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1615 Crescent Place

1615 Crescent Place, Venice, CA 90291
Multifamily in Milwood
Sold Dec 02, 2021
$2,800,000
$2,000,000 by First Republic Bank
Mortgage Due Dec 01, 2051
Local assessors in Venice, CA have categorized 1615 Crescent Place as a residential type of property. The home was built in 1912 and is 112 years old. The property's lot size has been calculated to be 4,643 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1615 Crescent Place has a total of 2,074 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 - C. The home's floor/wall heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1615 Crescent Place was last sold in Nov 17, 2021 for $2,800,000. According to our calculations, that's $1,350.05 per sqft. Current property owners are expected to pay $21,264 in taxes per year. The property on 1615 Crescent Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,836,000. To break that down further, the land itself was valued at $1,428,000. While improvements to the property were assessed at a total of $408,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Covered Parking
Detached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,643
  • Lot Size Depth Feet: 1,000
  • Total Building Area: 2,074
  • Building Area: 2,074
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 2,074
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE ANNEX
  • Land Acres: 0.107
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: VENICE ANNEX LOT/SEC 5 BLK/DIV/TWN 2

Ownership

  • Current Owner : 2513 LINCOLN LLC
  • Previous Owner : IWERK BETTY E
  • Previous Owner 2: THE BETTY IWERKS 2012 TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273600

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4241-013-005
  • Block: 2
  • Lot: 5
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9909
  • Longitude: -118.463

    Address

  • Full Address: 1615 Crescent Pl
  • Address - House Number: 1615
  • Address - Street Name: Crescent
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Venice
  • Carrier Code: C007
  • 4-Digit Zip Code: 3820
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,264
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2307
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 2,840,614
  • High Value: 3,496,190
  • Low Value: 2,185,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Dec 02, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,836,000
  • Assessed Land Value: $1,428,000
  • Assessed Improvements Value: $408,000

    Sales

  • Current Sale Contract Date: Nov 17, 2021
  • Current Sale Recording Date: Dec 02, 2021
  • Current Sale Transaction ID: 11871613125
  • Current Sale Price: $2,800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1786013

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Dec 02, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 1615 Crescent Place located in?
The 1615 Crescent Place is a multifamily located in the neighborhood of Milwood in West Los Angeles, Venice.
What is the average sales price for listings in 1615 Crescent Place?
The average sales price for units in 1615 Crescent Place is $0 currently.

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