
Los Angeles, California 90291
This Modern Venice Residence is a Strong Value Opportunity, listed at $3,495,000—positioned well below the $3,674,616 Fair Market Value by 4%. This valuation gap offers $179,616 in Instant Equity for the buyer. Featuring a Detached Legal ADU, Thermador appliances, and a Condition Rating of 2, this turnkey home offers significant lifestyle appeal. Its prime location provides exceptional walkability to Venice favorites. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1039 Nowita Place Subject 5 bd · 6 ba · 3,163 sqft · $1,071 | $3,249,000* List Price | 5 | 6 | 3,163 | $1,071 | - |
A 1028 Pleasantview Avenue Sold 4 bd · 5 ba · 2,869 sqft · $1,277 · 0.3 mi | $3,665,000 | 4 | 5 | 2,869 | $1,277 | 0.3 mi |
B 1308 Vienna Way Sold 3 bd · 3 ba · 2,066 sqft · $1,162 · 0.4 mi | $2,400,000 | 3 | 3 | 2,066 | $1,162 | 0.4 mi |
C 2026 Louella Avenue Sold 4 bd · 5 ba · 3,400 sqft · $1,162 · 0.4 mi | $3,950,000 | 4 | 5 | 3,400 | $1,162 | 0.4 mi |
D 1016 Palms Boulevard Sold 4 bd · 5 ba · 3,655 sqft · $903 · 0.1 mi | $3,300,000 | 4 | 5 | 3,655 | $903 | 0.1 mi |
E 1531 Louella Avenue Sold 3 bd · 4 ba · 3,209 sqft · $1,215 · 0.5 mi | $3,900,000 | 3 | 4 | 3,209 | $1,215 | 0.5 mi |
F 1025 Nowita Place Sold 5 bd · 3 ba · 2,193 sqft · $1,183 · 0.0 mi | $2,595,000 | 5 | 3 | 2,193 | $1,183 | 0.0 mi |
G 1037 Palms Boulevard Active 5 bd · 4 ba · 3,256 sqft · $1,044 · 0.1 mi | $3,399,000 List Price | 5 | 4 | 3,256 | $1,044 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is in mint condition with high-end Thermador appliances, smart-home technology, paid solar, and modern systems, requiring no maintenance.
Built in 2022, this design-forward home features high-end Thermador appliances, soaring ceilings, and smart-home technology, offering a contemporary yet warm aesthetic rarely found in new builds.
The property includes a fully detached one-bedroom, one-bathroom ADU with its own kitchen and entrance, providing excellent versatility for rental income, a guest house, or a private home office.
Located on a quiet, tree-lined street, the home offers exceptional walkability to iconic neighborhood favorites like Superba, Zinque, and Companion, capturing the quintessential Venice lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3163, other record living area = 3042. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With a lot size of 4,784 square feet housing both a 3,163 square foot main residence and a detached ADU, the remaining yard space is relatively compact for the price point.
The property does not offer any significant views, which may be a drawback for buyers expecting coastal vistas or neighborhood outlooks in this premium Venice sub-market.
Built in 2022 and thoughtfully personalized by its current owners, 1039 Nowita is a warm, design-forward Venice home offering approximately 3,163 square feet of beautifully considered living space. The main residence features four bedrooms and four-and-a-half bathrooms, complemented by a fully detached legal ADU with an additional bedroom and bathroom. Soaring ceilings, skylights and walls of glass fill the interiors with natural light, while warmer paint tones and considered updates give the home a layered, lived-in feel rarely found in newer construction. The open kitchen features Thermador appliances, an oversized island and generous pantry space, flowing seamlessly into the living and dining areas and out to a private backyard with covered patio and built-in BBQ. Upstairs, three en-suite bedrooms create an ideal family-friendly floor plan, including a serene primary suite. The detached ADU offers its own entrance, full kitchen, bathroom and living space, perfect for guests, a home office or additional income. Additional features include paid solar, smart-home technology, surround sound and a newly added security gate. Set on a quiet, tree-lined street in the heart of Venice, the home is just blocks from neighborhood favorites including Companion, Superba and Zinque. Newer construction, a flexible ADU, thoughtful design and true walkability come together in one of Venice's most desirable residential pockets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 3,163 | 1,675.469 |
| Lot Size | 4,784 | 6,126.393 |
| Price | $3.25M | $1.34M |
| Price per sq ft | $1.0K | $800 |
| Built year | 2022 | 1941 |
| HOA | $0 | $262 |
| Days on market | 44 | 56 |
Oct 2, 2026
$3,249,000
$3,495,000
-7% Price Drop
Initial Listing
Sep 10, 2026
$3,495,000
Initial Listing
Feb 22, 2023
$2,998,000
Public Record
Mar 16, 2021
$1,250,000
Public Record