tomo logo

$1,250,000

Beds
1
Baths
1.5
sq ft
1,010

1113 Electric Ave Unit 1, Venice, CA 90291

1113 Electric Ave Unit 1

Venice, CA 90291

  • 1112 days on market
A perfect office alternative or residence; this one-of-a-kind architectural live-work loft, steps to Abbot Kinney Blvd nightlife and shopping. A light-filled corner unit that offers a townhouse style walk up with private 2-car parking garage, a balcony and a roof deck with 360 views, an open floor plan with 20-foot ceilings and automated smart home features. Divine northern exposure lighting throughout and a fresh ocean air breeze from the living room's industrial sliding door. The covered balcony adjoins both the dining area and modern kitchen w/ Caesarstone countertops, walnut cabinetry, under cabinet lights and stainless appliances. Upstairs is the large sleeping area loft which has extra office/flex space and custom wardrobe closet off the main bathroom. The interior features an additional half-bath, white Terrazzo flooring, automated home lighting, Nest video doorbell/thermostat, motorized black out window coverings, in unit laundry area with washer/dryer, storage & FCFS guest/community parking. Large roof deck space with 360 degree views of city lights from the ocean to Hollywood. This is a rare offering in one of the most sought after Abbot Kinney art loft buildings.

Details

Property type

Townhouse

Est. home value

$1,271,489

Property condition

Updated/Remodeled

Lot size

0.3303 acres

Price per sq ft

$1,238

Year built

2000

Monthly HOA fee

$525

Price History

07/25/2023
CLAW

CLAW #21797330

Listed
$1,250,000

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

$382,239
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$767,761
Cash to seller
$382,239

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

November 2021

Original loan amount

$822,000

Est. remaining balance

$767,761

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Anne Marie Graf

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?

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Status: Active

Tomo last checked: 11/05/2024 at 8:45 AM

Listing updated: 09/30/2024 at 12:02 PM

Listed by: Jackie Theis, Power Brokers Phone #: (310) 402-5593

MLS: CLAW #21797330

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