249 Ruth Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
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Venice, California 90291
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Ruth Avenue Subject | $1,685,000* List Price | 2 | 1 | 919 | $1,885 | - |
A 1034 Oakwood Avenue Sold | $1,800,000 | 2 | 1 | 898 | $2,004 | 0.5 mi |
B 866 Flower Sold | $1,300,000 | 2 | 1 | 944 | $1,377 | 0.3 mi |
C 538 Altair Place Sold | $1,400,000 | 2 | 1 | 880 | $1,591 | 0.8 mi |
D 250 Market Street Sold | $1,630,000 | 2 | 1 | 809 | $2,015 | 0.7 mi |
E 532 Altair Place Sold | $1,461,000 | 2 | 1 | 936 | $1,561 | 0.8 mi |
F 109 Dudley Avenue Active | $1,649,000 List Price | 1 | 3 | 1,024 | $1,610 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 3.0 | 21% |
| Square foot | 919 | 1,892.5 | 17% |
| Lot Size | 4,092 | 4,232 | 41% |
| Price | $1.69M | $2.31M | 18% |
| Price per sq ft | $1.8K | $1.3K | 82% |
| Built year | 1941 | 1948 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 165 | 1% |
May 15, 2026
$1,685,000
Initial Listing
Mar 24, 2000
$335,000
Public Record
May 20, 1994
$180,000
Public Record