2319 Penmar Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 5 bath
Loading property details...
2319 Penmar Avenue
Venice, California 90291
ACTIVE
CONDITION: EXCELLENT
4Beds
5Baths
4,477Sq Ft
5,406Lot Size
Property Price
LIST PRICE$4,799,000
EST. MARKET VALUE
$4,999,000
4% BelowMARKET VALUE
SUMMARY
This Stunning Modern Home represents a Strong Value Opportunity, listed at $4,999,000—positioned well below the $5,275,650 Fair Market Value by 5%. This valuation gap offers $276,650 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this 2019 build includes a designer chef's kitchen, soaking pool, and panoramic rooftop views. Its prime location near Abbot Kinney offers a premier lifestyle. This property is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a turnkey Venice sanctuary.
Estimated Market Value
$4,999,000+$200,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Venice.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2319 Penmar Avenue Subject | $4,799,000* List Price | 4 | 5 | 4,477 | $1,117 | - |
A 2040 Glencoe Avenue Sold | $4,700,000 | 4 | 5 | 3,800 | $1,237 | 0.4 mi |
B 752 Palms Boulevard Sold | $4,460,000 | 4 | 5 | 3,419 | $1,304 | 0.6 mi |
C 2026 Louella Avenue Sold | $3,950,000 | 4 | 5 | 3,400 | $1,162 | 0.4 mi |
D 2115 Walnut Avenue Sold | $4,350,000 | 5 | 6 | 3,870 | $1,124 | 0.2 mi |
E 1531 Louella Avenue Sold | $3,900,000 | 3 | 4 | 3,209 | $1,215 | 0.7 mi |
F 2214 Glencoe Avenue Sold | $3,750,000 | 5 | 5 | 2,785 | $1,346 | 0.3 mi |
G 2416 Frey Avenue Sold | $3,738,450 | 3 | 4 | 2,969 | $1,259 | 0.8 mi |
H 2325 Cloy Avenue Sold | $3,664,800 | 4 | 5 | 3,028 | $1,210 | 0.7 mi |
I 2132 Walnut Avenue Active | $4,875,000 List Price | 5 | 6 | 4,050 | $1,204 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and in mint condition. It features a high-end designer chef's kitchen with Miele appliances and marble finishes, modern spa-like bathrooms, and updated systems including smart home features.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Architectural Design
Built in 2019, this contemporary home features high-end finishes including Miele appliances, a floating staircase, and integrated smart home technology, offering a turnkey luxury experience.
- Exceptional Entertaining Spaces
The property boasts an expansive rooftop deck with panoramic views and an outdoor courtyard with a soaking pool and Fleetwood sliders, perfectly facilitating the Southern California indoor-outdoor lifestyle.
- Prime Venice Location
Situated in a highly walkable area, the home provides immediate access to the Penmar Golf Course and is minutes away from the trendy boutiques and dining on Abbot Kinney and Rose Avenue.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4477, other record living area = 4360.
- Limited Lot Size
With a lot size of approximately 5,400 square feet, the outdoor yard space is relatively compact for a nearly $5M property, which may be a drawback for buyers seeking significant green space.
- Street Traffic Exposure
Located on Penmar Avenue, the property is subject to higher traffic volume and potential noise compared to the more secluded residential walk streets or cul-de-sacs in the Venice area.
About 2319 Penmar Avenue
Stunning modern home located in the heart of Venice! Close to everything Venice has to offer including Abbot Kinney and Rose ave shops, trendy restaurants, Venice beach boardwalk and Penmar golf course. Built in 2019, this recently constructed home features an open floor plan with 4 bedrooms, 5 bathrooms and over 4,400 square feet. This home is an entertainer's paradise with an oversized roof deck with panoramic views as well as an outdoor courtyard with soaking pool and Fleetwood style glass sliders for the perfect indoor/outdoor feel. The home features high ceilings and oversized windows that create an inviting ambiance with tons of natural light. Enjoy the spacious formal living room and family room perfect for entertaining. The designer chef's kitchen is equipped with Miele appliances, custom cabinets and a cascading marble island that overlooks the family room and backyard patio. Upstairs, the oversized master suite features a large walk-in closet and a spa-like bathroom with a freestanding soaking tub, dual vanity and glass shower. Additionally, there is a lounge area, laundry room and three additional ensuite bedrooms. Finally, the rooftop terrace offers a perfect spot to entertain guests or simply relax and enjoy the breathtaking views from the mountains to the ocean. With features such as a stunning floating staircase, numerous built-in smart home features, 2-car garage and driveway parking, this property is an exceptional find. Don't miss out on this Venice gem!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 5,406 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.2 |
| Square foot | 4,477 | 1,642.642 |
| Lot Size | 5,406 | 4,668.434 |
| Price | $4.80M | $2.30M |
| Price per sq ft | $1.1K | $1.4K |
| Built year | 2019 | 1943 |
| HOA | $0 | $401 |
| Days on market | 51 | 57 |
Pricing History
Listed for Sale
Sep 2, 2026
$4,799,000
$4,999,000
-4% Price Drop
Initial Listing
Price Change
Jul 20, 2026
$4,999,000
Initial Listing
Sold
Dec 6, 2017
$2,175,000
Public Record
Sold
Apr 13, 2015
$1,250,000
Public Record
Sold
Jul 21, 2004
$810,000
Public Record