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421 Venice Way

421 Venice Way, Venice, CA 90291
Multifamily in Windward Circle
421 Venice Way 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 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1951. 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, 421 Venice Way has 1,026 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 250 ft. The area measurement of the land has been determined as 2,248 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. The inside of the home is being cooled with air conditioning at the moment. 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, 421 Venice Way was last sold in May 23, 2017 for $1,323,500. According to our calculations, that's $1,289.96 per sqft. Prior to that sales transaction, the property was sold for $2,100,000 in Nov 10, 2015. Current property owners are expected to pay $17,035 in taxes per year. The property on 421 Venice Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,475,915. To break that down further, the land itself was valued at $1,338,620. While improvements to the property were assessed at a total of $137,295. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200401
04/01/2020
Studio
-
-
$1,800,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1951
  • Building Count: 1
  • 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: 2,248
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,026
  • Gross Building Area: 1,026
  • Building Area: 1,026
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,026
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 9358
  • Land Acres: 0.052
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TR=9358 LOT 68 BLK 3

Ownership

  • Current Owner : PRESTON SHAWN
  • Current Owner 2: SMITH TIFFANY
  • Previous Owner : 421 VENICE WAY LIMITED PARTNERSHIP
  • Owner Before Previous Owner: ALEXANDER MARK J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-C4
  • Subdivision Tract Number: 9358
  • Parcel: 4238-020-033
  • Block: 3
  • Lot: 68
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9877
  • Longitude: -118.468

    Address

  • Full Address: 421 Venice Way
  • Address - House Number: 421
  • Address - Street Name: Venice
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Venice
  • Carrier Code: C029
  • 4-Digit Zip Code: 4241
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,035
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 1,637,328
  • High Value: 1,748,260
  • Low Value: 1,526,396

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,130,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Apr 13, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,130,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Apr 15, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,475,915
  • Assessed Land Value: $1,338,620
  • Assessed Improvements Value: $137,295

    Sales

  • Current Sale Contract Date: May 23, 2017
  • Current Sale Recording Date: May 26, 2017
  • Current Sale Transaction ID: 1812023295
  • Current Sale Price: $1,323,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0587736
  • Previous Sale Recording Date: Nov 20, 2015
  • Previous Sale Contract Date: Nov 10, 2015
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 26, 2017
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DBA MET CAPITAL FUND
  • Previous Mortgage Transaction Date: Nov 20, 2015
  • Previous Mortgage Loan Amount: $1,365,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 421 Venice Way located in?
The 421 Venice Way is a multifamily located in the neighborhood of Windward Circle in West Los Angeles, Venice.
What is the average sales price for listings in 421 Venice Way?
The average sales price for units in 421 Venice Way is $0 currently.

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