1113 Electric Avenue Unit 1, Venice, California 90291, Venice, 90291 - 1 bed, 2 bath
1113 Electric Avenue Unit 1
Venice, California 90291
Property Price
SUMMARY
Analysis of 1113 Electric Avenue Unit 1, Venice, California 90291 is currently available with a list price of $1,250,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property, built in 2000, has undergone extensive and recent modernization, bringing it to an excellent condition. The kitchen features modern walnut cabinetry, Caesarstone countertops, stainless steel appliances (including a double oven range), and under-cabinet lighting, all appearing virtually new and meeting current quality standards. The bathroom is equally contemporary with a modern double vanity, wall-mounted faucets, and sleek dark tiling. Throughout the unit, white Terrazzo flooring, automated smart home features (lighting, Nest thermostat/doorbell, motorized window coverings), and modern light fixtures contribute to a high-end, move-in ready feel with no visible deferred maintenance. While the property is 24 years old, the significant updates and pristine condition of key areas like the kitchen and bathroom, along with smart home tech, indicate an extensive renovation likely within the last 5 years, aligning with the 'Excellent' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Strategically located steps from Abbot Kinney Blvd, offering unparalleled access to Venice's vibrant nightlife, dining, and shopping scene.
- Panoramic Views & Outdoor Living
Features a private roof deck with stunning 360-degree views stretching from the ocean to Hollywood, complemented by an additional balcony for outdoor enjoyment.
- Unique Architectural Design
A one-of-a-kind architectural live-work loft with a townhouse-style walk-up, 20-foot ceilings, and an open floor plan, providing a distinctive and spacious feel.
CONSRISKS & DEFICIENCIES
- High Association Fee
A monthly association fee of $525.0 adds a substantial recurring cost to homeownership.
- Loft-Style Bedroom
The primary sleeping area is a loft, which may offer less privacy than a traditional enclosed bedroom and limit appeal to certain buyer demographics.
- Absence of Central Air Conditioning
The property relies on natural ocean breezes for cooling, with no mention of a central air conditioning system, which could be a drawback during warmer periods.
About 1113 Electric Avenue Unit 1
A perfect office alternative or residence; this one-of-a-kind architectural live-work loft, steps to Abbot Kinney Blvd nightlife and shopping. A light-filled corner unit that offers a townhouse style walk up with private 2-car parking garage, a balcony and a roof deck with 360 views, an open floor plan with 20-foot ceilings and automated smart home features. Divine northern exposure lighting throughout and a fresh ocean air breeze from the living room's industrial sliding door. The covered balcony adjoins both the dining area and modern kitchen w/ Caesarstone countertops, walnut cabinetry, under cabinet lights and stainless appliances. Upstairs is the large sleeping area loft which has extra office/flex space and custom wardrobe closet off the main bathroom. The interior features an additional half-bath, white Terrazzo flooring, automated home lighting, Nest video doorbell/thermostat, motorized black out window coverings, in unit laundry area with washer/dryer, storage & FCFS guest/community parking. Large roof deck space with 360 degree views of city lights from the ocean to Hollywood. This is a rare offering in one of the most sought after Abbot Kinney art loft buildings.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2000
- Lot Size
- 14,390 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $525.0 / Month
Neighborhood Insights
Venice Unified Schools
Westminster Avenue Elementary School
Grades K-5 • 0.1 mi
Mark Twain Middle School and World Languages Magnet
Grades 6-8 • 1.4 mi
Venice Senior High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 33% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,010 | 2,000 | 33% |
| Lot Size | 14,390 | 7,173 | 67% |
| Price | $1.25M | $2.15M | 33% |
| Price per sq ft | $1.2K | $1.1K | 67% |
| Built year | 2000 | 2002 | 33% |
| HOA | $525.0 | $565 | 33% |
| Days on market | 1598 | 277 | 0% |
Pricing History
Sold
Nov 19, 2021
$1,240,000
Public Record
Sold
Jun 21, 2005
$725,000
Public Record