1519 Glyndon Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 3 bath
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Venice, California 90291
This property presents a High-Potential Investment Opportunity with a List Price of $2,100,000—positioned well below the $2,086,741 Fair Market Value (Note: Market value is slightly below list, indicating a stable, fair-market entry). With a Condition Rating of 5, the home requires significant modernization, yet the Zoning R1V2 and 4,800 square feet of buildable potential offer massive upside. Located near Penmar Park, this asset is ideal for Developers or Value-Add Investors looking to capitalize on the high-demand Venice market through renovation or ground-up construction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1519 Glyndon Avenue Subject | $2,100,000* List Price | 4 | 3 | 2,248 | $928 | - |
A 1113 Palms Boulevard Sold | $1,700,000 | 3 | 3 | 1,897 | $896 | 0.3 mi |
B 1801 Shell Avenue Sold | $2,225,000 | 3 | 2 | 2,646 | $841 | 1.0 mi |
C 837 Venice Active | $1,799,000 List Price | 4 | 3 | 2,170 | $829 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (75 years old) with no record of major renovations. The listing uses digitally rendered interior photos, indicating the actual condition is likely dated or in disrepair. The marketing focus on 'development potential' and 'opportunity to modernize' suggests the home requires a full rehab of systems, kitchen, and baths.
Zoned R1V2 on a flat lot, the property offers a rare buildable potential of approximately 4,800 total square feet, including a main residence and a large detached ADU.
Situated half a block from Penmar Park and Golf Course, the home provides exceptional access to the beach and the high-end dining and shopping of Abbot Kinney and Rose Avenue.
The current 4-bedroom configuration includes a detached bonus structure, offering immediate flexibility for a home office, gym, or studio for end-users or investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2248, other record living area = 1319.
Built in 1949, the existing structure likely requires significant capital investment for renovation or a complete teardown to meet modern luxury standards.
The burden of verifying all zoning, permits, and buildable square footage lies solely with the buyer, which may introduce complexity and risk during the planning phase.
***OFFERS DUE MONDAY, JULY 20th AT 12 NOON*** East of Lincoln, offering a level of flexibility that is becoming increasingly difficult to find in Venice. Whether you are an end user, investor, or builder, this is a rare opportunity in one of the Westside's sought-after pockets. The existing home features a practical floor plan with well-proportioned living spaces, plus a detached bonus structure that lends itself to a home office, gym, or studio (buyer to verify permitted use). For buyers looking to renovate, the property presents a clear opportunity to modernize and add value without starting from the ground up. For developers: a third-party UnderBuilt analysis indicates the site may support a new single-family residence of approximately 3,271 square feet, plus a 400-square-foot garage exempt from FAR and a detached ADU of up to 1,200 square feet, for approximately 4,800 square feet of total buildable potential. Zoned R1V2 on a flat, regular lot. Recent ground-up development on comparable East Venice lots demonstrates the exit potential. Buyer to independently verify all zoning, development potential, overlays, and buildable square footage with the City of Los Angeles.Half a block from Penmar Park and Penmar Golf Course, and moments from Abbot Kinney, Rose Avenue, the beach, and some of the Westside's most popular restaurants and cafes, the property offers two distinct paths: refine what is here or build what is next.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,248 | 1,496 |
| Lot Size | 5,949 | 5,391 |
| Price | $2.10M | $2.33M |
| Price per sq ft | $934 | $1.3K |
| Built year | 1949 | 1942 |
| HOA | $0 | $0 |
| Days on market | 6 | 64 |
Jul 16, 2026
$2,100,000
Initial Listing
Dec 17, 2004
$784,000
Public Record