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407 Ocean Front Walk Venice, CA 90291

$5,800,000 Sold Price as of 10/01/2018
  • 12 Beds
  • 12 Baths
  • 9,300 Sq.Ft.
Off Market
$5,800,000 Sold Price as of 10/01/2018 Refinance Your Mortgage

Property Overview: 407 Ocean Front Walk Venice, CA has 12 bedrooms, 12 bathrooms, 9,300 living square feet and 4,719 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

407 Ocean Front Walk is currently an off market home in the city of Venice. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Venice has a median list price of $2,599,000. The median price per/sqft for Venice is $1,264. With those numbers in mind, if you are looking to purchase a median priced home in Venice, CA and put 20% down you will need to save up $519,800 for the down payment and will need roughly $51,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Venice the commission could be as much as $115,100. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 407 Ocean Front Walk

Last sold for $5,800,000 on October 1st, 2018

  • August, 2023

  • Aug 6, 2023

    Date

    Expired

    CRMLS: 22225585

    $6,200,000

    Price

  • Dec 15, 2022

    Date

    Active

    CRMLS: 22225585

    $6,650,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2018

  • Oct 2, 2018

    Date

    Sold

    CRMLS: SB18168168

    $5,800,000

    Price

  • Aug 2, 2018

    Date

    Pending

    CRMLS: SB18168168

    $5,950,000

    Price

  • Jul 13, 2018

    Date

    Active

    CRMLS: SB18168168

    $5,950,000

    Price

  • Listing provided courtesy of CRMLS

    THIS IS YOUR CHANCE TO FINALLY OWN PROPERTY DIRECTLY ON THE BOARDWALK OF VENICE BEACH!! Located in one of the most desirable locations in Los Angeles, if not all of California, this ocean front property consists of two structures built in 1905 and 1909 that sit on a 4,719 square-foot lot, zoned LAR3. 407 Ocean Front Walk offers 12 large and well laid out one-bedroom/one-bathroom units, which are in extremely high demand this close to the beach. Over the past several years, Venice has transformed into part of what is known as "Silicon Beach", Los Angeles’ newest entertainment, media and technology hub, which covers approximately a four-mile stretch along the Los Angeles coast from Santa Monica down to Playa Vista. This location is at the epicenter of Silicon Beach, which attracts one of the strongest rental demographics available, the Gen Y / Millennials. With over 49% in rental upside, this is a terrific investment opportunity for both new or seasoned apartment investors.

  • October, 2018

  • Oct 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $5,800,000

    Price

Show More

Tax History for 407 Ocean Front Walk

Assessed Value (2020): $5,916,840
Year Land Value Improved Value Assessed Value
2020 $5,100,000 $816,840 $5,916,840

About 407 Ocean Front Walk

Detailed summary of property

407 Ocean Front Walk is categorized with a use code of Apartment House (5+ Units) in Venice, CA 90291 and last sold on October 1, 2018 for $5,800,000. This property has 12 bedrooms, 12 bathrooms, roughly 9,300 living square feet, and sits on an approximately 4,719 square foot lot. Homes in Venice are selling for a median price of $2,302,000 and a median price per square foot of $1,155. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 151.95% higher than the current median priced home. 407 Ocean Front Walk was last sold on October 1, 2018 for $5,800,000. The average home in Venice, CA is selling in 106 days. There are currently 141 homes for sale in the Venice real estate market and 127 of them are single family homes while 10 of them are condos and 4 are townhomes. If you are the homeowner and looking to sell the home at 407 Ocean Front Walk Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 407 Ocean Front Walk

Public county record property details
Beds
12
Baths
12
Year built
1909
Sq. Ft.
9,300
Lot Size
4,719
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
243
APN
4286-029-002

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,595,000
Median List Price/Sq.Ft.
$1,264
Median Sold Price
$2,302,000
Median Sold Price/Sq.Ft.
$1,423
Total Inventory
137
Median Sale to List Price %
92.26%
Avg Days on Market
77
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

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(714) 706-1823
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