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1302 Pacific Avenue

1302 Pacific Avenue, Venice, CA 90291
Multifamily in Windward Circle
Sold May 15, 2020
$1,775,000
$1,260,000 by Premier America Cu
Mortgage Due Jun 01, 2035
Local assessors in Venice, CA have categorized 1302 Pacific Avenue as a residential type of property. The home was built in 1912 and is 112 years old. It was most recently renovated and altered in 1930. The property's lot size has been calculated to be 2,279 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. If we look only at the heated or air conditioned part of the building, then 1302 Pacific Avenue has a total of 2,048 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on air conditioning for their cooling system. The property was last sold in Mar 25, 2020 for $1,775,000. That's $866.70 per sqft. 1302 Pacific Avenue was last assessed in 2023. The total value of the property was assessed at $1,865,840. Specifically, the land the property is located on was valued at $1,576,767. While improvements on the property were assessed at a total of $289,073. 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 $21,673. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,279
  • Total Building Area: 2,048
  • Gross Building Area: 2,048
  • Building Area: 2,048
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,048
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE OF AMERICA
  • Land Acres: 0.052
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: VENICE OF AMERICA LOT/SEC 1 BLK/DIV/TWN 3

Ownership

  • Current Owner : PC20 LLC
  • Previous Owner : TOMEONI THOMAS
  • Previous Owner 2: VANIA TOMEONI REVOCABLE INTER
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273502

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 49-B4
  • Parcel: 4238-011-001
  • Block: 3
  • Lot: 1
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9895
  • Longitude: -118.473

    Address

  • Full Address: 1302 Pacific Ave
  • Address - House Number: 1302
  • Address - Street Name: Pacific
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C002
  • 4-Digit Zip Code: 3655
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,673
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 2,072,005
  • High Value: 2,555,502
  • Low Value: 1,588,508

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,260,000
  • First Open Lien Mortgage Lender: PREMIER AMERICA CU
  • First Open Lien Mortgage Recording Date: May 15, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,260,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,865,840
  • Assessed Land Value: $1,576,767
  • Assessed Improvements Value: $289,073

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Transaction ID: 11760906380
  • Current Sale Price: $1,775,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-0536031

    Last Sale Mortgage

  • First Mortgage Lender: PREMIER AMERICA CU
  • First Mortgage Transaction Date: May 15, 2020
  • First Mortgage Loan Amount: $1,260,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1302 Pacific Avenue located in?
The 1302 Pacific Avenue is a multifamily located in the neighborhood of Windward Circle in West Los Angeles, Venice.
What is the average sales price for listings in 1302 Pacific Avenue?
The average sales price for units in 1302 Pacific Avenue is $0 currently.

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