898 Commonwealth Ave, Venice, CA 90291 - View 1
898 Commonwealth Ave, Venice, CA 90291 - View 2
898 Commonwealth Ave, Venice, CA 90291 - View 3

898 Commonwealth Ave, Venice, CA 90291

Sale Price: $5,000,000
Mar 7, 20243,898 sqft3 beds5 baths
Listed by: Crosby Doe
License #: 00463731
Phone #: 310-275-2222
Crosby Doe Associates, Inc.
Source:
CRMLS Logo
MLS #: 24366195

Property Description

Back on the Market with new pricing. The John Baldessari Gallery Residence, 2018, Frank O. Gehry, CC, FAIA. John Baldessari and Frank Gehry! As impossible to pigeonhole a style of these giants of art and architecture, so it is with their collaboration on John's own home, the model of which was featured center at LACMA's Frank Gehry Retrospective. It's modern, of course, and constructed of the finest materials and accessories available, but in understanding the work, and its success, these terms seem almost irrelevant. It is probably best described in terms of function.Frank and John were friends. From stories about John, one can imagine a request that may have gone like this: Frank, I'm tired of traipsing up and down stairs every time I want something from the kitchen. I want my bedroom to be just steps from everything: my art, my library, the kitchen, and an outdoor place where I can enjoy a cigar, a glass of wine, and a view of the golf course next door. Frank achieved these requirements by pinwheeling the living space and gallery around a cloistered heptagonal courtyard, thus referencing, if not by shape, the program of the early California Missions. Reversing tradition, the master bedroom is on the ground floor, while the guest bedrooms are on the second floor. An elevator contiguous to the master bedroom ascends to the rooftop patios with golf course and city vistas.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$71,424

TurboHome Estimated Value

$5,330,800

$1,368 sqft

High Valuation
$5,597,340
$1436/sqft
Normal Valuation
$5,330,800
$1368/sqft
Low Valuation
$5,064,260
$1299/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1368/sqft$5,330,800

Neighborhood: Venice

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Comparative Value

$3.45M

$3.64M

$4.20M

$4.44M

$5.00M

$5.90M

916 Vernon Ave, Venice, CA 90291

Sale Price: $3,450,000

Selected Comparable

816 California Ave, Venice, CA 90291

Sale Price: $3,637,500

Selected Comparable

2025 Walnut Ave, Venice, CA 90291

Sale Price: $4,195,000

Selected Comparable

518 Sunset Ave, Venice, CA 90291

Sale Price: $4,442,916

Selected Comparable

898 Commonwealth Ave, Venice, CA 90291

Sale Price: $5,000,000

Selected Comparable

898 Commonwealth Ave, Venice, CA 90291

List Price: $5,900,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
898 Commonwealth Ave, Venice, CA 90291

898 Commonwealth Ave, Venice, CA 90291

List: $5,900,000

Listed: 3/7/2024

Area:3,898 sqft
Price/sqft:$1,514
Beds:3
Baths:5
Year Built:
Lot Size:10,226

Comparable Properties

COMPARABLE
Choose comps
898 Commonwealth Ave, Venice, CA 90291

898 Commonwealth Ave, Venice, CA 90291

Sale: $5,000,000

10/29/20240.00 mi

Area:3,898 sqft
Price/sqft:$1,283
Beds:3
Baths:5
Year Built:
Weight:25.3%
916 Vernon Ave, Venice, CA 90291

916 Vernon Ave, Venice, CA 90291

Sale: $3,450,000

2/4/20250.29 mi

Area:3,618 sqft
Price/sqft:$954
Beds:4
Baths:5
Year Built:
Weight:19.5%
518 Sunset Ave, Venice, CA 90291

518 Sunset Ave, Venice, CA 90291

Sale: $4,442,916

7/10/20250.58 mi

Area:3,171 sqft
Price/sqft:$1,401
Beds:4
Baths:5
Year Built:
Weight:18.7%
2025 Walnut Ave, Venice, CA 90291

2025 Walnut Ave, Venice, CA 90291

Sale: $4,195,000

12/10/20240.77 mi

Area:4,132 sqft
Price/sqft:$1,015
Beds:4
Baths:5
Year Built:
Weight:18.3%
816 California Ave, Venice, CA 90291

816 California Ave, Venice, CA 90291

Sale: $3,637,500

6/9/20250.64 mi

Area:3,202 sqft
Price/sqft:$1,136
Beds:4
Baths:5
Year Built:
Weight:18.3%

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