51 27th Avenue, Venice, California 90291, Venice, 90291 - 5 bed, 5 bath

51 27th Avenue, Venice, California 90291 home-pic-0

51 27th Avenue

Venice, California 90291

ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
2,227Sq Ft
5,278Lot Size

Property Price

LIST PRICE$9,500,000
EST. MARKET VALUE
$8,568,869
10% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$8,568,869
Based on Realkey algorithm analyzing recent comparable sales in Venice.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
51 27th Avenue
Subject
$9,500,000*
List Price
552,227$3,848-
A
1915 Ocean Front Walk
Active
$7,999,000
List Price
462,631$3,0400.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This 1910 Craftsman has undergone an extensive, high-end designer renovation by Lorna Wallace Design, effectively modernizing the home while preserving its historical character. The property features a fresh, modern sensibility with updated kitchen and bathrooms, premium wood finishes, and high-quality fixtures. The inclusion of a pool, guest house, and meticulously landscaped double lot, combined with the luxury price point, indicates that all systems and components are in like-new condition with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Rare Double Lot & Outdoor Amenities

    Situated on a rare double lot in Venice, this property offers an expansive outdoor oasis featuring a pool, guest house, and lush landscaping, a significant rarity for the area's dense walk streets.

  • Prime Coastal Location

    Located on a premier walk street just steps from the beach and Oceanfront Walk, the home provides immediate access to the sand and the quintessential Southern California beach lifestyle.

  • Historical Designer Pedigree

    This 1910 Craftsman, formerly owned by the Mayor of Venice, seamlessly blends historical significance with a modern renovation by Lorna Wallace Design, preserving original character while offering contemporary luxury.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5278, other record lot size in square feet = 2639.

  • High Price Per Square Foot

    At a list price of $9.5 million for approximately 2,227 square feet of living space, the property carries a premium valuation that may be perceived as aggressive relative to the interior scale.

  • Walk Street Accessibility

    The prestigious walk street location, while charming and quiet, presents inherent logistical challenges regarding direct vehicle access and limited parking for guests.

About 51 27th Avenue

With over a century of history, the Craftsman-style home remains one of America's and particularly California's most beloved architectural traditions. Originally purchased in 1904 by Lucinda Dike for just $10, the lot became home to a residence built in 1910. Later acquired by the family of Edward Gerety, who served as Mayor of Venice, the property remained in the Gerety family through the 1940s, a rare legacy of early Venice history. Defined by timeless charm and masterful craftsmanship, the design embraces natural materials, rich woodwork, and thoughtful details, including open floor plans, built-in features, warm wood finishes, expansive windows, and a central fireplace that anchors the living space. Reimagined with the refined eye of Lorna Wallace Design, the home has been thoughtfully updated to preserve its original character while introducing a fresh, modern sensibility. Perfectly positioned on a rare double lot along Venice's premier walk street, just steps from the beach and Oceanfront Walk, this distinctive residence offers the ultimate in Southern California beach living. Featuring five bedrooms, including a private guest house, the home is surrounded by lushly landscaped grounds with a pool and multiple lounging areas ideal for outdoor dining, entertaining, or quiet relaxation. Property consists of 2 APNS.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
-
Lot Size
5,278 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
5 (5 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
90%
Baths5.03.0
87%
Square foot2,2271,779
64%
Lot Size5,2784,296
75%
Price$9.50M$2.45M
99%
Price per sq ft$4.3K$1.3K
98%
Built year-1947
1%
HOA$0$0
50%
Days on market179165
64%

Pricing History

Listed for Sale

Sep 8, 2025

$9,500,000

Initial Listing

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