NOT LISTED FOR SALE

Venice Creative Space 615 Hampton Dr Unit A101 Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,289,000 - $1,622,000

1 Bed
1.5 Baths
1,451 Sq Ft
$605/mo HOA Fee

Last Sold December 22, 2023

Last sale price $1,300,000 $896 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,377/month

45 Days on Market

Highlights

  • Auto Driveway Gate
  • 0.44 Acre Lot
  • Loft
  • Venice High School Rated A
  • Wood Flooring
  • Tandem Parking

About This Home

As of December 2023

Introducing the former design studio of boutique hospitality brand Palisociety. An inspiring, architectural live/work space located in the heart of Venice, just around the corner from Abbot Kinney and steps to the ocean. With a private entrance off of Main Street, the unit functions as either a combination gallery, office and work studio, or as a private residence. The main level features a full kitchen, 15' ceilings and floor-to-ceiling windows, polished concrete floors, and exposed steel beams. A separate loft with bedroom and full bath resides on the 2nd level. A private, west-facing patio area is perfect for al-fresco dining and entertaining. This golden opportunity is waiting for a new owner to launch their own icon.

Last Agent to Sell the Property

Joseph Reichling

Compass License #01427385 Listed on: 10/02/2023

Compass

Co-Listed By

Diana Braun

Compass License #01362342

Last Buyer's Agent

Elisabeth Halsted

Berkshire Hathaway HomeServices California Properties License #01434953

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • 0.44

HOA Fees

  • $605 Monthly HOA Fees

Home Design

  • Split Level Home
  • Entry on the 1st floor

Interior Spaces

  • 1,451 Sq Ft Home
  • 2-Story Property
  • Loft
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Covered Spaces
  • Tandem Parking
  • Auto Driveway Gate
  • Guest Parking
  • Assigned Parking

Additional Features

  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4286-009-038

Community Details

Overview

  • 51 Units
  • Maintained Community

Pet Policy

  • Pets Allowed

Additional Features

  • Picnic Area
  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0

HOA Fees

$605 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: Venice Arts Loft
  • Entry Floor: 1
  • Living Area: 1451
  • Lot Acreage: 0.4432
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 2004
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Stained Concrete, Wood
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Washer, Refrigerator, Range/Oven, Dryer, Dishwasher
  • Price Per S Q F T: 961.41

Exterior Features

  • Pool: No
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Tandem, Assigned, Driveway Gate, Parking for Guests - Onsite, Gated Underground

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Gated

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules, Picnic Area, Controlled Access, Guest Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 605.00
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4286-009-038
  • Lot Size Area: 19307

Multi Family

  • Number Of Units: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Dec 15, 2023
Sold by
Brosh Avi and Brosh Kirsten Leigh
Bought by
Manage-Ment Property Llc
Seller's Agent
Joseph Reichling
Compass
Buyer's Agent
Elisabeth Halsted
Berkshire Hathaway HomeServices California Properties
List Price
$1,395,000
Sold Price
$1,300,000
Premium/Discount to List
-$95,000
-6.81%
Views
141
Current Estimated Value
$1,418,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,368
Avg. Annual Appreciation
4.43%
Original Mortgage
$1,040,000
Outstanding Balance
$1,022,737
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$395,631

Purchase Details

Listed on
Jul 12, 2016
Closed on
Oct 28, 2016
Sold by
Haines Wendy
Bought by
Gordon Grant
Seller's Agent
Jerry Jaffe
Compass
Buyer's Agent
Mark Kitching
Douglas Elliman
List Price
$1,395,000
Sold Price
$1,340,000
Premium/Discount to List
-$55,000
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.42%
Original Mortgage
$1,072,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 8, 2016
Sold by
Kleimo Cameron
Bought by
Kleimo August

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 7, 2016
Sold by
Kleimo August
Bought by
Brosh Avi and Pratt Kirsten Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 9, 2011
Sold by
Kleimo August and Gordon Grant
Bought by
Kleimo August

Purchase Details

Closed on
Nov 24, 2009
Sold by
Kleimo August
Bought by
Kleimo August and Gordon Grant

Purchase Details

Closed on
Oct 24, 2006
Sold by
Meena Karen
Bought by
Kleimo August

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,300
Interest Rate
6.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 3, 2003
Sold by
Gto Hampton Llc
Bought by
Meena Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Manage-Ment Property Llc $1,300,000 Consumers Title Company
Gordon Grant -- Lawyers Title
Kleimo August -- Lawyers Title
Brosh Avi $1,340,000 Lawyers Title Company
Kleimo August -- None Available
Kleimo August -- None Available
Kleimo August $1,075,000 Investors Title Company
Meena Karen $712,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manage-Ment Property Llc $1,040,000
Previous Owner Gordon Grant $1,072,000
Previous Owner Kleimo August $1,072,000
Previous Owner Brosh Avi $1,072,000
Previous Owner Kleimo August $107,300
Previous Owner Meena Karen $560,000
Closed Meena Karen $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2023 12/22/23 Sold $1,300,000 -6.8% $896 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $1,395,000 +4.1% $961 / Sq Ft
11/08/2016 11/08/16 Sold $1,340,000 -3.9% $924 / Sq Ft View Prior Sale
10/15/2016 10/15/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $1,395,000 0.0% $961 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $1,395,000 -- $961 / 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 $16,097 $1,326,000 $923,100 $402,900
2024 $16,097 $1,300,000 $905,000 $395,000
2023 $18,419 $1,494,790 $1,164,265 $330,525
2022 $17,570 $1,465,482 $1,141,437 $324,045
2021 $17,361 $1,436,748 $1,119,056 $317,692
2019 $16,845 $1,394,135 $1,085,865 $308,270
2018 $16,794 $1,366,800 $1,064,574 $302,226
2016 $9,504 $787,455 $642,864 $144,591
2015 $9,364 $775,628 $633,208 $142,420
2014 $9,396 $760,436 $620,805 $139,631
Source: Public Records

Agents Affiliated with this Home

  • Joseph Reichling

    Seller's Agent in 2023

    Joseph Reichling

    Compass

    (323) 395-9084

    1 in this area

    226 Total Sales

    Joseph Reichling
    Section Image
  • Diana Braun

    Seller Co-Listing Agent in 2023

    Diana Braun

    Compass

    (310) 866-5039

    24 in this area

    66 Total Sales

    Diana Braun
    Section Image
  • Elisabeth Halsted

    Buyer's Agent in 2023

    Elisabeth Halsted

    Berkshire Hathaway HomeServices California Properties

    (310) 463-1601

    4 in this area

    44 Total Sales

    Elisabeth Halsted
    Section Image
  • Jerry Jaffe

    Seller's Agent in 2016

    Jerry Jaffe

    Compass

    (310) 403-4925

    21 in this area

    45 Total Sales

    Jerry Jaffe
    Section Image
  • Mark Kitching

    Buyer's Agent in 2016

    Mark Kitching

    Douglas Elliman

    (310) 902-0221

    11 in this area

    34 Total Sales

    Mark Kitching
    Section Image
See All Agents

About Venice Creative Space

Map

Source: The MLS

MLS Number: 23-316271

The MLS

APN: 4286-009-038

California Los Angeles County Venice 90291 Venice

615 Hampton Dr Unit A101, Venice, CA

Not Listed for Sale

Condos

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