
Los Angeles, California 90291
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,115,376 Fair Market Value by 5%. This valuation gap provides $120,376 in Instant Equity for the buyer. Featuring a modernized interior and a permitted recreation room, the property maintains an Excellent Condition Rating. With a private deck and gated parking for 3 cars, this home is perfectly suited for Owner-Occupants seeking a coastal lifestyle or Buy-and-Hold Investors targeting the high-demand Venice market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 670 Olive Street Subject | $1,995,000* List Price | 3 | 2 | 1,620 | $1,306 | - |
A 2477 Walnut Avenue Sold | $1,885,000 | 4 | 2 | 1,398 | $1,348 | 0.5 mi |
B 754 California Avenue Sold | $2,050,000 | 3 | 3 | 1,511 | $1,357 | 0.7 mi |
C 1126 Grant Avenue Sold | $2,120,000 | 3 | 3 | 1,378 | $1,538 | 0.4 mi |
D 1163 Nelrose Avenue Active | $1,800,000 List Price | 3 | 2 | 1,288 | $1,398 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1953, the property has undergone a high-end, modern renovation within the last 5 years. The kitchen features contemporary cabinetry, stone countertops, and stainless steel appliances, while the bathrooms are fully updated with modern tile work and fixtures. Systems appear modernized with the inclusion of a Tesla charger and mini-split HVAC units.
Situated in one of Venice's most coveted neighborhoods, the property offers exceptional walkability to Abbot Kinney Blvd, the Venice Canals, and the beach.
The rear of the property includes a permitted recreation room with a separate bedroom and living area, providing rare flexibility for a guest suite, creative studio, or rental income.
The property features rare gated on-site parking for three cars and a Tesla charger, addressing a common pain point in high-density coastal areas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1620, other record living area = 1044. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At nearly $2 million for 1,620 square feet, the property carries a high price-per-foot premium that may be a deterrent for buyers seeking more interior volume.
Originally built in 1953, the home may require significant capital investment for modernizing core systems or structural updates not typical of newer luxury residences.
Tucked away in Venice's coveted Silver Triangle, just moments from the shops, restaurants and cafes of Abbot Kinney Blvd, this picturesque property presents a rare combination of location, privacy and versatility. The light-filled main residence offers three bedrooms and two bathrooms with an easy, intuitive flow designed for everyday living and effortless entertaining. The open living space unfolds into the kitchen, while custom archways create soft transitions throughout the home and bring warmth and character to the interiors. The bedrooms feel thoughtfully separated from the main gathering spaces, and French doors from the primary suite open directly to a private deck, extending the room outdoors. From there, the home flows naturally into the backyard, where mature mango, orange, apricot and loquat trees frame an inviting setting for dining, entertaining and afternoons in the sun. At the rear of the property, a permitted recreation room offers its own spacious living area and separate bedroom, creating remarkable flexibility for guests, a creative studio, home office, media lounge or private retreat. Fully fenced from the main residence and accessed from the rear alley, enjoy a distinct sense of privacy while remaining connected to the property as a whole. Gated on-site parking for 3 cars (2 in back car port and one in front driveway) and a Tesla charger add everyday convenience. A special opportunity to live, gather, and create in one of Venice's most desirable pockets, close to the beach, Venice Canals, neighborhood farmers markets, and everything that makes Venice so special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,620 | 1,664.159 |
| Lot Size | 5,751 | 6,066.556 |
| Price | $2.00M | $1.35M |
| Price per sq ft | $1.2K | $806 |
| Built year | 1953 | 1939 |
| HOA | $0 | $278 |
| Days on market | 27 | 55 |
Aug 13, 2026
$1,995,000
Initial Listing
Sep 30, 2021
$1,700,000
Public Record
May 16, 2017
$1,340,000
Public Record