NOT LISTED FOR SALE

1015 Victoria Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $3,276,000 - $8,371,000

5 Beds
7 Baths
5,400 Sq Ft
$989/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $2,150,000 $398 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $30,707/month

64 Days on Market

Highlights

  • Heated In Ground Pool
  • 0.24 Acre Lot
  • No HOA
  • Beethoven Street Elementary School Rated 9+

About This Home

As of April 2022

Extremely rare opportunity to build this one-of-a-kind, permit-issued dream home. The 5400 sq ft 5 BR / 7 BA contemporary zen residence w/ ADU & street-to-alley access is sited on the largest lot in all of Venice. The proposed Tulum & James Perse-inspired finishes perfectly blend warmth, tranquility, & the Venice beachy & artsy vibes w/ natural materials & textures such as European White Oak, natural stones & tropical landscaping. Waste no time with Coastal Commission or Building & Safety, as this property comes with RTI / ISSUED PERMITS. Existing ~3500 sq ft structure on the property allows for financing with more favorable terms than ground-up construction. Walk or bike to Erewhon, Whole Foods, the ocean, Abbot Kinney, Main St, and all of the restaurants, entertainment and nightlife Venice has to offer. Truly a once in a lifetime opportunity to build an impressive home all while having healthy equity margins from a developer perspective. Don't hesitate to make a move on this masterpiece to be, before the owner changes their mind and builds it themselves. Digital renderings shown.

Last Agent to Sell the Property

Oliver Thornton

Hollywood Estates License #01969227 Listed on: 10/11/2021

Last Buyer's Agent

RC Thornton

Hollywood Estates License #01266660

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,967

Year Built

  • Built in 1922

Lot Details

  • 10,412 Sq Ft Lot
  • Lot Dimensions are 60x174
  • Property is zoned LAR1

Home Design

  • Fixer Upper

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Carport
  • Driveway

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4242-003-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,967

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: New Project
  • Street Number Display: Yes
  • Living Area: 5400
  • Lot Acreage: 0.2390
  • Lot Dimensions: 60x174
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Bedrooms: 5
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Price Per S Q F T: 423.70

Exterior Features

  • Other Structures: Other
  • Pool Description: In Ground, Heated, Private
  • Pool: Yes
  • Spa: In Ground, Private, Heated
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Parking Garage: Carport, Driveway
  • Total Parking: 2

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4242-003-003
  • Lot Size Area: 10412

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2023
Sold by
Shanley Mark
Bought by
Shanley Family Trust
Current Estimated Value
$5,341,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2021
Sold by
1015 Victoria Propco Llc
Bought by
Shanley Family Trust and Shanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,487,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2020
Closed on
Feb 4, 2021
Sold by
Parker Debra
Bought by
1015 Victoria Propco Llc
Seller's Agent
Alexis Boris Waterman
Compass
Buyer's Agent
Oliver Thornton
Hollywood Estates
List Price
$1,795,000
Sold Price
$1,700,000
Premium/Discount to List
-$95,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.47%
Original Mortgage
$3,011,100
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2004
Sold by
Parker Bruce Alan and Bruce Alan Parker Revocable Tr
Bought by
Parker Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 1997
Sold by
Sheaffer Clement A and Sheaffer Mary J
Bought by
Parker Bruce Alan and Bruce Alan Parker Revocable Tr
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shanley Family Trust -- Clearmark Title
Shanley Mark -- Clearmark Title
Shanley Mark -- Clearmark Title
Shanley Family Trust $2,125,000 Equity Title
1015 Victoria Propco Llc $1,700,000 Chicago Title
Parker Debra -- Chicago Title Company
Parker Debra A $429,000 Equity Title Company
Parker Debra A -- Equity Title Company
Parker Bruce Alan $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanley Family Trust $3,477,500
Closed Shanley Family Trust $350,000
Closed Shanley Family Trust $2,700,000
Previous Owner Shanley Family Trust $1,487,500
Previous Owner 1015 Victoria Propco Llc $3,011,100
Previous Owner Parker Debra A $350,000
Previous Owner Parker Debra A $150,000
Previous Owner Parker Debra A $605,000
Previous Owner Parker Debra A $384,600
Previous Owner Parker Debra A $60,000
Previous Owner Parker Debra A $300,000
Previous Owner Parker Bruce Alan $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $2,150,000 -6.0% $398 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
11/02/2021 11/02/21 Price Changed $2,288,000 -2.6% $424 / Sq Ft
10/11/2021 10/11/21 For Sale $2,350,000 +38.2% $435 / Sq Ft
02/19/2021 02/19/21 Sold $1,700,000 -5.3% $486 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
10/30/2020 10/30/20 For Sale $1,795,000 -- $513 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,967 $3,851,468 $1,804,053 $2,047,415
2024 $26,967 $2,210,850 $1,768,680 $442,170
2023 $26,444 $2,167,500 $1,734,000 $433,500
2022 $20,656 $1,734,000 $1,377,000 $357,000
2021 $11,151 $919,447 $814,374 $105,073
2020 $11,262 $910,020 $806,024 $103,996
2019 $10,819 $892,177 $790,220 $101,957
2018 $10,678 $874,684 $774,726 $99,958
2016 $10,207 $840,722 $744,644 $96,078
2015 $10,058 $828,094 $733,459 $94,635
2014 $10,180 $811,874 $719,092 $92,782
Source: Public Records

Agents Affiliated with this Home

  • Oliver Thornton

    Seller's Agent in 2022

    Oliver Thornton

    Hollywood Estates

    (310) 704-1794

    5 in this area

    57 Total Sales

    Oliver Thornton
    Section Image

  • R

    Buyer's Agent in 2022

    RC Thornton

    Hollywood Estates

    (323) 300-1000

    4 in this area

    26 Total Sales

    RC Thornton
    Section Image
  • Alexis Boris Waterman

    Seller's Agent in 2021

    Alexis Boris Waterman

    Compass

    (310) 990-6894

    1 in this area

    29 Total Sales

    Alexis Boris Waterman
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Ashley Kermani

    Westside Pacific Estates Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 21-794012

The MLS

APN: 4242-003-003

California Los Angeles County Venice 90291 Venice

1015 Victoria Ave, Venice, CA

This home is located at 1015 Victoria Ave, Venice, CA 90291 since 11 October 2021 and is currently estimated at $5,341,610, approximately $989 per square foot. This property was built in 1922. 1015 Victoria Ave is a home located in Los Angeles County with nearby schools including Beethoven Street Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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