1801 Shell Ave., Venice, CA 90291 - SR20218213 - iPro Real Estate
iPro Real Estate

iPro Real Estate

1801 Shell Ave.
Venice, CA 90291

Active, Multi-Family/Income Sale

For Sale

$2,095,000 $517.67 per sqft

Free Professional CMA

Listing ID : SR20218213

  • Garage

    2
  • Lot Size

    4,047 Sqft
  • Year

    1912

Description

High Equity Venice Fixer, just 3 blocks from Abbot Kinney Blvd. Charming classic craftsman and detached artist's 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

Details

Type: Multi-Family/Income Sale 
Subdivision: C11 - Venice 
County: Los Angeles 
Tax ID: 4241027001
Days on Market: 281 
Amenities: Balcony/Patio, Open Beam Ceiling 
Laundry: Dryer, 38, Other, Washer 
Number of Buildings: 1 
Number of Units: 2 
Parking Spaces: 2 
Property Type: Commercial Sale 
Sub Type: Duplex 
Water: District - Public 

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Interactive

33.991131 -118.460823 $2,095,000 SR20218213
1801 Shell Ave., Venice, CA 90291
Directions to here from:

Local Statistics

Area Information 90291

Population:

28,659 Up .01% since 2010
Average Income:
$115,103
Average Age:
38Years
Gender:
51.92%Male
48.08%Female
Households:
14,44815.71% with children
Average Value:
$2,080,884
Occupancy:
32.63%Owned
67.37%Rented
13.14%Vacant
Education:
11.26%High School
4.02%Associate
42.12%Bachelor
20.1%Graduate
Average Residency:
18Years
Crime Rate:
Above Average
Annual Rainfall:
13.48Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

Nearby Schools Venice School Districts

School Name GS Rating Parent Rating Distance

Venice Luthern School

private • K-8
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Distance
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Acton Academy Venice Beach

private • 1-12
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St. Mark School

private • K-8
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Venice Skills Center

public • n/a
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School Name GS Rating Parent Rating Distance

Venice Luthern School

private • K-8
GS Rating

Parent Rating
Distance

Acton Academy Venice Beach

private • 1-12
GS Rating

Parent Rating
Distance

St. Mark School

private • K-8
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Distance

Venice Skills Center

public • n/a
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Distance
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Santa Monica-Malibu Adult

public • n/a
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School Name GS Rating Parent Rating Distance
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Acton Academy Venice Beach

private • 1-12
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Venice Skills Center

public • n/a
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Phoenix Continuation School

public • 9-12
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Venice Senior High School

public • 9-12
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Santa Monica-Malibu Adult

public • n/a
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Tax Assessments

Value

  • Land $1,700,000
  • Improvements $350,000

  • Total $2,050,000

Property Tax

  • 2020 $24,891

History

Date Transaction Price Mortgage Amt & Lender
Date
Jan 27, 2021
Transaction
Sold - Residential Income (2-4 units)CNSR20218213
Price
$2,037,500
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Mike Motamedi with Big Block Realty

Based on information from the MLSListings MLS) as of 5/15/2021. 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 data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/15/2021. 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. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes