NOT LISTED FOR SALE

700 Angelus Place Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,690,000 - $2,517,000

5 Beds
4.5 Baths
2,463 Sq Ft
$853/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $2,170,000 $881 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $13,735/month

31 Days on Market

Highlights

  • Attic
  • High Ceiling
  • Den
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Outdoor Cooking Area
  • Balcony

About This Home

As of June 2022

50% VACANT. Both The 2 Bed/1.5 Bath Owner's Unit & The 1 Bed/ 1 Bath Free-Standing Cottage Will be Delivered Vacant Upon the Close of Escrow| Three Unit Craftsman Home with a Free-Standing Cottage | Each Unit With Patio/Outdoor Space | A-Class Venice Beach Asset Walking Distance from Abbot Kinney Blvd | Just One Mile from World-Famous Venice Boardwalk, Skate Park, and Nearby Venice Canals | Comprised of (1) 2-BR/1.5-BA Unit. (2) 1-BR/1-BA Units, and (1) 1-BR/1-BA Free Standing Cottage | The Main Building has One 2-BR/1.5-BA Unit Upstairs, with a Vaulted LR Plus a Sunroom and Dormer Attic Space | Two 1-BR/1-BA Units on the Ground Floor | One with an Open Design and a Custom-Built Bay Window, the Other with Cozy, Cedar-Lined Walls | The Standalone Cottage in the Back is an Open Design Studio with Vaulted Ceilings, Five Large Skylights, and Unique Building Features Throughout | The Freestanding Two-Car Garage has an Electric Vehicle Charger and a Separate Office | All Units Have Hardwood Floors Throughout, Upgraded Bathrooms and Kitchens | Transform the Main House into a Single-Family Home or Use Some of the Spaces for Live-Work Purposes The Possibilities are Endless

Last Agent to Sell the Property

David Messiah

Lyon Stahl Investment Real Estate, Inc. License #02117893 Listed on: 04/26/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Gianluca Jacoli

Shield CRE, Inc. License #01938297

Last Buyer's Agent

Allen Roth

Sotheby's International Realty License #01272304

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,436

Year Built

  • Built in 1911

Lot Details

  • 4,210 Sq Ft Lot
  • Lot Dimensions are 40x105

Parking

  • 2 Car Garage

Interior Spaces

  • 2,463 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Double Pane Windows
  • Bay Window
  • Garden Windows
  • Den
  • Attic

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Baseboard Heating
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 4237-020-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Outdoor Cooking Area
  • Laundry Facilities

Building Details

  • Vacancy Allowance $4,302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,436

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Garden Home
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2463
  • Lot Acreage: 0.0967
  • Lot Dimensions: 40x105
  • Price Per Unit: 593750.00
  • Stories: 2
  • Year Built: 1911
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Inside
  • Total Bathrooms: 4.50
  • Den: 1
  • Equipment: Dishwasher, Dryer, Refrigerator, Range/Oven, Freezer, Washer, Microwave
  • Price Per S Q F T: 943.97
  • Windows: Bay Window, Garden Window, Skylights, Double Pane Windows

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+), Barbecue Private, Custom Built
  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Tankless, Gas
  • Cooling: Wall/Window, Window Unit(s)
  • Heating: Baseboard
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Water Heaters: Yes

Association/Amenities

  • Amenities: Outdoor Cooking Area

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 334561
  • Assessed Land Percent: 80
  • Assessed Land Value: 1338262
  • Total Assessed Value: 1672823
  • Assessor Parcel Number: 4237-020-015
  • Lot Size Area: 4210

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.21
  • Number Of Units: 4
  • Total Annual Expense: 38207
  • Type Of Units: 2+1/1+1
  • Vacancy Allow: 4302
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 50%

Tax Info

  • Tax Total: 29688.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
May 31, 2022
Sold by
Wolfe George R and Wolfe Theodora L
Bought by
Wesson Karl
Seller's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Allen Roth
Sotheby's International Realty
List Price
$2,325,000
Sold Price
$2,170,000
Premium/Discount to List
-$155,000
-6.67%
Current Estimated Value
$2,101,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,724
Avg. Annual Appreciation
-1.01%

Purchase Details

Closed on
Apr 12, 2006
Sold by
Smith Sheryl Lea
Bought by
Wolfe George R and Mercouffer Theodora L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2004
Sold by
Epstein Jack I and The Jack I Epstein 1990 Trust
Bought by
Smith Sheryl Lea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.7%
Mortgage Type
Seller Take Back
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
Wesson Karl $2,170,000 Old Republic Title
Wolfe George R $1,325,000 Equity Title Company
Smith Sheryl Lea $1,200,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolfe George R $600,000
Previous Owner Wolfe George R $900,000
Previous Owner Smith Sheryl Lea $100,000
Previous Owner Smith Sheryl Lea $900,000
Closed Wesson Karl $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $2,170,000 -6.7% $881 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $2,325,000 -- $944 / 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 $27,436 $2,302,820 $1,910,174 $392,646
2024 $27,436 $2,257,668 $1,872,720 $384,948
2023 $26,902 $2,213,400 $1,836,000 $377,400
2022 $20,239 $1,706,279 $1,365,027 $341,252
2021 $12,994 $1,672,823 $1,338,262 $334,561
2020 $20,198 $1,655,891 $1,324,540 $331,351
2019 $19,307 $1,623,428 $1,298,569 $324,859
2018 $19,228 $1,591,601 $1,273,107 $318,494
2016 $18,389 $1,529,588 $1,223,672 $305,916
2015 $18,117 $1,506,613 $1,205,292 $301,321
2014 $18,189 $1,477,101 $1,181,682 $295,419
Source: Public Records

Agents Affiliated with this Home

  • David Messiah

    Seller's Agent in 2022

    David Messiah

    Lyon Stahl Investment Real Estate, Inc.

    (310) 593-9869

    1 in this area

    16 Total Sales

    David Messiah
    Section Image
  • Gianluca Jacoli

    Seller Co-Listing Agent in 2022

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    1 in this area

    46 Total Sales

    Gianluca Jacoli
    Section Image
  • Allen Roth

    Buyer's Agent in 2022

    Allen Roth

    Sotheby's International Realty

    (310) 387-7087

    2 in this area

    56 Total Sales

    Allen Roth
    Section Image
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Map

Source: The MLS

MLS Number: 22-150113

The MLS

APN: 4237-020-015

California Los Angeles County Venice 90291 Venice

700 Angelus Place, Venice, CA

This home is located at 700 Angelus Place, Venice, CA 90291 since 26 April 2022 and is currently estimated at $2,101,276, approximately $853 per square foot. This property was built in 1911. 700 Angelus Place is a home located in Los Angeles County with nearby schools including Coeur D'Alene Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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