




1500 Louella Ave, Venice, CA, 90291
About This Home
Perched above the lush fairways and open green space of Penmar Park, Penmar Noir 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.
Getting Around
Schools
Construction
Condition
- Year built: 2026
Materials
- Foundation: Slab
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Disposal,Microwave,Range/Oven,Washer,Tankless Water Heater
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Built-Ins
- Flooring: Engineered Hardwood
- Fireplace features: Electric
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 3,817
- Total interior livable area: 3,817 sqft
Property
Details
- Parcel number: 4244017018
- Attached to another structure: Yes
- Zoning: LAR1
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: In Ground,Heated And Filtered
- Patio & porch: Deck
- Exterior features: Balcony,Rain Gutters
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 5,963 sqft
- Lot size dimensions: 55 x 108
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $23,007 | $276,084 |
| Home Insurance * | $513 | $6,156 |
| Property Taxes | $2,540 | $30,480 |
| Electricity | $818 | $9,822 |
| Total | $26,878 | $322,536 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-14 | Price change | $4,395,000 |
| 2026-06-11 | Listed for sale | $4,550,000 |
| 2025-03-03 | Sold | $1,625,000 |
| 2025-02-05 | Pending sale | $1,590,000 |
| 2025-01-26 | Contingent | $1,590,000 |
| 2025-01-18 | Listed for sale | $1,590,000 |
