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40 Clubhouse Avenue

40 Clubhouse Avenue, Venice, CA 90291
Multifamily in Venice Beach
Sold Apr 13, 2017
$3,000,000
$2,225,000 by First Foundation Bank
Mortgage
40 Clubhouse Avenue in Venice, CA was first built in 1918 and is 106 years old. Although, the building on the property was most recently renovated and altered in 1930. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 40 Clubhouse Avenue has 5,928 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 6,401 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 B. 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, 40 Clubhouse Avenue sold most recently in Mar 23, 2017 for a total of $3,000,000. If you work out the math, that's approximately a cost of $506.07 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 $39,400 in taxes each year. The initial year of tax delinquency occurred in 2018. 40 Clubhouse Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,346,552. If we break it down further, the land itself was valued at $2,677,243. Improvements to the property, however, were assessed at a total of $669,309. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,401
  • Total Building Area: 5,928
  • Gross Building Area: 5,928
  • Building Area: 5,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRY CLUB TRACT
  • Land Acres: 0.147
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: COUNTRY CLUB TRACT LOT COM N 51 12' E 34.16 FT FROM MOST W COR OF LOT 18 BLK 4TH N 51 12' E 70.92 FT TH SE TO A PT IN SE LINE OF LOT 24 SD BLK S 51 12' W SEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 22 BLK 4

Ownership

  • Current Owner : PLACE HOLDER DP LLC
  • Previous Owner : BECKMAN ROGER
  • 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: 4226-005-018
  • Block: 4
  • Lot: 18
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9896
  • Longitude: -118.474

    Address

  • Full Address: 40 Clubhouse Ave
  • Address - House Number: 40
  • Address - Street Name: Clubhouse
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C002
  • 4-Digit Zip Code: 3202
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,400
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 3,060,308
  • High Value: 3,736,767
  • Low Value: 2,383,848

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,225,000
  • First Open Lien Mortgage Lender: FIRST FOUNDATION BANK
  • First Open Lien Mortgage Recording Date: Dec 29, 2021
  • First Open Lien Mortgage Loan Amount: $2,225,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,346,552
  • Assessed Land Value: $2,677,243
  • Assessed Improvements Value: $669,309

    Sales

  • Current Sale Contract Date: Mar 23, 2017
  • Current Sale Recording Date: Apr 13, 2017
  • Current Sale Transaction ID: 1807188998
  • Current Sale Price: $3,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0408573

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FOUNDATION BANK
  • First Mortgage Transaction Date: Apr 13, 2017
  • First Mortgage Loan Amount: $1,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: May 01, 2047

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Frequently Asked Questions

What neighborhood is 40 Clubhouse Avenue located in?
The 40 Clubhouse 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 40 Clubhouse Avenue?
The average sales price for units in 40 Clubhouse Avenue is $0 currently.

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