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825 Palms Boulevard

825 Palms Boulevard, Venice, CA 90291
Property in Milwood
Sold May 30, 2019
$1,892,500
$1,650,000 by Gbl Group Llc
Mortgage
Sold Jun 19, 2015
$2,300,000
825 Palms Boulevard in Venice, CA was first built in 2019 and is 5 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 825 Palms Boulevard has 3,736 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 5,373 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of roll composition. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 825 Palms Boulevard was last sold in Feb 12, 2019 for $1,892,500. According to our calculations, that's $506.56 per sqft. Prior to that sales transaction, the property was sold for $2,300,000 in Jun 8, 2015. Current property owners are expected to pay $51,540 in taxes per year. The property on 825 Palms Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,476,304. To break that down further, the land itself was valued at $2,125,530. While improvements to the property were assessed at a total of $2,350,774. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,373
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,736
  • Building Area: 3,736
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,736
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: THE VENICE VISTA TRACT
  • Land Acres: 0.123
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VENICE VISTA TRACT LOT/SEC 7

Ownership

  • Current Owner : LAYBOURNE LAWRENCE P
  • Current Owner 2: BEKELE HERRAN
  • Previous Owner : GERALDINE B LAYBOURNE REVOCABLE TRUST
  • Owner Before Previous Owner: MDR REAL ESTATE PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Aug 07, 2023

Neighborhood

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

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 49-C3
  • Parcel: 4241-010-007
  • Lot: 7
  • Municipality: WEST /OAKW/CENT VEN
  • Latitude: 33.9947
  • Longitude: -118.461

    Address

  • Full Address: 825 Palms Blvd
  • Address - House Number: 825
  • Address - Street Name: Palms
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Venice
  • Carrier Code: C041
  • 4-Digit Zip Code: 3850
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $51,540
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 3,721,920
  • High Value: 4,578,169
  • Low Value: 2,865,671

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,957,500
  • First Open Lien Mortgage Lender: GBL GROUP LLC
  • First Open Lien Mortgage Recording Date: May 30, 2019
  • First Open Lien Mortgage Loan Amount: $1,650,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: LAWRENCE CN LAYBOURNE ETAL
  • Second Open Lien Mortgage Recording Date: May 30, 2019
  • Second Open Lien Mortgage Loan Amount: $307,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Seller take-back
  • Second Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,476,304
  • Assessed Land Value: $2,125,530
  • Assessed Improvements Value: $2,350,774

    Sales

  • Current Sale Contract Date: Feb 12, 2019
  • Current Sale Recording Date: May 30, 2019
  • Current Sale Transaction ID: 11610499149
  • Current Sale Price: $1,892,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0497206
  • Previous Sale Recording Date: Jun 19, 2015
  • Previous Sale Contract Date: Jun 08, 2015
  • Previous Sale Amount: $2,300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAWRENCE CN LAYBOURNE ETAL
  • First Mortgage Transaction Date: May 30, 2019
  • First Mortgage Loan Amount: $307,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

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Frequently Asked Questions

What neighborhood is 825 Palms Boulevard located in?
The 825 Palms Boulevard is a located in the neighborhood of Milwood in West Los Angeles, Venice.
What is the average sales price for listings in 825 Palms Boulevard?
The average sales price for units in 825 Palms Boulevard is $0 currently.

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