NOT LISTED FOR SALE

1176 Nelrose Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,591,000 - $4,027,677

9 Beds
7.5 Baths
5,583 Sq Ft
$588/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $3,696,000 $662 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $21,260/month

132 Days on Market

Highlights

  • New Construction
  • Tandem Parking
  • Tankless Water Heater
  • Venice High School Rated A
  • Card or Code Access
  • Central Heating and Cooling System

About This Home

As of October 2023

The Kinney on Nelrose the"Property", a newly constructed three unit luxury townhome building. Designed by KurtGibbs of GIBBS Architects, this remarkable property is located at 1176 Nelrose Avenue in the esteemed neighborhood of Venice, California. Completed in 2023, the building spans 5,583 square feet and is situated on a 4,399 square foot lot. Each unit boasts three bedrooms, two and a half bathrooms, and showcases meticulous craftsmanship with bespoke finishes. The residences are equipped with top-of-the-line Bertazonni appliances and feature the added convenience of private elevators. The property is not subject to any form of rent control regulations, providing an advantageous opportunity for investors or owner-users to adjust rents to market rates annually, thereby maximizing their return on investment.

Last Agent to Sell the Property

John Swartz

Compass License #01873487 Listed on: 06/06/2023

Compass

Co-Listed By

Scott Syme Jr.

Compass License #02007311

Last Buyer's Agent

Sevan Petrossian

Pinnacle Estate Properties License #01989049

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 4,399 Sq Ft Lot

Home Design

  • Split Level Home

Interior Spaces

  • 5,583 Sq Ft Home
  • 3-Story Property
  • Elevator

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7.5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Driveway
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 3 Units
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 4236-002-019

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

4,399 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5583
  • Lot Acreage: 0.1010
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2023
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 7.50
  • Equipment: Dishwasher, Dryer, Elevator, Microwave, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 715.57

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Covered Parking, Driveway, Tandem
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Card/Code Access

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 273095
  • Assessed Land Percent: 80
  • Assessed Land Value: 1092384
  • Total Assessed Value: 1365479
  • Assessor Parcel Number: 4236-002-019
  • Lot Size Area: 4399

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.48
  • Number Of Units: 3
  • Type Of Units: Townhomes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Sep 29, 2023
Sold by
Hip Hea Productions Llc
Bought by
1176 Nelrose Avenue Llc
Seller's Agent
John Swartz
Compass
Buyer's Agent
Sevan Petrossian
Pinnacle Estate Properties
List Price
$3,995,000
Sold Price
$3,696,000
Premium/Discount to List
-$299,000
-7.48%
Views
56
Current Estimated Value
$3,284,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$411,331
Avg. Annual Appreciation
-4.70%
Original Mortgage
$2,000,000
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 27, 2018
Closed on
Sep 10, 2018
Sold by
Jeannette Wijakainen
Bought by
Hip Hea Productions Llc
Seller's Agent
Noelle Longmeyer
Y Realty
Buyer's Agent
Henry Dodge
Henry Dodge Properties, Inc
List Price
$1,299,900
Sold Price
$1,299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.14%

Purchase Details

Closed on
Oct 16, 2006
Sold by
Wiljakainen Alan A
Bought by
Wiljakainen Jeannette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2000
Sold by
Dupre Aurelle G Trust
Bought by
Wiljakainen Jeannette

Purchase Details

Closed on
May 5, 1999
Sold by
Dupre Aurelle G
Bought by
Dupre Aurella G and The Aurelle G Dupre Trust
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
1176 Nelrose Avenue Llc $3,696,000 Fidelity National Title
Hip Hea Productions Llc $1,300,000 First American Title Company
Wiljakainen Jeannette -- Fidelity National Title Co
Wiljakainen Jeannette -- --
Dupre Aurella G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 1176 Nelrose Avenue Llc $2,000,000
Previous Owner Wiljakainen Jeannette $75,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2023 10/16/23 Sold $3,696,000 -7.5% $662 / Sq Ft
06/06/2023 06/06/23 For Sale $3,995,000 +207.3% $716 / Sq Ft
10/11/2018 10/11/18 Sold $1,299,900 0.0% $1,498 / Sq Ft View Prior Sale
09/09/2018 09/09/18 Pending -- -- --
08/27/2018 08/27/18 For Sale $1,299,900 -- $1,498 / Sq Ft
Source: The MLS

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 $44,491 $3,769,920 $2,244,000 $1,525,920
2024 $44,491 $3,696,000 $2,200,000 $1,496,000
2023 $16,859 $1,392,787 $1,114,231 $278,556
2022 $16,070 $1,365,479 $1,092,384 $273,095
2021 $15,949 $1,338,706 $1,070,965 $267,741
2019 $15,469 $1,299,000 $1,039,200 $259,800
2018 $3,744 $306,615 $270,155 $36,460
2016 $3,576 $294,711 $259,665 $35,046
2015 $3,524 $290,285 $255,765 $34,520
2014 $3,543 $284,599 $250,755 $33,844
Source: Public Records

Agents Affiliated with this Home

  • John Swartz

    Seller's Agent in 2023

    John Swartz

    Compass

    (310) 922-9668

    1 in this area

    20 Total Sales

    John Swartz
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Scott Syme Jr.

    Compass

    Section Image
  • Sevan Petrossian

    Buyer's Agent in 2023

    Sevan Petrossian

    Pinnacle Estate Properties

    (818) 993-7370

    2 in this area

    78 Total Sales

    Sevan Petrossian
    Section Image
  • Noelle Longmeyer

    Seller's Agent in 2018

    Noelle Longmeyer

    Y Realty

    (714) 514-5643

    94 Total Sales

    Noelle Longmeyer
    Section Image
  • Henry Dodge

    Buyer's Agent in 2018

    Henry Dodge

    Henry Dodge Properties, Inc

    (310) 487-0835

    13 Total Sales

    Henry Dodge
    Section Image
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Map

Source: The MLS

MLS Number: 23-277601

The MLS

APN: 4236-002-019

California Los Angeles County Venice 90291 Venice

1176 Nelrose Ave, Venice, CA

Not Listed for Sale

MultiFamily

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