866 Flower, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath

866 Flower, Venice, California 90291 home-pic-0

866 Flower

Venice, California 90291

ACTIVE
CONDITION: GOOD
2Beds
1Baths
944Sq Ft
4,396Lot Size

Property Price

LIST PRICE$1,549,000
EST. MARKET VALUE
$1,641,534
5% BelowMARKET VALUE

SUMMARY

Analysis of 866 Flower, Venice, California 90291 reveals a Prime Investment Opportunity with a current list price of $1,549,000—significantly undercutting the $1,641,534 Fair Market Value by 5%. This valuation gap indicates a +$92,534 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$1,641,534 +$92,534 Equity Potential
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
866 Flower
Subject
$1,549,000*
List Price
21944$1,739-
A
538 Altair Place
Sold
$1,400,00021880$1,5910.5 mi
B
839 Commonwealth Avenue
Sold
$1,511,500211,040$1,4530.5 mi
C
250 Market Street
Sold
$1,630,00021809$2,0150.5 mi
D
532 Altair Place
Sold
$1,461,00021936$1,5610.5 mi
E
2432 Cloy Avenue
Sold
$1,927,985221,123$1,7170.9 mi
F
823 Commonwealth Avenue
Active
$1,700,000
List Price
321,220$1,3930.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This 1946 bungalow is in move-in ready condition, featuring a thoughtfully updated kitchen with modern cabinetry, stone countertops, and stainless steel appliances. The home retains its original hardwood floors in excellent condition and shows well-maintained interior finishes and manicured curb appeal. While the kitchen is modern, the property maintains its mid-century footprint and character rather than being a full contemporary rebuild.

PROSSTRENGTHS & OPPORTUNITIES

  • Development Potential

    The oversized lot and detached garage offer significant upside for a high-value ADU conversion or a substantial expansion of the primary residence, a rare find in the Venice market.

  • Prime Coastal Location

    Perfectly situated in the heart of Silicon Beach, the property provides immediate access to world-class dining on Abbot Kinney, the Venice Canals, and the beach, ensuring strong long-term appreciation.

  • Turnkey Character

    This mid-century bungalow combines original wood floors and architectural charm with a thoughtfully updated kitchen, offering an immediate move-in ready 'blank slate' for design-conscious buyers.

CONSRISKS & DEFICIENCIES

  • Limited Living Space

    At just 944 square feet with only one bathroom, the current footprint is relatively small for the price point and may require additional investment to meet the needs of larger households.

  • Vintage Infrastructure

    Built in 1946, the property may necessitate future upgrades to aging systems typical of mid-century homes, such as plumbing or electrical, to align with modern standards.

About 866 Flower

Location, location, location! Nestled on a pristine, quiet neighborhood street in the heart of one of Southern California’s most iconic communities, this fabulous Venice bungalow offers the ultimate retreat for Silicon Beach homebuyers and savvy investors alike. From the moment you arrive, the home’s classic mid-century charm and manicured curb appeal set a sophisticated tone. Bathed in an abundance of natural light, the interior features a thoughtfully updated kitchen, a formal dining and dining room, and a spacious living area that together create an instantly welcoming ambiance perfect for both quiet relaxation and vibrant entertaining. Original wood floors and elegant architectural archways provide a timeless, high-quality "blank slate," allowing you to move in immediately or easily infuse the space with your own contemporary design vision. The true magic of this property lies in its exceptional outdoor versatility. Situated on a generous, over-sized lot, there is incredible upside with ample room for a substantial expansion of the primary residence. The lushly landscaped front and backyards serve as private sanctuaries where you can enjoy the coastal breeze and year-round California sun. A standout feature is the large, detached garage. This structure is perfectly positioned and suited for a high-value ADU conversion, offering a prime opportunity to create a detached home office, a chic guest suite, or a consistent stream of rental income in a high-demand market. The expansive backyard is fully fenced and secured, providing a peaceful haven with effortless flow for indoor-outdoor living. Enjoy the luxury of space and privacy rarely found in Venice, all while being just moments away from the world-class shopping and dining of Abbot Kinney Boulevard, the historic Venice Canals, and the sand of Venice Beach. Whether you are looking for a charming personal residence with a "soul" or a strategic investment with massive equity potential, this Venice gem represents a rare and lucrative opportunity to secure your place in one of Los Angeles’ most sought-after and appreciating pockets.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1946
Lot Size
4,396 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
33%
Baths1.03.0
18%
Square foot9441,747
13%
Lot Size4,3964,296
51%
Price$1.55M$2.43M
13%
Price per sq ft$1.6K$1.3K
81%
Built year19461947
49%
HOA$0$0
50%
Days on market8162
1%

Pricing History

Listed for Sale

Feb 26, 2026

$1,549,000

Initial Listing

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