See Home Value
$2,499,168*
House - Off Market

1654 Electric Ave

Venice, CA 90291
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
1777 Sqft
$2,205,000 - $2,695,000
Reference Base Price*
2.01%
Since Jun 1, 2023
CA-Los Angeles
Primary Model
Sold May 05, 2023
$2,275,000
$1,285,876 by Emm Loans Llc
Mortgage Due Jun 01, 2053
Sold Oct 22, 2009
$1,025,000
$820,000 by Bank Of America Na
Mortgage Due Nov 01, 2039

About This Property

Incredible value nestled just off Abbot Kinney! Tucked away in a private, serene setting lies one of the most magical opportunities in Venice! This modern, warm, and soulful duplex offers you the perfect Venice compound. Extensively remodeled, with every detail thought of this beautiful setting offers you endless options in a premiere location - move in and enjoy this retreat, host family and friends in their own space, or utilize the income potential and rent one of the units out for passive income. //About this home: Seamlessly blending original charm with modern refinements, this minimalist home will transcend you into the perfect urban escape. As you enter the front 1 Bdrm/1 Bath front house, you will immediately be taken by the stunning design aesthetic. Enjoy Mafi-engineered wide plank hardwood floors throughout, a spacious open living/dining area, a cozy fireplace, and a tranquil front yard retreat that is separate are private from the front space. The rear 2 Bdrm/1 Bath home also features beautiful Mafi hardwood floors, a sleek gourmet kitchen space, and bi-fold doors that open out to the attached deck that gives you a balance of indoor/outdoor living - ideal for dining al fresco under the stars, sitting by a firepit, or just taking in the ocean breeze. Head up the stairs in the main entry that has soaring ceilings, and an abundance of natural light. The staircase leads you up to your primary bedroom surrounded by picturesque windows and exposed beam ceilings. You will also love the huge walk-in closet, and an additional room downstairs ready for another bedroom, or for your home office/creative haven. Other features include an outdoor fireplace, an electric car charger, vaulted ceilings, an oversized deck, and a tankless water heater to name a few // The Neighborhood: Situated in the heart of Venice, this location steps off Abbot Kinney! If it's dining you want, look no further than the Tasting kitchen, Piccolos, Gjelina, Butcher's Daughter, Cafe Gratitude, and Paloma. With Erewhon market around the corner, and Rose Ave, the Venice Canals, and the Beach are minutes away, all you need is here!

The manager has listed the unit size as 1777 square feet.
Unit Size
1,777Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$1,379
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1923

Price History

Date / Event Date Event Price
May 7, 2023 No longer available -
No longer available
May 5, 2023 Sold to Ricky Jashnani $2,275,000
Sold to Ricky Jashnani
Apr 7, 2023 In contract -
In contract
Mar 17, 2023 Price Decreased $2,450,000
↓ $225K (8.4%)
Price Decreased
Mar 1, 2023 Listed $2,675,000
Listed

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 2
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,984
  • Total Building Area: 1,777
  • Building Area: 1,777
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,777
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VENICE ANNEX
  • Land Acres: 0.092
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: VENICE ANNEX LOT/SEC 21 BLK/DIV/TWN 2

Ownership

  • Current Owner : JASHNANI RICKY
  • Previous Owner : NEUMANN NIKLAS
  • Owner Before Previous Owner: POLITO KENNETH RYAN
  • Owner Before Previous Owner 2: THE POLITO LIVING TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273600

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 49-C4
  • Parcel: 4241-013-021
  • Block: 2
  • Lot: 21
  • Municipality: WEST /VENICE RES INC
  • Latitude: 33.9906
  • Longitude: -118.462

    Address

  • Full Address: 1654 Electric Ave
  • Address - House Number: 1654
  • Address - Street Name: Electric
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C007
  • 4-Digit Zip Code: 4804
  • Zip Code: 90291

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,175
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,368,138
  • High Value: 2,910,870
  • Low Value: 1,825,405

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,285,876
  • First Open Lien Mortgage Lender: EMM LOANS LLC
  • First Open Lien Mortgage Recording Date: May 05, 2023
  • First Open Lien Mortgage Loan Amount: $1,285,876
  • 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: Jun 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,569,057
  • Assessed Land Value: $1,369,183
  • Assessed Improvements Value: $199,874

    Sales

  • Current Sale Contract Date: Apr 05, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Transaction ID: 11906028284
  • Current Sale Price: $2,275,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 294106
  • Previous Sale Recording Date: Oct 22, 2009
  • Previous Sale Contract Date: Aug 07, 2009
  • Previous Sale Amount: $1,025,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMM LOANS LLC
  • First Mortgage Transaction Date: May 05, 2023
  • First Mortgage Loan Amount: $1,285,876
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Oct 22, 2009
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $820,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2039



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3.5 Baths
1,945 ft²
$1,362/ft²
$2,650,000 Mar 10, 2023
-
-
House
3 Beds
3 Baths
1,428 ft²
$1,716/ft²
$2,450,000 Mar 30, 2023
-
-
House
2 Beds
2 Baths
1,603 ft²
$1,716/ft²
$2,750,000 Jan 30, 2023
-
-
House
4 Beds
3 Baths
2,052 ft²
$1,096/ft²
$2,250,000 Mar 23, 2023
-
-
Condo
3 Beds
3 Baths
2,230 ft²
$1,029/ft²
$2,295,000 Mar 24, 2023
-
$1,143/mo
House
2 Beds
2 Baths
1,210 ft²
$1,979/ft²
$2,395,000 Feb 3, 2023
-
-
House
2 Beds
1 Bath
713 ft²
$3,135/ft²
$2,235,000 Mar 17, 2023
-
-
Multifamily
3 Beds
-
-
$2,400,000 Jan 23, 2023
-
-
Multifamily
4 Beds
-
-
$2,400,000 Jan 25, 2023
-
-
Multifamily
6 Beds
-
-
$2,500,000 Aug 5, 2022
-
-
Multifamily
Stu
-
-
$2,875,000 Jan 13, 2023
-
-
Commercial
Loft
-
-
$2,650,000 Mar 2, 2021
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1654 Electric Avenue built and last sold?
The property at 1654 Electric Avenue was built in 1923 and last sold on Apr 5, 2023 for $2,275,000.
How much is this home worth?
The estimated value of the home located at 1654 Electric Avenue is $2,447,024.
What are some comparable homes to 1654 Electric Avenue?
Homes that are comparable to 1654 Electric Avenue include a house property at 1337 6th Avenue, 940 Venezia Avenue, 918 Indiana Avenue.

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