2003 Linden Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
ACTIVE$1,950,000
2003 Linden Avenue, Venice, California 90291
2Beds
1Bath
986Sqft
3,384Lot
Year Built
1951
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
$1,978
HOA
-
Days on market
-
Sold On
-
MLS number
25481619
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.95M(29th), sqft - 986(13th), beds - 2(29th), baths - 1(15th).
Venice walkstreet mid century bungalow. Ready to live in as is or develop. Two bedroom, one bath. Original oak hardwood floors, moulding, tankless water heater, updated kitchen and bath, double glazed windows, landscaped garden and two car garage with new door.Walk to Abbot Kinney, shops on Lincoln and only eight blocks to the beach. Two sets of plans can be provided with an accepted offer. One is for new construction of a single family home, the other is for a remodel of the existing bungalow with an ADU addition. Call for more details and showing.
Price History
Date
Event
Price
12/13/17
Sold
$1,630,000
07/10/14
Sold
$1,377,000
Condition Rating
Good
Built in 1951, this mid-century bungalow is described as 'ready to live in as is' and features significant updates including an 'updated kitchen and bath,' double-glazed windows, and a tankless water heater. The original oak hardwood floors are well-maintained, blending classic charm with modern functionality. These updates ensure the property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score, though it's not 'Excellent' as it's not a recent full renovation to a virtually new standard.
Pros & Cons
Pros
Exceptional Location: Situated on a desirable Venice walkstreet, offering easy walking access to Abbot Kinney, Lincoln shops, and just eight blocks from the beach, providing a highly sought-after coastal lifestyle.
Significant Development Potential: The property comes with two sets of pre-approved plans for either new construction of a single-family home or a remodel with an ADU addition, presenting a substantial value-add opportunity for buyers.
Key Modern Upgrades: Features include an updated kitchen and bath, double-glazed windows, a tankless water heater, and a new garage door, enhancing comfort and efficiency.
Retained Original Charm: The bungalow maintains its mid-century character with original oak hardwood floors and moulding, appealing to those who appreciate classic architectural details.
Valuable Two-Car Garage: A dedicated two-car garage is a significant asset in Venice, where parking can be challenging.
Cons
Limited Living Space: With only 986 sqft, 2 bedrooms, and 1 bathroom, the property offers relatively compact living quarters, which might not suit all buyer needs, especially at this price point.
Potential Overpricing: The current list price of $1.95M is considerably higher than the estimated value of $1.55M, suggesting it may be priced above market expectations, despite a recent price reduction.
Age of Structure: Built in 1951, while updated, the underlying structure is over 70 years old, which could lead to unforeseen maintenance or renovation costs not covered by the current updates.