1032 Nowita Place, Venice, California 90291, Venice, 90291 - 2 bed, 3 bath

1032 Nowita Place, Venice, California 90291 home-pic-0
ACTIVE UNDER CONTRACT$1,699,000
1032 Nowita Place, Venice, California 90291
2Beds
3Baths
1,433Sqft
4,778Lot
Year Built
1923
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$1,186
HOA
-
Days on market
-
Sold On
-
MLS number
24462369
Home ConditionFair
Features
Patio
View

About this home

We found 2 Cons,3 Pros. Rank: price - $1.70M(17th), sqft - 1433(33th), beds - 2(29th), baths - 3(50th).

Behind a charming picket fence, this once-in-a-lifetime opportunity, is hitting the market for the first time in decades. The property contains two structures. Originally built in 1923, the cozy front house has two bedrooms and two bathrooms and retains vintage character. The home has been lovingly maintained and is ready to be reimagined by its new owner. Step on to the gorgeous polished concrete floors of the back house that was recently constructed, and features a kitchen and bathroom with modern and contemporary finishes and flooring, stainless steel appliances, a washer and dryer, plenty of natural light and a large closet. It is a great space for an office or studio apartment. Ideally situated along one of the best streets in Venice, this property provides the perfect owner-user opportunity to live in one house and rent out the other unit. It is also ready to be transformed as an investment or development opportunity. The best bars, restaurants, and boutiques are all just a short distance away on Lincoln Boulevard, Abbot Kinney Boulevard and Rose Avenue.Venice Beach, Santa Monica, and Marina del Rey are also nearby providing endless opportunities for living the ultimate Southern California lifestyle.

Condition Rating
Fair

The property consists of two structures: one built in 1923 and another recently constructed. The front house retains vintage character and requires updates, while the back house features modern finishes. Given the age of the original structure and the need for reimagining, along with the updated back house, the overall condition is rated as fair.
Pros & Cons

Pros

Prime Location: Located on one of the best streets in Venice, close to Lincoln Boulevard, Abbot Kinney Boulevard, and Rose Avenue, offering easy access to bars, restaurants, and boutiques.
Dual Dwelling Potential: Features two separate structures, a vintage front house and a recently constructed back house, providing opportunities for owner-occupancy with rental income or potential development.
Modern Upgrades: The back house boasts modern finishes, stainless steel appliances, and ample natural light, offering a contemporary living or workspace.

Cons

Vintage Home Condition: The front house, built in 1923, retains vintage character but may require updates or renovations to meet modern standards.
Active Under Contract: The property's status as 'Active Under Contract' indicates a pending sale, which may limit immediate availability and require navigating existing contractual obligations.

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