
Venice, California 90291
This property presents a Strong Value Opportunity with a List Price of $1,395,000—positioned well below the $1,355,191 Fair Market Value by 9%. Featuring Zoning RD 1.5-1 and a Condition Rating of 6, the site serves as a prime redevelopment asset. The low-density 590 SF structure offers a clean slate for custom construction in a supply-constrained market. This is a high-reward acquisition ideal for Real Estate Developers or Custom Home Builders seeking to maximize land value in a premier Venice Beach location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2709 Strongs Drive Subject | $1,395,000* List Price | 1 | 1 | 590 | $2,297 | - |
A 802 Superba Avenue Pending | $1,350,000 List Price | 1 | 1 | 700 | $1,929 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1926 and the MLS description explicitly states that the existing residence is 'likely considered a tear-down,' with its value based solely on the land for redevelopment. The interior image shows an unrenovated space with outdated features, including a wall-mounted heater and an old-fashioned built-in cabinet, consistent with a home that has not had major renovations in decades. The first image appears to be a rendering or a different, modern property and does not represent the current structure.
Exceptional location within a short walk to Venice Beach, the Venice Canals, and Abbot Kinney Boulevard, offering unparalleled lifestyle amenities and high walkability.
Zoned RD 1.5-1, the parcel qualifies for a Small Lot Subdivision, making it highly attractive for developers to build custom modern homes in a supply-constrained market.
The existing 1926-built, 590 SF single-family residence has low site coverage, providing a clean slate for new construction without significant demolition hurdles.
The current 1926-built, 590 SF residence is likely considered a tear-down, adding demolition costs and offering minimal value to the property in its present state.
The property is tenant-occupied with strict showing protocols ('Do Not Disturb Tenants,' 'Showing upon accepted offer/with notice'), which can complicate buyer due diligence and viewing processes.
The $1.5M list price primarily reflects the land's development potential and prime location, which may deter buyers not focused on redevelopment or those expecting more value from the existing structure.
A perfect, stand-alone home with room to expand - 2709 Strongs Drive presents a unique opportunity to acquire a well-located parcel in Venice Beach, positioned just a short walk from the beach, the Venice Canals, and Abbot Kinney Boulevard. Zoned RD 1.5-1, the site qualifies for a Small Lot Subdivision, making it ideal for developers, architects, or end- users seeking to build custom modern homes in one of Los Angeles' most supply-constrained neighborhoods. The property is currently improved with a 590 SF single-family residence built in 1926, offering low existing site coverage and a clean slate for redevelopment. Its strong positioning within a highly walkable pocket of Venice, surrounded by lifestyle amenities, beach access, and architectural precedent, makes this a versatile investment for end-users and developers alike. 2709 Strongs may also be acquired with immediately adjacent 2712 Pacific Ave, creating an assemblage totaling 7,976 SF of lot area for redevelopment. Submit POF and terms with offer. Showing upon accepted offer/with notice per occupancy. Broker/Buyer to verify all information, including SF, units, income/expenses, zoning, and permits. Subject to seller's right to accept or reject any offer. See also MLS # 25578063
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 590 | 1,496 |
| Lot Size | 2,660 | 5,391 |
| Price | $1.40M | $2.33M |
| Price per sq ft | $2.4K | $1.3K |
| Built year | 1926 | 1942 |
| HOA | $0 | $0 |
| Days on market | 343 | 64 |
Jun 13, 2026
$1,395,000
$1,500,000
-7% Price Drop
Initial Listing
Aug 13, 2025
$1,500,000
Initial Listing