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1564 Cabrillo Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 2 bath

1564 Cabrillo Avenue, Venice, California 90291 home-pic-0
ACTIVE$1,995,000
1564 Cabrillo Avenue, Venice, California 90291
2Beds
2Baths
1,341Sqft
1,683Lot

Price Vs. Estimate

The estimated value ($1,789,960.225) is $205,039.775 (10%) lower than the list price ($1,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Iconic Architectural Landmark: The property is a highly published, architect-designed 'floating house' recognized as a Venice landmark, offering unique aesthetic and historical value.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1683, living area = 1341.

Compared to the nearby listings

Price:$2.00M vs avg $2.28M ($-287,500)32%
Size:1,341 sqft vs avg 1,818 sqft28%
Price/sqft:$1.5K vs avg $1.3K73%

More Insights

Built in 1913 (112 years old).
Condition: Despite the original 1913 build year, this property underwent an extensive modern addition in 2009 and was updated again in 2018, making it virtually new in terms of quality and style. Both kitchens are exceptionally modern, featuring sleek designs, updated appliances, and high-quality finishes. The property showcases architect-designed elements, exposed plywood, concrete, and maple wood flooring, radiant heat, and thoughtful climate control. All components appear to be in excellent condition, reflecting recent renovations and meeting current quality standards with no deferred maintenance.
Year Built
1913
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$1,488
HOA
-
Days on market
-
Sold On
-
MLS number
25540257
Home ConditionExcellent
Features
Excellent View: City Lights, Mountain(s)
Deck
ViewCity Lights,Mountain(s)

About this home

The iconic "floating house" is a highly published and photographed Venice landmark. The original 1913 bungalow was enhanced in 2009 with a second story modern addition and updated again in 2018. Currently operates as a duplex and could be returned to a SFR easily. Light and bright with exceptional 360-degree views from the Santa Monica mountains towards the beach from the 500 SqFt rooftop deck. A pioneer of green building with the use of exposed plywood, a combo of country maple wood and concrete floors with radiant heat and thoughtful moderate temperature controls via natural heat and cooling cross breezes. A vibrant center staircase using semi-translucent polycarbonate skin allowing for beautiful light throughout the day. Built by an architect for themselves showcasing great attention to form and function. A prime location one block off the heart of Abbot Kinney Blvd and just a few blocks from the beach.

Price History

Date
Event
Price
07/14/00
Sold
$317,000
06/24/16
Sold
$1,549,000
12/12/03
Sold
$545,500
Condition Rating
Excellent
Despite the original 1913 build year, this property underwent an extensive modern addition in 2009 and was updated again in 2018, making it virtually new in terms of quality and style. Both kitchens are exceptionally modern, featuring sleek designs, updated appliances, and high-quality finishes. The property showcases architect-designed elements, exposed plywood, concrete, and maple wood flooring, radiant heat, and thoughtful climate control. All components appear to be in excellent condition, reflecting recent renovations and meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Iconic Architectural Landmark: The property is a highly published, architect-designed 'floating house' recognized as a Venice landmark, offering unique aesthetic and historical value.
Premier Venice Location: Situated just one block from Abbot Kinney Blvd and a few blocks from the beach, providing unparalleled access to prime dining, shopping, and coastal amenities.
Panoramic Views & Rooftop Deck: Features a 500 SqFt rooftop deck with exceptional 360-degree views spanning from the Santa Monica mountains to the beach.
Flexible Configuration & Income Potential: Currently configured as a duplex with the easy option to convert back to a single-family residence, offering versatility for owner-occupancy or rental income.
Sustainable & Modern Design: Incorporates green building principles, radiant heat, natural cross breezes for climate control, and modern updates from 2009 and 2018.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1683, living area = 1341.
Compact Lot Size: The 1,683 sqft lot is relatively small, which may limit outdoor space or future expansion possibilities compared to other properties in the area.
Original Construction Age: While significantly updated, the core structure dates back to 1913, which could imply potential for age-related maintenance or infrastructure considerations.
Pricing Discrepancy: The current list price of $1.995M is notably above the estimated property value of $1.79M, potentially indicating an aggressive pricing strategy.

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