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617 Broadway Street

617 Broadway Street, Venice, CA 90291
Multifamily in Oakwood
617 Broadway Street 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 1925 and is 99 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, 617 Broadway Street has 1,772 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 5,196 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. In terms of heating, it is utilizing a heating system. 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, 617 Broadway Street sold most recently in Aug 15, 2022 for a total of $2,145,000. If you work out the math, that's approximately a cost of $1,210.50 per sqft. Before that, the property was also sold for $1,650,000 in Aug 8, 2019. 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 $20,135 in taxes each year. 617 Broadway Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,145,000. If we break it down further, the land itself was valued at $1,900,000. Improvements to the property, however, were assessed at a total of $245,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

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

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220618
06/18/2022
Studio
-
-
$2,395,000
bedrooms
Studio
bathrooms
-
-
-
-
Nazak Nowtash
Compass
20190513
05/13/2019
5 Bed
4 Bath
-
$1,985,000
bedrooms
5 Bed
bathrooms
4 Bath
$1,650,000 -16.88%
08/20/2019
Jeff Konecke

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 5,196
  • Total Building Area: 1,772
  • Building Area: 1,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,772
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEAN PARK VILLA TRACT
  • Land Acres: 0.119
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OCEAN PARK VILLA TRACT LOT/SEC 39 BLK/DIV/TWN K

Ownership

  • Current Owner : MALEKI ALEX
  • Previous Owner : COHEN MARC VICTOR
  • Owner Before Previous Owner: GORMAN GERARD
  • Owner Before Previous Owner 2: OILIER LEAKTHINA C
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 49-C3
  • Parcel: 4239-012-040
  • Block: K
  • Lot: 39
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9952
  • Longitude: -118.468

    Address

  • Full Address: 617 Broadway St
  • Address - House Number: 617
  • Address - Street Name: Broadway
  • Address - Suffix Type: St
  • State: CA
  • City Name: Venice
  • Carrier Code: C004
  • 4-Digit Zip Code: 3403
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,135
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2255
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,301,401
  • High Value: 2,820,405
  • Low Value: 1,782,397

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,145,000
  • Assessed Land Value: $1,900,000
  • Assessed Improvements Value: $245,000

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Transaction ID: 11896770333
  • Current Sale Price: $2,145,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 972009
  • Previous Sale Recording Date: Aug 20, 2019
  • Previous Sale Contract Date: Aug 08, 2019
  • Previous Sale Amount: $1,650,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 07, 2022
  • First Mortgage Loan Amount: $1,608,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: M C FAMILY TRUST
  • Previous Mortgage Transaction Date: Aug 20, 2019
  • Previous Mortgage Loan Amount: $2,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 617 Broadway Street located in?
The 617 Broadway Street is a multifamily located in the neighborhood of Oakwood in West Los Angeles, Venice.
What is the average sales price for listings in 617 Broadway Street?
The average sales price for units in 617 Broadway Street is $1,595,000 currently.

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