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418 Rialto Avenue

418 Rialto Avenue, Venice, CA 90291
Sold Jun 28, 2019
$2,165,000
$1,450,000 by Finance Of America Mortgage Ll
Mortgage Due Feb 01, 2051
Sold Oct 07, 2005
$1,150,000
$805,000 by Abn Amro Mortgage Group Inc
Mortgage Due Nov 01, 2035
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418 Rialto 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 1908 and is 116 years old. However, we must point out that the home was most recently renovated and altered in 1977. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 418 Rialto Avenue has 1,058 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 850 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 2,550 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. According to our sources, there is one available parking space. 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 A by the local assessor. The building has a gable style roof made of composition shingle. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 418 Rialto Avenue sold most recently in May 24, 2019 for a total of $2,165,000. If you work out the math, that's approximately a cost of $2,046.31 per sqft. Before that, the property was also sold for $1,150,000 in Sep 20, 2005. 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 $26,720 in taxes each year. 418 Rialto Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,321,314. If we break it down further, the land itself was valued at $1,857,052. Improvements to the property, however, were assessed at a total of $464,262. 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

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,550
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,058
  • Building Area: 1,058
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,058
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE OF AMERICA
  • Land Acres: 0.059
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VENICE OF AMERICA LOT/SEC 27 BLK/DIV/TWN 10

Ownership

  • Current Owner : ROTHFELS JOHNATHAN N
  • Previous Owner : RITCH DAVID
  • Previous Owner 2: RITCH JENNIFER
  • Owner Before Previous Owner: BINDER ROBERT
  • Owner Before Previous Owner 2: BINDER SU MOON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273502

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4238-015-025
  • Block: 10
  • Lot: 27
  • Municipality: WEST /VENICE SOUTH
  • Latitude: 33.9888
  • Longitude: -118.469

    Address

  • Full Address: 418 Rialto Ave
  • Address - House Number: 418
  • Address - Street Name: Rialto
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C046
  • 4-Digit Zip Code: 4246
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,720
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 2,082,875
  • High Value: 2,548,185
  • Low Value: 1,617,565

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,450,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Feb 03, 2021
  • First Open Lien Mortgage Loan Amount: $1,450,000
  • 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: Feb 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,321,314
  • Assessed Land Value: $1,857,052
  • Assessed Improvements Value: $464,262

    Sales

  • Current Sale Contract Date: May 24, 2019
  • Current Sale Recording Date: Jun 28, 2019
  • Current Sale Transaction ID: 11618698135
  • Current Sale Price: $2,165,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0626744
  • Previous Sale Recording Date: Oct 07, 2005
  • Previous Sale Contract Date: Sep 20, 2005
  • Previous Sale Amount: $1,150,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 28, 2019
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Oct 07, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $805,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 418 Rialto Avenue located in?
The 418 Rialto Avenue is a house located in the neighborhood of Windward Circle in West Los Angeles, Venice.
What is the average sales price for listings in 418 Rialto Avenue?
The average sales price for units in 418 Rialto Avenue is $0 currently.

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