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$2,850,000

Beds
5
Baths
3.0
sq ft
2,193

1025 Nowita Pl, Venice, CA 90291

1025 Nowita Pl

Venice, CA 90291

  • 15 days on market
A beautifully remodeled property featuring two distinct homes on one lot. The main residence boasts 1,439 square feet of stylish living space, offering 3 spacious bedrooms and 2 modern bathrooms. The highlight of the main home is the luxurious primary suite, complete with its own fireplace, a separate shower, and a stunning freestanding soaking tub. The second residence is a permitted accessory dwelling unit (ADU) at 754 square feet, featuring 2 bedrooms and 1 bath, with its own address and utilities, the ADU is currently rented out for $4,500/month or can serve as additional living space for guests or family. Both homes showcase open floor plans with gourmet kitchens that include Carrera marble counters, subway tile backsplashes, custom satin grey cabinetry, and all stainless steel appliances. Enjoy modern bathrooms adorned with stylish tile and Grohe faucets, frosted glass interior doors, and abundant natural light from dual-pane windows and glass exterior doors, complemented by skylights throughout. The property sits on private lot, providing serene front and rear yards, fencing, and beautifully landscaped common areas that create a retreat-like atmosphere. Additional custom upgrades include ample closet space, an outdoor fire pit, and numerous interior design touches that elevate the space. Situated just minutes from Rose Avenue, Abbot Kinney shops, and Venice Beach, this property offers unparalleled access to vibrant dining, live music, and shopping nearby. Don't miss out on this opportunity to own a piece of Venice paradise!

Details

Property type

Single Family Residence

Property condition

Updated/Remodeled

Lot size

4,783 sq ft

Price per sq ft

$1,300

Year built

1940

HOA

No

Price History

03/19/2025
CLAW

CLAW #25510023

Listed
$2,850,000
-5%
10/26/2024
CLAW

CLAW #24439953

Removed
$3,000,000
09/18/2024
CLAW

CLAW #24439953

Listed
$3,000,000
+43.75%

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,187,856
Asking price
$2,850,000
Closing costs (~8% of asking)
-$228,000
Est. remaining loan balance
-$1,434,144
Cash to seller
$1,187,856

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2021

Original loan amount

$1,585,000

Est. remaining balance

$1,434,144

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Lisa B Goodman and Lisa B Goodman Separate Property Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 1:10 AM

Listing updated: 04/02/2025 at 8:26 PM

Listed by: Shen Schulz, Sotheby's International Realty Phone #: (310) 456-6431

MLS: CLAW #25510023

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