$1,850,000
●
House -
Off Market
2901 CLUNE Avenue
Venice, CA 90291
2 Beds
1 Bath
1,072 Ft²
$2,653,082
RealtyHop Estimate
51.60%
Since Mar 1, 2018
CA-Los Angeles
Primary Model
About This Property
Lush landscaping and swaying palm trees welcome you as you enter
this charming light and bright classic California Bungalow. Located
in a prime location one block from the historic Venice canals and a
short walk to trendy Abbot Kinney, Marina, and the beach. This
breezy 2 bedroom, 1 bathroom dwelling features hardwood flooring,
gas fireplace in the living room and bonus room/den located just
off the kitchen. The 3-car detached garage offers ample space for
your vehicles or for a flex/creative space. Situated steps to the
famous Venice canals, homeowners and developers alike will love
this properties immense upside potential. A short stroll to nearby
shops, restaurants and steps to the beach, this location provides
everything Venice has to offer. Don't miss out on this rare
opportunity to own a piece of Southern California's hippest
beachside communities!
Unit Size
1,072 Ft²
Days on Market
38 days
Land Size
0.12 acres
Price per sqft
$1,632
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CLAW #18306044)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2021 | No longer available | - | |
| No longer available | |||
| Sep 13, 2020 | Listed | $1,999,000 | |
| Listed | |||
| | |||
|
Amazing opportunity to build your dream Venice oasis in a premier beach locale. This coastal retreat comes with plans for a stunning modern farmhouse style property by highly regarded European architect, Andrea Schoening. Plans for this incredible 4,400+ sqft home include an ADU for additional workspace, and comes with endless indoor/outdoor living, lux amenities, chefs kitchen, gated entry and a spacious pool. Situated in the heart of Silicon Beach and in the Coeur DAlene school district, this rare development opportunity is in a highly-coveted location, just moments from the beach, Venice Canals, Abbot Kinney, amazing restaurants, trendy shops and more!
| |||
| Jun 17, 2019 | Sold | ||
| Sold | |||
| Jan 10, 2019 | Listed by Compass | $1,875,000 | |
| Listed by Compass | |||
| | |||
|
Best development opportunity in the heart of Venice, moments from the beach, Venice Canals & Abbot Kinney! Situated on a quiet, sunny, palm tree lined street awaits this home with incredible upside potential on a rare 5200SF lot. Build the home of your dreams or take advantage of the current shovel ready plans which include an additional 500SF of living space with dramatic ceilings and walls of glass, transforming the current beach bungalow to a coastal modern oasis. Large detached 600 sqft garage adds ample space for a bonus room or ADU. Remarkable chance to add immediate equity in a relatively short time in one of the best neighborhoods in Silicon Beach!ÂÂ
| |||
| Dec 17, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About West Los Angeles
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Listed by: Jonathan Pearson, Halton Pardee and Partners, In
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18306044
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 18306044
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