340 Rennie Avenue, Venice, CA 90291
340 Rennie Avenue, Venice, CA 90291
Property Description
Welcome to 340 Rennie Avenue in the vibrant Venice, CA. A standout real estate gem tailored for both owner-users and astute investors seeking exceptional rental income prospects. This property presents three distinct units, catering to various living arrangements. The welcoming front unit boasts a charming one-bedroom, and one and half bathrooms layout. The expansive middle unit showcases three bedrooms and one and a half bathrooms, offering generous living space ideal for families or those desiring extra room. Nestled at the back is a cozy studio unit, providing a tranquil escape within your personal oasis. Perfectly situated in Venice's coveted Rose corridor, this residence enjoys close proximity to Abbot Kinney, Venice Beach, and Main Street, granting residents easy access to the vibrant local lifestyle and amenities. Explore trendy boutiques, acclaimed dining spots, and the iconic Venice Beach boardwalk, all just a stone's throw away. Whether you envision residing in one unit while generating income from the others, future development possibility or seek a lucrative investment opportunity with promising rental returns, 340 Rennie Avenue delivers a harmonious blend of prime location, versatile living spaces, and great potential. Embrace the chance to own a slice of Venice's sought-after real estate market. Contact us today to schedule a viewing and seize this exciting prospect for lucrative rental income. Middle unit is Tenant occupied and can only be shown with an accepted offer . Studio Unit is not currently permitted.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Venice · Single Family Residence
Listed 21.2% above the median closed sale of $2,145,000. Price per sqft ($1,138) is a 17% premium to closed comps ($971). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 428 Rialto Avenue | Venice | 1910 | 5 | 3 | 2,080 | 5,100 | $1,918 | $3.99M | 31 | 85 |
| 722 Palms Boulevard | Venice | 1928 | 5 | 5 | 2,874 | 5,301 | $1,252 | $3.60M | 4 | 83 |
| 870 Rose Avenue | Venice | 1946 | 4 | 3 | 2,433 | 6,252 | $980 | $2.38M | 1 | 74 |
| 1126 Indiana Avenue | Venice | 1954 | 4 | 4 | 2,523 | 5,938 | $1,207 | $3.04M | 107 | 74 |
| 722 California Avenue | Venice | 1925 | 4 | 3 | 2,617 | 5,376 | $1,318 | $3.45M | 30 | 69 |
| Total: 5 · Average | 4.4 | 3.6 | 2,505.4 | 5,593.4 | $1,335 | $3.29M | 34.6 | |||
| Median | 2,523 | $3.45M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1519 Glyndon Avenue | Venice | 1949 | 08/18/2026 | 4 | 3 | 2,248 | 5,949 | $2.10M | $2.15M | $954 | 1.02 | 32 | 85 |
| 2214 Glencoe Avenue | Venice | 1927 | 05/18/2026 | 5 | 5 | 2,785 | 5,651 | $3.90M | $3.75M | $1,346 | 0.96 | 59 | 75 |
| 837 Venice Blvd | Venice | 1920 | 08/25/2026 | 4 | 3 | 2,170 | 5,625 | $1.70M | $1.70M | $783 | 1.00 | 75 | 74 |
| 2478 Glyndon Avenue | Venice | 2020 | 09/15/2026 | 4 | 5 | 2,807 | 5,845 | $1.85M | $1.65M | $588 | 0.89 | 143 | 73 |
| 1025 Nowita Place | Venice | 1940 | 06/18/2026 | 5 | 3 | 2,193 | 4,783 | $2.60M | $2.60M | $1,183 | 1.00 | 49 | 71 |
| Total: 5 · Average | 4.4 | 3.8 | 2,440.6 | 5,570.6 | $2.37M | $2.37M | $970.8 | — | 71.6 | ||||
| Median | 2,248 | $2.15M | $2.15M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.