1163 Nelrose Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 2 bath
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Venice, California 90291
This Turnkey Venice Bungalow represents a Prime Investment Opportunity, listed at $1,898,000—positioned well below the $1,954,160 Fair Market Value by 2%. This valuation gap provides $56,160 in Instant Equity. Featuring a Mint Condition Rating with a high-end renovation, the home includes a private wellness retreat with a sauna and cold plunge. Its expansive backyard and secure parking offer a rare compound-like lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1163 Nelrose Avenue Subject | $1,898,000* List Price | 3 | 2 | 1,288 | $1,490 | - |
A 1126 Grant Avenue Sold | $2,120,000 | 3 | 3 | 1,378 | $1,538 | 0.2 mi |
B 2418 Walnut Avenue Sold | $2,125,000 | 3 | 3 | 1,122 | $1,894 | 0.1 mi |
C 1000 Indiana Avenue Sold | $2,250,000 | 3 | 2 | 1,452 | $1,550 | 0.9 mi |
D 825 Coeur D Alene Avenue Sold | $2,444,393 | 3 | 2 | 1,660 | $1,473 | 0.2 mi |
E 922 Garfield Avenue Sold | $1,825,000 | 3 | 3 | 1,470 | $1,241 | 0.3 mi |
F 703 Boccaccio Avenue Sold | $1,715,000 | 2 | 2 | 1,365 | $1,256 | 0.4 mi |
G 1060 Nowita Place Pending | $1,875,000 List Price | 3 | 2 | 1,280 | $1,465 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1914, this bungalow has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen and bathrooms feature modern, minimalist design with premium stone and fixtures. The property is in mint condition with updated systems, whitewashed interiors, and a new outdoor kitchen/wellness retreat.
The property features one of the largest grassy backyards in Venice, complete with a full outdoor kitchen and a private wellness retreat including a sauna and cold plunge.
Situated in a highly coveted Westside neighborhood, the home offers a premier Venice lifestyle with close proximity to both the beach and the vibrant shops and restaurants of Abbot Kinney Boulevard.
Fully gated and hedged to create a rare compound-like feel, the residence provides significant seclusion and includes secure off-street parking for two vehicles.
At 1,288 square feet for a three-bedroom layout, the interior living spaces may feel compact and could present challenges for buyers requiring more generous room proportions.
Originally built in 1914, the home may require more intensive ongoing maintenance or infrastructure updates compared to newer constructions, despite its contemporary aesthetic renovations.
This thoughtfully updated Venice bungalow blends privacy, natural light, and a private wellness retreat featuring a sauna and cold plunge, all centered around one of the largest grassy backyards in Venice and designed for effortless indoor outdoor living in one of the Westside's most coveted coastal neighborhoods. A charming front courtyard welcomes you into the residence, where original bay windows flood the living room with natural light and create an inviting space for relaxing or entertaining. The open flow moves seamlessly through the dining area into a minimalist, design-forward kitchen, creating an easy rhythm for everyday living and hosting. French doors extend the living space to a sun drenched dining deck overlooking the expansive backyard complete with a full outdoor kitchen. The grounds offer endless possibilities for entertaining, play, or future customization, while the sauna and cold plunge create a spa-like setting to unwind after a day at the beach. Whitewashed interiors give the home a bright contemporary feel while remaining low maintenance and highly functional. Fully gated and hedged for privacy, the property also features secure parking for two vehicles, enhancing the home's rare compound-like setting. A unique opportunity to enjoy relaxed Venice living just moments from the beach and Abbot Kinney Boulevard.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,288 | 1,910.5 | 28% |
| Lot Size | 4,272 | 4,266 | 50% |
| Price | $1.90M | $2.33M | 28% |
| Price per sq ft | $1.5K | $1.3K | 65% |
| Built year | 1914 | 1948 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 156 | 1% |
May 8, 2026
$1,898,000
Initial Listing
Mar 3, 2022
$1,715,000
Public Record
Aug 4, 2021
$1,025,000
Public Record