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Closed
- Listed price
- $1,295,000
- Listed Dec 10, 2014
- Sold price
- $1,283,500
- Sold Jan 20, 2015
5,922 sqft lot00|43 MLS days on market
2478 PENMAR Ave, Venice, CA 90291
Property Description
Fabulous Venice Development Opportunity with plans for 2 architectural homes designed by acclaimed architect, David Reddy! This piece of land is ready to go for approved Small Lot Subdivision and Tentative Track Map with soils report for two separate homes both consisting of 4 bedrooms/ 3.5 baths. One home is slated to be 3410 sq ft and the other home at 3732 sq ft. Both homes feature first floor studios with bathrooms and patios, large second floor living/dining areas that lead to outdoor courtyard space, and third floors include grand en suite master bedrooms with balconies and 2 additional bedrooms. There is a spacious rooftop deck designed for both homes. Buyer to finalize Design, Structural and Permits, plus any other fees at the time the permits are pulled. Rare opportunity to develop a Small lot sub division in a great location in Venice. Close to restaurants, retail and "the Linc" with a walk score of 78, make this your next trophy development in Venice!
Listing agent: Tamra (Tami) PardeeDRE #01858429listingagents@pardeeproperties.com, Listing office: Pardee Properties, Inc.
MLS data updated 10/31/2026, 1:17:17 PM PT
Source: CRMLSMLS #: 14815547
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,283,500
Jan 20, 2015
Available records22014–2015
From MLS recordsActual listing and closing events
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
No recordNo property-price record in this range.ZIP 90291 · Oct 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.This home · 0 price recordsNo records in this period
ZIP 90291 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
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.
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MLS records may be incomplete. Earlier asking prices are not sale prices.