
Venice, California 90291
This Versatile Coastal Asset is listed at $1,649,000, positioned near its $1,607,180 Fair Market Value following a substantial price adjustment. Boasting a Good Condition Rating, this restored 1913 bungalow features a modern kitchen, in-ground spa, and private garden. The property’s primary appeal is its LAR3 zoning on a full-size walk street lot, offering massive development potential steps from Venice Beach within the Los Angeles Unified School District. This unique offering balances immediate coastal charm with long-term investment upside, making it an ideal acquisition for Developers or Owner-Occupants seeking a high-demand beachside footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 109 Dudley Avenue Subject | $1,649,000* List Price | 1 | 3 | 1,024 | $1,570 | - |
A 538 Altair Place Sold | $1,400,000 | 2 | 1 | 880 | $1,591 | 0.8 mi |
B 107 Clubhouse Avenue Sold | $1,470,000 | 2 | 1 | 868 | $1,694 | 0.4 mi |
C 532 Altair Place Sold | $1,461,000 | 2 | 1 | 936 | $1,561 | 0.8 mi |
D 250 Market Street Sold | $1,630,000 | 2 | 1 | 809 | $2,015 | 0.6 mi |
E 517 Venice Way Sold | $1,315,000 | 2 | 1 | 1,071 | $1,228 | 0.8 mi |
F 724 San Miguel Avenue Active | $1,499,000 List Price | 3 | 3 | 1,236 | $1,213 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1913, this property has undergone significant and stylish renovations, making it move-in ready. The kitchen features modern stainless steel appliances, contemporary flat-panel cabinetry, and a gas cooktop on the island. Bathrooms are updated with modern fixtures, vessel sinks, and clean tiling. Hardwood floors and recessed lighting throughout the main living areas contribute to a fresh, modern aesthetic. While the interior is in excellent condition, the property's age and the 'restored bungalow' description suggest that not all components are 'virtually new,' aligning it with a 'Good' rating rather than 'Excellent' due to potential underlying older systems or general age-related considerations.
The property is located just steps from Venice Beach on a desirable walk street, offering unparalleled access to the vibrant coastal lifestyle and high demand.
Zoned LAR3 (buyer to verify), this property presents an outstanding opportunity for multi-unit development in a highly sought-after area, maximizing future value.
A substantial price drop from the original list price indicates seller motivation, potentially allowing for a more favorable acquisition for a discerning buyer.
Built in 1913, despite being restored, an older home may still present unforeseen maintenance challenges or require updates beyond cosmetic improvements over time.
With only 1 bedroom and 1024 sqft, coupled with an unusual 3-bathroom configuration, the current layout may not suit all buyers seeking a larger or more conventional living arrangement without significant renovation.
While offering development potential, the 'buyer to verify' clause for LAR3 zoning implies necessary due diligence, potential complexities, and additional costs associated with planning, permits, and construction.
Huge price drop. Seller will consider all offers prior to leasing property. Amazing opportunity only steps from Venice Beach. This little gem is ready to live in, but also an outstanding chance to develop a property into something very special. Full size walk street lot with two car garage alley access. Direct entrance to the home and private lot. Zoned LAR3 (buyer to verify) but currently a single restored bungalow with lovely garden setting and in ground spa. This unique property is a MUST SEE.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 7% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,024 | 1,755 | 15% |
| Lot Size | 2,742 | 4,211 | 21% |
| Price | $1.65M | $2.35M | 16% |
| Price per sq ft | $1.6K | $1.3K | 76% |
| Built year | 1913 | 1947 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 138 | 177 | 30% |
Feb 4, 2026
$1,649,000
$1,749,000
-6% Price Drop
Initial Listing
Jan 16, 2026
$1,749,000
$1,849,000
-5% Price Drop
Initial Listing
Dec 5, 2025
$1,849,000
Initial Listing
Dec 8, 2015
$1,350,000
Public Record
Nov 17, 2006
$1,090,000
Public Record
Dec 20, 2001
$495,000
Public Record
Dec 21, 1993
$215,000
Public Record