1308 Cabrillo Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
ACTIVE$1,495,000
1308 Cabrillo Avenue, Venice, California 90291
2Beds
1Bath
754Sqft
2,700Lot
Price Vs. Estimate
The estimated value ($1,482,437.16) is $12,562.84 (0%) lower than the list price ($1,495,000). This property may be overpriced.
Key pros and cons
Top Pros:
Premier Venice Location: The property boasts an 'unbeatable Venice Location' on a 'sought-after and quieter street,' identified as a 'rare trophy lot,' indicating high desirability and intrinsic value.
Top Cons:
Small Existing Structure: The current residence is only 754 sqft, which is a very compact living space, likely requiring significant expansion or a complete rebuild to maximize the potential of the 'trophy lot'.
Compared to the nearby listings
Price:$1.50M vs avg $2.28M ($-787,500)5%
Size:754 sqft vs avg 1,818 sqft5%
Price/sqft:$2.0K vs avg $1.3K94%
More Insights
Built in 1953 (72 years old).
Condition: The property was built in 1953, making it over 70 years old. There are no interior images or descriptions of any recent renovations, particularly for the kitchen or bathrooms. The listing heavily emphasizes the 'rare trophy lot' and the 'seller has two sets of plans,' strongly indicating that the value lies in the land and its redevelopment potential, rather than the existing structure. The property analysis explicitly notes the 'Age of Property' as a weakness, suggesting 'outdated systems, finishes, and the need for considerable investment if the buyer intends to live in or extensively renovate the current home rather than rebuild.' This aligns with the 'tear-down' criteria, where the structure is beyond practical repair for modern living and the property's value is based solely on the land.
Year Built
1953
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$1,983
HOA
-
Days on market
-
Sold On
-
MLS number
25521759
Home ConditionTear down
Features
Good View: City Lights, Peek-A-Boo, Trees/Woods
ViewCity Lights,Peek-A-Boo,Trees/Woods
About this home
Unbeatable Venice Location! This rare trophy lot is perfectly situated on one of the most sought-after and quieter streets in Venice. The property has a head-on view of one of the best blocks of Abbot Kinney, which is fewer than 100 steps away. Many of LA's best restaurants, cafes, and boutiques are just a few minutes' stroll away, and the beach in less than 10. With a vibrant community known for its artists, musicians and tastemakers, this is your chance to become a part of a famous cultural hub and eclectic beachside haven. Seller has two sets of plans.
Condition Rating
Tear down
The property was built in 1953, making it over 70 years old. There are no interior images or descriptions of any recent renovations, particularly for the kitchen or bathrooms. The listing heavily emphasizes the 'rare trophy lot' and the 'seller has two sets of plans,' strongly indicating that the value lies in the land and its redevelopment potential, rather than the existing structure. The property analysis explicitly notes the 'Age of Property' as a weakness, suggesting 'outdated systems, finishes, and the need for considerable investment if the buyer intends to live in or extensively renovate the current home rather than rebuild.' This aligns with the 'tear-down' criteria, where the structure is beyond practical repair for modern living and the property's value is based solely on the land.
Pros & Cons
Pros
Premier Venice Location: The property boasts an 'unbeatable Venice Location' on a 'sought-after and quieter street,' identified as a 'rare trophy lot,' indicating high desirability and intrinsic value.
Exceptional Walkability & Amenities Access: Located 'fewer than 100 steps away' from Abbot Kinney and a 'few minutes' stroll' from LA's best restaurants, cafes, and boutiques, offering unparalleled convenience and lifestyle.
Proximity to the Beach: The beach is 'less than 10' minutes away, providing easy access to coastal recreation and enhancing the property's appeal for a beachside lifestyle.
Significant Development Potential: The presence of 'two sets of plans' from the seller, coupled with the 'rare trophy lot' designation, suggests substantial opportunity for redevelopment, expansion, or custom home construction.
Vibrant Cultural Community: Situated within a 'vibrant community known for its artists, musicians and tastemakers,' offering a unique cultural hub and eclectic beachside haven experience.
Cons
Small Existing Structure: The current residence is only 754 sqft, which is a very compact living space, likely requiring significant expansion or a complete rebuild to maximize the potential of the 'trophy lot'.
Limited Bathroom Count: With only 1 bathroom, the existing property offers limited facilities, which may not meet the needs of modern buyers or larger households without substantial renovation.
Age of Property: Built in 1953, the existing structure is over 70 years old, suggesting potential for outdated systems, finishes, and the need for considerable investment if the buyer intends to live in or extensively renovate the current home rather than rebuild.