866 Flower, Venice, California 90291, Venice, 90291 - 2 bed, 1 bath
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Venice, California 90291
This Venice Mid-Century Bungalow is a strategic Hybrid Value-Add Opportunity located in the heart of Silicon Beach. Listed at $1,459,000, the property is priced fairly against its $1,458,388 Fair Market Value, ensuring a stable entry into a high-appreciating coastal market. Maintaining a Condition Rating of 4, the home is move-in ready with original wood floors and a refreshed kitchen. Significant upside remains in the 4,396 sq ft oversized lot and detached garage suited for an ADU conversion. Moments from Abbot Kinney Boulevard in the Los Angeles Unified School District, this is a premier choice for Owner-Occupants or Savvy Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 866 Flower Subject | $1,459,000* List Price | 2 | 1 | 944 | $1,545 | - |
A 908 California Avenue Sold | $1,225,000 | 2 | 1 | 910 | $1,346 | 0.4 mi |
B 839 Commonwealth Avenue Sold | $1,511,500 | 2 | 1 | 1,040 | $1,453 | 0.5 mi |
C 727 Coeur D Alene Avenue Sold | $1,551,000 | 3 | 2 | 1,149 | $1,350 | 1.0 mi |
D 532 Altair Place Sold | $1,461,000 | 2 | 1 | 936 | $1,561 | 0.5 mi |
E 2137 Walnut Avenue Sold | $1,730,000 | 2 | 1 | 980 | $1,765 | 0.9 mi |
F 538 Altair Place Sold | $1,400,000 | 2 | 1 | 880 | $1,591 | 0.5 mi |
G 823 Commonwealth Avenue Active | $1,549,000 List Price | 3 | 2 | 1,220 | $1,270 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this bungalow is well-maintained and move-in ready but lacks a full modern renovation. The kitchen has been refreshed with quartz countertops and subway tiles, but retains older white appliances and dated vinyl flooring. The presence of a wall heater instead of central HVAC and older wood-frame windows indicates that major systems are functional but outdated, fitting the criteria for a property maintained through regular upkeep rather than extensive recent modernization.
Situated in the heart of Venice's 'Silicon Beach,' this property offers exceptional proximity to Abbot Kinney Boulevard, the Venice Canals, and the beach, ensuring high demand and long-term appreciation.
The oversized lot and detached garage provide a rare opportunity for a high-value ADU conversion or a substantial expansion of the primary residence to maximize equity and rental income.
The home features original wood floors, elegant architectural archways, and an updated kitchen, offering a move-in-ready 'blank slate' with timeless character.
At just 944 square feet with only one bathroom, the current living space may be restrictive for families or buyers requiring more immediate square footage without further investment.
With 48 days on market and multiple price reductions from the original list price, the property has faced challenges in finding its market value despite its desirable location.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 944 | 1,755 | 14% |
| Lot Size | 4,396 | 4,251 | 53% |
| Price | $1.46M | $2.35M | 9% |
| Price per sq ft | $1.5K | $1.3K | 71% |
| Built year | 1946 | 1947 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 177 | 2% |
Mar 29, 2026
$1,459,000
$1,499,000
-3% Price Drop
Initial Listing
Mar 14, 2026
$1,499,000
$1,549,000
-3% Price Drop
Initial Listing
Feb 26, 2026
$1,549,000
Initial Listing