NOT LISTED FOR SALE

Estimated Value: $4,176,281

5 Beds
9 Baths
3,829 Sq Ft
$1,091/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $3,800,000 $992 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $26,319/month

36 Days on Market

Highlights

  • Detached Guest House
  • Art Studio
  • 9,570 Sq Ft lot
  • Venice High School Rated A
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of August 2020

Former Artist in Residence compound of legendary artist Billy Al Bengston, icon of the early L.A. Arts scene in the 60's. Walled and gated Frank Gehry-like assemblage of buildings consisting of four separate structures including single story main house, two story guest house, large scale artist loft with soaring ceilings and multi-car garage plus separate storage/workshop building. Romantic master bedroom with beautiful remodeled bath, walk-in closet and fireplace opens through French doors to long lap pool and magical, private grounds. Numerous other spaces and amenities too extensive to detail. Flexible in use, this eclectic walled and gated village situated on an oversized lot (9,570 Sq Ft/assessor) in the heart of the Venice Artists Loft District is ideal as a live/work environment. Close to Abbot Kinney, the Boardwalk and the beach. Rare offering.

Last Agent to Sell the Property

David Offer

Berkshire Hathaway HomeServices California Properties License #01150357 Listed on: 05/19/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Michael Springer

Compass License #01265333

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1911

Lot Details

  • 9,570

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Home Office
  • Library
  • Bonus Room
  • Art Studio

Kitchen

  • Breakfast Area or Nook
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Powder Room

Parking

  • 4 Car Garage
  • Side by Side Parking

Pool

  • In Ground Pool
  • Spa

Additional Homes

  • Detached Guest House
  • Fireplace in Guest House

Additional Features

  • Open Patio
  • 9,570 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4286-009-018

Home Details

Home Type

Single Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Stories: 2
  • Year Built: 1911
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Guest House, Living Room, Master Bedroom
  • Flooring: Mixed
  • Bedrooms: 5
  • Fireplaces: 3
  • Full Bathroom: 3
  • Half Bathroom: 3
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 3
  • Maids Room: 1
  • Total Bathrooms: 9.00
  • Equipment: Built-Ins, Garbage Disposal
  • Fireplace: Yes

Exterior Features

  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Private
  • Pool: Yes
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Garage, Side By Side
  • Total Parking: 4

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4286-009-018
  • Geocode Override: No
  • Lot Size Area: 9570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Jun 26, 2020
Sold by
Murphy Brian and Brittenham Harry M
Bought by
805 Hampton Llc
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Michael Springer
Compass
List Price
$3,995,000
Sold Price
$3,800,000
Premium/Discount to List
-$195,000
-4.88%
Current Estimated Value
$4,176,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,281
Avg. Annual Appreciation
1.45%
Original Mortgage
$3,230,000
Interest Rate
3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 2015
Sold by
Murphy Brian and The George Malcolmonious Trust
Bought by
The Melissa Mathison Trust

Purchase Details

Closed on
May 26, 2004
Sold by
Bengston Billy Al and Al Wendy
Bought by
Murphy Brian and The George Malcomonious Trust

Purchase Details

Closed on
Jul 1, 1998
Sold by
Bengston Billy A and The Billy Al Bengston Trust Of
Bought by
Bengston Billy Al and Al Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 1996
Sold by
Bengston Billy Al
Bought by
Bengston Billy Al and Nakayama Kathryn W Yuri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 1996
Sold by
Bengston Billy Al
Bought by
Bengston Billy Al and The Billy Al Bengston Trust Of
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
805 Hampton Llc $3,800,000 Lawyers Title Company
The Melissa Mathison Trust -- None Available
Murphy Brian -- Southland Title Company
Bengston Billy Al -- Equity Title Company
Bengston Billy Al -- --
Bengston Billy Al -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 805 Hampton Llc $3,230,000
Previous Owner Bengston Billy Al $490,000
Previous Owner Bengston Billy Al $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $3,800,000 -4.9% $992 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $3,995,000 -- $1,043 / 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 $53,769 $4,113,241 $3,572,025 $541,216
2024 $53,769 $4,032,590 $3,501,986 $530,604
2023 $52,622 $3,953,520 $3,433,320 $520,200
2022 $50,373 $3,876,000 $3,366,000 $510,000
2021 $49,808 $3,800,000 $3,300,000 $500,000
2020 $42,199 $3,087,608 $2,730,102 $357,506
2019 $40,690 $3,027,068 $2,676,571 $350,497
2018 $40,288 $2,967,715 $2,624,090 $343,625
2016 $34,576 $2,852,478 $2,522,195 $330,283
2015 $34,070 $2,809,632 $2,484,310 $325,322
2014 $34,165 $2,754,596 $2,435,646 $318,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-580192

The MLS

APN: 4286-009-018