249 Ruth Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
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249 Ruth Avenue
Venice, California 90291
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
1Baths
919Sq Ft
4,092Lot Size
Property Price
LIST PRICE$1,625,000
EST. MARKET VALUE
$1,625,000
SUMMARY
This Turnkey Venice Bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $1,685,000—positioned well below the $1,732,131 Fair Market Value by 2%. This valuation gap provides $47,131 in Instant Equity. Featuring a Condition Rating of 3, the home offers modern updates, a private backyard oasis, and a versatile converted garage. Its prime location near Rose Avenue ensures high demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle.
Estimated Market Value
$1,625,000
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 |
|---|---|---|---|---|---|---|
★ 249 Ruth Avenue Subject | $1,625,000* List Price | 2 | 1 | 919 | $1,768 | - |
A 866 Flower Sold | $1,300,000 | 2 | 1 | 944 | $1,377 | 0.3 mi |
B 1034 Oakwood Avenue Sold | $1,800,000 | 2 | 1 | 898 | $2,004 | 0.5 mi |
C 727 Amoroso Place Sold | $1,850,000 | 2 | 1 | 882 | $2,098 | 0.9 mi |
D 1630 Penmar Avenue Sold | $1,400,000 | 2 | 1 | 742 | $1,887 | 0.9 mi |
E 1257 Preston Way Sold | $2,100,000 | 3 | 2 | 1,285 | $1,634 | 1.0 mi |
F 911 Superba Avenue Sold | $2,050,000 | 3 | 2 | 1,187 | $1,727 | 0.8 mi |
G 109 Dudley Avenue Active Under Contract | $1,599,000 List Price | 1 | 3 | 1,024 | $1,562 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1941, the property has undergone significant renovations. The kitchen features modern shaker-style cabinetry, updated backsplash, and stainless steel appliances. The interior shows well-maintained hardwood and newer wide-plank flooring, updated windows, and a converted garage space. It is move-in ready and reflects a renovation likely within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on a coveted corner lot north of Rose Avenue, the property offers exceptional walkability to Venice's premier cafes, boutiques, and the beach, epitomizing the high-demand California coastal lifestyle.
- Versatile Bonus Spaces
The inclusion of a dedicated office nook and a converted garage provides essential flexible square footage for a home office, gym, or guest retreat, significantly enhancing the utility of the bungalow's footprint.
- Private Outdoor Oasis
The property features a private, lushly landscaped backyard and a corner lot orientation, creating a rare and tranquil outdoor entertaining space that is highly valued in the dense Venice market.
CONSRISKS & DEFICIENCIES
- High Price Per Square Foot
At an asking price of $1,685,000 for 919 square feet, the property commands a significant premium of over $1,800 per square foot, which may limit the pool of value-driven buyers.
- Limited Bathroom Count
The single-bathroom configuration is a notable constraint for a property at this price point, potentially posing a challenge for households with multiple occupants or those who frequently host guests.
About 249 Ruth Avenue
Tucked away north of Rose Avenue on a coveted corner lot, this beautifully updated Venice bungalow blends timeless charm with effortless California living. The 2-bedroom, 1-bath main house is filled with natural light and character, featuring hardwood floors, inviting living spaces, and thoughtfully curated updates throughout. A charming bonus office nook creates the perfect work-from-home setup and leads out to a private backyard oasis ideal for entertaining, relaxing, or enjoying warm coastal evenings. The converted garage offers a versatile bonus space ideal for a studio, gym, or guest retreat. Surrounded by lush landscaping and located just moments from Rose Avenue's beloved cafs, restaurants, boutiques, and the beach, this is Venice living at its best.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 4,092 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 919 | 1,642.642 |
| Lot Size | 4,092 | 4,668.434 |
| Price | $1.62M | $2.30M |
| Price per sq ft | $1.8K | $1.4K |
| Built year | 1941 | 1943 |
| HOA | $0 | $401 |
| Days on market | 117 | 57 |
Pricing History
Listed for Sale
Aug 1, 2026
$1,625,000
$1,685,000
-4% Price Drop
Initial Listing
Price Change
May 15, 2026
$1,685,000
Initial Listing
Sold
Mar 24, 2000
$335,000
Public Record
Sold
May 20, 1994
$180,000
Public Record