NOT LISTED FOR SALE

923 Milwood Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,817,000 - $2,007,000

2 Beds
1 Bath
880 Sq Ft
$2,172/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $1,950,000 $2,216 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $12,606/month

4 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • 1-Story Property
  • Broadway Elementary Rated A-

About This Home

As of December 2024

Presenting an exceptional development opportunity in the highly sought-after Milwood neighborhood of Venice, CA. This property offers RTI (Ready-to-Issue) approval for a meticulously designed new construction single-family residence, featuring a spacious 2-story layout encompassing approx. 3,113 square feet of luxurious living space. The approved plans include 4 bedrooms and 3 bathrooms, an attached approx. 394-square-foot 2 car garage for convenient parking and storage, and an approx. 825-square-foot roof deck that provides an ideal setting for outdoor entertainment and relaxation with scenic views. Currently, the site hosts a charming 1920 Craftsman home with a generous back deck and large fenced yard that is perfect for hosting gatherings. This property offers the flexibility to either remodel and enhance the existing Craftsman or move forward with the RTI-approved plans for a contemporary residence. With the added benefit of Coastal Commission assessment approval, the project is fully permitted and ready for immediate construction. Situated just a short stroll from the vibrant Abbot Kinney Blvd, this location places you within reach of premier dining, shopping, and entertainment. This property presents a rare opportunity to build or reimagine a custom home in a highly desirable area, blending Venice's historic charm with modern luxury.

Last Agent to Sell the Property

Fred Dapp

The Agency License #02048450 Listed on: 11/14/2024

The Agency

Last Buyer's Agent

Ron Maman

Rodeo Realty License #01344010

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,575

Year Built

  • Built in 1920

Lot Details

  • 4,250 Sq Ft Lot
  • Lot Dimensions are 34x125
  • Property is zoned LAR2

Home Design

  • Split Level Home

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • Spa

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-008-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,575

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Levels: Multi/Split, One
  • Street Number Display: Yes
  • Lot Acreage: 0.0976
  • Lot Dimensions: 34x125
  • Stories: 1
  • Year Built: 1920
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0

Exterior Features

  • Other Structures: None
  • Pool: Yes
  • Spa Yn: Yes
  • View: No

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-008-024
  • Lot Size Area: 4250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Jan 10, 2025
Sold by
Abourmad Adi
Bought by
Milwood Investment Llc
Seller's Agent
Fred Dapp
The Agency
Buyer's Agent
Ron Maman
Rodeo Realty
List Price
$1,950,000
Sold Price
$1,950,000
Views
7
Current Estimated Value
$1,911,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,245
Avg. Annual Appreciation
-3.25%
Original Mortgage
$1,462,500
Outstanding Balance
$1,455,307
Interest Rate
7.87%
Mortgage Type
New Conventional
Estimated Equity
$456,448

Purchase Details

Listed on
Nov 14, 2024
Closed on
Jan 1, 2025
Sold by
Abourmad Adi and Mazooz Shahar
Bought by
Abourmad Adi
Seller's Agent
Fred Dapp
The Agency
Buyer's Agent
Ron Maman
Rodeo Realty
List Price
$1,950,000
Sold Price
$1,950,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Outstanding Balance
$1,455,307
Interest Rate
7.87%
Mortgage Type
New Conventional
Estimated Equity
$456,448

Purchase Details

Listed on
Nov 14, 2024
Closed on
Dec 19, 2024
Sold by
923 Milwood Llc
Bought by
Abourmad Adi and Mazooz Shahar
Seller's Agent
Fred Dapp
The Agency
Buyer's Agent
Ron Maman
Rodeo Realty
List Price
$1,950,000
Sold Price
$1,950,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,462,500
Outstanding Balance
$1,455,307
Interest Rate
7.87%
Mortgage Type
New Conventional
Estimated Equity
$456,448

Purchase Details

Listed on
Mar 29, 2024
Closed on
Aug 13, 2024
Sold by
Sunflower Equity Llc
Bought by
923 Milwood Llc
Seller's Agent
Phil Boroda
Coldwell Banker Realty
Buyer's Agent
Ryan Manavi
Coldwell Banker Realty
List Price
$750,000
Sold Price
$1,550,000
Premium/Discount to List
$800,000
106.67%
Views
383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
96.45%
Original Mortgage
$2,625,000
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 26, 2024
Sold by
Best Alliance Foreclosure & Lien
Bought by
923 Milwood Llc

Purchase Details

Closed on
Jan 18, 2018
Sold by
Good Apple Llc
Bought by
923 Milwood Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,196,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2017
Sold by
Balmforth Susan K
Bought by
Good Apple Llc

Purchase Details

Closed on
Jan 2, 2003
Sold by
Langerud C Louise
Bought by
Balmforth Susan K and The Susan K Balmforth Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
5.62%

Purchase Details

Closed on
Oct 11, 1993
Sold by
Langerud C Louise
Bought by
Langerud C Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.81%
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
Milwood Investment Llc -- None Listed On Document
Abourmad Adi -- None Listed On Document
Abourmad Adi $1,950,000 Chicago Title Company
Abourmad Adi $1,950,000 Chicago Title Company
923 Milwood Llc $1,550,000 Fidelity National Title
923 Milwood Llc $368,005 Lawyers Title Company
923 Milwood Llc $1,825,000 Chicago Title Company
Good Apple Llc $1,750,000 Chicago Title
Balmforth Susan K $479,000 Southland Title
Langerud C Louise -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abourmad Adi $1,462,500
Closed Abourmad Adi $1,462,500
Previous Owner 923 Milwood Llc $2,625,000
Previous Owner 923 Milwood Llc $300,000
Previous Owner 923 Milwood Llc $1,196,000
Previous Owner 923 Milwood Llc $1,196,000
Previous Owner Balmforth Susan K $550,000
Previous Owner Balmforth Susan K $620,000
Previous Owner Balmforth Susan K $610,000
Previous Owner Balmforth Susan K $150,000
Previous Owner Balmforth Susan K $383,200
Previous Owner Langerud C Louise $17,000
Previous Owner Langerud C Louise $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,950,000 0.0% $2,216 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $1,950,000 +25.8% $2,216 / Sq Ft
08/20/2024 08/20/24 Sold $1,550,000 -5.5% $1,761 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
05/11/2024 05/11/24 Price Changed $1,640,000 -1.8% $1,864 / Sq Ft
04/11/2024 04/11/24 Price Changed $1,670,000 -4.6% $1,898 / Sq Ft
03/29/2024 03/29/24 Price Changed $1,750,000 +133.3% $1,989 / Sq Ft
03/29/2024 03/29/24 For Sale $750,000 -- $852 / 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 $24,575 $1,950,000 $1,895,700 $54,300
2024 $24,575 $2,035,819 $1,628,656 $407,163
2023 $24,094 $1,995,902 $1,596,722 $399,180
2022 $22,961 $1,956,767 $1,565,414 $391,353
2021 $22,690 $1,918,400 $1,534,720 $383,680
2019 $22,003 $1,861,500 $1,489,200 $372,300
2018 $21,048 $1,750,000 $1,400,000 $350,000
2016 $7,089 $586,029 $468,828 $117,201
2015 $6,985 $577,227 $461,786 $115,441
2014 $7,013 $565,921 $452,741 $113,180
Source: Public Records

Agents Affiliated with this Home

  • Fred Dapp

    Seller's Agent in 2024

    Fred Dapp

    The Agency

    (203) 615-3303

    3 in this area

    32 Total Sales

    Section Image

  • P

    Seller's Agent in 2024

    Phil Boroda

    Coldwell Banker Realty

    (310) 968-3844

    7 in this area

    175 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2024

    Ryan Manavi

    Coldwell Banker Realty

    (818) 995-2424

    4 in this area

    23 Total Sales

    Section Image
  • Ron Maman

    Buyer's Agent in 2024

    Ron Maman

    Rodeo Realty

    (818) 469-7021

    2 in this area

    32 Total Sales

    Section Image

  • S

    Buyer Co-Listing Agent in 2024

    Stephanie Bass

    No Firm Affiliation

See All Agents

Map

Source: The MLS

MLS Number: 24-463963

The MLS

APN: 4241-008-024

California Los Angeles County Venice 90291 Venice

923 Milwood Ave, Venice, CA

This home is located at 923 Milwood Ave, Venice, CA 90291 since 14 November 2024 and is currently estimated at $1,911,755, approximately $2,172 per square foot. This property was built in 1920. 923 Milwood Ave is a home located in Los Angeles County with nearby schools including Broadway Elementary, Westminster Avenue Elementary School, and Mark Twain Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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