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$5,400,000

Beds
11
sq ft
4,826

315 Vernon Ave, Venice, CA 90291

315 Vernon Ave

Venice, CA 90291

  • 313 days on market
    • Price drop $300,000↓
*** 3rd Price Reduction - $750,000 from original listed price *** The Villas of Venice are an eclectic collection of 6 masterfully Craftsman bungalows built in 1906 & 1922 and completely restored to their original charm. Set on an idyllic resort-like lot, creating a private hideaway yet located steps from Venice Beach and Abbot Kinney Blvd. Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist. Classic Hollywood Golden era accents including deep green colored cabinets, brass hardware, and a Hollywood Regency style chandelier add a true retro glamour factor to one of the restored kitchens. The extensive use of subway tiles in kitchens and baths creates a retro vibe for today. Breakfast nooks and window seats make these the perfect casual beach bungalows. Each bright and spacious unit features hardwood floors, exposed beams, and ornate detailing in the kitchen and bathroom. Unit interiors include stainless steel appliances, central A/C, and heat, and in-unit washer and dryer. Shared outdoor living space creates community here. The Villas of Venice is part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations.

Details

Property type

Property condition

Updated/Remodeled

Lot size

0.2757 acres

Price per sq ft

$1,119

Year built

1922

HOA

No

Price History

09/26/2024
CLAW

CLAW #24357403

Listed
$5,400,000
09/13/2024
CLAW

CLAW #24357403

Pending
$5,400,000
08/20/2024
CLAW

CLAW #24357403

Price change
$5,400,000
-5.26%

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

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

$4,839,757
Asking price
$5,400,000
Closing costs (~8% of asking)
-$432,000
Est. remaining loan balance
-$128,243
Cash to seller
$4,839,757

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

Seller’s Loan History

Lender

North American Mtg

Loan start date

December 2001

Original loan amount

$300,000

Est. remaining balance

$128,243

Interest rate

6.56%

Loan type

Not Provided, 30 year

Seller

Errol Jacobs and G R Perreau Saussine

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: 12/22/2024 at 8:35 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Kenny Stevens, Compass Phone #: (310) 230-5478

MLS: CLAW #24357403

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