NOT LISTED FOR SALE

Estimated Value: $4,661,000 - $9,739,078

3 Beds
4 Baths
4,034 Sq Ft
$1,785/Sq Ft Est. Value

Last Sold October 27, 2014

Last sale price $10,000,000 $2,479 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $56,699/month

46 Days on Market

Highlights

  • Ocean Front
  • Craftsman Architecture
  • Wood Flooring
  • Coeur D'Alene Avenue Elementary School Rated A-
  • Living Room with Fireplace
  • Great Room

About This Home

As of October 2014

First time on the market! This one of a kind, oceanfront, trophy Property sits on the only corner, double lot in Venice, and offers the rare opportunity to enjoy a beach front house with the adjacent lot transformed into a tranquil landscaped private garden. This luxurious home itself boasts over 4000 sq feet, with a large living room accented with Frank Lloyd Wright stained glass fixtures and a wood burning fireplace. The exquisite master suite offers breathtaking ocean views of the Santa Monica Bay. The best kept secret is the 3rd floor, which encompasses an additional large creative office/lounge with skylights and doors leading directly out to a spectacular rooftop deck for entertaining and romantic sunsets. This Iconic property was the home to the legendary multiple award winning songwriter Jerry Leiber. The architecture and design he admired of the Greene & Greene craftsman style has been exquisitely reproduced.

Last Agent to Sell the Property

Gregory Bega

Sotheby's International Realty License #00935802 Listed on: 07/25/2014

Sotheby's International Realty

Co-Listed By

Lindsay Galbraith

Sotheby's International Realty License #01873410

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 5,043 Sq Ft Lot
  • Ocean Front
  • Property is zoned LARD1.5

Property Views

  • Ocean
  • Marina
  • Coastline
  • Views of a pier
  • Catalina
  • City Lights
  • Mountain

Home Design

  • Craftsman Architecture

Interior Spaces

  • 4,034 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Great Room
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Laundry

  • Laundry in Garage
  • Dryer

Home Security

  • Intercom
  • Alarm System

Parking

  • 2 Car Attached Garage
  • Attached Carport

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4226-019-001

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 4034
  • Stories: 3
  • Year Built: 1935
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 2
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Intercom, Range/Oven, Refrigerator
  • Price Per S Q F T: 2689.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Catalina, City Lights, Coastline, Marina, Mountains, Ocean, Pier, Walk Street
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Parking Garage: Attached, Carport Attached, Garage - 2 Car

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 4226-019-001
  • Geocode Override: No
  • Lot Location: Ocean Front
  • Lot Size Area: 5043

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2018
Sold by
2424578 Ontario Lp
Bought by
2424578 Ontario Lp
Current Estimated Value
$8,578,728

Purchase Details

Listed on
Jul 25, 2014
Closed on
Sep 15, 2014
Sold by
26Th Ave Venice Property Llc
Bought by
2424578 Ontario Lp
Seller's Agent
Gregory Bega
Sotheby's International Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$10,850,000
Sold Price
$10,000,000
Premium/Discount to List
-$850,000
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.89%

Purchase Details

Closed on
May 21, 2012
Sold by
Leiber Jed
Bought by
26Th Ave Venice Property Llc

Purchase Details

Closed on
Mar 20, 2003
Sold by
Angel Coin Service
Bought by
Leiber Jerome I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,607
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2003
Sold by
Leiber Jerome I
Bought by
Leiber Jerome I and The Jerome I Leiber 1997 Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,607
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1999
Sold by
Leiber Jerry
Bought by
Leiber Jerome I and The Jerome I Leiber 1997 Family Trust

Purchase Details

Closed on
Jul 8, 1998
Sold by
Leiber Jerry
Bought by
Leiber Jerry and The Jerome I Leiber 1997 Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2424578 Ontario Lp -- None Available
2424578 Ontario Lp -- Fidelity
26Th Ave Venice Property Llc -- None Available
Leiber Jed -- None Available
Leiber Jerome I -- Lawyers Title
Leiber Jerome I -- --
Leiber Jerome I -- Lawyers Title
Leiber Jerome I -- --
Leiber Jerome I -- --
Leiber Jerry -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leiber Jerome I $436,607
Previous Owner Leiber Jerome I $436,607
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2014 10/27/14 Sold $10,000,000 -7.8% $2,479 / Sq Ft
09/09/2014 09/09/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $10,850,000 0.0% $2,690 / Sq Ft
05/25/2013 05/25/13 Rented $15,000 0.0% --
05/25/2013 05/25/13 Under Contract -- -- --
03/26/2013 03/26/13 For Rent $15,000 -- --
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 $142,078 $12,018,496 $11,946,390 $72,106
2024 $142,078 $11,782,841 $11,712,148 $70,693
2023 $139,276 $11,551,806 $11,482,499 $69,307
2022 $132,769 $11,325,301 $11,257,352 $67,949
2021 $131,173 $11,103,237 $11,036,620 $66,617
2019 $127,198 $10,773,911 $10,709,269 $64,642
2018 $126,983 $10,562,659 $10,499,284 $63,375
2016 $121,632 $10,152,500 $10,091,585 $60,915
2015 $119,829 $10,000,000 $9,940,000 $60,000
2014 $16,861 $1,322,811 $1,154,044 $168,767
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-780749

The MLS

APN: 4226-019-001