2040 Glencoe Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 5 bath
2040 Glencoe Avenue
Venice, California 90291
Property Price
SUMMARY
Analysis of 2040 Glencoe Avenue, Venice, California 90291 reveals a property with a current list price of $4,748,000, which is 11% above the estimated $4,208,458 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2040 Glencoe Avenue Subject | $4,748,000* List Price | 4 | 5 | 3,800 | $1,107 | - |
A 2307 Louella Avenue Sold | $4,600,000 | 6 | 6 | 4,070 | $1,130 | 0.3 mi |
B 1052 Palms Boulevard Sold | $3,850,000 | 4 | 6 | 3,770 | $1,021 | 0.5 mi |
C 1390 Palms Boulevard Sold | $3,375,000 | 4 | 5 | 3,693 | $914 | 0.2 mi |
D 2450 Glencoe Avenue Sold | $3,405,000 | 5 | 5 | 3,230 | $1,054 | 0.4 mi |
E 2106 Glencoe Avenue Sold | $4,500,000 | 5 | 6 | 3,168 | $1,420 | 0.0 mi |
F 1102 Amoroso Place Sold | $3,750,000 | 4 | 6 | 2,852 | $1,315 | 0.3 mi |
G 2115 Walnut Avenue Active | $4,895,000 List Price | 5 | 6 | 3,870 | $1,265 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is new construction, with a projected build year of 2026, and is currently underway. The listing explicitly states that buyers have the opportunity to personalize finishes and design details, ensuring all components will be brand new and meet current quality standards upon completion. The images provided are renderings of a modern farmhouse design, showcasing high-end aesthetics and features, including a chef's kitchen and luxurious primary suite, aligning perfectly with the 'excellent' condition criteria for a newly built home.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Venice Location
Strategically located in the heart of Venice, offering immediate access to renowned restaurants, cafes, and the vibrant local neighborhood energy.
- New Construction with Customization
A brand-new modern farmhouse, currently under construction, provides a unique opportunity for buyers to personalize finishes, materials, and design details.
- Spacious Design & ADU
Features a generous 3,800 sq ft main residence complemented by a 550 sq ft Accessory Dwelling Unit (ADU), offering ample space and versatile living arrangements.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-07-29. The sold price is $1,700,000.00.
- Under Construction Status
The property is currently under construction, requiring a waiting period for completion and potential for unforeseen delays before occupancy.
- Substantial Price Adjustment
The listing price has seen a significant increase from its original offering, which may warrant careful consideration of market value and project scope changes.
About 2040 Glencoe Avenue
Customize Your Dream Home in Venice! Construction is underway on this stunning modern farmhouse in the heart of Venice, and now is the time to make it your own. The finished residence will span approximately 3,800 sq ft with a 550 sq ft ADU. The envisioned design includes a dramatic two-story entry, open-concept living and dining areas, a chef's kitchen with pantry, family room, covered patio, and ADU on the main floor. Upstairs, a grand staircase leads to three en-suite bedrooms and a luxurious primary suite with balcony. With framing and layout already in motion, buyers still have the opportunity to personalize finishes, materials, and design details to create a true dream home. The seller, a seasoned developer with multiple Pacific Palisades projects, offers expert craftsmanship while allowing end users to put their unique style into the completed property. Located just steps from Venice's best restaurants, cafes, and vibrant neighborhood energy, this home represents the perfect balance of turnkey new construction and personal customization.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 5,468 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 5.0 | 3.0 | 87% |
| Square foot | 3,800 | 1,779 | 93% |
| Lot Size | 5,468 | 4,296 | 77% |
| Price | $4.75M | $2.45M | 95% |
| Price per sq ft | $1.2K | $1.3K | 44% |
| Built year | 2026 | 1947 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 208 | 165 | 71% |
Pricing History
Listed for Sale
Aug 23, 2025
$4,748,000
$2,198,000
+116% Price Increase
Initial Listing
Price Change
Aug 10, 2025
$2,198,000
Initial Listing
Sold
Jul 29, 2025
$1,700,000
Public Record
Sold
Jan 8, 1997
$181,000
Public Record