5506 Venice Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 2 bath
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Los Angeles, California 90019
This property presents a High-Potential Investment Opportunity with a List Price of $1,835,000—positioned above the $1,587,601 Fair Market Value. While the current structure has a Condition Rating of 6, the asset’s true value lies in its 8,973 square foot lot and Prime Corner Location at a signalized intersection. This site offers significant development potential for those looking to capitalize on high-traffic commercial exposure. It is a strategic acquisition ideal for Commercial Developers or Value-Add Investors seeking to maximize land utility in a high-visibility corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5506 Venice Boulevard Subject | $1,835,000* List Price | 2 | 2 | 2,184 | $727 | - |
A 1116 S Burnside Avenue Sold | $1,450,000 | 3 | 2 | 1,744 | $831 | 0.9 mi |
B 1653 S Orange Grove Avenue Sold | $1,380,000 | 3 | 2 | 1,810 | $762 | 0.5 mi |
C 1423 S Spaulding Avenue Sold | $1,305,000 | 3 | 2 | 1,765 | $739 | 0.5 mi |
D 1657 S Fairfax Active | $1,450,000 List Price | 3 | 2 | 1,437 | $1,009 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1924 (100+ years old) with no mention of renovations. The listing explicitly markets the property as an 'infill asset' for developers to 'capitalize on strong underlying land value,' indicating the structure is likely unlivable or obsolete.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8973, living area = 2184.
Situated on a highly visible signalized hard-corner at Venice and Hauser Blvds, offering exceptional exposure and high traffic counts along a major Los Angeles commercial corridor.
The generous 8,973 square foot lot provides substantial underlying land value, making it an ideal candidate for developers or investors looking for high-value infill opportunities.
Built in 1924, the existing structure likely requires extensive modernization or a complete overhaul to meet current building standards and functional requirements.
With a list price of $1.835M, the property is priced primarily for its commercial and development potential, which may exceed the budget for traditional residential buyers.
506 Venice Boulevard presents an opportunity to acquire a highly visible signalized hard-corner infill asset at Venice and Hauser Blvds., located along one of Los Angeles' most active commercial corridors. The approximately 2,184 square foot building on 8,973 square foot lot offers flexibility for an owner-user, investor, or developer seeking to capitalize on strong underlying land value and premier corner positioning.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,184 | 1,672 |
| Lot Size | 8,973 | 6,067 |
| Price | $1.83M | $1.37M |
| Price per sq ft | $840 | $801 |
| Built year | 1924 | 1939 |
| HOA | $0 | $348 |
| Days on market | 104 | 56 |
Apr 10, 2026
$1,835,000
Initial Listing
Mar 16, 2020
$1,600,000
Public Record