1308 Cabrillo Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
1308 Cabrillo Avenue
Venice, California 90291
Property Price
SUMMARY
Analysis of 1308 Cabrillo Avenue, Venice, California 90291 reveals a Fairly Priced Property with a current list price of $1,495,000 aligned with the estimated $1,482,437 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1308 Cabrillo Avenue Subject | $1,495,000* List Price | 2 | 1 | 754 | $1,966 | - |
A 802 Superba Avenue Pending | $1,350,000 List Price | 1 | 1 | 700 | $1,929 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1953, making it over 70 years old. There are no interior images or descriptions of any recent renovations, particularly for the kitchen or bathrooms. The listing heavily emphasizes the 'rare trophy lot' and the 'seller has two sets of plans,' strongly indicating that the value lies in the land and its redevelopment potential, rather than the existing structure. The property analysis explicitly notes the 'Age of Property' as a weakness, suggesting 'outdated systems, finishes, and the need for considerable investment if the buyer intends to live in or extensively renovate the current home rather than rebuild.' This aligns with the 'tear-down' criteria, where the structure is beyond practical repair for modern living and the property's value is based solely on the land.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Venice Location
The property boasts an 'unbeatable Venice Location' on a 'sought-after and quieter street,' identified as a 'rare trophy lot,' indicating high desirability and intrinsic value.
- Exceptional Walkability & Amenities Access
Located 'fewer than 100 steps away' from Abbot Kinney and a 'few minutes' stroll' from LA's best restaurants, cafes, and boutiques, offering unparalleled convenience and lifestyle.
- Proximity to the Beach
The beach is 'less than 10' minutes away, providing easy access to coastal recreation and enhancing the property's appeal for a beachside lifestyle.
CONSRISKS & DEFICIENCIES
- Small Existing Structure
The current residence is only 754 sqft, which is a very compact living space, likely requiring significant expansion or a complete rebuild to maximize the potential of the 'trophy lot'.
- Limited Bathroom Count
With only 1 bathroom, the existing property offers limited facilities, which may not meet the needs of modern buyers or larger households without substantial renovation.
- Age of Property
Built in 1953, the existing structure is over 70 years old, suggesting potential for outdated systems, finishes, and the need for considerable investment if the buyer intends to live in or extensively renovate the current home rather than rebuild.
About 1308 Cabrillo Avenue
Unbeatable Venice Location! This rare trophy lot is perfectly situated on one of the most sought-after and quieter streets in Venice. The property has a head-on view of one of the best blocks of Abbot Kinney, which is fewer than 100 steps away. Many of LA's best restaurants, cafes, and boutiques are just a few minutes' stroll away, and the beach in less than 10. With a vibrant community known for its artists, musicians and tastemakers, this is your chance to become a part of a famous cultural hub and eclectic beachside haven. Seller has two sets of plans.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 2,700 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 754 | 1,747 | 6% |
| Lot Size | 2,700 | 4,255.5 | 10% |
| Price | $1.50M | $2.43M | 12% |
| Price per sq ft | $2.0K | $1.3K | 90% |
| Built year | 1953 | 1947 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 330 | 165 | 96% |
Pricing History
Listed for Sale
Aug 6, 2025
$1,495,000
Initial Listing
Price Change
Apr 10, 2025
$1,549,000
Initial Listing