NOT LISTED FOR SALE

1113 Electric Ave Unit 11 Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,530,000 - $1,653,886

1 Bed
1 Bath
1,210 Sq Ft
$525/ mo HOA Fee

Last Sold April 01, 2022

Last sale price $1,700,000 $1,405 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $10,434/month

4 Days on Market

Highlights

  • City Lights View
  • 0.33 Acre Lot
  • High Ceiling
  • Venice High School Rated A
  • Bamboo Flooring
  • Home Office

About This Home

As of April 2022

LIVE/WORK industrial modern townhome. Steps to Abbott Kinney Boulevard, Main Street of Santa Monica and two block to beach! This 1 bedroom plus loft bedroom is in the heart of Silicon Beach! Super high-end, industrial modern and has been recently remodeled. First level has large living room with 20ft ceilings, concrete walls and floors plus floor to ceiling window, exposed iron beam ceiling and iron beam staircase. Large master suite, walk-in closet, and attached master bathroom. Second level has a gourmet kitchen with Italian cabinets, high-end appliances and bamboo floors. Dining area has skylight and seats up 6 persons plus an island that seats two for informal eating. There is a full bathroom on this floor with large sunken tub and shower. The third level, the loft area that has been used as a bedroom or office area. The room is full of light with a bank of windows facing the Hollywood mountains. Large rooftop deck has plenty of room for entertaining with lounge area, and BBQ area. Currently rooftop is shared between next door neighbor for more space but can be separated. Property has two-car tandem garage, storage cabinets and washer and dryer. Steps to Abbott Kinney, Main Street in Santa Monica and 2 block to beach. Walk and bike to all the high-end restaurants, shopping, and art galleries. Lounge on your private 4-story high rooftop deck with 360 degree views of Los Angeles and the ocean.

Last Agent to Sell the Property

Willie Baronet

Coastal Vacation Estates, Inc. License #01503199 Listed on: 03/05/2022

Last Buyer's Agent

Sara Clephane

Compass License #01932072

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2000

Lot Details

  • Two or More Common Walls
  • Density is 16-20 Units/Acre

HOA Fees

  • $525 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Neighborhood

Interior Spaces

  • 1,210 Sq Ft Home
  • Beamed Ceilings
  • High Ceiling
  • Living Room
  • Home Office

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom | 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • High-Efficiency Water Heater

Community Details

  • 14 Units
  • Electric Lofts Association, Phone Number (310) 915-9595
  • Metro Property HOA

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 52522
  • Assessor Parcel Number 4239022049
  • $147 per year additional tax assessments

Property Details

Home Type

Condominium

Year Built

Built in 2000

Lot Details

0.33 Acres

HOA Fees

$525 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAC2
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 4239022049
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1210.00 Square Feet
  • Interior Amenities: Beamed Ceilings, High Ceilings
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Concrete
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1404.96
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom, Office
  • Bathroom Features: Bathtub, Shower In Tub, Walk-In Shower

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, High Efficiency Water Heater, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Trash
  • Association Fee: 525.00
  • Association Fee Frequency: Monthly
  • Association Name: Electric Lofts
  • Phone: 310-915-9595
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Suburban
  • Association Management: Metro Property

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 14390.00
  • Lot Size Acres: 0.3303

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14390.0000 Square Feet
  • Number Of Units Total: 14

Tax Info

  • Tax Census Tract: 2733.00
  • Tax Lot: 1
  • Tax Tract Number: 52522
  • TaxOtherAnnualAssessmentAmount: 147.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2022
Closed on
Mar 15, 2022
Sold by
Electric Avenue Loft 11 Llc
Bought by
Wen-Jen Hwu Revocable Living Trust
Seller's Agent
Willie Baronet
Coastal Vacation Estates, Inc.
Buyer's Agent
Sara Clephane
Compass
List Price
$1,700,000
Sold Price
$1,700,000
Current Estimated Value
$1,582,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$117,528
Avg. Annual Appreciation
-1.81%

Purchase Details

Closed on
Dec 11, 2015
Sold by
Manger Fritz and The Fritz Manger Revocable Tru
Bought by
Electric Avenue Loft #11 Llc

Purchase Details

Closed on
Feb 8, 2010
Sold by
Manger Fritz
Bought by
Manger Fritz and Fritz Manger Revocable Trust

Purchase Details

Closed on
Feb 12, 2009
Sold by
Laval Anne Eleonore and Anne Eleonore Laval Trust
Bought by
Manger Fritz

Purchase Details

Closed on
Jan 5, 2005
Sold by
Laval Ann
Bought by
Laval Anne Eleonore and Anne Eleonore Laval Trust

Purchase Details

Closed on
Mar 30, 2001
Sold by
Jeevanjee Mushtaq A and Jeevanjee Kamila
Bought by
Laval Ann

Purchase Details

Closed on
Feb 13, 2001
Sold by
Gto Electric Llc
Bought by
Jeevanjee Mushtaq A and Jeevanjee Kamila
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wen-Jen Hwu Revocable Living Trust $1,700,000 Stewart Title Company
Electric Avenue Loft #11 Llc -- Ticor Title Company
Manger Fritz -- None Available
Manger Fritz $1,000,000 Ticor Title Company Glendale
Laval Anne Eleonore -- --
Laval Ann $490,000 Orange Coast Title
Jeevanjee Mushtaq A $389,000 Orange Coast Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $1,700,000 0.0% $1,405 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $1,700,000 0.0% $1,405 / Sq Ft
12/28/2020 12/28/20 Rented $7,500 0.0% --
12/03/2020 12/03/20 For Rent $7,500 0.0% --
12/28/2019 12/28/19 Rented $7,500 -5.7% --
10/01/2019 10/01/19 For Rent $7,950 0.0% --
11/10/2018 11/10/18 Rented $7,950 0.0% --
10/06/2018 10/06/18 For Rent $7,950 +6.0% --
02/28/2018 02/28/18 Rented $7,500 0.0% --
01/03/2018 01/03/18 For Rent $7,500 +3.4% --
02/03/2017 02/03/17 Rented $7,250 0.0% --
01/05/2017 01/05/17 Price Changed $7,250 -9.4% $5 / Sq Ft
12/13/2016 12/13/16 Price Changed $8,000 -8.6% $5 / Sq Ft
11/14/2016 11/14/16 Price Changed $8,750 -2.8% $5 / Sq Ft
10/17/2016 10/17/16 Price Changed $9,000 -18.2% $6 / Sq Ft
09/25/2016 09/25/16 For Rent $11,000 0.0% --
03/01/2015 03/01/15 Rented $11,000 0.0% --
01/30/2015 01/30/15 Under Contract -- -- --
02/24/2014 02/24/14 For Rent $11,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,374 $1,804,052 $371,422 $1,432,630
2024 $21,374 $1,768,680 $364,140 $1,404,540
2023 $20,957 $1,734,000 $357,000 $1,377,000
2022 $20,571 $1,751,361 $747,396 $1,003,965
2021 $20,325 $1,717,022 $732,742 $984,280
2019 $19,709 $1,666,096 $711,009 $955,087
2018 $19,666 $1,633,428 $697,068 $936,360
2016 $13,076 $1,087,820 $924,650 $163,170
2015 $12,883 $1,071,481 $910,761 $160,720
2014 $12,924 $1,050,493 $892,921 $157,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22043333

California Regional Multiple Listing Service (CRMLS)

APN: 4239-022-049

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