NOT LISTED FOR SALE

879 Commonwealth Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,850,000 - $3,122,000

2 Beds
1 Bath
948 Sq Ft
$2,898/Sq Ft Est. Value

Last Sold November 02, 2017

Last sale price $1,140,000 $1,203 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $16,745/month

67 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Venice High School Rated A
  • Level Lot
  • 1-Story Property

About This Home

As of November 2017

This is one of LA County's most sought after areas. Venice is now referred to as "Silicon Beach" Home is being sold as a tear down & located on the same block as a home said to of been designed by Frank Gehry world renowned architect & being built for John Baldessari world famous artist.
Don't miss this opportunity properties in this area rarely hit the market!!!

Last Agent to Sell the Property

Shellye Milazzo-Wilson

Century 21 Masters License #01105206 Listed on: 07/13/2017

Century 21 Masters

Last Buyer's Agent

Sam Jonas

BEVERLY & COMPANY, INC. License #01719750

BEVERLY & COMPANY, INC.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • 4,144 Sq Ft Lot
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR1

Parking

  • 2 Car Garage

Interior Spaces

  • 948 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 5109
  • Assessor Parcel Number 4243011023

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4243011023
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 948.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1202.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Level
  • Lot Size Sq Ft: 4144.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2731.00
  • Tax Lot: 73
  • Tax Tract Number: 5109

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2019
Sold by
Four Right Investment Partners Llc
Bought by
Escalon Drive Partners Llc
Current Estimated Value
$2,747,705

Purchase Details

Listed on
Jul 13, 2017
Closed on
Sep 21, 2017
Sold by
Schnase Alvin Alfred
Bought by
Four Right Investment Partners Llc
Seller's Agent
Shellye Milazzo-Wilson
Century 21 Masters
Buyer's Agent
Sam Jonas
BEVERLY & COMPANY, INC.
List Price
$1,350,000
Sold Price
$1,140,000
Premium/Discount to List
-$210,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Escalon Drive Partners Llc -- None Available
Four Right Investment Partners Llc $1,140,000 Stewart Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2017 11/02/17 Sold $1,140,000 -15.6% $1,203 / Sq Ft
09/18/2017 09/18/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $1,350,000 0.0% $1,424 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $1,350,000 -- $1,424 / 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 $28,695 $2,389,999 $1,498,293 $891,706
2024 $28,368 $2,343,137 $1,468,915 $874,222
2023 $32,206 $2,663,424 $1,768,680 $894,744
2022 $30,693 $2,611,200 $1,734,000 $877,200
2021 $25,079 $1,384,193 $1,384,193 $0
2020 $14,332 $1,186,056 $1,186,056 $0
2019 $13,852 $1,162,800 $930,240 $232,560
2018 $13,798 $1,140,000 $912,000 $228,000
2016 $827 $63,939 $40,982 $22,957
2015 $816 $62,980 $40,367 $22,613
2014 $828 $61,748 $39,577 $22,171
Source: Public Records

Agents Affiliated with this Home

  • S

    Buyer's Agent in 2017

    Sam Jonas

    BEVERLY & COMPANY, INC.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17161678

California Regional Multiple Listing Service (CRMLS)

APN: 4243-011-023

California Los Angeles County Venice 90291 Venice

879 Commonwealth Ave, Venice, CA

Not Listed for Sale

Detached

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