NOT LISTED FOR SALE

1511 Abbot Kinney Blvd Venice, CA 90291

Venice Neighborhood

Estimated Value: $11,903,149

3 Beds
2 Baths
5,060 Sq Ft
$2,352/Sq Ft Est. Value

Last Sold October 01, 2012

Last sale price $4,200,000 $830 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $70,507/month

319 Days on Market

Highlights

  • 24-Hour Security
  • Home Theater
  • Wood Flooring
  • Venice High School Rated A
  • City Lights View
  • 4-minute walk to Centennial Park

About This Home

As of October 2012

Venice Air designed by noted firm Glen Irani Architects. The most extraordinary contemporary-style bldg on the street. Clad in Beautiful free dark zinc, expansive heavy-glass & one of a kind window wall system. The design aims to co-exist w/dignity & permanence on a blvd of century old historical structures. Every detail exemplifies very high architectural & craft standards for which this architect is known. Specialty finishes include Italian hdwd floors, European fixtures & appl. Italian mosaic tile, stone paving, architectural exposed steel & more. Over 700 sq.ft. of outdoor terraces and balconies as well as 230 capped mountains expand from the hlywood hills to downtn & beyond.. Many uses for this outstanding property located on the hottest street in Los Angeles.

Last Agent to Sell the Property

Suzanne Frank

Abbot Kinney Real Estate Inc. License #01054600 Listed on: 07/18/2011

Last Buyer's Agent

Suzanne Frank

Abbot Kinney Real Estate Inc. License #01054600 Listed on: 07/18/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $67,799

Year Built

  • Built in 2008

Lot Details

  • 2,570 Sq Ft Lot
  • Property is zoned LAC2

Parking

  • 2 Car Direct Access Garage

Property Views

  • City Lights
  • Views of a landmark
  • Mountain

Home Design

  • Composition Roof

Interior Spaces

  • 5,060 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Built-In Features
  • Family Room
  • Living Room
  • Dining Area
  • Home Theater
  • Home Office
  • Library
  • Loft
  • Bonus Room
  • Security System Owned
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room
  • 2 Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling
  • Sewer in Street
  • Cable TV Available

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4241-036-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$67,799

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 5060
  • Planned Urban Dev: 0
  • Stories: 3
  • Year Built: 2008
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement, Hardwood, Mixed, Tile
  • Bedrooms: 3
  • Fireplaces: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Elevator, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 928.85

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition, Rock
  • View: City Lights, Landmark, Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Direct Entrance, Garage
  • Total Parking: 2

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central
  • Security: 24 Hour, Owned
  • Sewer: In Street

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4241-036-012
  • Lot Size Area: 2570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2011
Closed on
Sep 19, 2012
Sold by
Ben Avraham Samuel
Bought by
Lionhead Global #2 Llc
Seller's Agent
Suzanne Frank
Abbot Kinney Real Estate Inc.
Buyer's Agent
Suzanne Frank
Abbot Kinney Real Estate Inc.
List Price
$4,700,000
Sold Price
$4,200,000
Premium/Discount to List
-$500,000
-10.64%
Current Estimated Value
$11,903,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,703,149
Avg. Annual Appreciation
8.37%
Original Mortgage
$2,185,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 18, 2011
Closed on
Sep 13, 2012
Sold by
Breakform Llc
Bought by
Ben Avraham Samuel
Seller's Agent
Suzanne Frank
Abbot Kinney Real Estate Inc.
Buyer's Agent
Suzanne Frank
Abbot Kinney Real Estate Inc.
List Price
$4,700,000
Sold Price
$4,200,000
Premium/Discount to List
-$500,000
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,185,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2011
Sold by
Irani Glen R
Bought by
Breakform Llc

Purchase Details

Closed on
Apr 4, 2008
Sold by
Irani Glen
Bought by
Irani Glen R and Irani Edith Evelyne Beaucage

Purchase Details

Closed on
Jun 13, 2002
Sold by
Irani Edith Beaucage
Bought by
Irani Glen

Purchase Details

Closed on
Apr 10, 2002
Sold by
Kurosaki Teruo
Bought by
Irani Glen

Purchase Details

Closed on
Apr 2, 2001
Sold by
Bannatyne Bryce R
Bought by
Kurosaki Teruo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
7.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 1999
Sold by
Castro Robert
Bought by
Bannatyne Bryce R and Bannatyne Elaine
Source: Public Records

Range of Values:

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Average Value
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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
Lionhead Global #2 Llc $4,650,046 Old Republic Title Co La
Ben Avraham Samuel -- None Available
Breakform Llc -- None Available
Irani Glen R -- None Available
Irani Glen -- Equity Title
Irani Glen $492,500 --
Kurosaki Teruo $457,500 First American Title Co
Bannatyne Bryce R $250,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lionhead Global 2 Llc $30,000,000
Closed Lionhead Global 2 Llc $7,000,000
Open Lionh D Global 2 Llc $46,500,000
Closed Lionhead Global 2 Llc $6,300,000
Closed Lionehad Global #I Llc $1,300,000
Closed Lionhead Global #2 Llc $2,185,000
Previous Owner Kurosaki Teruo $274,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2012 10/01/12 Sold $4,200,000 -10.6% $830 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
11/21/2011 11/21/11 For Sale $4,700,000 +11.9% $929 / Sq Ft
10/18/2011 10/18/11 Off Market $4,200,000 -- --
07/18/2011 07/18/11 For Sale $4,700,000 -- $929 / 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 $67,799 $5,726,132 $4,309,996 $1,416,136
2024 $67,799 $5,613,856 $4,225,487 $1,388,369
2023 $66,466 $5,503,782 $4,142,635 $1,361,147
2022 $63,340 $5,395,865 $4,061,407 $1,334,458
2021 $62,587 $5,290,065 $3,981,772 $1,308,293
2019 $60,691 $5,133,161 $3,863,671 $1,269,490
2018 $60,551 $5,032,512 $3,787,913 $1,244,599
2016 $57,953 $4,837,096 $3,640,825 $1,196,271
2015 $57,094 $4,764,439 $3,586,137 $1,178,302
2014 $57,242 $4,671,111 $3,515,890 $1,155,221
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Suzanne Frank

    Abbot Kinney Real Estate Inc.

See All Agents

Map

Source: The MLS

MLS Number: 11-543689

The MLS

APN: 4241-036-012

California Los Angeles County Venice 90291 Venice

1511 Abbot Kinney Blvd, Venice, CA

This home is located at 1511 Abbot Kinney Blvd, Venice, CA 90291 since 18 July 2011 and is currently estimated at $11,903,149, approximately $2,352 per square foot. This property was built in 2008. 1511 Abbot Kinney Blvd is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

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