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1500 Louella Avenue, Venice, CA 90291

$4.29M5bd · 5ba · 3,817 sqft
Lot 5,963 sqft•Single Family Residence•
Active
•10d on market•MLS# 00-26994151

Property Description

Perched above the lush fairways and open green space of Penmar Park, Penmar Noir, a New Construction, is a bold architectural statement that redefines modern luxury in the heart of Venice. Wrapped in a dramatic black exterior, this custom-designed five-bedroom, five-bathroom residence commands attention while offering a rare sense of sophistication. Every inch of the home has been meticulously crafted with bespoke finishes and uncompromising attention to detail. Expansive walls of glass flood the interiors with natural light and frame picturesque park views, while seamlessly connecting indoor and outdoor living spaces. The open-concept floor plan is anchored by a designer chef's kitchen featuring custom cabinetry, premium appliances, and handcrafted stone surfaces that blend functionality with refined elegance. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bathroom, oversized walk-in closet, and tranquil views overlooking Penmar's iconic greenery. Four additional bedrooms offer exceptional comfort and flexibility for family, guests, or work-from-home living. Outside, a resort-style courtyard awaits. A sparkling pool and curated outdoor entertaining spaces create the perfect setting for sun-soaked afternoons, al fresco dining, and unforgettable evenings under the stars. Mature landscaping enhances the sense of seclusion while complementing the home's striking contemporary architecture. Located moments from Venice's renowned beaches, Abbot Kinney, Rose Avenue, and some of the Westside's finest dining and shopping, Penmar Noir offers a rare opportunity to own a truly one-of-a-kind custom residence where architectural design, luxury craftsmanship, and an unparalleled location come together effortlessly.

Features & Amenities

FeeBuilt 2026

Property Details

Land Type
Fee
Year Built
2026
Property Type
Residential
Property Subtype
Single Family Residence
Heating
Central
Cooling
Central Air
View
Golf Course, Mountain(s)
City
Venice
Zip Code
90291
County
Los Angeles
Listed byUnknown Office, Joe Nasr

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$21,717.86
Principal & Interest
Loan Amount
$3,436,000
Total Interest
$4,382,429
Total Payment Over 30 Years
$7,818,429
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1500 Louella Avenue, Venice, CA 90291

Venice · Single Family Residence

$4.29M
Luxury Tier
Beds
5
Baths
5
Sqft
3,817
Lot
5,963 sqft
Year
2026
$/Sqft
$1125
Pool: Yes✓
Spa: No✓
View: golf✓

Listed 3.7% below the median closed sale of $4,460,000. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $4.29M· $1,125/sqft
Total list price
Closed comps
vs closed median $4.46M
−$165K (−3.7%)
Active comps
vs active median $4.50M
−$200K (−4.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,098
+$27 (+2.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
745 Sunset AvenueVenice2025574,5975,798$934$4.29M4071
1620 Electric AvenueVenice2019563,7903,910$1,292$4.89M11970
213 Horizon AvenueVenice2019453,8003,061$1,104$4.20M17365
2319 Penmar AvenueVenice2019454,4775,406$1,072$4.80M7762
741 Brooks AvenueVenice1930564,1385,148$1,086$4.50M9061
Total: 5 · Average4.65.84,160.44,664.6$1,097.6$4.54M99.8
Median4,138$4.50M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2324 Boone AvenueVenice200509/16/2026443,9115,004$3.98M$3.77M$9650.9513369
2040 Glencoe AvenueVenice202608/14/2026453,8005,468$4.75M$4.70M$1,2370.997868
2445 Glyndon AvenueVenice202509/11/2026563,9505,850$4.65M$4.65M$1,1771.0024167
752 Palms BoulevardVenice201506/12/2026453,4195,301$4.50M$4.46M$1,3040.998964
2026 Louella AvenueVenice202606/30/2026453,4005,460$4.09M$3.95M$1,1620.964664
Total: 5 · Average4.25.03,6965,416.6$4.31M$4.31M$1,169—117.4
Median3,800$4.46M$4.46M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.