Jennifer Brill
Monarch Capital Corporation
(424) 361-6010
21 Total Sales
1 in Venice
$1,340,000 Price
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
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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 in unit
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 12, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 28, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$658,889
Interest Rate
5.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 2004
Sold by
Bought by
Purchase Details
Closed on
Nov 17, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
5.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 11, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
5.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 4, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
5.76%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 12, 2002
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Venice, CA
-
Jennifer Brill
-
Alexander Masket
Alexander Masket
Responds QuicklyCompass
(323) 310-1876
28 Total Sales
1 in Venice
$3,269,000 Price
-
Luis Mendoza
Luis Mendoza
(858) 293-4222
27 Total Sales
1 in Venice
$2,645,000 Price
-
Kevin Da Silva
Kevin Da Silva
eXp Realty of Greater Los Angeles, Inc.
(424) 372-0894
99 Total Sales
1 in Venice
$2,225,000 Price
-
Devin McNichol
Devin McNichol
Responds QuicklyKeller Williams Beverly Hills
(424) 544-8484
101 Total Sales
1 in Venice
$1,920,000 Price
-
Guy Azar
Guy Azar
The Agency
(747) 223-8695
37 Total Sales
1 in Venice
$7,100,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,300,000 | None Listed On Document | ||
| -- | First American Title Ins Co | ||
| -- | Southland Title Corporation | ||
| -- | -- | ||
| -- | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| $714,000 | Fidelity National Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,300,000 | ||
| Previous Owner | $658,889 | ||
| Previous Owner | $715,000 | ||
| Previous Owner | $190,000 | ||
| Previous Owner | $467,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $41,740 | $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
Seller's Agent in 2022
Justin Seigel
ADR/Preferred Bus.Prop
(818) 715-0965
5 in this area
11 Total Sales
-
Karla Cisneros
K
Seller Co-Listing Agent in 2022
Karla Cisneros
Nansco Management Inc.
(818) 884-6356
5 in this area
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR22069150
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 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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