1801 Shell Avenue

Description

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