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Sold for $5,300,000 · Jan 2020

SOLD

Listed at $5,900,000

Sold

319 VERNON Avenue, Venice, CA 90291

Venice, CA

MLS# 19440280

Property
250 days on market

Listing Agent

Rita Nickels

Listing Agent

Compass

DRE #: 349743

Brokerage: Compass

Property Details

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Property Type

Description

DEVELOPMENT OPPORTUNITY SIDE BY SIDE PROPERTIES SOLD TOGETHER AS A COMBINED SALE - 12006 SQ.FT. LOT- LARD1.5 ZONING. Charming courtyard compound close to the beach, restaurants, shops and other popular Venice amenities. Property at 315 Vernon Avenue offers 3 detached cottages and 4 car garage attached to the front cottage. Adjacent property at 319 Vernon Avenue APN# 4286-007-007 has one detached cottage facing Vernon Avenue & a Two story - 2 unit building in back. Three outside parking spaces and one coin-op laundry room. Great properties for owner/user or future development. ALL UNITS WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. Buyer to do their own due diligence regarding possibilities for development. Sq.Ft. indicated for land & buildings is the total as per assessor for both properties combined.

Listing description from the January 2020 sale, as reported to CRMLS.

Facts & Features

Details

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Courtyard

Sale history for 319 VERNON Avenue

2 recorded sales

$5,300,000
Sold January 2020 · listed $5,900,000, on market March 2019, 250 days on market · MLS #19440280 · Source: CRMLS
Listing Agent: Rita Nickels · Listing Office: Compass · Bought with: Sarita Payne · The Address, Inc.
$1,700,000
Sold February 2014 · listed $1,775,000, orig. $1,995,000, on market August 2013, 148 days on market · MLS #13697745 · Source: CRMLS
Listing Agent: Stephan Klein · Listing Office: California Coastal Real Estate · Contact: 877-325-7445 · Bought with: Stuart Banerjee · D.G. Realty

How this sale compares

319 VERNON Avenue sold for $5,300,000 in January 2020, 10% under its $5,900,000 list price, after 250 days on the market. Across 174 closed sales in 90291 over the last 12 months, the median sold price is $2,100,000 and the median is $1,217 per square foot.

$1,217
90291 median per sq ft (12 mo)
$2,100,000
90291 median sold price (12 mo)
174
Closed sales in 90291 (12 mo)
250
Days on market
−10%
Sold vs. list price
QuarterClosed sales in 90291Median sold price
Q1 202620$2,132,500
Q2 202679$2,050,000
Q3 202664$2,130,000
Q4 202611$2,400,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Venice · Homes for sale in 90291

Recent sales near 319 VERNON Avenue

Closed sales reported in 90291, nearest first, last 12 months. All recent sales in Venice →

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