NOT LISTED FOR SALE

658 Westminster Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,117,859 - $2,631,000

6 Beds
4 Baths
2,934 Sq Ft
$832/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $2,029,000 $692 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $15,420/month

32 Days on Market

Highlights

  • Primary Bedroom Suite
  • Wood Flooring
  • Attic
  • Broadway Elementary Rated A-
  • Hydromassage or Jetted Bathtub
  • 2-minute walk to Oakwood Park

About This Home

As of September 2021

Delightful triplex compound on a quiet residential street. The freshly painted two story front building consists of 2 - 2 bed 1 bath apartments with hardwood floors & lots of light. The separate back 2 story house features a bright, airy 2 bed 2 bath upstairs with bamboo floors, large skylight, central heat and air and access to a huge attic space. The sliding doors off the living area open up to a balcony, perfect for morning coffee or evening barbeque. The downstairs has a large laundry room and a separate large bonus/office/storage room with its own entrance and direct access to the 2-car garage (possible ADU?). Numerous fruit trees and flowers enrich the landscape. Enjoy the Venice outdoor lifestyle with three distinct patio areas. The compound is private, gated and includes additional parking. This great live/ work space is blocks to Abbot Kinney, Rose, Whole Foods and the neighborhood's amazing selection of restaurants & shopping including Intelligentsia, Gjelina, Gjusta, Cafe Gratitude, Erewhon, etc. And of course Venice Beach and the Pacific Ocean. Perfect for an owner-user with potential for an investor as well. 2 of the units are vacant and easy to show.

Last Agent to Sell the Property

Janin Paine

Compass License #00926341 Listed on: 06/19/2021

Compass

Last Buyer's Agent

Ime Oduok

Equity Union License #01819628

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,744

Year Built

  • Built in 1945

Lot Details

  • 5,202 Sq Ft Lot
  • Fenced Yard
  • Gated Home
  • Front Yard
  • Property is zoned LARD1.5

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Automatic Gate

Home Design

  • Split Level Home

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Living Room
  • Dining Area
  • Home Office
  • Bonus Room
  • Pull Down Stairs to Attic
  • Intercom

Kitchen

  • Gas Oven
  • Dishwasher

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 4 Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Living Room Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 4239-024-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,744

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 2934
  • Lot Acreage: 0.1194
  • Probate: No
  • Stories: 2
  • Year Built: 1945
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Storage Space, Pull Down Stairs to Attic
  • Number Dishwasher: 1
  • Number Refrigerator: 1
  • Flooring: Linoleum, Hardwood, Tile
  • Appliances: Oven-Gas
  • Bedrooms: 6
  • Bedroom Features: Master Suite
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub, Tub With Jets
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Intercom, Dishwasher, Range/Oven, Gas Dryer Hookup
  • Price Per S Q F T: 758.35

Exterior Features

  • Other Features: Balcony, Sliding Glass Doors
  • Other Structures: None
  • Patio: Living Room Balcony

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Covered Parking, Garage Is Attached, Side By Side
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Wall, Wall Gas
  • Security: Gated
  • Water: District
  • Water Expense: 2400.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2000.00

Lot Info

  • Assessed Improvement Percent: 73.52
  • Assessed Improvement Value: 257744
  • Assessed Land Percent: 26.48
  • Assessed Land Value: 92850
  • Total Assessed Value: 350594
  • Assessor Parcel Number: 4239-024-012
  • Lot Description: Automatic Gate, Fenced Yard, Front Yard, Street Lighting, Yard
  • Lot Location: Alley Access
  • Lot Size Area: 5202

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.74
  • Number Of Units: 3
  • Rent Control: 66
  • Total Annual Expense: 30000
  • Type Of Units: 3
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 24000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Aug 31, 2021
Sold by
Yu Michelle and Summers Ethan
Bought by
658 Westminster Llc
Seller's Agent
Janin Paine
Compass
Buyer's Agent
Ime Oduok
Equity Union
List Price
$2,395,000
Sold Price
$2,029,000
Premium/Discount to List
-$366,000
-15.28%
Current Estimated Value
$2,441,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,215
Avg. Annual Appreciation
4.76%
Original Mortgage
$1,215,000
Outstanding Balance
$1,103,909
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,337,306

Purchase Details

Listed on
Jun 19, 2021
Closed on
Jul 30, 2021
Sold by
John C Little Trust and Little Margaret
Bought by
Yu Michelle and Summers Ethan
Seller's Agent
Janin Paine
Compass
Buyer's Agent
Ime Oduok
Equity Union
List Price
$2,395,000
Sold Price
$2,029,000
Premium/Discount to List
-$366,000
-15.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,215,000
Outstanding Balance
$1,103,909
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,337,306

Purchase Details

Closed on
May 27, 2010
Sold by
Little John C
Bought by
Little John C and John C Little Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2009
Sold by
Little John C
Bought by
Little John C and John C Little Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,100
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2004
Sold by
Little John C
Bought by
Little John C and John C Little Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2004
Sold by
Little John C
Bought by
Little John C and John C Little Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2002
Sold by
Little John C
Bought by
Little John C and The John C Little Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.94%

Purchase Details

Closed on
Feb 28, 2002
Sold by
Little John C and The John C Little Trust
Bought by
Little John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.94%

Purchase Details

Closed on
Aug 6, 1998
Sold by
Little John C
Bought by
Little John C and John C Little Trust
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
658 Westminster Llc -- None Listed On Document
Yu Michelle $2,025,000 New Title Company Name
Little John C -- None Available
Little John C -- None Available
Little John C -- None Available
Little John C -- Transunion Title Ins Co
Little John C -- Gateway Title Company
Little John C -- Gateway Title Company
Little John C -- Gateway Title Company
Little John C -- Gateway Title Company
Little John C -- --
Little John C -- Gateway Title Company
Little John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Michelle $1,215,000
Previous Owner Little John C $224,100
Previous Owner Little John C $233,750
Previous Owner Little John C $195,100
Previous Owner Little John C $149,000
Previous Owner Little John C $149,000
Previous Owner Little John C $150,000
Previous Owner Little John C $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $2,029,000 -8.8% $692 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/02/2021 07/02/21 Price Changed $2,225,000 -7.1% $758 / Sq Ft
06/19/2021 06/19/21 For Sale $2,395,000 -- $816 / 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 $25,744 $2,153,189 $1,697,932 $455,257
2024 $25,744 $2,110,971 $1,664,640 $446,331
2023 $25,245 $2,069,580 $1,632,000 $437,580
2022 $24,022 $2,025,000 $1,519,000 $506,000
2021 $4,476 $354,225 $93,811 $260,414
2020 $4,515 $350,594 $92,850 $257,744
2019 $4,346 $343,721 $91,030 $252,691
2018 $4,281 $336,983 $89,246 $247,737
2016 $4,067 $323,900 $85,782 $238,118
2015 $4,010 $319,036 $84,494 $234,542
2014 $4,042 $312,787 $82,839 $229,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-747638

The MLS

APN: 4239-024-012