NOT LISTED FOR SALE

1130 Electric Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,468,000 - $1,743,000

1 Bed
1.5 Baths
714 Sq Ft
$2,309/Sq Ft Est. Value

Last Sold September 26, 2023

Last sale price $1,520,000 $2,129 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,151/month

34 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Open Patio
  • Venice High School Rated A
  • Living Room
  • Bungalow

About This Home

As of September 2023

Don't miss the opportunity to own one of the most authentic properties located directly off of Abbot Kinney! This bright and soulful Venice bungalow is loaded with old school charm and character, and is located in one of the most desirable locations in all of Venice. The outdoor space is fantastic, from the sun drenched front deck to the beautiful zen backyard / gazebo area. Literally at the corner point of Electric and San Juan Avenue, the house sits just steps away from the most premier shops and restaurants that Southern California has to offer. Stroll or bike ride to the beach in minutes! This property is not to be missed. First showings will be Sunday, August 6th between 1:00 and 4:00PM, and we will also be open for Tuesday Brokers Caravan on August 8th between 11:00 and 2:00 PM. Don't miss this gem!

Last Agent to Sell the Property

David Fowler

Estate Properties License #01416501 Listed on: 08/04/2023

Estate Properties

Co-Listed By

Christian Bardarson

Westside Estate Agency Inc. License #02214147

Last Buyer's Agent

Claire Burns

Compass License #01381493

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1904 | Remodeled

Lot Details

  • 1,725 Sq Ft Lot
  • Lot Dimensions are 42x41
  • Property is zoned LARD1.5

Home Design

  • Bungalow

Interior Spaces

  • 714 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Powder Room

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4239-022-023

Home Details

Home Type

Single Family

Year Built

Built in 1904 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: Don't miss the opportunity to own one of the most authentic properties located directly off of Abbot Kinney! Aptly named The Boathouse by its current owner, this bright happy bungalow is loaded with old school charm and character, and is located in one of the most desirable locations in all of Venice. The outdoor space is fantastic, from the sun drenched front deck to the beautiful zen backyard / gazebo area. Literally at the corner point of Electric and San Juan Avenue, the house sits just steps away from the most premier shops and restaurants that Southern California has to offer. Stroll or bike ride to the beach in minutes! This property is not to be missed.
  • Living Area: 714
  • Lot Acreage: 0.0396
  • Lot Dimensions: 42x41
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1904
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Hood Fan, Range/Oven, Refrigerator, Washer, Dryer
  • Price Per S Q F T: 2099.44

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4239-022-023
  • Lot Size Area: 1725

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2023
Closed on
Sep 12, 2023
Sold by
Malik Ammar Sarwar
Bought by
Jen Bilik Separate Property Trust and Bilik
Seller's Agent
David Fowler
Estate Properties
Buyer's Agent
Claire Burns
Compass
List Price
$1,499,000
Sold Price
$1,520,000
Premium/Discount to List
$21,000
1.4%
Views
140
Current Estimated Value
$1,648,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,270
Avg. Annual Appreciation
3.62%

Purchase Details

Closed on
Jan 13, 2017
Sold by
Weiss Jeffrey G and The Jeffrey G Weiss Living Tru
Bought by
Malik Ammar Sarwar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,650
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 21, 2016
Sold by
Weiss Jeff
Bought by
Weiss Jeffrey G and The Jeffrey G Weiss Living Tru

Purchase Details

Closed on
Feb 10, 2010
Sold by
Montgomery Mary L and The Cain Davis Revocable Livin
Bought by
Weiss Jeff

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
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2008
Sold by
Montgomery Mary L and Cain Davis Revocable Living Tr
Bought by
Montgomery Mary L and Cain Davis Revocable Living Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jen Bilik Separate Property Trust $1,520,000 Progressive Title Company
Malik Ammar Sarwar $1,179,500 Title 365
Weiss Jeffrey G -- None Available
Weiss Jeff $450,000 Lawyers Title Company
Montgomery Mary L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malik Ammar Sarwar $825,650
Previous Owner Weiss Jeff $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2023 09/26/23 Sold $1,520,000 +1.4% $2,129 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $1,499,000 -- $2,099 / 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 $18,382 $1,550,400 $1,240,320 $310,080
2024 $18,382 $1,520,000 $1,216,000 $304,000
2023 $15,931 $1,315,750 $1,052,602 $263,148
2022 $15,185 $1,289,952 $1,031,963 $257,989
2021 $15,004 $1,264,660 $1,011,729 $252,931
2019 $14,551 $1,227,151 $981,721 $245,430
2018 $14,506 $1,203,090 $962,472 $240,618
2016 $5,954 $490,679 $392,545 $98,134
2015 $5,867 $483,309 $386,649 $96,660
2014 $5,891 $473,843 $379,076 $94,767
Source: Public Records

Agents Affiliated with this Home

  • David Fowler

    Seller's Agent in 2023

    David Fowler

    Estate Properties

    (310) 383-5926

    1 in this area

    22 Total Sales

    David Fowler
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Christian Bardarson

    Westside Estate Agency Inc.

    (310) 247-7770

    1 in this area

    3 Total Sales

    Christian Bardarson
    Section Image
  • Claire Burns

    Buyer's Agent in 2023

    Claire Burns

    Compass

    (310) 880-5288

    10 in this area

    82 Total Sales

    Claire Burns
    Section Image
  • Rebecca Davis

    Buyer Co-Listing Agent in 2023

    Rebecca Davis

    Compass

    (310) 418-8091

    9 in this area

    80 Total Sales

    Rebecca Davis
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-296479

The MLS

APN: 4239-022-023

California Los Angeles County Venice 90291 Venice

1130 Electric Ave, Venice, CA

Not Listed for Sale

Detached

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