2512 Ocean Ave, Venice, CA 90291

2 beds1 bath765 sqft Edit

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Sold: $1,000,000
Sold on 05/14/13
Zestimate®: $1,429,192
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My Notes

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Price Reduced $150K! Major fixer or development opportunity in the highly coveted Silver Triangle section of Venice (aka Silicon Beach). Just 100 yards from the canals, a new home here would have nice canal and city views. Lot is east-west, 30x90 and street-to-alley. The property sits at the intersection of Sherman Way so there are no homes that would come between this property and Sherman Canal. Just blocks from the beach, the bike path and Abbott Kinney, the lot is currently occupied by one of the original Venice beach bungalows from the 1920's.

Facts

  • Lot: 2,700 sqft
  • Single Family
  • Built in 1922
  • Views: 1,901 all time views
  • Cooling: None
  • Last sold: May 2013 for $1,000,000
  • Last sale price/sqft: $1,307

Features

  • Lawn
  • Parking: 2 spaces

    Construction

    • Roof type: Other
    • Room count: 6
    • Stories: 1
    • Structure type: Other
    • Unit count: 1

    Other

    • Floor size: 765 sqft
    • Last remodel year: 1922
    • Lot depth: 90
    • Lot width: 30
    • Parcel #: 4228014003
    • Zillow Home ID: 20444793

    Zestimate Details

    Zestimate
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    $1,429,192
    -$1,524 Last 30 days
    $1.26M
    $1.61M
    Zestimate range
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    $5,398/mo
    -$70 Last 30 days
    $3.2K
    $7.6K
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    Popularity on Zillow

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    1,901 all-time views
    of this home (chart)
    340 forecasted views of this home
    in the first 7 days after listing for sale
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    Comparable Homes

    Homes like this sold for $1.23-1.58M.

    $1.08M
    $1.73M

    Mortgages

    Neighborhood: Venice

    Zillow predicts Venice home values will rise 10.4% next year, compared to a 7% rise for Los Angeles as a whole. Among Venice homes, this home is valued 9.3% more than the midpoint (median) home, and is valued 56% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Venice, the number of foreclosures waiting to be sold is 41.6% less than in Los Angeles, and 61% lower than the national average. This lower local number could help Venice home values rise more quickly than other regions in Los Angeles.

    Learn more about forecast calculations or Venice home values.
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