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740 Flower Avenue

740 Flower Avenue, Venice, CA 90291
Multifamily in Oakwood
Sold Oct 30, 2020
$1,525,000
$1,220,000 by First Republic Bank
Mortgage Due Aug 01, 2051
Local assessors in Venice, CA have categorized 740 Flower Avenue as a residential type of property. The home was built in 1951 and is 73 years old. The property's lot size has been calculated to be 5,795 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex 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, 6 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 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 740 Flower Avenue has a total of 2,367 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 property was last sold in Sep 4, 2020 for $1,525,000. That's $644.28 per sqft. 740 Flower Avenue was last assessed in 2023. The total value of the property was assessed at $1,586,610. Specifically, the land the property is located on was valued at $1,352,520. While improvements on the property were assessed at a total of $234,090. 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 $18,582. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,795
  • Total Building Area: 2,367
  • Gross Building Area: 2,367
  • Building Area: 2,367
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,367
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4372
  • Land Acres: 0.133
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT # 4372 LOT/SEC 11 BLK/DIV/TWN B

Ownership

  • Current Owner : CABRERA PETER ISAAC
  • Current Owner 2: KLEIN LAUREN ILONA
  • Previous Owner : STOPLE VICTOR WRAY
  • Ownership Rights Codes: Family Revocable Trust
  • 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
  • Subdivision Tract Number: 4372
  • Parcel: 4240-017-050
  • Block: B
  • Lot: 11
  • Municipality: WEST /VENICE RES INC
  • Latitude: 34
  • Longitude: -118.467

    Address

  • Full Address: 740 Flower Ave
  • Address - House Number: 740
  • Address - Street Name: Flower
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C017
  • 4-Digit Zip Code: 2727
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,582
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,207,771
  • High Value: 2,713,751
  • Low Value: 1,701,791

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,220,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jul 22, 2021
  • First Open Lien Mortgage Loan Amount: $1,220,000
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,586,610
  • Assessed Land Value: $1,352,520
  • Assessed Improvements Value: $234,090

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Transaction ID: 11795352828
  • Current Sale Price: $1,525,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1367123

    Last Sale Mortgage

  • First Mortgage Lender: BBVA USA
  • First Mortgage Transaction Date: Oct 30, 2020
  • First Mortgage Loan Amount: $1,220,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 740 Flower Avenue located in?
The 740 Flower Avenue is a multifamily located in the neighborhood of Oakwood in West Los Angeles, Venice.
What is the average sales price for listings in 740 Flower Avenue?
The average sales price for units in 740 Flower Avenue is $0 currently.

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