NOT LISTED FOR SALE

1113 Electric Ave Unit 8 Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,444,000 - $2,705,000

1 Bed
1.5 Baths
1,210 Sq Ft
$1,535/Sq Ft Est. Value

Last Sold June 24, 2019

Last sale price $1,735,000 $1,434 Per Sq Ft

Current estimated payment $11,862/month

5 Days on Market

Highlights

  • City Lights View
  • Home Office
  • Living Room
  • Venice High School Rated A
  • 2 Car Direct Access Garage
  • Open Patio

About This Home

As of June 2019

Exquisitely designed, contemporary tri-level loft in prime Venice location steps from Abbot Kinney's finest shops and restaurants, all while only two blocks from the beach! Experience the true Venice lifestyle in the heart of the Abbot Kinney District and soak in the sensational 360~ views from the sun-drenched roof-deck. This live/work space features soaring 20 ft. ceilings, polished concrete and wood floors, a custom gourmet kitchen and the added luxury of high-tech home automation feature such as Lutron lighting. Complete with a large 2-car direct access garage and laundry area, this loft has everything you need for a Venice Beach Experience.

Last Agent to Sell the Property

Diana Braun

Compass License #01362342 Listed on: 05/20/2019

Compass

Last Buyer's Agent

Diana Braun

Compass License #01362342 Listed on: 05/20/2019

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $22,919

Year Built

  • Built in 2000

Lot Details

  • 0.33

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage

Interior Spaces

  • 1,210 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Home Office
  • City Lights Views
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4239-022-046

Community Details

Overview

  • 13 Units

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$22,919

Year Built

Built in 2000

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: Electric Lofts
  • Entry Floor: 1
  • Living Area: 1210
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 2000
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1483.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Direct Entrance, Private Garage
  • Total Parking: 2

Utilities

  • Heating: Wall
  • Security: Prewired for alarm system

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 475.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4239-022-046
  • Geocode Override: Yes

Multi Family

  • Number Of Units: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Jun 10, 2019
Sold by
Barnett Guy
Bought by
Isackson Robert K and Isackson Shellan T
Seller's Agent
Diana Braun
Compass
Buyer's Agent
Diana Braun
Compass
List Price
$1,795,000
Sold Price
$1,735,000
Premium/Discount to List
-$60,000
-3.34%
Current Estimated Value
$1,739,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,354
Avg. Annual Appreciation
1.12%
Original Mortgage
$1,214,500
Outstanding Balance
$1,044,282
Interest Rate
2.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$813,644

Purchase Details

Listed on
Oct 1, 2015
Closed on
Feb 8, 2016
Sold by
Park Anthony
Bought by
Barnett Guy
Seller's Agent
Sabine Pleissner
Compass
Buyer's Agent
Diana Braun
Compass
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%
Original Mortgage
$825,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2015
Sold by
Park James
Bought by
Park Anthony Alexander

Purchase Details

Closed on
Aug 24, 2011
Sold by
Eckersley Louisa
Bought by
Park James

Purchase Details

Closed on
Jun 1, 2006
Sold by
Bee Megan
Bought by
Eckersley Louisa

Purchase Details

Closed on
Apr 19, 2005
Sold by
Bee Megan M and Megan M Bee Living Trust
Bought by
Bee Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 16, 2003
Sold by
Weiss Eric A
Bought by
Bee Megan M and The Megan M Bee Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2001
Sold by
Gto Electric Llc
Bought by
Weiss Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,200
Interest Rate
7.62%
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
Isackson Robert K $1,735,000 First American Title Company
Barnett Guy $1,650,000 Priority Title
Park Anthony Alexander $1,200,000 None Available
Park James $800,000 Lawyers Title
Eckersley Louisa $1,050,000 Southland Title
Bee Megan -- Southland Title
Bee Megan -- Lawyers Title Company
Bee Megan -- Lawyers Title Company
Bee Megan M $610,000 Southland Title Corporation
Weiss Eric A $394,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isackson Robert K $1,214,500
Previous Owner Barnett Guy $825,000
Previous Owner Bee Megan $200,000
Previous Owner Bee Megan M $488,000
Previous Owner Weiss Eric A $120,000
Previous Owner Weiss Eric A $315,200
Closed Weiss Eric A $39,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $1,735,000 -3.3% $1,434 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $1,795,000 0.0% $1,483 / Sq Ft
12/19/2017 12/19/17 Rented $8,000 0.0% --
11/27/2017 11/27/17 Under Contract -- -- --
10/20/2017 10/20/17 For Rent $8,000 0.0% --
05/03/2017 05/03/17 Rented $8,000 0.0% --
04/13/2017 04/13/17 For Rent $8,000 0.0% --
03/30/2016 03/30/16 Sold $1,650,000 0.0% $1,364 / Sq Ft
10/30/2015 10/30/15 Off Market $1,650,000 -- --
10/01/2015 10/01/15 For Sale $1,650,000 -- $1,364 / 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 $22,919 $1,935,421 $1,115,517 $819,904
2024 $22,919 $1,897,473 $1,093,645 $803,828
2023 $22,471 $1,860,268 $1,072,201 $788,067
2022 $21,415 $1,823,793 $1,051,178 $772,615
2021 $21,160 $1,788,033 $1,030,567 $757,466
2019 $20,706 $1,750,992 $742,845 $1,008,147
2018 $20,661 $1,716,660 $728,280 $988,380
2016 $10,228 $848,830 $636,623 $212,207
2015 $10,077 $836,081 $627,061 $209,020
2014 $10,111 $819,704 $614,778 $204,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-467192

The MLS

APN: 4239-022-046