2477 Walnut Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 2 bath
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Venice, California 90291
This Dual-Unit Residential Asset is a Strong Value Opportunity, listed at $1,885,000—positioned well below the $2,035,339 Fair Market Value by 7%. This valuation gap offers $150,339 in Instant Equity. Featuring a Condition Rating of 3, the property includes a modern kitchen and hardwood floors. The unique layout provides two private homes on a single lot, offering significant rental income potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a Silicon Beach lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2477 Walnut Avenue Subject | $1,885,000* List Price | 4 | 2 | 1,398 | $1,456 | - |
A 703 Boccaccio Avenue Sold | $1,715,000 | 2 | 2 | 1,365 | $1,256 | 0.5 mi |
B 1016 Indiana Court Sold | $2,150,000 | 3 | 2 | 1,367 | $1,573 | 0.9 mi |
C 1126 Grant Avenue Sold | $2,120,000 | 3 | 3 | 1,378 | $1,538 | 0.2 mi |
D 2124 Glyndon Avenue Sold | $2,050,000 | 2 | 1 | 1,239 | $1,655 | 0.4 mi |
E 704 Valita St Sold | $2,315,000 | 3 | 2 | 1,574 | $1,471 | 1.0 mi |
F 1000 Indiana Avenue Pending | $2,300,000 List Price | 3 | 2 | 1,452 | $1,584 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structures date back to 1956 and the 1920s, the property has undergone significant updates including a modern kitchen and hardwood flooring. The interiors appear well-maintained, functional, and move-in ready, fitting the 5-15 year renovation profile.
The property features two completely separate homes on a single corner lot, offering a rare opportunity for an owner-user to live in one while generating rental income from the other to offset the mortgage.
Situated on a quiet, tree-lined street with a bike path to Venice Beach at the corner, the home is steps away from popular local destinations like Scopa, Deus Ex Machina, and Firestone Walker.
Both residences offer private, landscaped yards with no shared sight lines or attached walls, providing a secluded retreat feel enhanced by lush privacy hedges and mature palm trees.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With a total of 1,398 square feet split between two separate houses, the individual living areas and bedrooms are relatively small, which may limit appeal for larger families.
Given the original construction dates of the 1920s and 1950s, the property may require significant ongoing maintenance or costly system upgrades typical of older coastal homes.
Imagine 2 delightful Venice homes on a corner lot, set on a pretty tree-lined street on the sleepy side of Venice. These completely separate private homes are open & airy with gentle ocean breezes, abundant light, hardwood floors and an easy flow out to beautifully landscaped private yards. The gated 3 BR main house (to be delivered vacant) feels like a hidden coastal retreat, set behind lush privacy hedges wrapping around the property, and framed by towering palm trees. An inviting front porch, set beside a lemon tree, welcomes you into a sun-filled living room, open to a modern kitchen and dining room, with panoramic views of the generous front lawn. French doors open to a patio perfectly placed for morning coffee al fresco and summer evening soirees . Three bedrooms and a bathroom complete the space, each filled with natural light, ample closet space, and garden views. The second home is completely private, with its own address and no shared sight lines or attached walls. It's a well-appointed 1920s one-bedroom Craftsman-style bungalow with a cute porch, and easy indoor-outdoor flow to a private grassy lawn and garden. This is a sweet opportunity for an owner-user who wants to live in one house and collect rent from the other, as a bread and butter investment in Silicon Beach, or as a future potential build. 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 | 65% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,398 | 1,910.5 | 32% |
| Lot Size | 5,671 | 4,328 | 76% |
| Price | $1.89M | $2.33M | 28% |
| Price per sq ft | $1.3K | $1.3K | 52% |
| Built year | 1956 | 1948 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 154 | 1% |
May 29, 2026
$1,885,000
Initial Listing
May 8, 1998
$260,000
Public Record