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125 Brooks Avenue

125 Brooks Avenue, Venice, CA 90291
Multifamily in Venice Beach
Sold Jul 31, 2015
$1,740,000
$1,260,000 by Flagstar Bank Fsb
Mortgage Due May 01, 2050
Sold Jan 19, 2011
$737,000
$718,317 by Academy Mortgage Corp
Mortgage Due Feb 01, 2041
125 Brooks Avenue in Venice, CA was first built in 1971 and is 53 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 125 Brooks Avenue has 2,173 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,243 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The property was last sold in Jul 8, 2015 for $1,740,000. That's $800.74 per sqft. Prior to that sales transaction, the property was also sold in Nov 29, 2010 for $737,000. 125 Brooks Avenue was last assessed in 2023. The total value of the property was assessed at $1,979,818. Specifically, the land the property is located on was valued at $1,752,255. While improvements on the property were assessed at a total of $227,563. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $22,900. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Carport
Tandem Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,243
  • Total Building Area: 2,173
  • Gross Building Area: 2,173
  • Building Area: 2,173
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,173
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN PARK PLACE
  • Land Acres: 0.052
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OCEAN PARK PLACE LOT/SEC 74

Ownership

  • Current Owner : KNOX BRADLEY
  • Current Owner 2: LITAIZE ANNE
  • Previous Owner : LOUGHLIN PATRICK O
  • Owner Before Previous Owner: STRUEMPF CARL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273403

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-B4
  • Parcel: 4286-014-043
  • Lot: 74
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9921
  • Longitude: -118.475

    Address

  • Full Address: 125 Brooks Ave
  • Address - House Number: 125
  • Address - Street Name: Brooks
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C005
  • 4-Digit Zip Code: 3254
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,900
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,534,951
  • High Value: 3,115,914
  • Low Value: 1,953,987

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,260,000
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Apr 21, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,260,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,979,818
  • Assessed Land Value: $1,752,255
  • Assessed Improvements Value: $227,563

    Sales

  • Current Sale Contract Date: Jul 08, 2015
  • Current Sale Recording Date: Jul 31, 2015
  • Current Sale Transaction ID: 1229558924
  • Current Sale Price: $1,740,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15-0933397
  • Previous Sale Recording Date: Jan 19, 2011
  • Previous Sale Contract Date: Nov 29, 2010
  • Previous Sale Amount: $737,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUTHER BURBANK SAVINGS
  • First Mortgage Transaction Date: Jul 31, 2015
  • First Mortgage Loan Amount: $1,392,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jan 19, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $718,317
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2041

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 125 Brooks Avenue located in?
The 125 Brooks Avenue is a multifamily located in the neighborhood of Venice Beach in West Los Angeles, Venice.
What is the average sales price for listings in 125 Brooks Avenue?
The average sales price for units in 125 Brooks Avenue is $0 currently.

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