$5,000,000
SOLD OCT 29, 2024

898 Commonwealth Ave Venice, CA 90291

Venice Neighborhood
3 Beds
5 Baths
3,898 Sq Ft
10,226 Sq Ft Lot

Recently Sold

$1,283 Per Sq Ft

15% Below List Price

180 Days on Market

Highlights

  • Rooftop Deck
  • Golf Course View
  • Room in yard for a pool
  • Venice High School Rated A
  • 0.23 Acre Lot
  • 5-minute walk to Marine Park

About This Home

As of October 2024

Back on the Market with new pricing. The John Baldessari Gallery Residence, 2018, Frank O. Gehry, CC, FAIA. John Baldessari and Frank Gehry! As impossible to pigeonhole a style of these giants of art and architecture, so it is with their collaboration on John's own home, the model of which was featured center at LACMA's Frank Gehry Retrospective. It's modern, of course, and constructed of the finest materials and accessories available, but in understanding the work, and its success, these terms seem almost irrelevant. It is probably best described in terms of function.Frank and John were friends. From stories about John, one can imagine a request that may have gone like this: Frank, I'm tired of traipsing up and down stairs every time I want something from the kitchen. I want my bedroom to be just steps from everything: my art, my library, the kitchen, and an outdoor place where I can enjoy a cigar, a glass of wine, and a view of the golf course next door. Frank achieved these requirements by pinwheeling the living space and gallery around a cloistered heptagonal courtyard, thus referencing, if not by shape, the program of the early California Missions. Reversing tradition, the master bedroom is on the ground floor, while the guest bedrooms are on the second floor. An elevator contiguous to the master bedroom ascends to the rooftop patios with golf course and city vistas.

Last Agent to Sell the Property

Architechture For Sale.com

Crosby Doe Associates, Inc. License #00463731 Listed on: 03/07/2024

Last Buyer's Agent

Laurent Mamann Slater

The Beverly Hills Estates License #01348767

The Beverly Hills Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,441

Year Built

  • Built in 2018

Lot Details

  • 10,226 Sq Ft Lot
  • Cul-De-Sac
  • Gated Home
  • Wood Fence
  • Block Wall Fence
  • Sprinkler System
  • Property is zoned LAR1

Parking

  • 2 Car Direct Access Garage

Property Views

  • Golf Course
  • City

Home Design

  • Flat Roof Shape
  • Copper Plumbing

Interior Spaces

  • 3,898 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Tinted Windows
  • Living Room
  • Dining Area
  • Home Office
  • Security System Owned
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Pool

  • Room in yard for a pool
  • Permits for Pool

Outdoor Features

  • Rooftop Deck
  • Enclosed patio or porch

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4243-013-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,441

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level - no steps
  • Living Area: 3898
  • Lot Acreage: 0.2347
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: No Additions/Alter
  • Stories: 2
  • Year Built: 2018
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, Laundry Area
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System
  • Price Per S Q F T: 1513.60
  • Windows: Tinted Windows, Skylights

Exterior Features

  • Other Features: Custom Built, High Ceilings (9 Feet+), Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Fence: Block, Wood
  • Patio: Roof Top Deck
  • Pool Description: Room For, Permits
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: Golf Course, City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Direct Entrance
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Forced Air
  • Security: Gated, Owned
  • Sewer: Paid
  • Water: Public

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 4243-013-034
  • Lot Location: Cul-De-Sac, Flats
  • Lot Size Area: 10226

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Sep 23, 2024
Sold by
Baldessari Tony and Annas Trust
Bought by
Lonsdale Living Trust and Colson
Seller's Agent
Architechture For Sale.com
Crosby Doe Associates, Inc.
Buyer's Agent
Laurent Mamann Slater
The Beverly Hills Estates
List Price
$5,900,000
Sold Price
$5,000,000
Premium/Discount to List
-$900,000
-15.25%
Total Days on Market
180
Views
119
Current Estimated Value
$4,813,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$186,887
Avg. Annual Appreciation
-6.25%

Purchase Details

Closed on
May 9, 2023
Sold by
City Of Los Angeles
Bought by
City Of Los Angeles

Purchase Details

Listed on
Apr 3, 2013
Closed on
Jul 3, 2013
Sold by
Nicholson Graeme R and Nicholson Diana
Bought by
Baldessari John and The John Baldessari Trust 1991
Seller's Agent
Robert Winans
Coldwell Banker Realty
Buyer's Agent
Dannie Cavanaugh
Cavanaugh Realtors
List Price
$1,295,000
Sold Price
$1,347,500
Premium/Discount to List
$52,500
4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%

Purchase Details

Closed on
Nov 18, 2003
Sold by
Nicholson Graeme R and Nicholson Diana
Bought by
Nicholson Graeme R and Nicholson Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 1999
Sold by
Helsel Holly J
Bought by
Nicholson Graeme R and Calandra Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,800
Interest Rate
7%

Purchase Details

Closed on
Jan 16, 1999
Sold by
Helsel Holly J
Bought by
Wiland Holly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,700
Interest Rate
6.73%

Purchase Details

Closed on
Jan 7, 1994
Sold by
Wiland Harry
Bought by
Helsel Holly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
4.5%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $5,000,000 Lawyers Title
Quit Claim Deed -- None Listed On Document
Grant Deed $1,347,500 Equity Title Los Angeles
Interfamily Deed Transfer -- Ticor Title
Grant Deed $331,000 Progressive Title Company
Grant Deed -- Chicago Title Co
Quit Claim Deed -- Investors Title Company
Grant Deed -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,375,000 New Conventional
Previous Owner $555,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $400,000 Unknown
Previous Owner $360,000 Unknown
Previous Owner $99,000 Credit Line Revolving
Previous Owner $264,800 No Value Available
Previous Owner $214,700 No Value Available
Previous Owner $220,500 No Value Available
Closed $33,100 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $5,000,000 -15.3% $1,283 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $5,900,000 +337.8% $1,514 / Sq Ft
07/11/2013 07/11/13 Sold $1,347,500 +4.1% $1,418 / Sq Ft
04/03/2013 04/03/13 For Sale $1,295,000 -- $1,363 / 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
2024 $49,441 $4,084,012 $2,103,160 $1,980,852
2023 $54,186 $4,480,329 $2,688,198 $1,792,131
2022 $51,642 $4,392,481 $2,635,489 $1,756,992
2021 $35,249 $2,963,356 $1,526,051 $1,437,305
2019 $34,187 $2,875,464 $1,480,789 $1,394,675
2018 $34,039 $2,819,083 $1,451,754 $1,367,329
2016 $16,758 $1,395,382 $1,139,088 $256,294
2015 $16,511 $1,374,423 $1,121,978 $252,445
2014 $16,564 $1,347,500 $1,100,000 $247,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-366195

The MLS

APN: 4243-013-034