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719 Ocean Front Walk

719 Ocean Front Walk, Venice, CA 90291
Multifamily in Venice Beach
1 Units For Sale
Unit for sale at 719 Ocean Front Walk, Venice, CA 90291

$10,999,000

  • 6 Beds
  • 5 Baths
  • 3,325 ft²
719 Ocean Front Walk, Venice, CA 90291 Listing by Jonathan Minerick

Local assessors in Venice, CA have categorized 719 Ocean Front Walk as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 4,444 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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, 2 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 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 719 Ocean Front Walk has a total of 2,278 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 - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Sep 17, 2021 for $3,712,500. That's $1,629.72 per sqft. 719 Ocean Front Walk was last assessed in 2023. The total value of the property was assessed at $3,786,342. Specifically, the land the property is located on was valued at $3,264,000. While improvements on the property were assessed at a total of $522,342. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $46,294. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210712
07/12/2021
Studio
-
-
$3,695,000
bedrooms
Studio
bathrooms
-
$3,712,500 +0.47%
09/28/2021
-
Tamra (Tami) Pardee
Pardee Properties

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,444
  • Total Building Area: 2,278
  • Building Area: 2,278
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,278
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GOLDEN BAY TRACT
  • Land Acres: 0.102
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: GOLDEN BAY TRACT LOT/SEC 317 BLK/DIV/TWN 7

Ownership

  • Current Owner : EXETER 21514 WY LLC
  • Previous Owner : STUDIO CLAIRE LLC
  • Owner Before Previous Owner: BUNGE JOSE
  • Owner Before Previous Owner 2: BARCELONA BUNGE VICTORIA
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273403

Zoning

  • Zoning: LAC1

Geography

  • Assessors Map Reference: 49-B4
  • Parcel: 4286-028-013
  • Block: 7
  • Lot: 317
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9917
  • Longitude: -118.477

    Address

  • Full Address: 719 Ocean Front Walk
  • Address - House Number: 719
  • Address - Street Name: Ocean Front
  • Address - Suffix Type: Walk
  • State: CA
  • City Name: Venice
  • Carrier Code: C005
  • 4-Digit Zip Code: 3212
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $46,294
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2327
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 67
  • Final Value: 3,111,720
  • High Value: 3,836,052
  • Low Value: 2,387,389

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,210,100
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Mar 28, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,210,100
  • 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 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,786,342
  • Assessed Land Value: $3,264,000
  • Assessed Improvements Value: $522,342

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 28, 2021
  • Current Sale Transaction ID: 11857381858
  • Current Sale Price: $3,712,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1476696
  • Previous Sale Recording Date: Jan 18, 2006
  • Previous Sale Contract Date: Dec 22, 2005
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FJM PRIVATE MORTGAGE FUND LLC
  • First Mortgage Transaction Date: Sep 28, 2021
  • First Mortgage Loan Amount: $2,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: FIRST CAPITAL
  • Previous Mortgage Transaction Date: Jan 18, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,950,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2036

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 719 Ocean Front Walk located in?
The 719 Ocean Front Walk is a multifamily located in the neighborhood of Venice Beach in West Los Angeles, Venice.
How many listings are currently for sale in 719 Ocean Front Walk?
There is one unit for sale right now.
What is the average sales price for listings in 719 Ocean Front Walk?
The average sales price for units in 719 Ocean Front Walk is $3,695,000 , or $3,308/sqft. currently.

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