2206 Walnut Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 3 bath
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Venice, California 90291
This High-Potential Development Asset is listed at $2,175,000, reflecting a location-driven premium over the $1,907,008 Fair Market Value. Carrying a Condition Rating of 5, the 1918-built structures—currently operating as a preschool—require a total overhaul, shifting the primary value to the oversized 5,583-square-foot lot. The property includes a detached guest house and deck, offering a rare blank canvas moments from Abbot Kinney Boulevard and the Venice Canals. This acquisition is a strategic play for Developers or Value-Add Investors looking to capitalize on prime Venice land and significant forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2206 Walnut Avenue Subject | $2,175,000* List Price | 3 | 3 | 1,429 | $1,335 | - |
A 727 Coeur D Alene Avenue Sold | $1,551,000 | 3 | 2 | 1,149 | $1,350 | 0.6 mi |
B 1032 Nowita Place Sold | $1,580,000 | 2 | 3 | 1,433 | $1,103 | 0.3 mi |
C 2137 Walnut Avenue Sold | $1,730,000 | 2 | 1 | 980 | $1,765 | 0.1 mi |
D 754 Marco Place Sold | $2,175,000 | 2 | 3 | 1,634 | $1,331 | 0.6 mi |
E 2141 Glyndon Avenue Pending | $1,850,000 List Price | 3 | 2 | 1,595 | $1,160 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1918 and currently operating as a preschool, this property requires substantial rehabilitation and modernization to be used as a primary residence. The listing lacks interior photos of a residential kitchen or bathrooms, and the description explicitly identifies the property as a 'blank canvas' for a 'ground-up development' or 'reimagined' compound. Given its age and current commercial-style use, the major systems and interior finishes likely require a complete overhaul to meet contemporary residential standards.
Situated moments from Abbot Kinney Boulevard, the Venice Canals, and the beach, this property occupies a highly coveted and irreplaceable location in the heart of Venice.
The generous 5,583-square-foot lot provides a rare 'blank canvas' for developers or homeowners to create a custom luxury compound or a ground-up new construction.
A 427-square-foot detached guest house offers valuable flexibility for use as a creative studio, home office, or independent rental unit, enhancing the property's overall utility.
Built in 1918 and currently configured as a preschool, the existing structures likely require significant modernization or a complete rebuild to meet contemporary residential standards.
With a list price of over $2.1 million for a relatively small existing living area, the value is heavily weighted in the land, representing a high entry cost for non-developers.
A rare opportunity to plant your flag on one of Venice's most storied streets. This 1918 vintage property sits on a generous 5,583-square-foot lot just moments from Abbot Kinney Boulevard, the Venice Canals, and the beach, a location that simply cannot be replicated. The main house offers 1,002 square feet of living space across two bedrooms and two bathrooms, while a detached guest house is 427 square feet, complete with a bath, providing the kind of flexible bonus space that makes Venice living so coveted. Together, the two structures offer an ideal foundation for a private compound: a primary residence and a fully independent retreat for guests, extended family, a home office, or a creative studio. The property's scale and configuration make it equally compelling as a development play. With 5,583 square feet of lot, significant street presence, and existing structures that can be reimagined or replaced, this is the kind of blank canvas that sophisticated Venice buyers and developers have long sought. Currently operating as the beloved Venice Garden Preschool, the property carries a warmth and community spirit that speaks to its bones and to the neighborhood it calls home. Whether you envision a beautifully restored compound, a ground-up development, or something entirely your own, 2206 Walnut is ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,429 | 1,755 | 32% |
| Lot Size | 5,583 | 4,251 | 76% |
| Price | $2.17M | $2.35M | 44% |
| Price per sq ft | $1.5K | $1.3K | 68% |
| Built year | 1918 | 1947 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 177 | 1% |
Apr 16, 2026
$2,175,000
Initial Listing
Jan 10, 2014
$1,000,000
Public Record
Jul 30, 2004
$800,000
Public Record