Listing Agent: Kyle Amicucci      Broker/Office: Compass
1519 Glyndon Avenue Venice CA 90291
$ 2,100,000
  4   |    2   |    2248 Sq Feet

Listing ID

#26860679

Status

Active

Property Type

Single Family Residence

Property Style

Bungalow

County

Los Angeles

Year Built

1949

Days on website

5

Description
***OFFERS DUE MONDAY, JULY 20th AT 12 NOON*** East of Lincoln, offering a level of flexibility that is becoming increasingly difficult to find in Venice. Whether you are an end user, investor, or builder, this is a rare opportunity in one of the Westside's sought-after pockets. The existing home features a practical floor plan with well-proportioned living spaces, plus a detached bonus structure that lends itself to a home office, gym, or studio (buyer to verify permitted use). For buyers looking to renovate, the property presents a clear opportunity to modernize and add value without starting from the ground up. For developers: a third-party UnderBuilt analysis indicates the site may support a new single-family residence of approximately 3,271 square feet, plus a 400-square-foot garage exempt from FAR and a detached ADU of up to 1,200 square feet, for approximately 4,800 square feet of total buildable potential. Zoned R1V2 on a flat, regular lot. Recent ground-up development on comparable East Venice lots demonstrates the exit potential. Buyer to independently verify all zoning, development potential, overlays, and buildable square footage with the City of Los Angeles.Half a block from Penmar Park and Penmar Golf Course, and moments from Abbot Kinney, Rose Avenue, the beach, and some of the Westside's most popular restaurants and cafes, the property offers two distinct paths: refine what is here or build what is next.
Location
Financial Information
List Price:  $ 2100000
Property Features
Appliances:  Dishwasher
Direction Faces:  East
Flooring:  Tile, Wood
Furnished:  Unfurnished
Levels:  One
Parking Features:  Driveway, Garage
Property Condition:  Fixer
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C11 - Venice
City:  Venice
Listed By:   Kyle Amicucci   Compass 
Co-listed by
Christian Hose  
CA Lic#