
1500 Louella Avenue, Venice, CA 90291
1500 Louella Avenue, Venice, CA 90291
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Venice · Single Family Residence
Listed 6.6% below the median closed sale of $4,600,000. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 745 Sunset Avenue | Venice | 2025 | 5 | 7 | 4,597 | 5,798 | $934 | $4.29M | 46 | 71 |
| 1620 Electric Avenue | Venice | 2019 | 5 | 6 | 3,790 | 3,910 | $1,292 | $4.89M | 125 | 70 |
| 213 Horizon Avenue | Venice | 2019 | 4 | 5 | 3,800 | 3,061 | $1,104 | $4.20M | 179 | 65 |
| 2319 Penmar Avenue | Venice | 2019 | 4 | 5 | 4,477 | 5,406 | $1,072 | $4.80M | 83 | 62 |
| 741 Brooks Avenue | Venice | 1930 | 5 | 6 | 4,138 | 5,148 | $1,086 | $4.50M | 97 | 61 |
| Total: 5 · Average | 4.6 | 5.8 | 4,160.4 | 4,664.6 | $1,097.6 | $4.54M | 106 | |||
| Median | 4,138 | $4.50M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2324 Boone Avenue | Venice | 2005 | 09/16/2026 | 4 | 4 | 3,911 | 5,004 | $3.98M | $3.77M | $965 | 0.95 | 133 | 69 |
| 2040 Glencoe Avenue | Venice | 2026 | 08/14/2026 | 4 | 5 | 3,800 | 5,468 | $4.75M | $4.70M | $1,237 | 0.99 | 78 | 68 |
| 2445 Glyndon Avenue | Venice | 2025 | 09/11/2026 | 5 | 6 | 3,950 | 5,850 | $4.65M | $4.65M | $1,177 | 1.00 | 241 | 67 |
| 2132 Walnut Avenue | Venice | 2026 | 10/08/2026 | 5 | 6 | 4,050 | 5,381 | $4.70M | $4.60M | $1,136 | 0.98 | 26 | 67 |
| 752 Palms Boulevard | Venice | 2015 | 06/12/2026 | 4 | 5 | 3,419 | 5,301 | $4.50M | $4.46M | $1,304 | 0.99 | 89 | 64 |
| Total: 5 · Average | 4.4 | 5.2 | 3,826 | 5,400.8 | $4.44M | $4.44M | $1,163.8 | — | 113.4 | ||||
| Median | 3,911 | $4.60M | $4.60M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.