
Los Angeles, California 90291
This Stunning New Construction is a Strong Value Opportunity, listed at $4,395,000—positioned well below the $4,581,522 Fair Market Value by 4%. This valuation gap offers $186,522 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this residence boasts a designer chef's kitchen, sparkling pool, and picturesque park views. Its sophisticated, turnkey design provides a seamless lifestyle in the heart of Venice. This is an ideal acquisition for luxury homeowners or discerning investors seeking a premier, high-end asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1500 Louella Avenue Subject | $4,395,000* List Price | 5 | 5 | 3,817 | $1,200 | - |
A 1016 Palms Boulevard Sold | $3,300,000 | 4 | 5 | 3,655 | $903 | 0.6 mi |
B 2040 Glencoe Avenue Sold | $4,700,000 | 4 | 5 | 3,800 | $1,237 | 0.5 mi |
C 2026 Louella Avenue Sold | $3,950,000 | 4 | 5 | 3,400 | $1,162 | 0.4 mi |
D 1531 Louella Avenue Sold | $3,900,000 | 3 | 4 | 3,209 | $1,215 | 0.1 mi |
E 2115 Walnut Avenue Sold | $4,350,000 | 5 | 6 | 3,870 | $1,124 | 0.5 mi |
F 752 Palms Boulevard Sold | $4,460,000 | 4 | 5 | 3,419 | $1,304 | 0.9 mi |
G 1385 Palms Boulevard Sold | $5,154,825 | 5 | 6 | 4,012 | $1,285 | 0.3 mi |
H 2445 Glyndon Avenue Active Under Contract | $4,650,000 List Price | 5 | 6 | 3,950 | $1,177 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Brand new construction (2026) in mint condition. Features a designer chef's kitchen with custom cabinetry, premium appliances, and bespoke stone surfaces. All systems are new, and the home requires no maintenance.
Situated directly overlooking the lush fairways of Penmar Park, the property offers rare, unobstructed green space views and immediate access to outdoor recreation in a high-density urban setting.
As a 2026 new construction, 'Penmar Noir' features a bold, bespoke black exterior and high-end finishes, providing a sophisticated and turnkey luxury experience for discerning buyers.
The home features a seamless indoor-outdoor flow anchored by a private courtyard, sparkling pool, and curated entertaining spaces, maximizing the Southern California lifestyle.
With a lot size under 6,000 square feet, the outdoor space may feel constrained for buyers seeking a larger yard or more significant buffer from neighboring properties.
Priced at $4.395M, the property sits at the top of the local market, which may limit the pool of qualified buyers despite its high-end finishes and new construction status.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,817 | 1,664.159 |
| Lot Size | 5,963 | 6,066.556 |
| Price | $4.39M | $1.35M |
| Price per sq ft | $1.2K | $806 |
| Built year | 2026 | 1939 |
| HOA | $0 | $278 |
| Days on market | 20 | 55 |
Aug 20, 2026
$4,395,000
Initial Listing
Mar 3, 2025
$1,625,000
Public Record