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2011 Ocean Front Walk

2011 Ocean Front Walk, Venice, CA 90291
Multifamily in Venice Beach
Local assessors in Venice, CA have categorized 2011 Ocean Front Walk as a commercial type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 1960. The property's lot size has been calculated to be 2,520 square feet. 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 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2011 Ocean Front Walk has a total of 2,248 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. 2011 Ocean Front Walk is a 4 code building. This code stands for "buildings that have wood or wood and steel frames.". 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 central air conditioning for their cooling system. The property was last sold in Oct 28, 2019 for $3,875,000. That's $1,723.75 per sqft. Prior to that sales transaction, the property was also sold in Mar 2, 2018 for $521,000. 2011 Ocean Front Walk was last assessed in 2023. The total value of the property was assessed at $4,073,315. Specifically, the land the property is located on was valued at $3,153,535. While improvements on the property were assessed at a total of $919,780. 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 $46,993. The initial tax year of delinquency was in 2020. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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

Covered Parking
Guest Parking
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,520
  • Total Building Area: 2,248
  • Gross Building Area: 2,248
  • Building Area: 2,248
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: SHORT LINE BEACH SUB #1
  • Land Acres: 0.058
  • Standard Land Use Code: Retail/residential (mixed use)
  • Legal Description 1: SHORT LINE BEACH SUB # 1 LOT/SEC 4 BLK/DIV/TWN 4

Ownership

  • Current Owner : DREAM ONE LLC
  • Previous Owner : 2011 OCEAN PARK LLC
  • Owner Before Previous Owner: MONKARSH DAVID HOWARD
  • 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-C4
  • Parcel: 4226-013-004
  • Block: 4
  • Lot: 4
  • Municipality: WEST /VENICE
  • Latitude: 33.9846
  • Longitude: -118.471

    Address

  • Full Address: 2011 Ocean Front Walk
  • Address - House Number: 2011
  • Address - Street Name: Ocean Front
  • Address - Suffix Type: Walk
  • State: CA
  • City Name: Venice
  • Carrier Code: C038
  • 4-Digit Zip Code: 4118
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $46,993
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-067

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $8,443,000
  • First Open Lien Mortgage Lender: PACIFIC ALLIANCE BANK
  • First Open Lien Mortgage Recording Date: Dec 17, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $3,600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: SBA Participation Trust Deed
  • Second Open Lien Mortgage Lender: EVERTRUST BANK
  • Second Open Lien Mortgage Recording Date: Jul 24, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $1,880,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Lender: EVERTRUST BANK
  • Third Open Lien Mortgage Recording Date: Jul 24, 2023
  • Third Open Lien Mortgage Loan Amount: $1,464,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Fourth Open Lien Mortgage Lender: BUSINESS FINANCE CAPITAL
  • Fourth Open Lien Mortgage Recording Date: Jul 24, 2023
  • Fourth Open Lien Mortgage Loan Amount: $1,499,000
  • Fourth Open Lien Mortgage Term: 360
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,073,315
  • Assessed Land Value: $3,153,535
  • Assessed Improvements Value: $919,780

    Sales

  • Current Sale Contract Date: Oct 28, 2019
  • Current Sale Recording Date: Dec 17, 2019
  • Current Sale Transaction ID: 11710615707
  • Current Sale Price: $3,875,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1407098
  • Previous Sale Recording Date: Mar 12, 2018
  • Previous Sale Contract Date: Mar 02, 2018
  • Previous Sale Amount: $521,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC ALLIANCE BANK
  • First Mortgage Transaction Date: Dec 17, 2019
  • First Mortgage Loan Amount: $3,600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: SBA Participation Trust Deed

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC MORTGAGE FUND LLC
  • Previous Mortgage Transaction Date: Mar 12, 2018
  • Previous Mortgage Loan Amount: $2,300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 2011 Ocean Front Walk located in?
The 2011 Ocean Front Walk is a multifamily located in the neighborhood of Venice Beach in West Los Angeles, Venice.
What is the average sales price for listings in 2011 Ocean Front Walk?
The average sales price for units in 2011 Ocean Front Walk is $0 currently.

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