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51 Ozone Avenue

51 Ozone Avenue, Venice, CA 90291
Multifamily in Venice Beach
Local assessors in Venice, CA have categorized 51 Ozone Avenue as a residential type of property. The home was built in 1906 and is 118 years old. The property's lot size has been calculated to be 2,996 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 6 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 51 Ozone Avenue has a total of 2,950 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 51 Ozone Avenue sold most recently in Jun 16, 2022 for a total of $2,400,000. If you work out the math, that's approximately a cost of $813.56 per sqft. Before that, the property was also sold for $1,000,000 in Apr 4, 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 $20,428 in taxes each year. 51 Ozone Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,400,000. If we break it down further, the land itself was valued at $2,200,000. Improvements to the property, however, were assessed at a total of $200,000. The property's total assessed value has been marked as more than the total market value 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.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
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220301
03/01/2022
Studio
-
-
$2,999,000
bedrooms
Studio
bathrooms
-
-
-
-
Jennifer Saginor
Keller Williams - Beverly Hills

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,996
  • Total Building Area: 2,950
  • Gross Building Area: 2,950
  • Building Area: 2,950
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,950
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLDEN BAY TRACT
  • Land Acres: 0.069
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: GOLDEN BAY TRACT LOT/SEC 28 BLK/DIV/TWN 1

Ownership

  • Current Owner : GARRICK AUSTIN
  • Current Owner 2: GRIFFIN BRONWYN PATRICIA
  • Previous Owner : JASON COHEN
  • Owner Before Previous Owner: SARLO MICHAEL J
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273404

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-B3
  • Parcel: 4286-018-030
  • Block: 1
  • Lot: 28
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9963
  • Longitude: -118.48

    Address

  • Full Address: 51 Ozone Ave
  • Address - House Number: 51
  • Address - Street Name: Ozone
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C011
  • 4-Digit Zip Code: 6403
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,428
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2299
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 2,737,997
  • High Value: 3,367,526
  • Low Value: 2,108,469

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,480,000
  • First Open Lien Mortgage Lender: JEFFEREY A PATCHIN TRUST
  • First Open Lien Mortgage Recording Date: Oct 07, 2016
  • First Open Lien Mortgage Loan Amount: $480,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Private Lender: T
  • Second Open Lien Mortgage Lender: CIBC BANK USA
  • Second Open Lien Mortgage Recording Date: Jun 28, 2023
  • Second Open Lien Mortgage Loan Amount: $1,000,000
  • Second Open Lien Mortgage Term: 27
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 31, 2025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,400,000
  • Assessed Land Value: $2,200,000
  • Assessed Improvements Value: $200,000

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Aug 01, 2022
  • Current Sale Transaction ID: 11893359461
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 774027
  • Previous Sale Recording Date: Apr 15, 2005
  • Previous Sale Contract Date: Apr 04, 2005
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: COMMERCIAL CAPITAL BANK FSB
  • Previous Mortgage Transaction Date: Apr 15, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $730,000
  • 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 51 Ozone Avenue located in?
The 51 Ozone 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 51 Ozone Avenue?
The average sales price for units in 51 Ozone Avenue is $0 currently.

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