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705 Palms Boulevard

705 Palms Boulevard, Venice, CA 90291
Multifamily in Milwood
Local assessors in Venice, CA have categorized 705 Palms Boulevard as a residential type of property. The home was built in 1948 and is 76 years old. It was most recently renovated and altered in 1973. The property's lot size has been calculated to be 5,403 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 7 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 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 705 Palms Boulevard has a total of 3,088 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 705 Palms Boulevard was last sold in Dec 3, 2018 for $2,400,000. According to our calculations, that's $777.20 per sqft. Prior to that sales transaction, the property was sold for $450,000 in Jan 7, 1999. Current property owners are expected to pay $29,755 in taxes per year. The property on 705 Palms Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,573,283. To break that down further, the land itself was valued at $1,608,302. While improvements to the property were assessed at a total of $964,981. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180711
07/11/2018
7 Bed
4 Bath
3088 ft²
$2,999,999
bedrooms
7 Bed
bathrooms
4 Bath
square feet
3088 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,403
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,088
  • Gross Building Area: 3,088
  • Building Area: 3,088
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,088
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE PARK TRACT
  • Land Acres: 0.124
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: VENICE PARK TRACT LOT/SEC 3 BLK/DIV/TWN 5

Ownership

  • Current Owner : REID BRIAN ELWOOD
  • Current Owner 2: REID NINA MARYSE
  • Previous Owner : MENAGHAN JOHN MICHAEL
  • Previous Owner 2: JOHN MICHAEL MENAGHAN TRUST
  • Owner Before Previous Owner: SHULKIN ROBERT JAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273600

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4241-011-003
  • Block: 5
  • Lot: 3
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9924
  • Longitude: -118.463

    Address

  • Full Address: 705 Palms Blvd
  • Address - House Number: 705
  • Address - Street Name: Palms
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Venice
  • Carrier Code: C007
  • 4-Digit Zip Code: 3848
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,755
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 3,056,950
  • High Value: 3,757,546
  • Low Value: 2,356,354

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,040,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 06, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,040,000
  • 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: May 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,573,283
  • Assessed Land Value: $1,608,302
  • Assessed Improvements Value: $964,981

    Sales

  • Current Sale Contract Date: Dec 03, 2018
  • Current Sale Recording Date: Jan 24, 2019
  • Current Sale Transaction ID: 11564250316
  • Current Sale Price: $2,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0069927
  • Previous Sale Recording Date: Jan 25, 1999
  • Previous Sale Contract Date: Jan 07, 1999
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEWREZ LLC
  • First Mortgage Transaction Date: Jan 24, 2019
  • First Mortgage Loan Amount: $1,999,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Feb 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PFF BANK & TRUST
  • Previous Mortgage Transaction Date: Jan 25, 1999
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $360,000
  • Previous Mortgage Term: 480
  • Previous Mortgage Loan Due Date: Feb 01, 2039

About West Los Angeles



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Nearby Rentals

Unit for rent at

$15,000 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,769 ft²
Listing by Elisa Crispi
Unit for rent at

$14,975 /mo

  • 4 Beds
  • 3.5 Baths
  • 3,309 ft²
Listing by Josh Flynn

Frequently Asked Questions

What neighborhood is 705 Palms Boulevard located in?
The 705 Palms Boulevard is a multifamily located in the neighborhood of Milwood in West Los Angeles, Venice.
What is the average sales price for listings in 705 Palms Boulevard?
The average sales price for units in 705 Palms Boulevard is $0 currently.

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