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

866 Flower
Venice, California 90291
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 866 Flower Subject | $1,549,000* List Price | 2 | 1 | 944 | $1,739 | - |
A 538 Altair Place Sold | $1,400,000 | 2 | 1 | 880 | $1,591 | 0.5 mi |
B 839 Commonwealth Avenue Sold | $1,511,500 | 2 | 1 | 1,040 | $1,453 | 0.5 mi |
C 250 Market Street Sold | $1,630,000 | 2 | 1 | 809 | $2,015 | 0.5 mi |
D 532 Altair Place Sold | $1,461,000 | 2 | 1 | 936 | $1,561 | 0.5 mi |
E 2432 Cloy Avenue Sold | $1,927,985 | 2 | 2 | 1,123 | $1,717 | 0.9 mi |
F 823 Commonwealth Avenue Active | $1,700,000 List Price | 3 | 2 | 1,220 | $1,393 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 944 | 1,747 | 13% |
| Lot Size | 4,396 | 4,296 | 51% |
| Price | $1.55M | $2.43M | 13% |
| Price per sq ft | $1.6K | $1.3K | 81% |
| Built year | 1946 | 1947 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 162 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,549,000
Initial Listing





























