NOT LISTED FOR SALE

1378 Preston Way Venice, CA 90291

Venice Neighborhood

Estimated Value: $6,337,888 - $7,032,000

5 Beds
3 Baths
1,786 Sq Ft
$3,768/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $1,590,000 $890 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $41,307/month

13 Days on Market

Highlights

  • Views of Trees
  • 10,891 Sq Ft lot
  • Breakfast Area or Nook
  • Venice High School Rated A
  • Wood Flooring
  • 6 Car Attached Garage

About This Home

As of September 2013

This amazing property is located in the desirable Venice area and offers an opportunity you can't resist! This home has been with the same family for over sixty years,with 2 homes on a huge lot this income property is a great buy for any family or investor! Tenant occupied, please do not disturb tenants. Front house address is 1380 Preston Way.

Last Agent to Sell the Property

Susan Brom

eXp Realty of Greater Los Angeles License #01802432 Listed on: 07/25/2013

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Holly Messer

License #01847879

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,476

Year Built

  • Built in 1954

Lot Details

  • 0.25 Acre Lot
  • Property is zoned LAR1

Interior Spaces

  • 1,786 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring
  • Views of Trees
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Car Attached Garage
  • Driveway

Community Details

Listing and Financial Details

  • Assessor Parcel Number 4244-028-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,476

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Living Area: 1786
  • Stories: 1
  • Year Built: 1954
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Mixed
  • Bedrooms: 5
  • Fireplaces: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 895.30

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Garage, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Combination

Lot Info

  • Assessor Parcel Number: 4244-028-021
  • Geocode Override: No
  • Lot Size Area: 10891

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2020
Sold by
Reed Jeffrey James and Jfr Jjr Revocable Trust
Bought by
Patwardhan Dhananjay V and Patwardhan Katie
Current Estimated Value
$6,730,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,672,500
Outstanding Balance
$3,186,778
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$3,543,694

Purchase Details

Closed on
Apr 1, 2016
Sold by
Reed Jeffrey
Bought by
Reed Jeffrey James and Jfr Jjr Revocable Trust

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
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 2, 2014
Sold by
Reed Audrey
Bought by
Reed James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Interest Rate
4.23%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 1, 2014
Sold by
Reed Jeffrey
Bought by
Reed Jeffrey and Reed James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Interest Rate
4.23%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 31, 2014
Sold by
Reed Jacqueline Tsang
Bought by
Reed Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,058,000
Interest Rate
4.23%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 25, 2013
Closed on
Aug 8, 2013
Sold by
Robinson Jeffrey Bennett
Bought by
Reed Jeffrey and Reed James
Seller's Agent
Susan Brom
eXp Realty of Greater Los Angeles
Buyer's Agent
Holly Messer
List Price
$1,599,000
Sold Price
$1,590,000
Premium/Discount to List
-$9,000
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%

Purchase Details

Closed on
Jan 14, 1999
Sold by
Robinson Pauline K
Bought by
Robinson Jeffrey Bennett and Pauline K Robinson Trust
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
Patwardhan Dhananjay V $5,650,000 Usa National Title Co
Reed Jeffrey James -- Nations Title Company
Reed James F -- Fidelity National Title Oran
Reed Jeffrey -- Fidelity National Title Oran
Reed Jeffrey -- Fidelity National Title Oran
Reed Jeffrey $1,590,000 Lawyers Title Company
Robinson Jeffrey Bennett -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patwardhan Dhananjay V $3,672,500
Previous Owner Reed Jeffrey James $2,500,000
Previous Owner Reed Jeffrey $2,058,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2013 09/06/13 Sold $1,590,000 -0.6% $890 / Sq Ft
08/07/2013 08/07/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $1,599,000 -- $895 / 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 $67,476 $5,686,953 $3,609,029 $2,077,924
2024 $67,476 $5,575,445 $3,538,264 $2,037,181
2023 $66,152 $5,466,124 $3,468,887 $1,997,237
2022 $68,372 $5,822,704 $3,761,570 $2,061,134
2021 $67,645 $5,708,534 $3,687,814 $2,020,720
2020 $33,008 $2,704,329 $1,782,221 $922,108
2019 $31,687 $2,651,304 $1,747,276 $904,028
2018 $31,497 $2,599,318 $1,713,016 $886,302
2016 $22,212 $1,848,736 $1,646,499 $202,237
2015 $21,879 $1,621,768 $1,621,768 $0
2014 $19,674 $1,590,000 $1,200,000 $390,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Susan Brom

    eXp Realty of Greater Los Angeles

    (310) 452-5004

    1 in this area

    3 Total Sales

    Susan Brom
    Section Image

  • H

    Buyer's Agent in 2013

    Holly Messer

See All Agents

Map

Source: The MLS

MLS Number: 13-691929

The MLS

APN: 4244-028-021

California Los Angeles County Venice 90291 Venice

1378 Preston Way, Venice, CA

This home is located at 1378 Preston Way, Venice, CA 90291 since 25 July 2013 and is currently estimated at $6,730,472, approximately $3,768 per square foot. This property was built in 1954. 1378 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.

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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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