Coming Soon

705 Flower Avenue

Venice, CA 90291
Mark as Favorite
Bed 4

Bed

Bath 0

Bath

SqFt1,540

Sqft

SqFt5,802

Sqft(Lot)

**4-Unit Investment with Approved ADU Permits** Remodeled and thoughtfully upgraded over the years, 705 Flower Ave presents a rare opportunity to acquire a pride-of-ownership four-unit property in one of Venice's most sought-after neighborhoods. Originally constructed in 1939, the property blends classic architectural character with thoughtful modern updates, offering four light-filled studio apartments that retain much of their original charm. Offered at $1,775,000, the property consists of four studio units and four separately leased garages generating approximately $121,000 in scheduled gross income, along with fully approved ADU permits to convert the existing recreation room into a fifth unit. With permits already in place, a buyer can begin construction immediately after closing and unlock additional rental income without the uncertainty of the entitlement process. Over the years, the owner has made substantial capital improvements, including updated electrical and plumbing systems, remodeled units, smooth stucco, new roofing, upgraded gas service, new decking, a new entry gate, and numerous other system upgrades that help reduce near-term capital expenditures. The property offers approximately 45% rental upside through the approved ADU conversion, allowing investors to add substantial value while acquiring a well-maintained asset with significant capital improvements already completed. Set on a 5,802-square-foot lot, the property features private decks and patios surrounded by lush greenery and garden landscaping, along with original hardwood flooring, spacious kitchens, and abundant natural light throughout the units. Ideally located in a quiet pocket of North Venice near the Santa Monica border, residents are just one block from Rose Avenue's popular restaurants and cafes, one block from Whole Foods Market, and approximately seven blocks from Venice Beach and Main Street Santa Monica. Combining timeless character, a premier Westside location, and exceptional value-add potential, 705 Flower Ave represents a compelling investment opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,775,000

AD Id : 87354421

MLS Id : 26853761

Beds : 4

Lot Size : 5,802 Sqft

Living Area Size : 1,540

Year Built : 1939

Garage : 4

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator

  • Building Information

    Year Built: 1939 Building Area Total: 1,540
  • Security Features

    Gated Community,Security Guard

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1332
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5802

  • Listing Price Information

    Original List Price: 1,775,000 Listing Contract Date: 2026-06-30
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4240018052

  • Other Property Info

    Source Listing Status: Coming Soon Source Neighborhood: C11 - Venice Postal Code Plus 4: 2771 Directions: South of Rose, West of Lincoln Blvd Zoning: LARD1.5 Source Property Type: Residential Income Area: C11 - Venice
  • Building and Construction

    Property Age: 87 Year Built Source: Vendor Enhanced Total Square Feet Living: 1540 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,298,000 4 6 4,325 4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 2,947 SqFt
2040 Glencoe Avenue, Venice, CA, 90291 $4,748,000 4 4 3,800 3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
2477 Walnut Avenue, Venice, CA, 90291 $1,885,000 4 2 1,398 1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291 $9,600,000 4 4 3,872 3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291 $3,648,000 4 4 3,175 3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291 $4,950,000 9 -- 5,486 5,486 SqFt
1531 Glencoe Avenue, Venice, CA, 90291 $4,415,000 4 4 3,240 3,240 SqFt

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ByOwner last updated this listing 07/06/2026 @ 15:50

MLS: 26853761 LISTED BY: David Messiah, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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