NOT LISTED FOR SALE

629 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,360,103 - $2,549,000

3 Beds
3 Baths
1,718 Sq Ft
$1,433/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $2,200,000 $1,281 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,405/month

154 Days on Market

Highlights

  • Spanish Architecture
  • Air Conditioning
  • 3-minute walk to Oakwood Park
  • Broadway Elementary Rated A-

About This Home

As of March 2021

Cute venice triplex that can delivered vacant or occupied. Lovingly restored by two Venice locals with attention to historic detail. Walking distance to Abbot Kinney and oozing with old Venice charm, this is the perfect property for an owner occupier with a minimalist lifestyle who wants extra income from the back units to help with the mortgage. Great yard with outdoor shower with small garage that could be converted to additional office/playroom space for families. In a neighborhood that is tearing down all it's history, Westminster is one of the last blocks that still maintains the cute beach vibe without too many lot maximizing build outs. In saying that, it can be delivered vacant if a developer wants to tear down with great income while you're developing the plans. RENTS LISTED ARE ACTUAL. Studio and 2 bedroom are being rented month to month, and furnished. Two parking spots off back alley, tandem parking for 2/3 cars in front. 1 bedroom is currently vacant -easy to show

Last Agent to Sell the Property

Fahim Shah

Fahim Shah Realty License #00763453 Listed on: 08/06/2020

Last Buyer's Agent

Lindsey Brodsky

Pardee Properties License #01948812

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,252

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 5,210

Parking

  • 1 Car Garage

Home Design

  • 1,718 Sq Ft Home
  • Spanish Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,210 Sq Ft Lot
  • Air Conditioning

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4239-019-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,252

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1718
  • Property Condition: Updated/Remodeled
  • Year Built: 1922
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 1163.56

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 1
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 115000
  • Assessed Land Value: 1500000
  • Assessor Parcel Number: 4239-019-032
  • Lot Size Area: 5210

Rental Info

  • Total Actual Rent: 110400.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 00
  • Type Of Units: 3
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2024
Sold by
Olivier Pierre and De Metz-Olivier Laure
Bought by
Olivier Trust and Olivier
Current Estimated Value
$2,461,526

Purchase Details

Listed on
Aug 6, 2020
Closed on
Mar 19, 2021
Sold by
Simone Shah Trust
Bought by
Olivier Pierre and Demetz-Olivier Laure M
Seller's Agent
Fahim Shah
Fahim Shah Realty
Buyer's Agent
Lindsey Brodsky
Pardee Properties
List Price
$1,999,000
Sold Price
$2,200,000
Premium/Discount to List
$201,000
10.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Original Mortgage
$1,650,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2020
Closed on
Feb 24, 2021
Sold by
Rivkin Alexander and Lam Man
Bought by
Olivier Pierre and De Metz Olivier
Seller's Agent
Fahim Shah
Fahim Shah Realty
Buyer's Agent
Lindsey Brodsky
Pardee Properties
List Price
$1,999,000
Sold Price
$2,200,000
Premium/Discount to List
$201,000
10.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2017
Sold by
Shah Simone S
Bought by
Shah Simone S and The Simone Shah Trust

Purchase Details

Listed on
Mar 25, 2016
Closed on
Jun 24, 2016
Sold by
Payne Warren B
Bought by
Shah Simone and Bunch Kate
Seller's Agent
Erik Sjolund
Keller Williams Beverly Hills
List Price
$1,699,000
Sold Price
$1,615,000
Premium/Discount to List
-$84,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$1,400,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2003
Sold by
Payne Betty Johnson
Bought by
Payne Warren B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 1995
Sold by
Williams Rosa
Bought by
Payne Warren E
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
Olivier Trust -- None Listed On Document
Olivier Pierre -- None Listed On Document
Olivier Pierre $2,200,000 Commonwealth Land Title
Olivier Pierre $2,200,000 Commonwealth Land Ttl Ins Co
Shah Simone S -- None Available
Shah Simone $1,615,000 Progressive Title Company
Payne Warren B -- Gateway Title Company
Payne Warren E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivier Pierre $1,650,000
Previous Owner Olivier Pierre $1,650,000
Previous Owner Shah Simone $1,400,000
Previous Owner Payne Warren B $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $2,200,000 +10.1% $1,281 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
08/06/2020 08/06/20 For Sale $1,999,000 +23.8% $1,164 / Sq Ft
07/14/2016 07/14/16 Sold $1,615,000 -4.9% $940 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
10/02/2015 10/02/15 For Sale $1,699,000 -- $989 / 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 $28,252 $2,381,349 $2,056,620 $324,729
2024 $28,252 $2,334,657 $2,016,295 $318,362
2023 $27,700 $2,288,880 $1,976,760 $312,120
2022 $26,402 $2,244,000 $1,938,000 $306,000
2021 $20,664 $1,731,605 $1,608,303 $123,302
2020 $20,880 $1,713,850 $1,591,812 $122,038
2019 $20,043 $1,680,246 $1,560,600 $119,646
2018 $19,967 $1,647,300 $1,530,000 $117,300
2016 $3,430 $267,746 $108,879 $158,867
2015 $3,382 $263,725 $107,244 $156,481
2014 $3,415 $258,560 $105,144 $153,416
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-614620

The MLS

APN: 4239-019-032