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    1801 Shell Avenue

    Venice, CA 90291
    • $2,095,000
    • STATUS: Active Under Contract
    • ON SITE: 90 days
    • ID#: SR20218213
    Under Contract
    UPDATED: 25 min ago
    $2,095,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,646
      SQFT
    • $792
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    Description

    High Equity Venice Fixer, just 3 blocks from Abbot Kinney Blvd. Charming classic craftsman and detached artists unit, in one of the most tranquil nooks in Venice. The main house shows as a 3+1, with approx 1800 SF, and plenty of space to potentially reconfigure. There are also multiple bonus areas, including a large enclosed sunroom that adds to the spacious, open feel of the home. Most of the original details and built-ins are still in place, providing an opportunity to update the property while still respecting the original character of the house and neighborhood. Other craftsmans in the area have also added a 2nd story to the original homes. In the back of the lot sits an 856 SF, detached, 1 + 1 unit, which can also be accessed through its own private fence on Superba. A current average sales price of $1290 / SF for homes in 90291, would give a possible after repair value in the mid 3s. With many of the properties in the immediate vicinity being listed or sold for well above the average, there is significant upside potential for an investor who can bring the property up to the current neighborhood standards, or an owner/builder who is willing to put in the sweat equity to customize their dream home while maximizing ROI. This is a fixer and the entire property is in need of significant updating and repairs.

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    Based on information from CRISNet MLS as of 2021-01-15T20:56:19.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-15T20:56:19.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/111106646
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    1801 Shell Avenue Venice, CA 90291

    • Price: $2,095,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: SR20218213
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,646
    SQFT
    $792
    $/SQFT
    1912
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    High Equity Venice Fixer, just 3 blocks from Abbot Kinney Blvd. Charming classic craftsman and detached artists unit, in one of the most tranquil nooks in Venice. The main house shows as a 3+1, with approx 1800 SF, and plenty of space to potentially reconfigure. There are also multiple bonus areas, including a large enclosed sunroom that adds to the spacious, open feel of the home. Most of the original details and built-ins are still in place, providing an opportunity to update the property while still respecting the original character of the house and neighborhood. Other craftsmans in the area have also added a 2nd story to the original homes. In the back of the lot sits an 856 SF, detached, 1 + 1 unit, which can also be accessed through its own private fence on Superba. A current average sales price of $1290 / SF for homes in 90291, would give a possible after repair value in the mid 3s. With many of the properties in the immediate vicinity being listed or sold for well above the average, there is significant upside potential for an investor who can bring the property up to the current neighborhood standards, or an owner/builder who is willing to put in the sweat equity to customize their dream home while maximizing ROI. This is a fixer and the entire property is in need of significant updating and repairs.
    Exterior Features

    Lot Features Corner Lot Lot Size Area 4047.0000 Parking Total 2.00

    Interior Features

    Common Walls No Common Walls Fireplace Features See Remarks Fireplace YN Yes Flooring Wood Interior Features BalconyBeamed Ceilings Laundry Features Dryer IncludedGas & Electric Dryer HookupInsideWasher Included Laundry YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Street Lights Electric Expense 1200.00 Fuel Expense 0.00 Gross Income 115200.00 Gross Scheduled Income 0.00 Insurance Expense 1200.00 Land Lease YN No Net Operating Income 0.00 New Construction YN No New Taxes Expense 39800.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 44000.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 44000.00 Trash Expense 600.00 Water Sewer Expense 1200.00 Water Source Public Zoning Lar2

    Listing provided courtesy of Mike Motamedi, CA DRE# , of Big Block Realty.


    Based on information from CRISNet MLS as of 2021-01-15T20:56:19.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-15T20:56:19.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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