Exceptional Development Opportunity in Venice Beach. A rare offering in the sought-after Penmar neighborhood of Venice Beach. 1325 & 1327 Appleton Way present an extraordinary opportunity for developers, builders, and visionaries alike. Set on a generous 10,903 square foot lot on a tranquil street, this property features two existing structures primed for a major remodel or complete redevelopment. Whether you envision a modern compound or multiple new homes, the lot offers ample space and potential, following the lead of other beautifully transformed properties in the area. Beloved for its welcoming community vibe, Penmar offers easy access to the beach, vibrant Venice dining and shopping, Silicon Beach, Marina del Rey, and the creative hubs of Culver City. Opportunities like this are increasingly rare, don't miss your chance to create something truly special in one of L.A.'s most dynamic coastal neighborhoods.
Pending
$2,900,000
1325 Appleton Way, Venice, CA 90291
6beds
1,888sqft
Est.:
Residential, Single Family Residence
Built in 1951
0.25 Acres Lot
$2,730,400 Zestimate®
$1,536/sqft
$-- HOA
What's special
Tranquil streetAmple space and potential
- 157 days |
- 44 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: September 12, 2025 at 04:41am
Listed by:
Joy Lizabeth Kelly DRE # 02115180 310-339-9400,
Sotheby's International Realty 310-481-6262
Source: CLAW,MLS#: 25560951
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room
Heating
- None
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Hardwood, Carpet
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,888
- Total interior livable area: 1,888 sqft
Property
Parking
- Parking features: Carport, Garage Is Detached
- Has garage: Yes
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: None
Lot
- Size: 0.25 Acres
- Dimensions: 63 x 174
Details
- Additional structures: Accessory Bldgs
- Parcel number: 4244020007
- Zoning: LAR1
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: California Bungalow
- Property subtype: Residential, Single Family Residence
Condition
- Tear Down
- Year built: 1951
Community & HOA
HOA
- Has HOA: No
Location
- Region: Venice
Financial & listing details
- Price per square foot: $1,536/sqft
- Tax assessed value: $2,375,000
- Annual tax amount: $28,668
- Date on market: 7/7/2025
Estimated market value
$2,730,400
$2.59M - $2.87M
$7,363/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Pending sale | $2,900,000$1,536/sqft |
Source: | ||
| 7/7/2025 | Listed for sale | $2,900,000+22.1%$1,536/sqft |
Source: | ||
| 12/30/2024 | Sold | $2,375,000+3.3%$1,258/sqft |
Source: | ||
| 7/16/2024 | Pending sale | $2,300,000$1,218/sqft |
Source: | ||
| 7/9/2024 | Price change | $2,300,000-8%$1,218/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $28,668 +1.7% | $2,375,000 +2.7% |
| 2024 | $28,202 +1571.7% | $2,313,432 +2002.8% |
| 2023 | $1,687 +3.8% | $110,015 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$18,145/mo
Principal & interest
$14327
Property taxes
$2803
Home insurance
$1015
Climate risks
Neighborhood: Venice
Nearby schools
GreatSchools rating
- 8/10Walgrove Avenue Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Mark Twain Middle School and World Languages MagnetGrades: 6-8Distance: 0.6 mi
- 8/10Venice Senior High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Los Angeles Unified
Source: CLAW. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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