2477 Walnut Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 2 bath
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Venice, California 90291
This Venice Mid-Century Compound is a High-Potential Investment Opportunity, listed at $1,995,000—positioned well below the $2,033,160 Fair Market Value by 1%. This valuation gap offers $38,160 in Instant Equity. Maintaining a Condition Rating of 3, the property features a main residence and a detached guesthouse providing immediate rental income. The 5,671 sqft lot includes a lush dining patio and park-like views, located moments from the Venice Beach bike path. This is an ideal acquisition for Owner-Users or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2477 Walnut Avenue Subject | $1,995,000* List Price | 4 | 2 | 1,398 | $1,454 | - |
A 1016 Indiana Court Sold | $2,150,000 | 3 | 2 | 1,367 | $1,573 | 0.9 mi |
B 704 Valita St Sold | $2,315,000 | 3 | 2 | 1,574 | $1,471 | 1.0 mi |
C 703 Boccaccio Avenue Sold | $1,715,000 | 2 | 2 | 1,365 | $1,256 | 0.5 mi |
D 980 Vernon Avenue Sold | $1,999,000 | 2 | 3 | 1,563 | $1,279 | 1.0 mi |
E 1126 Grant Avenue Sold | $2,120,000 | 3 | 3 | 1,378 | $1,538 | 0.2 mi |
F 2124 Glyndon Avenue Sold | $2,050,000 | 2 | 1 | 1,239 | $1,655 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1956, the property has been well-maintained and renovated within the 5-15 year range. The kitchen features updated white shaker cabinetry and stainless steel appliances, and the bathroom shows modern subway tile. The interior is move-in ready with functional systems and clean hardwood flooring.
The property features a detached Craftsman-style guesthouse that is currently tenant-occupied, providing immediate rental income or a flexible space for a live/work compound.
Situated on a desirable tree-lined street, the home is moments away from iconic local favorites like Scopa and Deus Ex Machina, with easy access to the Venice Beach bike path.
The generous 5,671 sqft lot includes a lush, park-like yard and a large dining patio, offering rare privacy and a seamless indoor-outdoor flow for the area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a list price of nearly $2 million for under 1,400 square feet of living space, the property represents a high cost per square foot that may challenge some buyers' budgets.
Built in 1956, the mid-century ranch may require significant modern upgrades or structural investments to meet the expectations of contemporary luxury buyers in the Venice market.
This Venice mid-century ranch with a detached guesthouse is set on pretty tree-lined Walnut Avenue, just moments away from everything Venice has to offer. The three-bedroom main residence is bright and inviting, with an open layout that flows out to a generous dining patio and a lush, park-like yard - ideal for easy indoor-outdoor living. Tucked privately at the rear, a separate Craftsman-style cottage feels like its own world, complete with a spacious grassy lawn and no direct sight lines to the main house. (Currently tenant-occupied, it provides immediate income.)Whether you're seeking an owner-user opportunity with supplemental revenue, a live/work compound, a long-term investment, or a future development site, the possibilities here are both practical and inspiring. Great location is moments away from neighborhood favorites like Deus Ex Machina, Firestone Walker Brewery, and Scopa. The bike path to Venice Beach is on the corner !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,398 | 1,755 | 31% |
| Lot Size | 5,671 | 4,251 | 77% |
| Price | $2.00M | $2.35M | 32% |
| Price per sq ft | $1.4K | $1.3K | 55% |
| Built year | 1956 | 1947 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 177 | 1% |
Mar 27, 2026
$1,995,000
Initial Listing
May 8, 1998
$260,000
Public Record