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Hot Property: 'Hangover' star buys live/work loft in Venice

January 22, 2010 |  6:07 pm

Kicking off this week's Hot Property column is film and television actor Bradley Cooper ("The Hangover," "All About Steve"), who purchased a town house in the 35-unit Dogtown Station in Venice that had been on the market for $1.25 million. He plans to use the 2,198-square-foot loft as office space for his production company.

Here's a look at how home values are faring in Venice compared to some other L.A. neighborhoods. From, the chart indicates that values haven't found a bottom in the current cycle.

Zillow Home Value Index

MDA DataQuick also weighed in this week with sales of existing homes and condos in Venice in  December. Venice's 90291 ZIP Code had 14 home closings last month at a median price of $831,000 or $712 a square foot. That's down 5.0% from December 2008. There were only two condo sales at a median of $853.

-- Lauren Beale

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Photo: A model at the 35-unit complex where actor Bradley Cooper bought a loft. Photo credit: Shi Jun Ng