823 Commonwealth Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 2 bath
823 Commonwealth Avenue
Venice, California 90291
Property Price
SUMMARY
Analysis of 823 Commonwealth Avenue, Venice, California 90291 reveals a Fairly Priced Property with a current list price of $1,650,000 aligned with the estimated $1,650,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 823 Commonwealth Avenue Subject | $1,650,000* List Price | 3 | 2 | 1,220 | $1,352 | - |
A 839 Commonwealth Avenue Sold | $1,511,500 | 2 | 1 | 1,040 | $1,453 | 0.0 mi |
B 908 California Avenue Sold | $1,225,000 | 2 | 1 | 910 | $1,346 | 0.6 mi |
C 532 Altair Place Sold | $1,461,000 | 2 | 1 | 936 | $1,561 | 0.9 mi |
D 1032 Nowita Place Sold | $1,580,000 | 2 | 3 | 1,433 | $1,103 | 0.8 mi |
E 866 Flower Active | $1,549,000 List Price | 2 | 1 | 944 | $1,641 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained and clean but shows significant signs of age consistent with its 1948 build date. The kitchen and bathrooms feature dated styles, including older white appliances and basic cabinetry, rather than modern renovations. While functional and livable, the home lacks recent high-end updates and is positioned as a property with 'potential to personalize,' fitting the criteria for a home that is aged but maintained through regular upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the highly desirable Venice area, the property offers exceptional proximity to the beach, Penmar Golf Course, and the trendy shopping and dining districts of Abbot Kinney and Rose Avenue.
- Quiet Cul-de-Sac Setting
Located on a peaceful cul-de-sac street, this home provides a rare sense of privacy and safety with minimal through-traffic in a vibrant urban neighborhood.
- Versatile Floor Plan
The inclusion of a dedicated bonus room alongside three bedrooms provides significant flexibility for a home office, creative studio, or guest accommodations to suit modern lifestyle needs.
CONSRISKS & DEFICIENCIES
- Compact Living Space
At 1,220 square feet for a three-bedroom home, the interior layout may feel constrained, particularly for buyers seeking the more expansive living areas common at this price point.
- Dated Infrastructure Potential
Built in 1948, the property likely requires modernization and updates to its systems and finishes to meet the contemporary luxury standards expected in the Venice market.
About 823 Commonwealth Avenue
Welcome to this charming 3-bedroom, 2-bath home, plus a bonus room, situated on a cul-de-sac street. This home features an inviting and spacious living area with ample natural light, a comfortable dining space, and a kitchen designed for everyday convenience. The layout is well-designed, providing practical spaces that adapt to a variety of household needs. Additional highlights include a dedicated laundry area, generous storage options, and a backyard ideal for outdoor enjoyment and relaxation. Conveniently located near the beach, Penmar Golf Course, Whole Foods, and the vibrant shopping and dining scenes along Lincoln Boulevard, Rose Avenue, and Abbot Kinney. This home offers a welcoming setting with the potential to personalize and create your own coastal retreat.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 4,191 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,220 | 1,747 | 21% |
| Lot Size | 4,191 | 4,255.5 | 44% |
| Price | $1.65M | $2.43M | 18% |
| Price per sq ft | $1.4K | $1.3K | 58% |
| Built year | 1948 | 1947 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 95 | 162 | 19% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,650,000
$1,700,000
-3% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$1,700,000
Initial Listing