NOT LISTED FOR SALE

Estimated Value: $1,186,000 - $1,310,000

2 Beds
2 Baths
1,260 Sq Ft
$473/mo HOA Fee

Last Sold November 25, 2019

Last sale price $1,025,000 $813 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,385/month

29 Days on Market

Highlights

  • Automatic Gate
  • Gated Community
  • Wood Flooring
  • Venice High School Rated A
  • 11,526 Sq Ft lot
  • Modern Architecture

About This Home

As of November 2019

Beautifully updated large and open penthouse loft located in the desirable Marina Arts District. This top floor unit is flooded with natural light, showcasing floor to ceiling windows and large sliding doors that seamlessly open to a generous patio. The kitchen is stainless steel equipped with a Bertazzoni gas range, Liebherr refrigerator, and Miele dishwasher. Large master bedroom includes a walk-in closet, and en-suite bath features an oversized soaking tub with a separate shower. Unit comes with central AC/heating, in-unit washer/dryer, garage storage, and two covered parking spaces. Building amenities include an outdoor community lounge area with fireplace, outdoor kitchen, and ample guest parking within walking distance to shops, restaurants, Equinox, Marina Marketplace, and more. Enjoy SoCal indoor/outdoor living at it's finest!

Last Agent to Sell the Property

Caitlin Tabit

Compass License #02036050 Listed on: 10/11/2019

Last Buyer's Agent

Rick Dergan

LPT Realty, Inc License #00972387

LPT Realty, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,387

Year Built

  • Built in 2011

Lot Details

  • North Facing Home
  • Gated Home

HOA Fees

  • $473 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Entry on the 4th floor

Interior Spaces

  • 1,260 Sq Ft Home
  • 4-Story Property
  • Living Room
  • Dining Area
  • Home Office
  • Wood Flooring
  • Security Lights
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Automatic Gate
  • Guest Parking
  • Controlled Entrance

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4230-030-137

Community Details

Overview

  • 100 Units
  • Action Property Management Association
  • Maintained Community

Amenities

  • Community Barbecue Grill
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,387

Year Built

Built in 2011

Lot Details

0

HOA Fees

$473 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Modern
  • Street Number Display: Yes
  • Complex Name: Gallery Lofts
  • Entry Floor: 4
  • Living Area: 1260
  • Planned Urban Dev: 0
  • Stories: 4
  • Unit Floor In Building: 4
  • Year Built: 2011
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 872.22

Exterior Features

  • Direction Faces: North
  • Tennis Court Y/N: No
  • Pool: No
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Covered Parking, Gated Underground, Parking for Guests, Subterranean

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Gated

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Elevator, Gated Community, Gated Parking, Guest Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 473.00
  • Management Company: Action Property Management
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4230-030-137
  • Geocode Override: No
  • Lot Size Area: 11526

Multi Family

  • Number Of Units: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2023
Sold by
Joseph Holly Lynn and Joseph Nataly Vanessa
Bought by
Holly Joseph Revocable Trust and Joseph
Current Estimated Value
$1,255,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Outstanding Balance
$793,917
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$467,942

Purchase Details

Closed on
Apr 25, 2023
Sold by
Wilson Gabrielle A
Bought by
Joseph Holly Lynn and Joseph Nataly Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Outstanding Balance
$793,917
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$467,942

Purchase Details

Listed on
Oct 11, 2019
Closed on
Nov 15, 2019
Sold by
Peridis Matthew
Bought by
Wilson Gabrielle A and Wilson Victoria O
Seller's Agent
Caitlin Tabit
Compass
Buyer's Agent
Rick Dergan
LPT Realty, Inc
List Price
$1,099,000
Sold Price
$1,025,000
Premium/Discount to List
-$74,000
-6.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$397,000
Interest Rate
3.5%
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
Holly Joseph Revocable Trust -- Fidelity National Title
Joseph Holly Lynn $1,250,000 Fidelity National Title
Wilson Gabrielle A $1,025,000 Equity Title Los Angeles
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holly Joseph Revocable Trust $812,500
Previous Owner Wilson Gabrielle A $820,000
Previous Owner Wilson Gabrielle A $397,000
Previous Owner Peridis Matthew $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $1,025,000 -6.7% $813 / Sq Ft
10/11/2019 10/11/19 For Sale $1,099,000 0.0% $872 / Sq Ft
04/04/2019 04/04/19 Rented $4,400 -2.2% --
03/14/2019 03/14/19 For Rent $4,500 +2.3% --
11/20/2017 11/20/17 Rented $4,400 -2.2% --
11/15/2017 11/15/17 Under Contract -- -- --
11/07/2017 11/07/17 For Rent $4,500 -- --
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 $15,387 $1,300,499 $897,761 $402,738
2024 $15,387 $1,275,000 $880,158 $394,842
2023 $13,100 $1,077,456 $752,222 $325,234
2022 $12,486 $1,056,330 $737,473 $318,857
2021 $12,331 $1,035,618 $723,013 $312,605
2019 $7,852 $655,317 $337,793 $317,524
2018 $7,831 $642,469 $331,170 $311,299
2016 $7,403 $617,523 $318,311 $299,212
2015 $7,293 $608,248 $313,530 $294,718
2014 $7,318 $596,334 $307,389 $288,945
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-519132

The MLS

APN: 4230-030-137