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245 7th Avenue

245 7th Avenue, Venice, CA 90291
Multifamily in North of Rose
Nearby Listings
The property has no active listings. Please see other similar options below.
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245 7th 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 1930 and is 94 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 245 7th Avenue has 1,326 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,235 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. In terms of heating, it is utilizing floor/wall heating system. 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, 245 7th Avenue was last sold in Oct 20, 2021 for $1,565,000. According to our calculations, that's $1,180.24 per sqft. Prior to that sales transaction, the property was sold for $395,000 in Jun 18, 2002. Current property owners are expected to pay $18,478 in taxes per year. The property on 245 7th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,596,300. To break that down further, the land itself was valued at $1,224,000. While improvements to the property were assessed at a total of $372,300. 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

Exterior

Stucco Exterior

Parking

Garage Parking Detached Garage
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210604
06/04/2021
Studio
-
-
$1,795,000
bedrooms
Studio
bathrooms
-
$1,565,000 -12.81%
11/30/2021
Tyler Kunkle
Pardee Properties
20190804
08/04/2019
4 Bed
2 Bath
1326 ft²
$2,175,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
1326 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,235
  • Total Building Area: 1,326
  • Gross Building Area: 1,326
  • Building Area: 1,326
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,326
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6622
  • Land Acres: 0.097
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT NO 6622 LOT/SEC 271

Ownership

  • Current Owner : HOPKINS DAVID
  • Previous Owner : ONEILL BRIAN
  • Previous Owner 2: ONEILL ELEANOR
  • Owner Before Previous Owner: GIRARD JOSEPH C
  • Owner Before Previous Owner 2: GIRARD JUDITH L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273200

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 49-C3
  • Subdivision Tract Number: 6622
  • Parcel: 4240-001-031
  • Lot: 271
  • Municipality: WEST /VENICE RES INC
  • Latitude: 34.0007
  • Longitude: -118.47

    Address

  • Full Address: 245 7th Ave
  • Address - House Number: 245
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C068
  • 4-Digit Zip Code: 2786
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,478
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 1,585,921
  • High Value: 1,955,587
  • Low Value: 1,216,256

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,173,750
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Loan Amount: $1,173,750
  • 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: $1,596,300
  • Assessed Land Value: $1,224,000
  • Assessed Improvements Value: $372,300

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11870671442
  • Current Sale Price: $1,565,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1766815
  • Previous Sale Recording Date: Jun 21, 2002
  • Previous Sale Contract Date: Jun 18, 2002
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $1,173,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NATIONAL ASSN
  • Previous Mortgage Transaction Date: Jun 21, 2002
  • Previous Mortgage Loan Amount: $316,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jul 01, 2032

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 245 7th Avenue located in?
The 245 7th Avenue is a multifamily located in the neighborhood of North of Rose in West Los Angeles, Venice.
What is the average sales price for listings in 245 7th Avenue?
The average sales price for units in 245 7th Avenue is $1,695,000 currently.

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