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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.
Listing agent: Joy Lizabeth Kelly DRE #02115180 joy.kelly@sothebys.realty, Listing office: Sotheby's International Realty
MLS data updated 10/20/2026, 4:48:01 AM PT
Source: CRMLS, MLS #: 25560951
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Feb 13, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,700,000Closed sale · Feb 13, 2026ZIP 90291 · Feb 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.