563 Westminster Ave Venice, CA 90291

$1,050,000 Sold Price as of 07/08/2009

6 Beds
5 Baths
3,376 Sq.Ft.

Off Market

$1,050,000 Sold Price as of 07/08/2009 Refinance Your Mortgage

Map preview of 563 Westminster Ave, Venice, CA 90291

Property Overview: 563 Westminster Ave Venice, CA has 6 bedrooms, 5 bathrooms, 3,376 living square feet and 5,205 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

563 Westminster Ave 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 $2,480,000. The median price per/sqft for Venice is $1,228. 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 $496,000 for the down payment and will need roughly $49,600 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 $94,700. 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 563 Westminster Ave

Last sold for $1,050,000 on July 8th, 2009

April, 2024
Apr 2, 2024

Date

Expired

CRMLS: 23317061

$1,295,000

Price
Oct 9, 2023

Date

Active

CRMLS: 23317061

$2,888,000

Price
Listing provided courtesy of CRMLS

Fantastic TIC (Tenants in Common) opportunity in Venice! Own 50% of a triplex for less than the price of a condo! Why pay HOA's when you can collect rental income. The property is located in one of the most desirable pockets in Venice just two blocks to Abbott Kinney and five blocks to world famous Venice Beach. This amazing triplex consists of a 1926 California bungalow and a 1989 tri-level duplex (no local rent control). The 1400 sq. ft., 2bed + 2 bath, townhouse style duplex units were renovated in 2010 and have 20-foot living room ceilings and loft primary bedrooms with custom en-suite bathrooms. New roof on duplex installed in September 2023. All 3 units have hardwood floors, fireplaces and washer and dryers. In addition, each unit comes with 2 parking spaces (1 garage and 1 gated off street) plus storage. The bungalow has a front and side yard while the duplex units each have a balcony to enjoy the beautiful beach weather. Whether you are looking for a savvy investment with a steady income stream or a wonderful place to call home, this triplex has it all. PLEASE DO NOT DISTURB TENANTS.

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July, 2009
Jul 8, 2009

Date

Sold (Public Records)

Public Records

$1,050,000

Price
July, 2009
Jul 8, 2009

Date

Sold (Public Records)

Public Records

$248,925

Price

Tax History for 563 Westminster Ave

Assessed Value (2020): $1,239,299

Year	Land Value	Improved Value	Assessed Value
2020	$1,003,246	$236,053	$1,239,299

About 563 Westminster Ave

Detailed summary of property

563 Westminster Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Venice, CA 90291 and last sold on July 8, 2009 for $1,050,000. This property has 6 bedrooms, 5 bathrooms, roughly 3,376 living square feet, and sits on an approximately 5,205 square foot lot. Homes in Venice are selling for a median price of $1,894,000 and a median price per square foot of $1,377. Based on Ardent Real Estate Group's Venice Market Data, this home is sold 44.56% lower than the current median priced home. 563 Westminster Ave was last sold on July 8, 2009 for $1,050,000. Local nearby listings include 3949 Redwood Ave, 3624 Beethoven St and 12731 Woodgreen St. The average home in Venice, CA is selling in 119 days. There are currently 175 homes for sale in the Venice real estate market and 153 of them are single family homes while 15 of them are condos and 7 are townhomes. If you are the homeowner and looking to sell the home at 563 Westminster Ave Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 563 Westminster Ave

Public county record property details

Beds: 6
Baths: 5
Year built: 1926
Sq. Ft.: 3,376
Lot Size: 5,205
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 20
APN: 4239-020-020

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

$2,495,000

Median List Price/Sq.Ft.

$1,228

Median Sold Price

$2,280,000

Median Sold Price/Sq.Ft.

$1,255

Total Inventory

173

Median Sale to List Price %

99.35%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (8.33%), Other (16.67%)

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