NOT LISTED FOR SALE

1124 5th Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,861,356 - $2,202,000

2 Beds
2.5 Baths
1,839 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $1,815,000 $987 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $13,133/month

81 Days on Market

Highlights

  • Coastline Views
  • 24-Hour Security
  • Family Room with Fireplace
  • Venice High School Rated A
  • 0.24 Acre Lot
  • Loft

About This Home

As of November 2021

A simply gorgeous NY style architectural loft located in the heart of Venice next to Abbot Kinney Blvd & just blocks away from the World Famous Venice Beach! Designed by noted architect William Adams AIA. This is a beautiful and light filled end unit looking with soaring curved ceilings and skylights looking out to the Santa Monica Mountains and over concrete floors that create a perfect open plan creative space. Two bedrooms on opposite sides of the second floor and a large private patio with a sliding door and a peek-a-boo view through to the always bustling and popular Abbott Kinney Blvd. This property comes with 2 assigned parking spaces and guest parking. This property is a blank canvas for any buyer to make their own!

Last Agent to Sell the Property

Edward Hutchinson

Compass License #01994895 Listed on: 08/23/2021

Compass

Last Buyer's Agent

Edward Hutchinson

Compass License #01994895

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1999 | Remodeled

Lot Details

  • End Unit
  • West Facing Home
  • Gated Home

HOA Fees

  • $540 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Automatic Gate
  • Guest Parking
  • Parking Garage Space
  • Controlled Entrance

Property Views

  • Coastline
  • City Lights

Home Design

  • Split Level Home
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 1,839 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • High Ceiling
  • Skylights in Kitchen
  • Gas Fireplace
  • Double Pane Windows
  • Double Door Entry
  • Family Room with Fireplace
  • Dining Area
  • Loft
  • Security Lights

Kitchen

  • Open to Family Room
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch
  • Fire Pit

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4239-023-044

Community Details

Overview

  • Association fees include alarm system, trash
  • 6 Units
  • Association Phone (323) 462-8989
  • Maintained Community

Amenities

  • Picnic Area

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1999 | Remodeled

Lot Details

0

HOA Fees

$540 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Architectural
  • Street Number Display: Yes
  • Complex Name: City Lofts - Standard Management
  • Entry Floor: 1
  • Living Area: 1839
  • Lot Acreage: 0.2352
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1999
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Beamed Ceiling(s), Built-Ins
  • Fireplace Rooms: Family Room, Fire Pit, Gas
  • Flooring: Mixed
  • Appliances: Built-Ins, Cooktop - Gas
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: All Bedrooms Up, Master Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area, Kitchen Island, Family Room
  • Kitchen Features: Island, Open to Family Room, Skylight(s), Remodeled
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Gas Dryer Hookup, Microwave, Refrigerator, Washer
  • Price Per S Q F T: 1060.36
  • Windows: Double Pane Windows, Skylights

Exterior Features

  • Direction Faces: West
  • Other Features: End Unit, Double Door Entry, High Ceilings (9 Feet+), Slab, Balcony
  • Foundation Details: Slab
  • Patio: Balcony, Concrete Slab
  • Pool: No
  • Spa Yn: No
  • View: Coastline, City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Auto Driveway Gate, Community Garage, Controlled Entrance, Door Opener, Covered Parking
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Smoke Detector, T.V.
  • Water: In Street

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Guest Parking, Picnic Area, Security
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Alarm System, Trash
  • HOA Fees: 540.00
  • Phone: 3234628989|
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4239-023-044
  • Lot Description: Automatic Gate
  • Lot Location: Alley Access, City, Corner Lot
  • Lot Size Area: 10247

Rental Info

  • Furnished: Furnished Or Unfurnished

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Oct 11, 2021
Sold by
Fawkes On Armitage Llc
Bought by
1124 5Th Avenue Llc
Seller's Agent
Edward Hutchinson
Compass
Buyer's Agent
Edward Hutchinson
Compass
List Price
$1,950,000
Sold Price
$1,815,000
Premium/Discount to List
-$135,000
-6.92%
Current Estimated Value
$2,058,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,128
Avg. Annual Appreciation
2.11%

Purchase Details

Closed on
Nov 12, 2015
Sold by
Filipovich Marcus O and Filipovich Jessica N
Bought by
Fawkes On Armitage Llc

Purchase Details

Closed on
Jun 27, 2011
Sold by
Filipovich Marcus Orest
Bought by
Filipovich Marcus O and Filipovich Jessica N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,250
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2001
Sold by
Alston Kwaku Cinque
Bought by
Filipovich Marcus Orest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,200
Interest Rate
7.15%

Purchase Details

Closed on
Sep 21, 1999
Sold by
City Lofts Partners Llc
Bought by
Alston Kwaku Cinque

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,740
Interest Rate
7.87%
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
1124 5Th Avenue Llc $1,815,000 Fidelity National Title
Fawkes On Armitage Llc $1,595,000 Progressive
Filipovich Marcus O -- Chicago Title Company
Filipovich Marcus Orest $569,000 Southland Title Corporation
Alston Kwaku Cinque $386,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Filipovich Marcus O $365,250
Previous Owner Filipovich Marcus Orest $455,200
Previous Owner Alston Kwaku Cinque $308,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $1,815,000 -6.9% $987 / Sq Ft
08/23/2021 08/23/21 For Sale $1,950,000 0.0% $1,060 / Sq Ft
09/16/2014 09/16/14 Rented $5,600 -13.8% --
09/12/2014 09/12/14 Under Contract -- -- --
03/18/2014 03/18/14 For Rent $6,500 -- --
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 $22,874 $1,926,092 $546,522 $1,379,570
2024 $22,874 $1,888,326 $535,806 $1,352,520
2023 $22,429 $1,851,300 $525,300 $1,326,000
2022 $21,377 $1,815,000 $515,000 $1,300,000
2021 $20,707 $1,744,361 $1,219,413 $524,948
2019 $20,081 $1,692,625 $1,183,246 $509,379
2018 $20,023 $1,659,438 $1,160,046 $499,392
2016 $19,160 $1,595,000 $1,115,000 $480,000
2015 $8,403 $699,400 $427,753 $271,647
2014 $8,432 $685,700 $419,374 $266,326
Source: Public Records

Agents Affiliated with this Home

  • Edward Hutchinson

    Seller's Agent in 2021

    Edward Hutchinson

    Compass

    (310) 968-3752

    1 in this area

    4 Total Sales

    Edward Hutchinson
    Section Image
  • Felecia Wesley

    Seller's Agent in 2014

    Felecia Wesley

    Sotheby's International Realty

    (310) 256-6568

    1 in this area

    18 Total Sales

    Felecia Wesley
    Section Image
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Map

Source: The MLS

MLS Number: 21-768562

The MLS

APN: 4239-023-044

California Los Angeles County Venice 90291 Venice

1124 5th Ave, Venice, CA

Not Listed for Sale

Townhouses

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