Seller's Agent in 2023
Kirsten Kaiyala
Side, Inc.
(213) 810-3509
1 in this area
1 Total Sale
308 Venice Way Venice, CA 90291
Venice NeighborhoodEstimated Value: $3,948,573
2
Beds
2.5
Baths
3,350
Sq Ft
$1,179/Sq Ft
Est. Value
Highlights
- Art Studio
- Two Primary Bedrooms
- Living Room with Attached Deck
- Venice High School Rated A
- Open Floorplan
- 4-minute walk to Linnie Canal Park
About This Home
As of June 2023This rare Artist in Residence Live/Work compound in the heart of Venice Beach is perfect for a creative entrepreneur or investor who loves light-filled architecture, open interior space, and privacy. Designed by award winning and much lauded California architect and educator, David Ming-Li Lowe, the property is located steps from the world famous Boardwalk and the trendiest shops and restaurants on Abbot Kinney Blvd.
The property is defined by two three-story buildings front and back, each overlooking an ultra private landscaped courtyard. These buildings are framed entirely with structural steel, with exposed posts, beams and cross bracing, which are a major design element on each floor. Translucent Kalwall building panels highlight the changing light throughout the day, and become glowing walls to the exterior at night.
A three car garage with high ceilings and large industrial roll up doors make this space perfect for a workshop, storage or artist’s studio.
The open floor plans allow for any kind of office/living space configuration, which makes this property ideal for any usage by an owner/user. It’s perfect for use as an office for a production or animation studio, tech startup, architect/design firm, etc.
Alternatively, an investor can look to achieve a 4.50% proforma CAP rate in a very competitive Venice marketplace.
It is a true original Venice Beach artist loft that embodies the ideal California lifestyle.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $47,958
Year Built
- Built in 1984
Lot Details
- 2,750 Sq Ft Lot
- Property fronts an alley
- Private Yard
- Garden
Parking
- 3 Car Attached Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Slab Foundation
- Fiberglass Siding
- Steel Beams
Interior Spaces
- 3,350 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Wet Bar
- Beamed Ceilings
- High Ceiling
- Ceiling Fan
- Living Room with Attached Deck
- Home Office
- Art Studio
- Workshop
- Storage
- Courtyard Views
Kitchen
- Eat-In Kitchen
- Electric Cooktop
- Dishwasher
- Instant Hot Water
Bedrooms and Bathrooms
- 2 Bedrooms
- All Upper Level Bedrooms
- Double Master Bedroom
- Low Flow Toliet
- Walk-in Shower
- Exhaust Fan In Bathroom
- Linen Closet In Bathroom
- Closet In Bathroom
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Cooling System Powered By Gas
- Cooling System Mounted To A Wall/Window
- Central Heating
- Air Source Heat Pump
- Heating System Uses Natural Gas
- Natural Gas Connected
- Tankless Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 5 / 4
- Tax Tract Number 9358
- Assessor Parcel Number 4238021031
- $224 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Dog Park
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2022
Closed on
May 16, 2023
Sold by
Toni Craig J and Toni Kirsten
Bought by
Air & Water Studios Llc
Seller's Agent
Kirsten Kaiyala
Side, Inc.
Buyer's Agent
Jonathan Banayan
Keller Williams Los Angeles
List Price
$4,375,000
Sold Price
$3,900,000
Premium/Discount to List
-$475,000
-10.86%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,573
Avg. Annual Appreciation
0.31%
Purchase Details
Closed on
Apr 19, 2001
Sold by
Tozzi Craig J
Bought by
Tozzi Craig J and Kaiyala Kirsten
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 16, 1999
Sold by
Lowe David M
Bought by
Ozzi Craig J and Kaiyala Kirsten
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
7.4%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 1997
Sold by
Lowe David Ming Li
Bought by
Scaturro Peter J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,750
Interest Rate
8.13%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Air & Water Studios Llc | $3,900,000 | Usa National Title | |
| Tozzi Craig J | -- | Landsafe Title | |
| Ozzi Craig J | $700,000 | First Southwestern Title Co | |
| Scaturro Peter J | $512,500 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tozzi Craig J | $700,000 | |
| Previous Owner | Tozzi Craig J | $573,500 | |
| Previous Owner | Tozzi Craig J | $550,000 | |
| Previous Owner | Ozzi Craig J | $385,000 | |
| Previous Owner | Scaturro Peter J | $398,750 | |
| Closed | Scaturro Peter J | $62,500 | |
| Closed | Ozzi Craig J | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2023 06/20/23 | Sold | $3,900,000 | -7.0% | $1,164 / Sq Ft |
| 01/18/2023 01/18/23 | Price Changed | $4,195,000 | -4.1% | $1,252 / Sq Ft |
| 06/30/2022 06/30/22 | For Sale | $4,375,000 | -- | $1,306 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $47,958 | $4,057,560 | $3,121,200 | $936,360 |
| 2024 | $47,958 | $3,978,000 | $3,060,000 | $918,000 |
| 2023 | $12,640 | $1,034,092 | $369,315 | $664,777 |
| 2022 | $12,053 | $1,013,817 | $362,074 | $651,743 |
| 2021 | $11,905 | $993,939 | $354,975 | $638,964 |
| 2019 | $11,547 | $964,461 | $344,448 | $620,013 |
| 2018 | $11,465 | $945,551 | $337,695 | $607,856 |
| 2016 | $10,968 | $908,836 | $324,583 | $584,253 |
| 2015 | $10,807 | $895,185 | $319,708 | $575,477 |
| 2014 | $10,838 | $877,651 | $313,446 | $564,205 |
Source: Public Records
Agents Affiliated with this Home
-
Kirsten Kaiyala
-
Jonathan Banayan
Buyer's Agent in 2023
Jonathan Banayan
Keller Williams Los Angeles
(310) 272-0756
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN22143235
APN: 4238-021-031
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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