See Home Value
$2,876,000 - $3,514,000
House - Off Market

1246 Preston Way

Venice, CA 90291
bedrooms
5 Beds
bathrooms
7 Baths
square feet
7680 Sqft
Sold Jan 02, 2024
$2,980,000
$2,775,225 by Hammerness Lawrence
Mortgage Due Feb 27, 2054
Sold Oct 19, 2016
$2,850,000

About This Property

Set on a prime Venice Big Lot, mid-block on coveted Preston Way, this investment represents an opportunity to build one of Venice's most significant contemporary residences. Architectural firm, Woods + Dangaran, AIA masterfully explore and define this luxurious space set on an extraordinary lot of nearly 11,000sf (63 feet wide by 173 feet deep). Woods + Dangaran were commissioned to design a timeless modernist home with a clean and classic aesthetic. The subtle layout of the home was intentional to offer a distinctive and different addition to the neighborhood. A diligent focus on light coupled with a fluid integration of indoor/outdoor transition and landscape creates a sanctuary of warmth and privacy that is quietly luxurious and elegantly fluid.Setback, shrouded in privacy from the street, the main residence of 3 levels provides every conceivable amenity with the utmost attention to quality, detail, function and refined finishes. Skylights and walls of glass beam light into the gourmet kitchen with large center isle/built in seating and high ceilings.   The kitchen opens to an opulent living room framed by front meditation courtyard and entertainment loggia/ grassy backyard.   A separate prep kitchen also overlooks the swimmer's pool yard.  Interior atrium halls with floor to ceiling glass walls, a flanked water feature and landscape artfully guide one through the first and second floor levels. Both the upstairs and basement mark a continuation of spatial experiences. The entire upstairs rear wing features a lavish primary suite with walk in closet and spa like bath that is separated from two additional bedrooms and a separate reading room.  The 2,400sf basement is simply amazing.  Mature Japanese Maple trees rise from the basement floor to the first-floor courtyard atrium.  A flexible basement features a 300-bottle wine cellar, full media room, open bar, separate private office, private guest suite, elevator to all three floors and complete gym.  A detached 450sf ADU/pool house with private bedroom complements this stunning architectural compound.

The manager has listed the unit size as 7680 square feet.
Unit Size
7,680Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$416
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952

Price History

Date / Event Date Event Price
Jan 4, 2024 No longer available -
No longer available
Dec 31, 2023 In contract -
In contract
Jul 18, 2023 Listed $3,195,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,150
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DURLEY PARK
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DURLEY PARK LOT/SEC 93

Ownership

  • Current Owner : LAWRENCE KARL HAMMERNESS TRUST
  • Current Owner 2: HAMMERNESS
  • Previous Owner : OAKANDWELSH LLC
  • Owner Before Previous Owner: SIVILS RONNY LEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273100

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 49-D2
  • Parcel: 4244-027-015
  • Lot: 93
  • Municipality: WEST /MAR VISTA N.
  • Latitude: 34.0024
  • Longitude: -118.455

    Address

  • Full Address: 1246 Preston Way
  • Address - House Number: 1246
  • Address - Street Name: Preston
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Venice
  • Carrier Code: C023
  • 4-Digit Zip Code: 2944
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $38,481
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2338
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 67
  • Final Value: 2,612,165
  • High Value: 3,223,102
  • Low Value: 2,001,228

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,775,225
  • First Open Lien Mortgage Lender: HAMMERNESS LAWRENCE
  • First Open Lien Mortgage Recording Date: Feb 27, 2024
  • First Open Lien Mortgage Loan Amount: $2,775,225
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 27, 2054
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,179,226
  • Assessed Land Value: $3,123,452
  • Assessed Improvements Value: $55,774

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918568555
  • Current Sale Price: $2,980,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 1789
  • Previous Sale Recording Date: Oct 19, 2016
  • Previous Sale Contract Date: Sep 12, 2016
  • Previous Sale Amount: $2,850,000
  • Previous Sale Document Type: Grant Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5.5 Baths
3,950 ft²
$820/ft²
$3,240,000 Aug 12, 2023
-
-
House
5 Beds
5 Baths
3,230 ft²
$1,175/ft²
$3,795,555 Sep 11, 2023
-
-
House
4 Beds
3.5 Baths
4,283 ft²
$876/ft²
$3,750,000 Sep 15, 2023
-
-
House
6 Beds
4 Baths
3,993 ft²
$839/ft²
$3,350,000 Nov 3, 2023
-
-
House
6 Beds
5 Baths
3,250 ft²
$1,137/ft²
$3,695,000 Nov 9, 2023
-
-
House
4 Beds
3 Baths
2,934 ft²
$1,244/ft²
$3,650,000 Oct 30, 2023
-
-
House
4 Beds
3 Baths
2,201 ft²
$1,329/ft²
$2,925,000 Nov 30, 2023
-
-
House
4 Beds
1.5 Baths
2,478 ft²
$1,372/ft²
$3,400,000 Oct 4, 2023
-
-
Other
Loft
-
3,535 ft²
$813/ft²
$2,875,000 Jan 13, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1246 Preston Way built and last sold?
The property at 1246 Preston Way was built in 1952 and last sold on Sep 21, 2023 for $2,980,000.
How much is this home worth?
The estimated value of the home located at 1246 Preston Way is $3,226,950.
What are some comparable homes to 1246 Preston Way?
Homes that are comparable to 1246 Preston Way include a house property at 3475 Beethoven Street, 2450 Glencoe Avenue, 822 California Avenue.

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