NOT LISTED FOR SALE

1305 Ocean Front Walk Venice, CA 90291

Venice Neighborhood

Estimated Value: $12,270,753

Studio
1 Bath
350 Sq Ft
4,215 Sq Ft Lot Lot

Sale Details

Date Sold: March 22, 2019

Last sale price $11,550,000 $33,000 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $79,666 / mo

Highlights

  • Ocean View
  • Wood Flooring
  • Ceiling Fan
  • Venice High School Rated A
  • Resident Manager or Management On Site
  • 2-minute walk to Westminster Dog Park

About This Home

As of August 2019

The "Potter" building is a historic monument with charm and character!! OCEAN VIIEWS!! ON THE VENICE BOARDWALK!! Location does not get much better than this. Move in ASAP to settle in before Summer. All units are Studios and ready for immediate move in. Rents start at 2280 and go up to 3550 depending on unit size and floor. Roof Top Deck! Do not miss out on this opportunity to live in the heart of Venice Beach. WIFI, DIRECTV included in rent! Units available on a first come basis. 30 day minimum leases and longer available.

Last Agent to Rent the Property

Jacob Cohan

JCA Realty, Inc. License #01861582 Listed on: 03/12/2019

Last Renter's Agent

Jacob Cohan

JCA Realty, Inc. License #01861582 Listed on: 03/12/2019

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1912

Lot Details

  • 4,215

Interior Spaces

  • 1 Full Bathroom
  • 350 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Ocean Views

Utilities

  • Heating Available

Listing and Financial Details

  • Security Deposit $2,480
  • 12 Month Lease Term
  • Assessor Parcel Number 4226-006-002

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Low-Rise Community
  • Laundry Facilities
  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Year Built

Built in 1912

Lot Details

4,215 Sq Ft Lot

Rental Info

  • Furnished: Furnished Or Unfurnished
  • Security Deposit: 2480

Listing Details

  • Property Type: Residential Lease
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 350
  • Probate: No
  • Stories: 4
  • Year Built: 1912
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Wood
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Community
  • Total Bathrooms: 1.00
  • Equipment: Elevator
  • Price Per S Q F T: 7.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Ocean
  • View: Yes

Utilities

  • Cooling: Ceiling Fan
  • Heating: Electric
  • Security: Resident Manager

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4226-006-002
  • Geocode Override: No
  • Lot Size Area: 4215

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 12, 2019
Sold by
Venice Beach Suites Llc
Bought by
Boardwalk Capital Partners Llc and Faramarzi Investments Llc
Seller's Agent
Francyne Lambert
Lambert Investments, Inc.
Buyer's Agent
Francyne Lambert
Lambert Investments, Inc.
List Price
$13,500,000
Sold Price
$11,550,000
Premium/Discount to List
-$1,950,000
-14.44%
Current Estimated Value
$12,270,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,753
Avg. Annual Appreciation
0.85%
Original Mortgage
$7,507,000
Outstanding Balance
$6,599,931
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$5,670,822

Purchase Details

Closed on
Sep 4, 2002
Sold by
Layman Andy and Layman Rose Marie
Bought by
Venice Beach Suites Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
6.16%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Boardwalk Capital Partners Llc $11,550,000 Old Republic Title Company
Venice Beach Suites Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Boardwalk Capital Partners Llc $7,507,000
Previous Owner Venice Beach Suites Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2019 08/22/19 Rented $2,480 0.0% --
05/04/2019 05/04/19 Price Changed $2,480 0.0% $7 / Sq Ft
03/22/2019 03/22/19 Sold $11,550,000 0.0% -- View Prior Sale
03/12/2019 03/12/19 For Rent $2,280 0.0% --
02/13/2019 02/13/19 Pending -- -- --
02/11/2019 02/11/19 Price Changed $12,500,000 -7.4% --
01/25/2019 01/25/19 For Sale $13,500,000 -- --
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 $159,103 $12,884,240 $6,693,113 $6,191,127
2024 $157,273 $12,631,609 $6,561,876 $6,069,733
2023 $154,090 $12,383,931 $6,433,212 $5,950,719
2022 $147,050 $12,141,110 $6,307,071 $5,834,039
2021 $145,338 $11,903,050 $6,183,403 $5,719,647
2019 $34,602 $2,490,597 $1,372,994 $1,117,603
2018 $34,299 $2,441,903 $1,346,073 $1,095,830
2016 $28,253 $2,235,191 $1,293,804 $941,387
2015 $27,857 $2,156,617 $1,274,370 $882,247
2014 $27,508 $2,114,372 $1,249,407 $864,965
Source: Public Records

Agents Affiliated with this Home

  • Francyne Lambert

    Seller's Agent in 2019

    Francyne Lambert

    Lambert Investments, Inc.

    (310) 720-9299

    4 in this area

    15 Total Sales

    Francyne Lambert
    Section Image

  • J

    Landlord's Agent in 2019

    Jacob Cohan

    JCA Realty, Inc.

    (310) 779-9500

    1 Total Sale

    Jacob Cohan
    Section Image
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Map

Source: The MLS

MLS Number: 19-443366

The MLS

APN: 4226-006-002

California Los Angeles County Venice 90291 Venice

1305 Ocean Front Walk, Venice, CA

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