1805-1807 Shell Ave, Venice, CA 90291

1805-1807 Shell Ave, Venice, CA 90291

Venice, CA

Property Description

This Mid-Century duplex is situated in an A+ location of Venice! 1805–1807 Shell Ave is just a few blocks away from the iconic Abbot Kinney Boulevard, a known destination for top-chef eateries, local artists, and many boutique shops to enjoy. This private oasis is beautifully landscaped, has mature trees, birds-of-paradise, concrete pavers, and several private seating areas. 1805 Shell offers two bedrooms and two baths with French Doors opening out to a spacious patio. 1807 Shell is a one bedroom, one bath with its own outdoor seating area. Both units are a blend of open interiors with kitchen bay windows and hardwood floors. This property is well built with a craftsman’s sense of design coming to mind when taking in the period architecture or walking the shared pathways beneath the mature trees and lush landscape. The detached two-car garage is a great opportunity for a possible ADU conversion – offering maximum upside to owner-occupants, investors, and developers alike.

Property Features

  • Sale Price: $1,850,000
  • Area Size: 1,426 Sq. Ft.
  • Land Area: 4,156 Sq. Ft.
  • Year Built: 1954
  • Listing Date: 9/5/2023
  • Units: 2
  • Current GRM: 30.83
  • Current Cap Rate: 1.77%
  • Price Per Unit: $925,000
  • Market GRM: 21.87
  • Market Cap Rate: 3.10%

Lyon Stahl Investment Real Estate

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