NOT LISTED FOR SALE

1359 Preston Way Venice, CA 90291

Venice Neighborhood

Estimated Value: $2,900,000 - $7,269,000

3 Beds
2 Baths
1,240 Sq Ft
$4,423/Sq Ft Est. Value

Last Sold December 24, 2013

Last sale price $1,600,000 $1,290 Per Sq Ft

Est. 243% increase in value since last sale

Current estimated payment $33,011/month

7 Days on Market

Highlights

  • 10,960 Sq Ft lot
  • Room in yard for a pool
  • Traditional Architecture
  • Venice High School Rated A
  • Living Room with Fireplace
  • Wood Flooring

About This Home

As of December 2013

Live here or build your dream compound in this 2 Bdrm/2 Bath home located on an expansive lot at almost 11,000 sq.ft! Nestled in the "Big Lot" streets of Venice, this home offers endless possibilities! Already complete with a functional floor-plan that opens to an amazing and sprawling yard with a detached 2 car garage. Live now and expand later or create the family compound you have always wanted. Seller has plans ready for Buyer to submit to the city for a beautiful 5,200 sq.ft architectural home! Seconds to Abbot Kinney, the Beach & Rose- you are in the heart of it all. A rare chance to own one of the largest lots of Venice - this will go fast! See private remarks.

Last Agent to Sell the Property

Tamra Pardee

Pardee Properties License #01421451 Listed on: 11/08/2013

Last Buyer's Agent

Tamra Pardee

Pardee Properties License #01421451 Listed on: 11/08/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,182

Year Built

  • Built in 1945

Lot Details

  • 0.25 Acre Lot
  • Tear Down
  • Property is zoned LAR1

Home Design

  • Traditional Architecture
  • Fixer Upper

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Oven or Range
  • Laundry in Garage

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Car Attached Garage
  • Side by Side Parking
  • Driveway

Outdoor Features

  • Room in yard for a pool
  • Covered Patio or Porch

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4244-025-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,182

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1240
  • Planned Urban Dev: 0
  • Property Condition: Fixer, Tear Down
  • Stories: 1
  • Year Built: 1945
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 1286.29

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage Is Detached, Side By Side
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4244-025-011
  • Geocode Override: No
  • Lot Size Area: 10960

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2014
Sold by
Galker Andrew L
Bought by
Galker 2014 Family Trust
Current Estimated Value
$5,484,685

Purchase Details

Listed on
Nov 8, 2013
Closed on
Dec 10, 2013
Sold by
Romano Mario
Bought by
Galker Andrew L and Nikravesh Galker Tannaz
Seller's Agent
Tamra Pardee
Pardee Properties
Buyer's Agent
Tamra Pardee
Pardee Properties
List Price
$1,595,000
Sold Price
$1,600,000
Premium/Discount to List
$5,000
0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$1,100,000
Outstanding Balance
$825,729
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,658,956

Purchase Details

Listed on
Apr 4, 2013
Closed on
May 7, 2013
Sold by
Romano Anya
Bought by
Romano Mario
Seller's Agent
Andre J. Cavin
Sandpiper Properties
Buyer's Agent
Jack Bitton
Power Brokers
List Price
$1,275,000
Sold Price
$1,265,000
Premium/Discount to List
-$10,000
-0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.07%
Original Mortgage
$660,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 4, 2013
Closed on
Apr 10, 2013
Sold by
Gomez Agustin
Bought by
Romano Mario and Gunnlaugson Arnar
Seller's Agent
Andre J. Cavin
Sandpiper Properties
Buyer's Agent
Jack Bitton
Power Brokers
List Price
$1,275,000
Sold Price
$1,265,000
Premium/Discount to List
-$10,000
-0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 7, 2007
Sold by
Gomez Agustin and Gomez Augustine
Bought by
Gomez Agustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.73%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Galker 2014 Family Trust -- None Available
Galker Andrew L $1,600,000 Fidelity National Title Co
Romano Mario -- Western Resources Title Comm
Romano Mario $1,265,000 Western Resources Title Comm
Gomez Agustin -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galker Andrew L $1,100,000
Previous Owner Romano Mario $660,000
Previous Owner Gomez Agustin $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2013 12/24/13 Sold $1,600,000 +0.3% $1,290 / Sq Ft
11/15/2013 11/15/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $1,595,000 +26.1% $1,286 / Sq Ft
05/13/2013 05/13/13 Sold $1,265,000 -0.8% $1,020 / Sq Ft
04/05/2013 04/05/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $1,275,000 -- $1,028 / 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 $47,182 $3,952,359 $1,961,377 $1,990,982
2024 $47,182 $3,874,863 $1,922,919 $1,951,944
2023 $46,263 $3,798,886 $1,885,215 $1,913,671
2022 $44,103 $3,724,399 $1,848,250 $1,876,149
2021 $43,568 $3,651,372 $1,812,010 $1,839,362
2019 $42,257 $3,543,072 $1,758,266 $1,784,806
2018 $42,003 $3,473,601 $1,723,791 $1,749,810
2016 $19,925 $1,656,855 $1,501,525 $155,330
2015 $19,697 $1,631,968 $1,478,971 $152,997
2014 $19,758 $1,600,000 $1,450,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Andre J. Cavin

    Sandpiper Properties

  • Tamra Pardee

    Seller's Agent in 2013

    Tamra Pardee

    Pardee Properties

    (310) 907-6517

    255 in this area

    906 Total Sales

    Tamra Pardee
    Section Image
  • Jack Bitton

    Buyer's Agent in 2013

    Jack Bitton

    Power Brokers

    (310) 481-6262

    10 Total Sales

    Jack Bitton
    Section Image
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Map

Source: The MLS

MLS Number: 13-717101

The MLS

APN: 4244-025-011

California Los Angeles County Venice 90291 Venice

1359 Preston Way, Venice, CA

This home is located at 1359 Preston Way, Venice, CA 90291 since 08 November 2013 and is currently estimated at $5,484,685, approximately $4,423 per square foot. This property was built in 1945. 1359 Preston Way is a home located in Los Angeles County with nearby schools including Walgrove Avenue Elementary, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 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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