35 Dudley Avenue, Venice, California 90291, Venice, 90291 - 6 bed, 4 bath
ACTIVE$2,900,000
35 Dudley Avenue, Venice, California 90291
6Beds
4Baths
2,160Sqft
3,225Lot
Year Built
1963
Close
-
List price
$2.9M
Original List price
$3.5M
Price/Sqft
$1,343
HOA
-
Days on market
-
Sold On
-
MLS number
25482031
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.90M(75th), sqft - 2160(63th), beds - 6(94th), baths - 4(76th).
Steps from the sand on a lovely Venice walk street. This building (1/2 block from the sand) has a total of 6-bedrooms + 4-baths on 2 levels. Great development potential. Room to expand the footprint of existing building. Large alley area with room for possible ADU atop existing parking. Currently totally furnished and rented, can be sold furnished to keep renting during planning phase. Owner is licensed real estate broker.
Price History
Date
Event
Price
11/09/06
Sold
$1,665,000
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the kitchen features updated white shaker cabinets and stainless steel appliances, the granite countertops and dated flush-mount light fixtures suggest the renovation was not recent or comprehensive. The presence of a wall-mounted AC unit instead of central HVAC is a significant indicator of an older system. No bathroom images were provided, which often implies they are not a selling point. The overall condition suggests the home is aged but maintained with occasional updates, requiring further modernizations to meet current standards, aligning with the 'Fair' category.
Pros & Cons
Pros
Exceptional Beachside Location: The property is located 'steps from the sand on a lovely Venice walk street,' offering unparalleled access to the beach and the highly sought-after Venice lifestyle.
Significant Development Potential: The listing explicitly highlights 'great development potential,' with 'room to expand the footprint of existing building' and a 'large alley area with room for possible ADU atop existing parking,' providing substantial upside for future value creation.
Immediate Income Stream: The property is 'currently totally furnished and rented,' offering a valuable income stream from day one, with the option to be 'sold furnished to keep renting during planning phase.'
Versatile Layout: With 6 bedrooms and 4 bathrooms across two levels, the property offers a flexible layout suitable for various uses, including potential multi-unit conversion or a spacious family residence.
Walk Street Appeal: Its location on a 'lovely Venice walk street' enhances the property's unique charm and desirability, contributing to a pedestrian-friendly and distinctive living experience.
Cons
Potential Overpricing: The current list price of $2.9M is significantly higher than the property's estimated value of $2.078M and its last recorded sale price of $1.665M in 2006, suggesting it may be overpriced relative to current market valuations.
Age of Structure & Unknown Condition: Built in 1963, the property's age implies that the existing structure may be dated and could require substantial renovation or demolition, especially given the emphasis on 'development potential' rather than current condition.
Limited Information on Current State: The description focuses on future potential and rental status but lacks specific details on the current interior condition, finishes, or any recent upgrades, which could indicate a need for significant investment beyond the purchase price.