NOT LISTED FOR SALE

Estimated Value: $1,866,000 - $7,954,000

5 Beds
6 Baths
3,944 Sq Ft
$1,569/Sq Ft Est. Value

Last Sold December 19, 2022

Last sale price $7,235,000 $1,834 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $41,058/month

323 Days on Market

Highlights

  • Detached Guest House
  • Home Theater
  • Solar Power System
  • Broadway Elementary Rated A-
  • Pool House
  • Gated Parking

About This Home

As of December 2022

Call listing agent for information regarding while property is withdrawn. Once-in-a-lifetime opportunity to own an exceptional and very private resort estate situated on one of the historic Venice walk streets. The rare double-lot property features a California-modern main residence with 4BR+3.5BA including a media room or 4th bedroom and office with separate entrance. There is a detached 2-story structure that includes a ground floor pool house/family room with half bath & exterior shower. The upper level guest suite with open living and bedroom area, full bath and lounge-balcony overlooks the expansive grounds and pool. The main house living and dining rooms flow out to the resort-like grounds that are designed for ultimate privacy and is the setting for many layers of activity including 2 lounging-sun areas, exterior living room surrounding the fire feature, al fresco dining with built-in heat lamps, exterior BBQ kitchen with sink & refrigerator plus a 2nd dining area near the guest & pool house. The focal point of the yard is a stunning pool & spa with a breathtaking 30-foot-long custom designed blue-tile mosaic mural of a breaking wave. An irresistible lure for the home chef, the gourmet kitchen also serves as a social space and includes custom walnut cabinets by Henrybuilt, breakfast bar, Bosch appliances plus a butler's pantry with 2 wine refrigerators and space for all your countertop appliances. The master suite features French doors to a private balcony, walk-in closet, bath with double sinks and a luxurious steam shower. There is a poolside lounging balcony off the 2nd bedroom while the 3rd bedroom is next to the herb garden balcony and shared bathroom. Step down to the media room or 4th bedroom with full bath and separate office, both with private entrance. A fully gated 2-car garage plus 3 additional spaces provide ample parking. Refined and uniquely private this coastal retreat includes features such as floor-to-ceiling and wall-to-wall glass doors that open to reveal the pool and landscaped grounds, radiant floor heat, solar power and an extraordinary south-western exposure for all-day sun and endless sky views. Close to Abbot Kinney shops, restaurants, Pacific Residence Theater and the BEACH! Sometimes the stars align and you actually can have it all!

Last Agent to Sell the Property

Jennifer Hughes

Compass License #01440438 Listed on: 01/12/2022

Compass

Last Buyer's Agent

Tracy Thrower

eXp Realty of California Inc License #01712960

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,849

Year Built

  • Built in 2008

Lot Details

  • 6,660 Sq Ft Lot
  • South Facing Home
  • Property is zoned LAR2

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Gated Parking

Interior Spaces

  • 3,944 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Recreation Room
  • Wood Flooring
  • Property Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Steam Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • Pool House
  • Heated In Ground Pool
  • In Ground Spa
  • Pool Cover

Outdoor Features

  • Open Patio
  • Outdoor Grill

Additional Features

  • Solar Power System
  • Detached Guest House
  • Radiant Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4241-022-036

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,849

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Advertising Remarks: Once-in-a-lifetime opportunity to own an exceptional and very private resort estate situated on one of the historic Venice walk streets. The rare double-lot property features a California-modern main residence with 4BR+3.5BA including a media room or 4th bedroom and office with separate entrance. There is a detached 2-story structure that includes a ground floor pool house/family room with half bath & exterior shower. The upper level guest suite overlooks the expansive grounds and pool. The main house living and dining rooms flow out to the resort-like grounds that are designed for ultimate privacy and is the setting for many layers of activity including 2 lounging-sun areas, exterior living room surrounding the fire feature, al fresco dining with built-in heat lamps, exterior BBQ kitchen with sink & refrigerator plus a 2nd dining area near the guest & pool house.
  • Living Area: 3944
  • Lot Acreage: 0.1529
  • Stories: 2
  • Year Built: 2008
  • Number Of Photos: 50
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Patio
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 2
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Steam Shower
  • Three Quarter Bathrooms: 2
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Garage
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven, Solar Panels, Barbeque, Dishwasher, Garbage Disposal, Built-Ins, Ceiling Fan, Microwave, Washer, Dryer
  • Price Per S Q F T: 2027.13

Exterior Features

  • Direction Faces: South
  • Other Structures: GuestHouse, Pool House
  • Guest House: Detached
  • Pool Description: Pool Cover, Heated, In Ground
  • Pool: Yes
  • Spa: In Ground
  • Spa Yn: Yes
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Gated
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Heating: Radiant

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4241-022-036
  • Lot Size Area: 6660

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Nov 18, 2022
Sold by
Jonathan Guy King Trust
Bought by
Jerkovich Joseph and Jerkovich Louise
Seller's Agent
Jennifer Hughes
Compass
Buyer's Agent
Tracy Thrower
eXp Realty of California Inc
List Price
$8,395,000
Sold Price
$7,235,000
Premium/Discount to List
-$1,160,000
-13.82%
Views
29
Current Estimated Value
$6,188,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,046,528
Avg. Annual Appreciation
-5.64%

Purchase Details

Listed on
Jul 31, 2015
Closed on
Nov 5, 2015
Sold by
Shohadal Payam
Bought by
King Jonathan Guy and Jonathan Guy King Trust
Seller's Agent
Sandra Miller
Engel & Völkers
Buyer's Agent
Suzanne Costello
Bulldog Realtors, Inc.
List Price
$4,950,000
Sold Price
$4,900,000
Premium/Discount to List
-$50,000
-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
5.64%
Original Mortgage
$3,000,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2012
Sold by
County Of Los Angeles
Bought by
Shohadai Payam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.27%
Mortgage Type
New Conventional
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
Jerkovich Joseph $7,235,000 Fidelity National Title
King Jonathan Guy $4,900,000 Fatcola
Shohadai Payam $1,110,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Jonathan Guy $4,300,000
Previous Owner King Jonathan Guy $3,000,000
Previous Owner Shohadai Payam $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Sold $7,235,000 0.0% $1,834 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
09/13/2022 09/13/22 Off Market $7,235,000 -- --
06/02/2022 06/02/22 Price Changed $7,995,000 -4.8% $2,027 / Sq Ft
06/01/2022 06/01/22 For Sale $8,395,000 +16.0% $2,129 / Sq Ft
05/26/2022 05/26/22 Off Market $7,235,000 -- --
04/25/2022 04/25/22 Price Changed $8,395,000 -5.1% $2,129 / Sq Ft
04/07/2022 04/07/22 Price Changed $8,850,000 -6.3% $2,244 / Sq Ft
03/02/2022 03/02/22 Price Changed $9,450,000 -5.5% $2,396 / Sq Ft
01/12/2022 01/12/22 For Sale $10,000,000 +104.1% $2,535 / Sq Ft
11/13/2015 11/13/15 Sold $4,900,000 -1.0% $1,658 / Sq Ft
07/31/2015 07/31/15 For Sale $4,950,000 -- $1,675 / 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 $88,849 $7,527,294 $4,681,800 $2,845,494
2024 $88,849 $7,379,700 $4,590,000 $2,789,700
2023 $87,095 $7,235,000 $4,500,000 $2,735,000
2022 $65,351 $5,586,924 $3,346,555 $2,240,369
2021 $64,578 $5,477,378 $3,280,937 $2,196,441
2020 $65,263 $5,421,216 $3,247,296 $2,173,920
2019 $62,616 $5,314,919 $3,183,624 $2,131,295
2018 $61,111 $5,097,960 $3,121,200 $1,976,760
2016 $58,493 $4,900,000 $3,000,000 $1,900,000
2015 $39,207 $3,274,550 $2,406,440 $868,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-108737

The MLS

APN: 4241-022-036