Looking back on the biggest real estate stories of the year in the Venice area
As 2022 comes to a close, here are the top 10 real estate stories for the Venice area.
Former Home of Late Venetian Artist John Baldessari Sells for $3.9 Million
February 6, 2022 – The renovated Craftsman home at 2623 3rd St in Santa Monica, CA sold for slightly over its listed price. John Baldessari originally purchased the single-family, 3 bedroom, two bathroom home, built-in 1903, in 1990 for $660,000. Full article here.
Venice’s Radius House Redesigned as ‘Living Sculpture’
March 11, 2022 – Pentagon has redesigned Venice’s Radius House as a “living sculpture with an art-deco-esque curving facade reminiscent of a cylindrical drum.” as reported by The Spaces.com. Located at 640 Milwood Ave, this is Pentagon’s first “ground up” residential renovation project. The home is a 3700 sq ft, 4 bedroom, 4.5 bathroom residence that Engel & Völkers.com describes as “sculptural interior spaces and articulated facades, giving it a distinctive presence in an area recognized for expressive residential designs.” that The Spaces.com says “celebrates geometry”. The home now features a central courtyard on three sides that features “Lush landscaping by Sarita Jaccard Design surrounds a raised basalt slab containing a pool, sundeck, and fireplace, conceptualized as a bento box” in a Japanese Zen garden style. The staircase, rather than being a design afterthought, is the centerpiece of home as “a cantilevered grand stair encircles a central atrium illuminated from above by a large oculus walkable skylight embedded in the outdoor roof terrace.The interior of the residence introduces finish selections that express visual contrast, human scale, and refined materials. The walnut cladding of the curved shelving in the entry continues through the kitchen to the grand stair and central atrium, wrapping upwards to the roof.” Full article here.
Nike Expanding Playa Vista Footprint
April 8, 2022 – Nike will expand its lease at the WE3 building that is on The Water’s Edge campus in Playa Vista as reported by Commercial Observer. The company is taking the entire building and expanding their office’s square footage by 93,166 square feet. All told Nike will have 183,000 square feet which is the entirety of the four story office building. Full article here.
Venice Canal-Adjacent Home With ‘Banksy Shower’ Included Hits Market
July 16, 2022 – A notable and unique home has recently been made available for purchase in Venice. It is an artistic custom home located at 2419 Ocean Avenue and is listed at $2,799,950. This eclectic property has three bedrooms, three and a half baths, with a loft office and a detached guest house that could also be used as studio space for a total of 2,671 square feet of living space on a .62 acre lot. Full article here.
Tenants of Marina del Rey Apartments Sue Landlord Over Background Checks
August 20, 2022 – Equity Residential faces another lawsuit, this time it is a class action lawsuit, alleging invasion of privacy filed in Los Angeles Superior Court, that alleges that the trust company insisted on running consumer reports, rather than just credit checks on their prospective renters that was filed on August 10. Full article here.
One of Venice’s Most Unique Homes Hits Market
September 30, 2022 – One of Venice’s most unique homes is now up for sale as reported by Dwell.com. Tectonic House was designed by noted Austrian architecture firm Coop Himmelblau in 2001 and is located at 513 Grand Boulevard in Venice, California. The current price for the listing is $5,800,000. Full article here.
Venice’s Thatcher Yard Construction Goes Vertical
October 22, 2022 – Thomas Safran & Associates have a new development on the way that will bring additional affordable housing to Venice as reported by Urbanize Los Angeles. Located at 3233 S. Thatcher Avenue, the former Thatcher Maintenance Yard, construction on the site is about to “go vertical” after the developers finished the necessary environmental cleanup at the site to make it safe for habitation. Full article here.
Venice Canal Home Formerly Owned by South Park Creator Lists for $6.9 Million
November 19, 2022 – One of the homes on the westward-facing side of the Venice Canal Historic District is up for sale as reported by Forbes.com. 2308 Grand Canal, a home formerly owned by South Park’s Trey Parker, has been listed for sale for $6,999,999. The Forbes listing from agent Paul Salazar of Hilton and Hyland describes the home as “A 2010 architectural build on a rare west-facing lot with great indoor/outdoor flow and 360-degree views from the rooftop deck. This 4 bedroom + 4.5 bath Venice estate features floor-to-ceiling Fleetwood pocket sliders that give you access to an entertainer’s backyard. The chef’s outdoor kitchen includes a sink, ice maker, two refrigerators, two freezers, a BBQ grill, and a commercial-grade wok range. Enjoy sunsets in the stainless steel jetted hot tub, and sunbathe on the daybed with views to the Grand Canal.” Full article here.
Mini Mixed-Use Development Planned for Rose Avenue in Venice
December 10, 2022 – Marjan Sarsha, the founder of Kreation Organic Juice has filed an application to redevelop the property at 726 Rose Avenue with the Los Angeles Department of City Planning as reported by Urbanize Los Angeles. The single-family home from the 60s on the site might give way to a much different structure. Sarshar is doing this through the LLC, Amadora Heights. Full article here.
City Council Extends A Bridge Home Venice Lease
November 11, 2022 – Los Angeles City Council has approved a lease extension for Venice’s A Bridge Home homeless shelter. Full article here.