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1215 Appleton Way

Steve Savitsky Of Ground Control Sells Venice Compound At 1209 And 1215 Appleton Way For $13.5M
SOLDSingle Family

Steve Savitsky Of Ground Control Sells Venice Compound At 1209 And 1215 Appleton Way For $13.5M

1215 Appleton Way

$13,500,000

Building Size

Asset Type

Single Family

Closing

Jun 3, 2025

AI

A Venice compound at 1209 and 1215 Appleton Way has gone into contract for $13.5 million. The property spans 22,000 square feet and includes two estates, featuring a main home that exceeds 6,500 square feet, which is equipped with a screening room and sports court.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $13,500,000
  • Address: 1209 & 1215 Appleton Way
  • Market: Venice
  • Seller: Steve Savitsky - Ground Control
  • Broker Representatives: Elisa Crispi & Tracey Becker - Compass

The transaction showcases the involvement of entertainment business manager Steve Savitsky as the property owner and the collaboration of brokers Elisa Crispi and Tracey Becker from Compass, responsible for representing the sale of the property.

Players

Tracey Becker

Compass

Broker

$23.5M

vol

2 deals

Broker

Venice Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93