
Venice, California 90291
This property presents a High-Potential Investment Opportunity with a List Price of $2,300,000—positioned slightly above the $2,280,049 Fair Market Value. While the property requires significant due diligence due to its Fair Condition Rating and unverified permit status for the 1,500 sq. ft. bonus space, the Residential Income Duplex classification in a prime coastal location offers substantial upside. The asset provides rare Ocean Views and proximity to Abbot Kinney, making it a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants focused on long-term value-add repositioning.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 N Venice Subject | $1,999,999* List Price | 4 | 4 | 3,070 | $614 | - |
A 2612 Pacific Sold | $1,400,000 | 0 | 0 | 2,376 | $589 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 with no significant renovations mentioned. The listing includes explicit disclaimers regarding habitability and permit status, suggesting the property needs a total rehab. Interior photos show dated finishes and the description focuses on land value and future development potential.
Ideally positioned on N Venice Boulevard, the property offers unparalleled walkability to Venice Beach, Abbot Kinney, and Silicon Beach, ensuring high tenant demand and long-term value appreciation.
The inclusion of approximately 1,500 square feet of flexible bonus space provides a rare opportunity for a creative studio, home office, or extensive storage, significantly increasing the property's functional utility.
As a residential income duplex in a supply-constrained market, the property supports multiple ownership strategies, including long-term rental income, owner-occupancy, or potential repositioning.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3070, other record living area = 1330. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 1,500 square feet of bonus space is not included in the legal living area count, and its legality, habitability, and permit status are unverified, posing potential regulatory and financing risks.
The seller makes no representations regarding the property's condition, square footage, or legal use, placing a heavy responsibility on the buyer to independently verify all zoning and development potential.
Rare opportunity to secure a property in one of Venice’s most desirable and tightly held coastal locations. Ideally positioned on N Venice Boulevard, this property places you moments from Venice Beach, Abbot Kinney Boulevard, Marina del Rey, acclaimed dining, boutique shopping, entertainment, and the best of the Westside. The location offers outstanding access to Santa Monica, Culver City, Playa Vista, Silicon Beach, LAX, and major transportation routes, making it highly attractive to investors, owner-users, and long-term holders alike. Venice continues to command strong interest because of its unmatched combination of coastal lifestyle, walkability, creative energy, employment access, and limited inventory. Properties in this area are difficult to replace, and this address offers the kind of location that can support long-term value, strong tenant or buyer appeal, and multiple potential ownership strategies. Whether held as a long-term investment, repositioned, improved, or evaluated for future possibilities, the property presents a compelling chance to acquire a foothold in one of Southern California’s most iconic and consistently sought-after communities. Opportunities of this caliber in Venice are increasingly rare. Seller and agents make no representations regarding the legality, habitability, permit status, square footage, or future use of the bonus space. Buyer to independently verify all property information, square footage, lot size, zoning, permitted uses, development potential, parking, income, expenses, and any applicable city, zoning, building, or coastal requirements. In addition to the primary residence, the property includes approximately 1,500 square feet of bonus space offering flexibility for storage, recreation, a home office, creative workspace, or other potential uses, subject to applicable laws and governmental approvals. This additional area is not included in the permitted bedroom, bathroom, or living-area count, and its permit status, configuration, square footage, and allowable use have not been independently verified.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 8.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,070 | 2,552 |
| Lot Size | 3,130 | 4,061 |
| Price | $2.00M | $1.74M |
| Price per sq ft | $651 | $750 |
| Built year | 1955 | 1942 |
| HOA | $0 | $0 |
| Days on market | 44 | 243 |
Aug 16, 2026
$1,999,999
$2,300,000
-13% Price Drop
Initial Listing
Jul 27, 2026
$2,300,000
Initial Listing
Sep 1, 1998
$262,500
Public Record