
Venice, California 90291
This multi-structure High-Density Compound represents a Strong Value Opportunity, listed at $2,995,000—positioned well above the $2,861,857 Fair Market Value. While not a discount acquisition, the property offers a proven $30,000 monthly income stream, providing a robust mortgage offset. Featuring a Good Condition Rating with modern kitchen updates, the estate balances authentic 1924 Spanish charm with versatile creative studios. Its prime location near Abbot Kinney and the beach ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a self-sustaining coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 935 Venezia Avenue Subject | $2,995,000* List Price | 6 | 6 | 2,992 | $957 | - |
A 1814 Penmar Avenue Sold | $2,645,000 | 4 | 4 | 2,983 | $887 | 0.5 mi |
B 2000 Walnut Avenue Sold | $3,515,000 | 4 | 4 | 2,941 | $1,195 | 0.4 mi |
C 1000 Indiana Court Sold | $3,435,000 | 4 | 5 | 2,686 | $1,279 | 0.6 mi |
D 3011 Clune Avenue Sold | $3,000,000 | 5 | 5 | 3,173 | $945 | 1.0 mi |
E 667 Santa Clara Avenue Sold | $2,900,000 | 6 | 4 | 3,993 | $726 | 0.5 mi |
F 2013 Louella Avenue Active | $3,648,000 List Price | 4 | 5 | 3,175 | $1,149 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1924, this multi-structure property has undergone significant renovations. The main kitchen features modern cabinetry, stone countertops, and updated appliances consistent with a recent refresh. While the property is move-in ready and well-maintained, the use of wall/window AC units and varying finish levels across the secondary units place it in the 'Good' category rather than 'Excellent'.
The property functions as a high-density compound with a proven $30,000 monthly income history, providing a substantial mortgage offset for investors or owner-occupiers.
Situated in one of Venice's most coveted pockets, the home is just steps away from the boutiques of Abbot Kinney, the iconic Walk Streets, and the beach.
This 1924 Spanish-style estate retains its original romantic charm and soulful architectural details, offering a secluded sanctuary rarely found in the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2992, other record living area = 2011. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
Originally built in 1924, the property may require significant capital expenditure for updates to century-old systems, plumbing, and electrical components.
With six bedrooms and four distinct structures packed onto a 4,798-square-foot lot, the property may feel cramped and lacks traditional open yard space.
Experience the ultimate Venice lifestyle in this secluded coastal sanctuary, a rare find that offers the privacy of a single family estate with the versatility of a high-density compound. Tucked behind mature and lush landscaping, the entry offers a quiet moment of transition from the vibrant energy of the neighborhood to a peaceful architectural retreat. The primary Spanish style residence serves as the heart of the home, an original jewel retaining the authentic architectural details and romantic charm that define coastal living. The grounds unfold to reveal four distinct structures anchored by the 2 bed, 3 bath front home and a private detached 2 bed upstairs unit, complemented by versatile secondary spaces and creative studios. For the investor minded owner, the robust income history provides a complete mortgage offset, transforming the primary residence into a self-sustaining asset, with a proven $30k monthly income. Delivered vacant, this is a rare opportunity to own a soulful piece of the Venice landscape on a highly sought after street. Located in one of the area's most coveted pockets, this home is just steps from the iconic Venice Walk Streets, the boutiques of Abbot Kinney, and the ocean. It is a timeless Spanish treasure that perfectly captures the spirit of the community in a market where character defines true value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 91% |
| Baths | 6.0 | 3.0 | 93% |
| Square foot | 2,992 | 1,933.5 | 81% |
| Lot Size | 4,798 | 4,328 | 56% |
| Price | $3.00M | $2.37M | 75% |
| Price per sq ft | $1.0K | $1.3K | 20% |
| Built year | 1924 | 1948 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 155 | 1% |
May 18, 2026
$2,995,000
Initial Listing
May 10, 2002
$725,000
Public Record