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2306 Penmar Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 4 bath

2306 Penmar Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,795,000
2306 Penmar Avenue, Venice, California 90291
4Beds
4Baths
2,516Sqft
6,253Lot
Year Built
1911
Close
-
List price
$2.79M
Original List price
$2.79M
Price/Sqft
$1,111
HOA
-
Days on market
-
Sold On
-
MLS number
25508173
Home ConditionGood
Features
Good View: Pond
Deck
Patio
ViewPond

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.79M(73th), sqft - 2516(71th), beds - 4(63th), baths - 4(76th).

Located in the heart of Venice Beach, this architecturally significant modern home blends history, design, and prime location. Originally the first house on the block, it was transformed in the 90s as a SCI-Arc thesis project, with structural engineering guided by a renowned professor. In 2004, acclaimed architects Mohamed Sharif and Maria Rondeau expanded the home, infusing it with contemporary influences from their work at Konig Eisenberg and Morphosis.This light-filled three-bedroom, three-bathroom home offers an open floor plan, soaring ceilings, hardwood floors, and seamless indoor-outdoor flow. Two primary suites include walk-in closets and a private balcony overlooking the lush backyard. The beautifully landscaped outdoor space, designed in part by Eric Gomez of Valle de Verde, features mature greenery and a koi pond, creating a serene retreat.A fully permitted ADU with its own address offers a private deck, full kitchen, washer/dryer, and separate entranceperfect for guests, rental income, or a home office.Located just steps from Venice's best restaurants and coffee shops and a short bike ride to the beach, this home is a rare blend of history, design, and prime location.

Price History

Date
Event
Price
01/06/98
Sold
$255,000
Condition Rating
Good
The property, originally built in 1911, underwent a significant expansion and renovation in 2004 by acclaimed architects, making the core living spaces and systems approximately 20 years old. The description highlights contemporary influences, an open floor plan, soaring ceilings, and hardwood floors, all of which are visible in the images and appear well-maintained and modern. The main kitchen features stainless steel appliances, a large island, and a contemporary design, while the bathrooms also show modern fixtures and finishes. The presence of a fully permitted ADU with its own full kitchen and amenities further adds to the property's modern functionality. While not 'newly built' or 'extensively renovated within 5 years' to qualify as excellent, the 2004 renovation means major systems and aesthetics are within the 'good' category's 5-15 year renovation timeframe, and the overall condition appears move-in ready with minimal wear and tear.
Pros & Cons

Pros

Exceptional Architectural Design & History: This property is an architecturally significant modern home, originally transformed as a SCI-Arc thesis project and later expanded by acclaimed architects Mohamed Sharif and Maria Rondeau, offering a unique blend of history and contemporary design.
Prime Venice Location: Located in the heart of Venice Beach, the home is just steps from renowned restaurants and coffee shops, and a short bike ride to the beach, providing excellent walkability and access to vibrant local amenities.
Income-Generating & Flexible ADU: A fully permitted Accessory Dwelling Unit (ADU) with its own address, private deck, full kitchen, and separate entrance offers significant value for rental income, guest accommodation, or a dedicated home office.
Luxurious Interior & Exterior Features: The main residence boasts an open floor plan, soaring ceilings, hardwood floors, seamless indoor-outdoor flow, two primary suites with walk-in closets and private balconies, and a beautifully landscaped outdoor space with mature greenery and a koi pond.
Spacious & Versatile Living: With a light-filled main house featuring three bedrooms and three bathrooms, plus the additional bedroom and bathroom in the ADU, the property offers ample space and versatile living arrangements suitable for various needs.

Cons

Significant Price Discrepancy: The current listing price of $2,795,000 is substantially higher than the estimated property value of $1,939,035, which may indicate an aggressive pricing strategy or a unique value proposition not fully captured by standard models, potentially affecting market perception.
Age of Original Structure: Despite extensive renovations, the original construction year of 1911 might raise concerns for some buyers regarding the condition of underlying infrastructure (e.g., plumbing, electrical, foundation) if not fully updated during the remodels.
Limited Parking Information: The property description does not explicitly detail dedicated parking for the main residence, which can be a significant consideration and potential drawback for buyers in a dense urban area like Venice.

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