NOT LISTED FOR SALE

619 6th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,858,000 - $2,116,000

1 Bed
1 Bath
1,441 Sq Ft
$1,372/Sq Ft Est. Value

Last Sold August 14, 2012

Last sale price $880,000 $611 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $11,837/month

148 Days on Market

Highlights

  • Contemporary Architecture
  • Venice High School Rated A
  • No Heating

About This Home

As of August 2012

Three units close to the Beach in Venice California. Well maintain front unit is two bedrooms with a apartment unit n the back. Separated 3rd unit on the back with private access through the alley and private drive way. Just walk to the beach.

Last Agent to Sell the Property

Noe Saavedra

Berkshire Hathaway H.S.C.P. License #01206846 Listed on: 02/20/2012

Last Buyer's Agent

Megan Valnes

Create License #01886440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,016

Year Built

  • Built in 1923

Lot Details

  • 5,670

Parking

  • 4 Parking Spaces

Home Design

  • 1,441 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Additional Features

  • 5,670 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block 6
  • Tax Tract Number 14
  • Assessor Parcel Number 4240014030

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $400
  • New Taxes Expense $5,967
  • Gross Income $4,600
  • Net Operating Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,016

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.63
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 4240014030
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 610.69

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5670.00
  • Lot Size Acres: 0.1300

Multi Family

  • Gross Income: 4600.00
  • Gross Multiplier: 19.02
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 400.00
  • Lot Size Area: 5670.0000 Square Feet
  • Net Operating Income: 48600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 6600.00

Tax Info

  • New Taxes Expense: 5967.00
  • Tax Area: 67
  • Tax Block: 6
  • Tax Lot: 0.
  • Tax Tract Number: 014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2012
Closed on
Jun 21, 2012
Sold by
Morales Victor Saavedra and Morales Tomas Saavedra
Bought by
619 6Th Avenue Llc
Seller's Agent
Noe Saavedra
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Megan Valnes
Create
List Price
$1,450,000
Sold Price
$880,000
Premium/Discount to List
-$570,000
-39.31%
Current Estimated Value
$1,977,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,097,166
Avg. Annual Appreciation
6.40%

Purchase Details

Closed on
Apr 22, 2009
Sold by
Morales Victor Saavedra
Bought by
Morales Victor Saavedra and Morales Tomas Saavedra

Purchase Details

Closed on
Sep 24, 2008
Sold by
Morales Victor Saavedra and Morales Tomas Saavedra
Bought by
Morales Victor Saavedra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2006
Sold by
Morales Victor Saavedra
Bought by
Morales Victor Saavedra and Morales Tomas Saavedra

Purchase Details

Closed on
Feb 14, 2002
Sold by
Morales Victor Saavedra and Morales Tomas Saavedra
Bought by
Morales Victor Saavedra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.94%

Purchase Details

Closed on
Nov 24, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Morales Victor Saaveda and Morales Tomas Saavedra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
7.42%

Purchase Details

Closed on
Nov 17, 1995
Sold by
Lopez Francisca
Bought by
Morales Tomas Saavedra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
7.42%

Purchase Details

Closed on
Sep 16, 1994
Sold by
Brown William C and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
619 6Th Avenue Llc $880,000 Orange Coast Title
Morales Victor Saavedra -- None Available
Morales Victor Saavedra -- Investors Title Company
Morales Victor Saavedra -- None Available
Morales Victor Saavedra -- Chicago Title Co
Morales Victor Saaveda $131,000 First American Title Co
Morales Tomas Saavedra -- First American Title Co
Federal Home Loan Mortgage Corporation $160,747 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morales Victor Saavedra $373,000
Previous Owner Morales Victor Saavedra $292,000
Previous Owner Morales Victor Saavedra $185,000
Previous Owner Morales Victor Saaveda $117,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2012 08/14/12 Sold $880,000 -39.3% $611 / Sq Ft
07/17/2012 07/17/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $1,450,000 -- $1,006 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,016 $1,083,643 $812,736 $270,907
2024 $13,016 $1,062,396 $796,800 $265,596
2023 $12,767 $1,041,566 $781,177 $260,389
2022 $12,175 $1,021,144 $765,860 $255,284
2021 $12,025 $1,001,123 $750,844 $250,279
2020 $12,149 $990,859 $743,146 $247,713
2019 $11,665 $971,431 $728,575 $242,856
2018 $11,606 $952,385 $714,290 $238,095
2017 $11,355 $933,712 $700,285 $233,427
2016 $11,104 $915,404 $686,554 $228,850
2015 $10,942 $901,655 $676,242 $225,413
2014 $10,985 $883,994 $662,996 $220,998
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2012

    Noe Saavedra

    Berkshire Hathaway H.S.C.P.

  • M

    Buyer's Agent in 2012

    Megan Valnes

    Create

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1200967

California Regional Multiple Listing Service (CRMLS)

APN: 4240-014-030

California Los Angeles County Venice 90291 Venice

619 6th Ave, Venice, CA

This home is located at 619 6th Ave, Venice, CA 90291 since 20 February 2012 and is currently estimated at $1,977,166, approximately $1,372 per square foot. This property was built in 1923. 619 6th Ave 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.

California Regional Multiple Listing Service (CRMLS) 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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