2478 Glyndon Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 5 bath
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Venice, California 90291
This Prime Venice Development Asset represents a Strong Value Opportunity with a List Price of $1,850,000—positioned well below the $2,041,887 Fair Market Value by 9%. This valuation gap provides $191,887 in Instant Equity for buyers ready to complete this Unfinished Construction Project. The sale includes architectural plans by Johnathan Day for a midcentury modern residence and ADU, situated on a large lot in a neighborhood of $4.5M+ homes. This high-upside project is a strategic acquisition for Developers or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2478 Glyndon Avenue Subject | $1,850,000* List Price | 4 | 5 | 2,807 | $727 | - |
A 1801 Shell Avenue Sold | $2,225,000 | 3 | 2 | 2,646 | $841 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is an unfinished construction project consisting of a weathered shell with no kitchen, bathrooms, or functional systems (HVAC/Electric). It is currently unlivable and requires a total build-out or major rehab to be completed.
Positioned in a premium Venice pocket with neighboring homes valued at $4.5M+, this project offers substantial upside for developers or end-users upon completion.
The sale includes existing plans by award-winning architect Johnathan Day for a high-design midcentury modern home, significantly reducing the lead time for design and permitting.
The generous 5,845 SF lot accommodates a 2,342 SF main residence plus a 465 SF ADU/studio, providing rare flexibility for multi-generational living or rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2807, other record living area = 1956. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
As a partly constructed project, the buyer inherits the complexities of existing structural work and the challenge of managing a mid-stream build to completion.
The list price covers the land and partial structure only; significant additional liquidity or specialized construction financing is required to realize the high-end vision.
This rare development opportunity in prime Venice is officially now available! Save time and money by possibly re-submitting the existing plans (may need updating) of this partly constructed home, or start anew. The existing plans incorporate the best of midcentury modern architecture and designed as a 2,342 SF main house plus a 465 SF ADU/studio, and spa on a large 5,845 SF lot. The main house has three ensuite bedrooms, two living rooms, dining room and kitchen open to the backyard. Please see the floor plan for all features. Positioned for major upside; this project is perfect for investors, developers, or end-users looking to bring a high-design vision to completion. Architecture designed by award winning Johnathan Day. It's neighborhood is comprised of many 4.5+ million dollar homes. Located in a tight-knit neighborhood Venice community; this block of Glyndon is a prize!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 5.0 | 3.0 | 87% |
| Square foot | 2,807 | 1,910.5 | 76% |
| Lot Size | 5,845 | 4,255.5 | 81% |
| Price | $1.85M | $2.31M | 26% |
| Price per sq ft | $659 | $1.3K | 3% |
| Built year | 2020 | 1948 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 165 | 2% |
Apr 24, 2026
$1,850,000
Initial Listing
Oct 17, 2018
$1,500,000
Public Record