Seller's Agent in 2024
Emmanuel Xuereb
Compass
(323) 559-9000
7 in this area
51 Total Sales
1128 5th Ave Venice, CA 90291
Venice Neighborhood
2
Beds
2.5
Baths
1,753
Sq Ft
$648/mo
HOA Fee
Highlights
- Gated Parking
- Skyline View
- Living Room with Fireplace
- Venice High School Rated A
- 0.24 Acre Lot
- High Ceiling
About This Home
As of July 2024NYC, Soho Loft comes to Abbot Kinney, Venice. Welcome to this magnificent sunset facing, indoor/outdoor living, sexy, sun-soaked New York Style loft in the heart of Venice, one block from Abbot Kinney Blvd with its hip and trendy restaurants and shops, plus a short walk to the beach! This modern, conveniently located home offers a rare opportunity to experience the vibrant lifestyle that Venice has to offer all the while being on a quiet street with swaying palm trees. This 2 bedroom, 3 bathroom loft designed by local architect, Bill Adams, features impossibly high ceilings with skylights that flood the space with sunlight. The open design, accentuated by exposed wood beams and polished concrete floors, creates an artsy vibe, and yet remains very homey at the same time. The primary bedroom has an ensuite large ritzy hotel style bathroom with dual sinks. Part of the upstairs loft has been divided into a second space that serves as a bedroom and office catering to versatile live/work arrangements. The second bedroom/work space and one bath is not on public record but work seamlessly. The open living space is ideal for entertaining friends with its large kitchen island, dining room and living room that spills out onto a private outdoor patio which is lit up every night with gorgeous sunsets, or to cozy up to the fireplace and watch your favorite movies. This home is located steps away from Abbot Kinney and all that it has to offer: fun and highly reviewed restaurants, boutiques, art galleries. Grab your surfboard, jump on your bike and ride down to the beach for some head clearing me-time. This is the Venice home you've been dreaming about since you moved to LA. Don't let it pass you by! Please note that appraiser measured the property at 1,570 sft, and on title is shows 1,753sft. It is thought that the extra square footage may be taking into account the open space on the second level that may be able to be turned into part of the 2nd floor square footage, but not confirmed.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $22,212
Year Built
- Built in 1999
Lot Details
- West Facing Home
- Gated Home
HOA Fees
- $648 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
- Gated Parking
- Guest Parking
Home Design
- Split Level Home
- Entry on the 1st floor
Interior Spaces
- 1,753 Sq Ft Home
- High Ceiling
- French Doors
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room
- Concrete Flooring
- Skyline Views
Kitchen
- Oven
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 2 Bedrooms
- Converted Bedroom
Laundry
- Laundry in unit
- Dryer
- Washer
Outdoor Features
- Living Room Balcony
- Open Patio
Utilities
- Air Conditioning
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 4239-023-042
Community Details
Overview
- 6 Units
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2024
Closed on
Jun 28, 2024
Sold by
Toh Lucan
Bought by
Expo Fredfelix Llc
Seller's Agent
Emmanuel Xuereb
Compass
Buyer's Agent
Emmanuel Xuereb
Compass
List Price
$1,999,000
Sold Price
$1,990,000
Premium/Discount to List
-$9,000
-0.45%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,144
Avg. Annual Appreciation
-1.97%
Original Mortgage
$1,330,000
Outstanding Balance
$1,313,962
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$625,894
Purchase Details
Closed on
Jun 6, 2019
Sold by
Toh Sophie and Ton Lucan
Bought by
Toh Lucan
Purchase Details
Listed on
Sep 13, 2016
Closed on
Oct 25, 2016
Sold by
Kranz Francis Elliott
Bought by
Toh Lucan and Toh Sophie
Seller's Agent
Edward Hutchinson
Compass
Buyer's Agent
Edward Hutchinson
Compass
List Price
$1,625,000
Sold Price
$1,610,700
Premium/Discount to List
-$14,300
-0.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$966,400
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 4, 2009
Sold by
Nelson Scott Douglas
Bought by
Kranz Francis Elliott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 21, 1999
Sold by
City Lofts Partners Llc
Bought by
Nelson Scott Douglas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.86%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,990,000 | Consumers Title Company | |
| Divorce Dissolution Of Marriage Transfer | -- | None Available | |
| Grant Deed | $1,611,000 | Fidelity National Title Co | |
| Grant Deed | $875,000 | California Title Company | |
| Grant Deed | $370,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,330,000 | New Conventional | |
| Previous Owner | $966,400 | New Conventional | |
| Previous Owner | $485,000 | New Conventional | |
| Previous Owner | $296,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/05/2024 07/05/24 | Sold | $1,990,000 | -0.5% | $1,135 / Sq Ft | |
| 06/05/2024 06/05/24 | Pending | -- | -- | -- | |
| 05/30/2024 05/30/24 | For Sale | $1,999,000 | +24.1% | $1,140 / Sq Ft | |
| 10/31/2016 10/31/16 | Sold | $1,610,700 | -0.9% | $919 / Sq Ft | View Prior Sale |
| 09/27/2016 09/27/16 | For Sale | $1,625,000 | 0.0% | $927 / Sq Ft | |
| 09/16/2016 09/16/16 | Pending | -- | -- | -- | |
| 09/13/2016 09/13/16 | For Sale | $1,625,000 | -- | $927 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $22,212 | $1,990,000 | $1,627,800 | $362,200 |
| 2024 | $22,212 | $1,833,039 | $1,137,828 | $695,211 |
| 2023 | $21,779 | $1,797,098 | $1,115,518 | $681,580 |
| 2022 | $20,759 | $1,761,862 | $1,093,646 | $668,216 |
| 2021 | $20,507 | $1,727,316 | $1,072,202 | $655,114 |
| 2019 | $22,852 | $1,928,554 | $1,040,400 | $888,154 |
| 2018 | $19,830 | $1,643,220 | $1,020,000 | $623,220 |
| 2016 | $11,522 | $954,105 | $695,462 | $258,643 |
| 2015 | $11,352 | $939,774 | $685,016 | $254,758 |
| 2014 | $11,390 | $921,366 | $671,598 | $249,768 |
Source: Public Records
Agents Affiliated with this Home
-
Emmanuel Xuereb
-
Salvator Xuereb
Seller Co-Listing Agent in 2024
Salvator Xuereb
Compass
(323) 447-0385
7 in this area
51 Total Sales
-
Edward Hutchinson
Seller's Agent in 2016
Edward Hutchinson
Compass
(310) 968-3752
2 in this area
4 Total Sales
-
David Berg
Seller Co-Listing Agent in 2016
David Berg
Compass
(310) 500-3931
20 in this area
400 Total Sales
-
D
Buyer Co-Listing Agent in 2016
David Johnstone
Oak + Main, Inc.
Map
Source: The MLS
MLS Number: 24-397763
APN: 4239-023-042
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© 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.
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