313 Market Street, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
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313 Market Street
Venice, California 90291
ACTIVE
CONDITION: FAIR
2Beds
1Baths
745Sq Ft
2,806Lot Size
Property Price
LIST PRICE$1,295,000
EST. MARKET VALUE
$1,248,407
3% AboveMARKET VALUE
SUMMARY
This 1913 bungalow represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned above the $1,286,363 Fair Market Value. While the property requires cosmetic updates to its Condition Rating of 4, it offers significant Development Potential through the adjacent lot availability and existing architectural concepts. The Prime Coastal Location one block from Abbot Kinney provides immense long-term value. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to execute a custom luxury build in a premier Venice neighborhood.
Estimated Market Value
$1,248,407
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 |
|---|---|---|---|---|---|---|
★ 313 Market Street Subject 2 bd · 1 ba · 745 sqft · $1,676 | $1,295,000* List Price | 2 | 1 | 745 | $1,676 | - |
A 505 Venice Way Sold 2 bd · 1 ba · 855 sqft · $1,374 · 0.2 mi | $1,175,000 | 2 | 1 | 855 | $1,374 | 0.2 mi |
B 109 Dudley Avenue Sold 1 bd · 3 ba · 1,024 sqft · $1,465 · 0.6 mi | $1,500,000 | 1 | 3 | 1,024 | $1,465 | 0.6 mi |
C 130 Wavecrest Avenue Sold 1 bd · 1 ba · 848 sqft · $1,783 · 0.2 mi | $1,511,700 | 1 | 1 | 848 | $1,783 | 0.2 mi |
D 2432 Wilson Avenue Sold 3 bd · 2 ba · 930 sqft · $1,720 · 0.8 mi | $1,600,000 | 3 | 2 | 930 | $1,720 | 0.8 mi |
E 705 Superba Avenue Pending 2 bd · 2 ba · 992 sqft · $1,507 · 0.5 mi | $1,495,000 List Price | 2 | 2 | 992 | $1,507 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
This 1913 bungalow is well-maintained and livable, but the interior updates—particularly the kitchen's tile countertops and older appliances—appear to be 15 to 30 years old, making the finishes dated and in need of modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated just one block from Abbot Kinney Blvd and a short walk to the beach, this property offers unparalleled access to Venice's premier dining, shopping, and lifestyle hotspots like Soho House and Belle's Beach House.
- Significant Development Potential
The rare opportunity to purchase the adjacent lot at 311 Market St, combined with existing architectural concepts by Matthew Royce, AIA, provides immense value for investors looking to build a larger compound or custom luxury residence.
- Authentic Character & Modern Style
This 1913 bungalow masterfully preserves its historic charm through original stained glass and built-ins while integrating designer fixtures and a pergola-covered patio for a sophisticated indoor-outdoor living experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2806, other record lot size in square feet = 2869.
- Limited Interior Square Footage
At only 745 square feet for a two-bedroom configuration, the living space is exceptionally compact, which may challenge buyers looking for more functional room or storage.
- Permitting and Planning Uncertainty
While architectural renderings are available, the Coastal Development Permit and engineering plans have lapsed, meaning a buyer faces potential regulatory hurdles and no guarantee of approval for the proposed designs.
About 313 Market Street
Charming Venice bungalow one block from Abbot Kinney! This lovely 1913 home retains its original character while incorporating modern updates. The stained glass window, built-in shelving, and hardwood floors blend seamlessly with designer light fixtures and custom window treatments to create a timeless and stylish interior. The kitchen and one of the two bedrooms open to a pergola-covered patio that overlooks the lush, spacious backyard. There's so much charm and warmth in this classic Venice bungalow, plus it's ideally located just blocks from the beach and all the incredible shopping and dining on Abbot Kinney Blvd, including hotspots like RVR, Hume, The Lighthouse, Belle's Beach House, the upcoming Soho House Venice, and more. A great opportunity to live the laid back Venice lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1913
- Lot Size
- 2,806 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 | 2.4 |
| Square foot | 745 | 1,674.03 |
| Lot Size | 2,806 | 4,310.258 |
| Price | $1.29M | $2.32M |
| Price per sq ft | $1.7K | $1.4K |
| Built year | 1913 | 1944 |
| HOA | $0 | $401 |
| Days on market | 37 | 61 |
Pricing History
Listed for Sale
Oct 24, 2026
$1,295,000
$1,350,000
-4% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$1,350,000
Initial Listing