
Venice, California 90291
This property presents a High-Potential Investment Opportunity with a List Price of $2,995,000—positioned well below the $2,916,014 Fair Market Value by -2%. While the property requires modernization given its Condition Rating of 4, the Dual-Residence Configuration on a massive 10,757-square-foot lot provides significant upside for rental income or multi-generational living. Located near Abbot Kinney, this asset offers rare development potential in a dense coastal market. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to renovate and build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 Garfield Avenue Subject 5 bd · 4 ba · 2,437 sqft · $1,197 | $2,995,000* List Price | 5 | 4 | 2,437 | $1,197 | - |
A 1314 Palms Boulevard Sold 6 bd · 3 ba · 2,496 sqft · $982 · 0.7 mi | $2,450,000 | 6 | 3 | 2,496 | $982 | 0.7 mi |
B 1384 Palms Sold 3 bd · 2 ba · 1,897 sqft · $1,212 · 0.8 mi | $2,300,000 | 3 | 2 | 1,897 | $1,212 | 0.8 mi |
C 1377 Preston Way Sold 3 bd · 3 ba · 2,579 sqft · $1,107 · 0.9 mi | $2,855,162 | 3 | 3 | 2,579 | $1,107 | 0.9 mi |
D 1100 Victoria Avenue Sold 3 bd · 3 ba · 1,785 sqft · $1,261 · 0.4 mi | $2,250,000 | 3 | 3 | 1,785 | $1,261 | 0.4 mi |
E 2005 Walnut Avenue Active 4 bd · 3 ba · 2,868 sqft · $1,156 · 0.6 mi | $3,315,000 List Price | 4 | 3 | 2,868 | $1,156 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939 and held by the same family for over 80 years, the property is well-maintained but significantly dated. The kitchen features older cabinetry and vintage tile flooring, and the presence of a wall heater suggests the HVAC systems have not been modernized. While move-in ready, the home requires cosmetic updates and likely system overhauls to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10757, living area = 2437.
The property sits on a rare 10,757-square-foot lot, offering significant outdoor space and development potential that is exceptionally hard to find in the dense Venice market.
Featuring two separate homes on one lot, the layout provides excellent flexibility for rental income, multi-generational living, or a private home office setup.
Offered for the first time in 81 years, the 1939 structures likely require substantial updates or a full renovation to meet contemporary luxury standards.
At a $2.995M price point, the property represents a significant initial investment for a project that will likely necessitate considerable additional capital for improvements.
Some properties hold a lifetime of stories: Offered for the first time in 81 years, 1109 Garfield Ave offers two separate homes on an expansive 10,757-square-foot lot. This home has been the backdrop for growing up, gathering together, and making a home in Venice. Now, this much-loved property is ready for its next chapter. A wide front lawn and mature greenery welcome you into a setting with room to breathe. Sunlight finds its way through the interiors, while patios and outdoor gathering spaces invite life to spill outside - doors open to the afternoon breeze, friends lingering over dinner, and quiet mornings with coffee in the garden. There is an easy, familiar charm here, with room to bring your own style and make new memories. The one-story, three-bedroom, two-bath front house and two-story, two-bedroom, one-and-a-half-bath back house create a natural balance of togetherness and independence. Each has its own living spaces and rhythm, while the generous grounds connect the property as a whole. Keep loved ones close, live in one home and rent the other, or explore the income potential of both - the layout offers flexibility for the way you live now and how life may change. Close to Abbot Kinney, the beach, and Marina del Rey, days can move from a neighborhood coffee to an afternoon by the ocean and dinner near the water. With its deep roots, generous lot, and two distinct homes, the home offers a chance to put down roots of your own and shape a lasting piece of Venice.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.4 |
| Square foot | 2,437 | 1,674.03 |
| Lot Size | 10,757 | 4,310.258 |
| Price | $3.00M | $2.32M |
| Price per sq ft | $1.2K | $1.4K |
| Built year | 1939 | 1944 |
| HOA | $0 | $401 |
| Days on market | 8 | 61 |
Oct 16, 2026
$2,995,000
Initial Listing