Active Under Contract

705 Flower Avenue

Venice, CA 90291
Mark as Favorite
Bed 4

Bed

Bath 4

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 seamlessly and unlock addition al 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 : ResidentialIncome

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 beds: 4

    Bathroom Information

    Total Baths: 4
  • Interior Features

    Appliances: Refrigerator

  • Building Information

    Year Built: 1939
    Building Area Total: 1540
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 5802 Lot Size Acres: 0.1332 Lot Size Square Feet: 5,802

  • Listing Price Information

    Listing Price: $1775000

  • Tax Information

    Parcel Number: 4240018052

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: South of Rose, West of Lincoln Blvd Security Features: GatedCommunity,SecurityGuard
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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
1384 Palms, Venice, CA, 90291 $2,199,000 3 2 1,897 1,897 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
1347 Palms Boulevard, Venice, CA, 90291 $9,600,000 4 4 3,872 3,872 SqFt
2106 Glyndon Avenue, Venice, CA, 90291 $9,500,000 5 6 3,900 3,900 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt
2515 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 3 2,801 2,801 SqFt
2513 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 -- 2,801 2,801 SqFt
2416 Penmar Avenue, Venice, CA, 90291 $2,079,000 3 4 2,424 2,424 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/25/2026 @ 12:21

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

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