in a world renowned area. This 6-unit property is located in Venice, one of the most highly desirable beach neighborhoods in Southern California. Surrounded by many popular restaurants, stores, bars, and attractions, the area is ideal for all ages. Conveniently located steps from Abbot Kinney, 1.5 miles from Venice Beach/Canals, and near the Marina Freeway (SR 90). The unit mix consists of six 1 bed 1 bath units. Additionally, the building sits on a double lot which is a developers dream and a rarity in the Venice neighborhood.
-Please do not disturb tenants; viewings contingent on accepted offers.
-Buyer to cooperate with Sellers 1031 exchange.
Last Agent to Sell the Property
ADR/Preferred Bus.Prop License #02104699 Listed on: 04/06/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 8,403 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 3,224 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Additional Features
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 40 / F
- Tax Tract Number 273800
- Assessor Parcel Number 4237012013
- $870 per year additional tax assessments
Community Details
Building Details
- 6 Leased Units
- Rent Control
- Operating Expense $79,726
- Gross Income $196,152
- Net Operating Income $116,426
Additional Features
- 6 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/12/2022 07/12/22 | Sold | $3,300,000 | -1.5% | $1,024 / Sq Ft |
| 05/10/2022 05/10/22 | Pending | -- | -- | -- |
| 05/06/2022 05/06/22 | Price Changed | $3,349,995 | -6.8% | $1,039 / Sq Ft |
| 04/06/2022 04/06/22 | For Sale | $3,595,000 | -- | $1,115 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $41,278 | $3,433,320 | $3,017,160 | $416,160 |
| 2024 | $41,278 | $3,366,000 | $2,958,000 | $408,000 |
| 2023 | $40,481 | $3,300,000 | $2,900,000 | $400,000 |
| 2022 | $25,828 | $2,138,983 | $1,774,076 | $364,907 |
| 2021 | $25,515 | $2,097,043 | $1,739,291 | $357,752 |
| 2019 | $24,762 | $2,034,845 | $1,687,703 | $347,142 |
| 2018 | $24,636 | $1,994,947 | $1,654,611 | $340,336 |
| 2016 | $23,536 | $1,917,482 | $1,590,361 | $327,121 |
| 2015 | $23,195 | $1,888,681 | $1,566,473 | $322,208 |
| 2014 | $23,295 | $1,851,685 | $1,535,788 | $315,897 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Seigel
-
Karla Cisneros
K
Seller Co-Listing Agent in 2022
Karla Cisneros
Nansco Management Inc.
(818) 884-6356
3 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR22069150
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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