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1475 Venice Boulevard

1475 Venice Boulevard, Los Angeles, CA 90006
Property in Pico Union
Sold May 17, 2017
$1,745,000
$1,340,000 by Luther Burbank Savings
Mortgage
1475 Venice Boulevard in Los Angeles, CA was first built in 1954 and is 70 years old. This has been categorized as a residential property type. 1475 Venice Boulevard has 6,766 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 8,522 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 C. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1475 Venice Boulevard sold most recently in Apr 27, 2017 for a total of $1,745,000. If you work out the math, that's approximately a cost of $257.91 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $23,846 in taxes each year. 1475 Venice Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,946,577. If we break it down further, the land itself was valued at $1,450,173. Improvements to the property, however, were assessed at a total of $496,404. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 10
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,522
  • Total Building Area: 6,766
  • Gross Building Area: 6,766
  • Building Area: 6,766
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 6,766
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOOMIS TRACT
  • Land Acres: 0.196
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: LOOMIS TRACT LOT 20 AND EX OF ST LOT/SEC 21 BLK/DIV/TWN A

Ownership

  • Current Owner : KANG SUSAN S
  • Previous Owner : LITWIN LARRY
  • Previous Owner 2: LITWIN MINDY MIRIAM
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 221110

Zoning

  • Zoning: LACM

Geography

  • Assessors Map Reference: 44-A4
  • Parcel: 5056-007-022
  • Block: A
  • Lot: 20
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.0444
  • Longitude: -118.286

    Address

  • Full Address: 1475 Venice Blvd
  • Address - House Number: 1475
  • Address - Street Name: Venice
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C042
  • 4-Digit Zip Code: 4847
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,846
  • Tax Rate Code Area: 00-210

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 1,883,631
  • High Value: 2,299,994
  • Low Value: 1,467,267

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,340,000
  • First Open Lien Mortgage Lender: LUTHER BURBANK SAVINGS
  • First Open Lien Mortgage Recording Date: Jun 07, 2022
  • First Open Lien Mortgage Loan Amount: $1,340,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,946,577
  • Assessed Land Value: $1,450,173
  • Assessed Improvements Value: $496,404

    Sales

  • Current Sale Contract Date: Apr 27, 2017
  • Current Sale Recording Date: May 17, 2017
  • Current Sale Transaction ID: 1812137872
  • Current Sale Price: $1,745,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17-0549151

    Last Sale Mortgage

  • First Mortgage Lender: PROVIDENT SAVINGS BANK
  • First Mortgage Transaction Date: May 17, 2017
  • First Mortgage Loan Amount: $890,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jun 01, 2047

About Central LA



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Frequently Asked Questions

What neighborhood is 1475 Venice Boulevard located in?
The 1475 Venice Boulevard is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 1475 Venice Boulevard?
The average sales price for units in 1475 Venice Boulevard is $0 currently.

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