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34 Anchorage Street, Venice, California 90292, Venice, 90292 - 4 bed, 4 bath

34 Anchorage Street, Venice, California 90292 home-pic-0
ACTIVE$3,280,000$2,826/sqft
Est. Value: $2,438,715
-25%
AboveEstimate
34 Anchorage Street, Venice, California 90292
4Beds
4Baths
2,826Sqft
3,082Lot

Price Vs. Estimate

The estimated value ($2,438,714.865) is $841,285.135 (25%) lower than the list price ($3,280,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unbeatable Beachfront Location: Situated on a beach walk-street, just steps to the sand, offering direct beach access, daily sunset views, and a quintessential Venice lifestyle.
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 = 3082, living area = 2826.

Compared to the nearby listings

Price:$3.28M vs avg $3.09M (+$190,000)58%
Size:2,826 sqft vs avg 3,100 sqft47%
Price/sqft:$1.2K vs avg $1.0K63%

More Insights

Built in 1971 (55 years old).
Condition: Built in 1971, this duplex features a 'stunning' front unit that has undergone extensive, high-quality modern renovations, including a sleek kitchen with stainless steel appliances, contemporary bathrooms with stylish tiling, and modern flooring and lighting. The back unit, while clean and functional, exhibits an older renovation style in its kitchen (white cabinets, black range, tile flooring, track lighting) likely dating back 15-25 years, making it aesthetically dated compared to the front unit. However, both units are move-in ready with no immediate functional renovations required. The property's overall condition is elevated by the excellent front unit, and the back unit is well-maintained, fitting the 'Good' criteria of being move-in ready with functional systems, even if some components are updated more recently than others across the property.
Year Built
1971
Close
-
List price
$3.28M
Original List price
$3.28M
Price/Sqft
$1,161
HOA
-
Days on market
-
Sold On
-
MLS number
25510543
Home ConditionGood
Features
Good View: None
Deck
Patio
View-

About this home

This one is all about living the actual dream. On a beach walk-street, just steps to the sand sits this gated architectural duplex where all you really need is your toothbrush and maybe a surfboard. The stunning front unit has two bedrooms (the 2nd bedroom is currently used as an office/extension of the primary, with its own balcony), two and a half baths, and a fantastic floor with a free-flowing kitchen/living/dining room that opens onto the spacious and gracious patio, with room for more cooking, eating, and living. The upstairs back unit, with 2 bedrooms of its own, could be used as an extension of the home, a sort of built-in guest house, or as an income producer. And this location! You're in the middle of it all, but it still feels like a vacation. If you're exhausted from all of the entertaining you'll do because you've become the hub of your social circle with this swank pad, just pop around the corner and grab a bite at any of the fantastic restaurants on Washington Boulevard. You're close enough to stroll the Venice Canals and do some world-class shopping on Abbot Kinney. And the beach! You can catch the sunset every single evening. This one is more than a home, it's a lifestyle.

T
Tracey Becker
Listing Agent

Price History

Date
Event
Price
12/10/99
Sold
$689,000
03/16/94
Sold
$425,000
03/30/18
Sold
$2,591,000
Condition Rating
Good
Built in 1971, this duplex features a 'stunning' front unit that has undergone extensive, high-quality modern renovations, including a sleek kitchen with stainless steel appliances, contemporary bathrooms with stylish tiling, and modern flooring and lighting. The back unit, while clean and functional, exhibits an older renovation style in its kitchen (white cabinets, black range, tile flooring, track lighting) likely dating back 15-25 years, making it aesthetically dated compared to the front unit. However, both units are move-in ready with no immediate functional renovations required. The property's overall condition is elevated by the excellent front unit, and the back unit is well-maintained, fitting the 'Good' criteria of being move-in ready with functional systems, even if some components are updated more recently than others across the property.
Pros & Cons

Pros

Unbeatable Beachfront Location: Situated on a beach walk-street, just steps to the sand, offering direct beach access, daily sunset views, and a quintessential Venice lifestyle.
Versatile Duplex Configuration: The property is a duplex with two distinct units, providing flexibility for owner-occupancy with a guest unit, multi-generational living, or significant rental income potential from the upstairs back unit.
Architectural Appeal & Gated Privacy: Described as a 'gated architectural duplex,' suggesting a unique design aesthetic and enhanced privacy and security.
Exceptional Neighborhood Amenities: Prime location close to Washington Boulevard restaurants, the Venice Canals, and Abbot Kinney for world-class shopping and dining, fostering a vibrant social hub.
Modern Open-Concept Living (Front Unit): The front unit boasts a fantastic free-flowing kitchen/living/dining room that opens onto a spacious patio, ideal for entertaining and indoor-outdoor living.

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 = 3082, living area = 2826.
Significant Price Discrepancy: The listing price of $3.28 million is substantially higher (25% above) the estimated property value of approximately $2.44 million, and also exceeds a recent comparable sale, potentially indicating an overvaluation.
Property Age & Potential for Updates: Built in 1971, the property is over 50 years old. While 'architectural,' the description does not detail comprehensive modern updates throughout both units, which may necessitate future renovations to systems or aesthetics for some buyers.
Limited Information on Back Unit Details: While the income potential of the back unit is highlighted, specific details regarding its current condition, layout, or amenities are sparse, which could be a concern for potential buyers or investors.
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