NOT LISTED FOR SALE

1611 Electric Ave Venice, CA 90291

Venice Neighborhood

Estimated Value: $11,932,560

Studio
-- Bath
6,248 Sq Ft
$1,910/Sq Ft Est. Value

About This Home

This home is located at 1611 Electric Ave, Venice, CA 90291 and is currently estimated at $11,932,560, approximately $1,909 per square foot. 1611 Electric Ave is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2014
Sold by
Bigfoot Ventures Llc
Bought by
1611 Electric Llc
Current Estimated Value
$11,932,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,830,000
Outstanding Balance
$3,693,108
Interest Rate
3.95%
Mortgage Type
Commercial
Estimated Equity
$8,239,452

Purchase Details

Closed on
Mar 29, 2012
Sold by
Bigfoot Entertainment Inc
Bought by
Bigfoot Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2010
Sold by
Feist Robert Thomas and Feist Donna Rawlins
Bought by
Bigfoot Entertainment Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
1611 Electric Llc -- Provident Title Company
Bigfoot Ventures Llc $4,500,000 Chicago Title Co
Bigfoot Entertainment Inc -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1611 Electric Llc $4,830,000
Previous Owner Bigfoot Ventures Llc $2,000,000
Source: Public Records

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 $82,145 $6,910,632 $6,009,251 $901,381
2024 $82,145 $6,775,130 $5,891,423 $883,707
2023 $80,535 $6,642,285 $5,775,905 $866,380
2022 $76,761 $6,512,045 $5,662,652 $849,393
2021 $75,841 $6,384,359 $5,551,620 $832,739
2019 $73,551 $6,194,997 $5,386,956 $808,041
2018 $73,245 $6,073,528 $5,281,330 $792,198
2016 $70,086 $5,837,687 $5,076,250 $761,437
2015 $69,049 $5,750,000 $5,000,000 $750,000
2014 -- $4,610,837 $3,586,207 $1,024,630
Source: Public Records

Map

California Los Angeles County Venice 90291 Venice

1611 Electric Ave, Venice, CA

Not Listed for Sale

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