NOT LISTED FOR SALE

Estimated Value: $959,000 - $1,220,000

1 Bed
1 Bath
1,037 Sq Ft
$475/ mo HOA Fee

Last Sold January 11, 2022

Last sale price $1,005,000 $969 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,334/month

10 Days on Market

Highlights

  • Gated Parking
  • Gated Community
  • Contemporary Architecture
  • Venice High School Rated A
  • 0.44 Acre Lot
  • Elevator

About This Home

As of January 2022

Outstanding loft living awaits in this incredibly hip, industrial-chic 1BD/1BA home at the iconic Venice Art Lofts. Inside the ground-floor residence, sky-high ceilings, poured concrete floors, walls of glass and angled columns amplify the dramatic proportions. A long entry gallery leads to the sun-splashed living area, offering a generous footprint for seating, dining and work areas and an oversized private patio for seamless indoor-outdoor enjoyment. The open kitchen reinforces the contemporary vibe with sleek cabinetry, concrete counters and stainless steel appliances. In the king-size bedroom, discover a wide reach-in closet and a large attached bath featuring a tub/shower, modern vanity and a roomy laundry closet with a stacked washer-dryer. Built in 2004, Venice Art Lofts delivers an unbeatable Venice location just inches from the world-famous beach and boardwalk and outstanding shopping, dining and nightlife along Abbot Kinney and Santa Monica's Main Street.

Last Agent to Sell the Property

Claire Burns

Compass License #01381493 Listed on: 11/29/2021

Compass

Co-Listed By

Rebecca Davis

Compass License #01457341

Last Buyer's Agent

Raisa Lobo

Compass License #01929473

Compass

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2004

Lot Details

  • 0.44

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Tandem Parking
  • Gated Parking
  • Guest Parking
  • Controlled Entrance

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,037 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Area
  • Concrete Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • Gated Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4286-009-041

Community Details

Overview

  • 51 Units
  • Maintained Community

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2004

Lot Details

0.44 Acres

HOA Fees

$475 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Venice Art Lofts
  • Entry Floor: 1
  • Living Area: 1037
  • Lot Acreage: 0.4432
  • Planned Urban Dev: 0
  • Stories: 3
  • Year Built: 2004
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Cement
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit, Laundry Closet Stacked
  • Total Bathrooms: 1.00
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Garbage Disposal
  • Price Per S Q F T: 959.50

Exterior Features

  • Patio: Patio Open
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Community Garage, Controlled Entrance, Tandem
  • Total Parking: 2

Utilities

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

Association/Amenities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 475.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Assessor Parcel Number: 4286-009-041
  • Lot Size Area: 19307

Multi Family

  • Number Of Units: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2023
Sold by
Jammal Mansour George
Bought by
Jammal Separate Property Trust and Jammal
Current Estimated Value
$1,098,365

Purchase Details

Listed on
Nov 29, 2021
Closed on
Dec 13, 2021
Sold by
Ross/Grant Living Trust
Bought by
Jammal Mansour
Seller's Agent
Claire Burns
Compass
Buyer's Agent
Raisa Lobo
Compass
List Price
$995,000
Sold Price
$1,005,000
Premium/Discount to List
$10,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.14%
Original Mortgage
$904,400
Interest Rate
2.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2013
Sold by
Ross Matthew B and Grant Phyllis E
Bought by
Ross/Grant Living Trust

Purchase Details

Closed on
Feb 22, 2007
Sold by
Schaller Thomas W
Bought by
Ross Matthew and Grant Phyllis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2005
Sold by
Ting Mel
Bought by
Schaller Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Gto Hampton Llc
Bought by
Ting Mel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
4.75%
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
Jammal Separate Property Trust -- None Listed On Document
Jammal Mansour $1,005,000 Fidelity National Title
Ross/Grant Living Trust -- None Available
Ross Matthew $869,000 Southland Title
Schaller Thomas W $735,000 United Title Company
Ting Mel $484,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jammal Mansour $904,400
Previous Owner Ross Matthew $695,200
Previous Owner Schaller Thomas W $588,000
Previous Owner Ting Mel $387,000
Closed Ting Mel $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2022 01/11/22 Sold $1,005,000 +1.0% $969 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $995,000 -- $959 / Sq Ft
Source: The MLS

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 $12,979 $1,066,512 $789,219 $277,293
2024 $12,979 $1,045,601 $773,745 $271,856
2023 $12,721 $1,025,100 $758,574 $266,526
2022 $13,213 $1,097,116 $850,930 $246,186
2021 $13,055 $1,075,605 $834,246 $241,359
2019 $12,669 $1,043,703 $809,502 $234,201
2018 $12,626 $1,023,239 $793,630 $229,609
2016 $10,899 $906,000 $692,000 $214,000
2015 $10,900 $906,000 $692,000 $214,000
2014 $10,056 $816,000 $623,600 $192,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-108023

The MLS

APN: 4286-009-041

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