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21 Wavecrest Avenue

21 Wavecrest Avenue, Venice, CA 90291
Multifamily in Venice Beach
21 Wavecrest Avenue has been categorized by the local assessors in Venice, CA as a residential type of property. The building on the property was first built in 1924 and is 100 years old. However, we must point out that the home was most recently renovated and altered in 1927. The home has a total of 3 bedrooms. Residents will have access to 20 full bathrooms. There are 20 partial bathrooms in the home. The building has a total of 2 stories. In addition, 21 Wavecrest Avenue has 9,874 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 900 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 6,300 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a flat style roof made of tar and gravel. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $33,813 in taxes each year. 21 Wavecrest Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,811,702. If we break it down further, the land itself was valued at $1,768,371. Improvements to the property, however, were assessed at a total of $1,043,331. The property's total assessed value has been marked as more than the total market value 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!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.

Building Features

Parking

Garage Parking
Tandem Parking
Covered Parking
Open Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210918
09/18/2021
Loft
-
-
$2,700,000
bedrooms
Loft
bathrooms
-
-
-
-
Karim Ghelani
Revel Real Estate

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 20
  • Full Bathrooms: 20
  • Partial Bathrooms: 20
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 22
  • Basement Type: Unspecified basement
  • Basement Area: 1,216
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 700
  • Total Building Area: 9,874
  • Gross Building Area: 9,874
  • Building Area: 9,874
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 9,874
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRY CLUB TR
  • Land Acres: 0.145
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: COUNTRY CLUB TRACT LOTS 11 AND LOT/SEC 13 BLK/DIV/TWN 4

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-B4
  • Parcel: 4226-005-010
  • Block: 4
  • Lot: 11
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9891
  • Longitude: -118.475

    Address

  • Full Address: 21 Westminster Ave
  • Address - House Number: 21
  • Address - Street Name: Westminster
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C002
  • 4-Digit Zip Code: 3690
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,813
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.3325
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 33
  • Final Value: 2,660,823
  • High Value: 3,545,634
  • Low Value: 1,776,011

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,500,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 19, 2017
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $3,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Jul 19, 2047
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Nov 23, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Amount keyed is an Aggregate amount
  • Second Open Lien Mortgage Loan Due Date: Nov 23, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,811,702
  • Assessed Land Value: $1,768,371
  • Assessed Improvements Value: $1,043,331

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 21 Wavecrest Avenue located in?
The 21 Wavecrest 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 21 Wavecrest Avenue?
The average sales price for units in 21 Wavecrest Avenue is $0 currently.

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