See Home Value
$2,868,313*
House - Off Market

1902 Penmar AVE

VENICE, CA 90291
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
3154 Sqft
$2,516,000 - $3,074,000
Reference Base Price*
2.62%
Since Mar 1, 2022
CA-Los Angeles
Primary Model
Sold Feb 15, 2022
$2,780,000
$1,832,000 by Bank Of America Na
Mortgage Due Mar 01, 2052

About This Property

With one home remaining, THE ENCLAVE on Penmar is an architecturally modern collection of three contemporary homes. Located in a beautiful neighborhood where Mar Vista meets East Venice. 1902 Penmar is the last available of three exclusive residences of the collection and is graced with custom architectural details and deluxe flourishes throughout. This newly constructed contemporary residence offers a thoughtful floor plan boasting abundant natural light, peaceful views, and dual balconies for indoor-outdoor living. Arrive via a modern oak pivot door where a bright, spacious family room opens to a patio adorned with an eco-friendly lawn and gentle landscaping. A floating staircase adds dramatic flair and frames a charming alcove seating area. The upper third floor showcases a brilliant living room with a linear fireplace clad in Venetian plaster, and a formal dining room with a large picture window and wall of glass doors to the sizable balcony. The kitchen boasts bespoke Italian design with Fisher & Paykel appliance suite, walk-in pantry, and built-in shelving. 1902 Penmar elevates the experience of technology driven design and uniquely offers additional upgrades including a pneumatic elevator, Italian designer closet system, security system, sound system, and Savant Smart Home Automation.

The manager has listed the unit size as 3154 square feet.
Unit Size
3,154Ft²
Days on Market
-
Land Size
-
Price per sqft
$886
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Feb 17, 2022 No longer available -
No longer available
Jan 13, 2022 In contract -
In contract
Dec 8, 2021 Listed $2,795,000
Listed
Oct 21, 2021 No longer available -
No longer available
Sep 14, 2021 Price Decreased $2,890,000
↓ $8K (0.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,754
  • Total Building Area: 3,400
  • Building Area: 3,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.063
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PM 408-1-2 EX OF ST LOT C

Ownership

  • Current Owner : KAPADIA HUZEFA
  • Previous Owner : 1900 PENMAR VENTURES LLC
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 273700

Zoning

  • Zoning: LARD3

Geography

  • Parcel: 4242-013-028
  • Lot: C
  • Municipality: WEST /MAR VISTA/WALGR
  • Latitude: 34.0005
  • Longitude: -118.455

    Address

  • Full Address: 1902 Penmar Ave
  • Address - House Number: 1902
  • Address - Street Name: Penmar
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Venice
  • Carrier Code: C023
  • 4-Digit Zip Code: 2950
  • Zip Code: 90291

Valuation

    Tax

  • Tax Amount: $0
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 96
  • Final Value: 2,774,466
  • High Value: 2,962,470
  • Low Value: 2,586,462

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,832,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Feb 15, 2022
  • First Open Lien Mortgage Loan Amount: $1,832,000
  • 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: Mar 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,835,600
  • Assessed Land Value: $1,530,000
  • Assessed Improvements Value: $1,305,600

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Feb 15, 2022
  • Current Sale Transaction ID: 11879525117
  • Current Sale Price: $2,780,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 184264

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Feb 15, 2022
  • First Mortgage Loan Amount: $1,832,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3.5 Baths
3,112 ft²
$948/ft²
$2,950,000 Mar 16, 2023
-
-
House
4 Beds
4 Baths
2,790 ft²
$914/ft²
$2,549,000 Jan 26, 2023
-
-
House
4 Beds
4 Baths
2,917 ft²
$1,095/ft²
$3,195,000 Mar 2, 2023
-
-
House
4 Beds
3 Baths
1,770 ft²
$1,412/ft²
$2,499,000 Mar 15, 2023
-
-
House
5 Beds
4.5 Baths
3,100 ft²
$1,065/ft²
$3,299,999 Oct 21, 2022
-
-
Condo
4 Beds
4 Baths
2,943 ft²
$845/ft²
$2,488,000 Feb 17, 2023
-
$460/mo
House
3 Beds
3.5 Baths
1,945 ft²
$1,362/ft²
$2,650,000 Mar 10, 2023
-
-
In Contract
House
3 Beds
2.5 Baths
1,938 ft²
$1,186/ft²
$2,299,000 Feb 23, 2023
-
-
House
3 Beds
2.5 Baths
1,777 ft²
$1,379/ft²
$2,450,000 Mar 1, 2023
-
-
House
3 Beds
3 Baths
1,428 ft²
$1,733/ft²
$2,475,000 Feb 16, 2023
-
-
House
2 Beds
2 Baths
1,603 ft²
$1,716/ft²
$2,750,000 Jan 30, 2023
-
-
In Contract
House
1 Bed
1 Bath
660 ft²
$3,635/ft²
$2,399,000 Jan 26, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 1902 Penmar Avenue built and last sold?
The property at 1902 Penmar Avenue was built in 2021 and last sold on Jan 12, 2022 for $2,780,000.
How much is this home worth?
The estimated value of the home located at 1902 Penmar Avenue is $2,861,954.
What are some comparable homes to 1902 Penmar Avenue?
There are currently no comparable homes to 1902 Penmar Avenue.

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