2194 Venice Boulevard, Los Angeles, California 90006, Los Angeles, 90006 - 5 bed, 2 bath
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Los Angeles, California 90006
This Strong Value Opportunity is a 5-bedroom Residential Asset listed at $945,000—positioned well below the $998,199 Fair Market Value by 5%. This valuation gap offers $53,199 in Instant Equity. Featuring a Condition Rating of 2 with a brand-new kitchen and modern HVAC, this property is move-in ready. Its Commercial Zoning provides significant redevelopment potential, while the versatile layout suits multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside, turnkey property in Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2194 Venice Boulevard Subject | $945,000* List Price | 5 | 2 | 1,494 | $668 | - |
A 1720 S Kingsley Sold | $1,200,000 | 3 | 3 | 1,834 | $654 | 0.2 mi |
B 1646 S New Hampshire Avenue Active | $769,000 List Price | 3 | 2 | 983 | $782 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1923 build date, the property has undergone a recent comprehensive renovation (under 5 years) featuring a brand-new kitchen, updated bathrooms with modern vanities, new flooring throughout, and the installation of modern mini-split HVAC systems, making it move-in ready with no immediate maintenance required.
The property features valuable commercial zoning, offering significant upside for redevelopment, business use, or mixed-use projects in a high-traffic Los Angeles location.
Recently renovated with a brand-new kitchen and updated interiors, this home allows for immediate occupancy or rental without the need for major initial capital improvements.
With a 5-bedroom configuration split across two floors, the property provides excellent flexibility for multi-generational living or maximizing rental income potential.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The second-floor living space requires buyer verification of permits and square footage, which may present challenges for traditional financing or future resale valuation.
At only 3,369 square feet, the lot is relatively small for a 5-bedroom residence, restricting outdoor space and limiting the physical footprint for potential commercial expansion.
Recently renovated property featuring a brand-new kitchen and updated interior. The first floor offers 2 bedrooms, 1 bathroom, and a spacious kitchen. The second floor features 3 bedrooms and 1 bathroom (buyer to verify permits and square footage with the City). Property includes 3 on-site parking spaces and additional storage in the rear. Rare opportunity to own a residential property with valuable Commercial zoning, offering significant upside potential for future redevelopment, business use, or mixed-use possibilities (buyer to verity with the City). Conveviently located near shopping, dining, public transportation, and major freeway.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,494 | 1,672 |
| Lot Size | 3,369 | 6,067 |
| Price | $945.0K | $1.37M |
| Price per sq ft | $633 | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 27 | 56 |
Jun 25, 2026
$945,000
Initial Listing
Mar 11, 2022
$700,000
Public Record
Jul 16, 2010
$43,000
Public Record