905 5th Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
ACTIVE$1,147,000
905 5th Avenue, Venice, California 90291
2Beds
1Bath
900Sqft
1,350Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Venice Location: The property boasts an exceptional location, just blocks from the sand and a stone's throw from the vibrant Abbot Kinney Blvd, with easy access to popular local spots like Gjusta, RVR, Felix, and Rose Avenue's shops and dining.
Top Cons:
Compact Living Space: At 900 sqft with 2 bedrooms and only 1 bathroom, the interior living space is relatively small, which may not suit all buyer needs or family sizes.
Compared to the nearby listings
Price:$1.15M vs avg $2.28M ($-1,135,500)2%
Size:900 sqft vs avg 1,818 sqft8%
Price/sqft:$1.3K vs avg $1.3K47%
More Insights
Built in 1924 (101 years old).
Condition: Despite being built in 1924, this bungalow has undergone a recent and extensive renovation, as stated in the description and clearly evidenced by the images. The kitchen features modern stainless steel appliances, shaker-style cabinets, and a contemporary backsplash, all appearing new or virtually new. The flooring throughout the living areas and bedrooms is dark hardwood in excellent condition, complemented by modern recessed lighting and ceiling fans. The presence of a mini-split AC unit indicates updated climate control. All visible components meet current quality standards, showing no deferred maintenance and minimal physical depreciation, aligning perfectly with the 'Excellent' condition criteria for a recently renovated property.
Year Built
1924
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$1,274
HOA
-
Days on market
-
Sold On
-
MLS number
25540265
Home ConditionExcellent
Features
View
About this home
Whether you're looking for a starter home or a smart investment for short-term rentals with an approximate 5% CAP rate, this bungalow is a perfect choice. This adorable 2-bedroom, 1-bathroom recently renovated bungalow offers the perfect blend of beach living and modern convenience, just blocks from the sand and a stone's throw from the vibrant Abbot Kinney Blvd. Skylights throughout fill the home with natural light, enhancing its airy, open feel. With a prime location near local favorites like Gjusta, RVR, and Felix, plus the best of Rose Avenue's shops and dining, this home is the ultimate Venice retreat. Enjoy a quick trip to the beach, or relax in your cozy oasis with easy access to the city's best spots. Don't miss the chance to live or invest in one of LA's most sought-after neighborhoods!
Price History
Date
Event
Price
04/21/22
Sold
$1,200,000
11/15/12
Sold
$530,000
Condition Rating
Excellent
Despite being built in 1924, this bungalow has undergone a recent and extensive renovation, as stated in the description and clearly evidenced by the images. The kitchen features modern stainless steel appliances, shaker-style cabinets, and a contemporary backsplash, all appearing new or virtually new. The flooring throughout the living areas and bedrooms is dark hardwood in excellent condition, complemented by modern recessed lighting and ceiling fans. The presence of a mini-split AC unit indicates updated climate control. All visible components meet current quality standards, showing no deferred maintenance and minimal physical depreciation, aligning perfectly with the 'Excellent' condition criteria for a recently renovated property.
Pros & Cons
Pros
Prime Venice Location: The property boasts an exceptional location, just blocks from the sand and a stone's throw from the vibrant Abbot Kinney Blvd, with easy access to popular local spots like Gjusta, RVR, Felix, and Rose Avenue's shops and dining.
Strong Investment Potential: Advertised as a smart investment for short-term rentals with an approximate 5% CAP rate, making it attractive to investors seeking income-generating properties.
Recently Renovated Interior: The bungalow has been recently renovated, offering modern convenience and a move-in ready condition, blending beach living with contemporary updates.
Abundant Natural Light: Skylights throughout the home fill the space with natural light, enhancing its airy and open feel, a desirable feature for coastal living.
Desirable Lifestyle Property: Positioned as the 'ultimate Venice retreat' in one of LA's most sought-after neighborhoods, appealing to buyers seeking a specific lifestyle.
Cons
Compact Living Space: At 900 sqft with 2 bedrooms and only 1 bathroom, the interior living space is relatively small, which may not suit all buyer needs or family sizes.
Limited Lot Size: The 1350 sqft lot is quite small, offering minimal outdoor space and limiting potential for significant future expansion or additional amenities.
Historic Property Considerations: Built in 1924, despite recent renovations, the underlying structure of an older home can sometimes present unforeseen maintenance challenges or require specialized upkeep compared to newer constructions.