NOT LISTED FOR SALE

621 Crestmoore Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,871,000 - $2,465,000

3 Beds
2.5 Baths
1,670 Sq Ft
$1,265/Sq Ft Est. Value

Last Sold February 07, 2022

Last sale price $1,867,000 $1,118 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,125/month

58 Days on Market

Highlights

  • Spanish Architecture
  • Bonus Room
  • 2 Car Detached Garage
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Fenced Yard
  • Skylights

About This Home

As of February 2022

Welcome to Venice Beach where this newly remodeled duplex home offers options for owners/users or investors alike. Located on a quiet street in a coveted Venice neighborhood where you're just steps away from famed Abbot Kinney Boulevard, minutes to some of LA's best dining and shopping and a short bike ride to the beach. Both renovated units each come with all new kitchen appliances, washer & dryer, private entrance & yard, private 1 car garage + 1 additional driveway parking space. Alongside the front unit is a spacious backyard great for entertaining, plus a 270 sf bonus room with a 1/2 bath - a perfect work from home space or convert to an ADU for additional income. Both units are ready for you to move in or find your own perfect tenants at market rent.

Last Agent to Sell the Property

Tracy Lopez

Modern Living Realty License #01863730 Listed on: 10/21/2021

Last Buyer's Agent

Alice Cannington

The Agency License #01957601

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,516

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 4,200 Sq Ft Lot
  • Lot Dimensions are 40x105
  • South Facing Home
  • Fenced Yard

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 1,670 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Bonus Room

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window
  • Multi-Tank Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4237-012-010
  • $6,500 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,516

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 1670
  • Lot Acreage: 0.0964
  • Lot Dimensions: 40x105
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1921
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Vinyl, Laminate
  • Appliances: Oven-Gas, Microwave
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Remodeled
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 2.50
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Microwave, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 1159.88
  • Windows: Skylights

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Parking Garage: Private Garage, Driveway, Detached
  • Total Parking: 2

Utilities

  • Water Heater: Gas, Multi-Tank
  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Security: Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 11.11
  • Assessed Improvement Value: 117744
  • Assessed Land Percent: 88.89
  • Assessed Land Value: 941995
  • Total Assessed Value: 1059739
  • Assessor Parcel Number: 4237-012-010
  • Lot Description: Fenced Yard
  • Lot Size Area: 4200

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Rent Control: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: Vacant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Jan 4, 2022
Sold by
Lopez Family Living Trust
Bought by
Gates Matthew and Wills Jeffery
Seller's Agent
Tracy Lopez
Modern Living Realty
Buyer's Agent
Alice Cannington
The Agency
List Price
$1,987,000
Sold Price
$1,867,000
Premium/Discount to List
-$120,000
-6.04%
Current Estimated Value
$2,112,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,073
Avg. Annual Appreciation
3.38%
Original Mortgage
$1,400,250
Outstanding Balance
$1,334,741
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$777,332

Purchase Details

Closed on
Dec 9, 2015
Sold by
Lopez Tracy Anne
Bought by
The Lopez Family Living Trust

Purchase Details

Closed on
Jul 13, 2005
Sold by
Mcafee Jane and Mcafee Carolyn Jane
Bought by
Durose Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$919,200
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2004
Sold by
Leabovize Moshe
Bought by
Mcafee Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2003
Sold by
Leabovize Nicolette
Bought by
Leabovize Moshe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.5%

Purchase Details

Closed on
Jan 13, 2003
Sold by
Miller Donald R and Estate Of Mary Jordan
Bought by
Leabovize Moshe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.5%
Source: Public Records

Range of Values:

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Average Value
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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
Gates Matthew $1,867,000 First American Title Company O
The Lopez Family Living Trust -- None Available
Durose Tracy $1,149,000 Equity Title Company
Mcafee Jane $780,000 Diversified Title Company
Leabovize Moshe -- Fidelity National Title
Leabovize Moshe $520,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gates Matthew $1,400,250
Previous Owner Durose Tracy $919,200
Previous Owner Mcafee Jane $624,000
Previous Owner Leabovize Moshe $416,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2022 02/07/22 Sold $1,867,000 -3.6% $1,118 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
11/18/2021 11/18/21 Price Changed $1,937,000 -2.5% $1,160 / Sq Ft
10/21/2021 10/21/21 For Sale $1,987,000 -- $1,190 / 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 $23,516 $1,981,273 $1,697,932 $283,341
2024 $23,516 $1,942,426 $1,664,640 $277,786
2023 $23,057 $1,904,340 $1,632,000 $272,340
2022 $12,945 $1,092,131 $970,789 $121,342
2021 $12,787 $1,070,717 $951,754 $118,963
2019 $12,403 $1,038,961 $923,525 $115,436
2018 $12,324 $1,018,590 $905,417 $113,173
2016 $11,793 $979,038 $870,259 $108,779
2015 $11,646 $966,625 $859,224 $107,401
2014 $11,690 $947,691 $842,393 $105,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-797346

The MLS

APN: 4237-012-010