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.
Single-familyProperty Type
1951Year Built
0.25 acresLot Size
$1,447Est. Price/Sq.Ft.
1 spaceParking
Listed by Joy Lizabeth Kelly•DRE #02115180• Sotheby's International Realty
Amazing opportunity to develop in a prime, Venice neighborhood! Rare, double, (street-to-street) lot with two separate houses, this property offers a myriad of possibilities to fix and save as a potential income property or as a home with the possibility of additional income. Situated in the highly desirable area of Durley Park with an extraordinary lot of 10,902 sq ft lot (63’ wide and 174’ deep). The front house offers formal living and dining areas with 3 sizable bedrooms and a full hall bath. The back house includes a front living area, 2 good-sized bedrooms, and a full, Jack & Jill bath. Both houses have dedicated laundry facilities and associated detached garages, 2-car for the front house and 1-car for the back house with access off the alley. The nearly 11,000 sq ft lot provides ample space for both houses to have plenty of distance for privacy or improvement of the yard. Located in the heart of Silicon Beach, within minutes of Culver City, Marina Del Rey, and Santa Monica, the house is situated minutes from Abbot Kinney Blvd. and the beach, in close proximity to fantastic dining, shopping, entertainment, and recreation! Easy distance from both Venice and Lincoln Boulevards as well as the major transportation corridors of the 405 and 10 freeways to facilitate getting where you need to go. Don’t miss this opportunity to own property in one of the most iconic and desirable cities in LA!
CRMLS #SR23195984
Jun 18, 2024
Listing Removed
—
Apr 29, 2024
Relisted
—
Apr 19, 2024
Relisted
—
Feb 5, 2024
Pending
—
Jan 22, 2024
Relisted
—
Jan 11, 2024
Pending
—
Dec 27, 2023
Relisted
—
Dec 6, 2023
Pending
—
Dec 1, 2023
Listed
$2,500,000
$1,324/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$28,668 (+1.7%)
$2,275,000 + $100,000
$2,375,000
2024
$28,202 (+1,571.7%)
$2,275,000 + $100,000
$2,375,000
2023
$1,687 (+3.8%)
$2,228,536 + $84,896
$2,313,432
2022
$1,626 (+2.0%)
$70,914 + $39,101
$110,015
2021
$1,593 (−0.6%)
$69,524 + $38,335
$107,859
2020
$1,602 (+3.2%)
$68,161 + $37,584
$105,745
2019
$1,553 (+8.8%)
$67,463 + $37,199
$104,662
2018
$1,428 (+1.9%)
$66,141 + $36,470
$102,611
2017
$1,402 (+4.0%)
$63,574 + $35,054
$98,628
2016
$1,349 (+1.3%)
$63,574 + $35,054
$98,628
2015
$1,332 (−1.6%)
$62,328 + $34,367
$96,695
2014
$1,354 (−0.6%)
$60,190 + $33,188
$93,378
2012
$1,362 (+2.1%)
$59,918 + $33,039
$92,957
2011
$1,334 (−1.2%)
$58,744 + $32,392
$91,136
2010
$1,351 (−70.9%)
$57,593 + $31,757
$89,350
2009
$4,645 (+4.3%)
$57,163 + $31,520
$88,683
2008
$4,451
$231,698 + $131,145
$362,843
Tax history for 1325 Appleton Way
Year
Property tax
Land + Additions
Assessment*
2025
$28,668 (+1.7%)
$2,275,000 + $100,000
$2,375,000
2024
$28,202 (+1,571.7%)
$2,275,000 + $100,000
$2,375,000
2023
$1,687 (+3.8%)
$2,228,536 + $84,896
$2,313,432
2022
$1,626 (+2.0%)
$70,914 + $39,101
$110,015
2021
$1,593 (−0.6%)
$69,524 + $38,335
$107,859
2020
$1,602 (+3.2%)
$68,161 + $37,584
$105,745
2019
$1,553 (+8.8%)
$67,463 + $37,199
$104,662
2018
$1,428 (+1.9%)
$66,141 + $36,470
$102,611
2017
$1,402 (+4.0%)
$63,574 + $35,054
$98,628
2016
$1,349 (+1.3%)
$63,574 + $35,054
$98,628
2015
$1,332 (−1.6%)
$62,328 + $34,367
$96,695
2014
$1,354 (−0.6%)
$60,190 + $33,188
$93,378
2012
$1,362 (+2.1%)
$59,918 + $33,039
$92,957
2011
$1,334 (−1.2%)
$58,744 + $32,392
$91,136
2010
$1,351 (−70.9%)
$57,593 + $31,757
$89,350
2009
$4,645 (+4.3%)
$57,163 + $31,520
$88,683
2008
$4,451
$231,698 + $131,145
$362,843
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
0.25 Acres
Year renovated
—
Sq. Ft.
1,098
Year built
1951
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
4244020007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
R1V2
One Family Variable-Mass 2
These zones are intended to address issues of neighborhood character and to facilitate the compatibility of new construction, additions, and alterations in single-family neighborhoods having an existing variety of building forms. The intent of this variation is to allow flexibility in the location of massing within a maximum building envelope that respects the scale of other houses in the vicinity.
Permitted uses
Include but are not limited to:
Assembly / meeting place-Other
Housing-Single unit
Housing-Multiple units
Park & open space
Oct 7, 2025 • Active
Bldg-demolition
Demolish an existing detached garage. Install a pedestrian fence as required. No sewer cap is required.
Demolition
Oct 7, 2025 • Active
Bldg-addition
Perform a major remodel of an existing one-story single-family home to create a two-story single-family home. The project includes an attached two-car garage, a balcony, and an attached one-story accessory dwelling unit. Install fire sprinklers throughout the building.
Addition
ADU
Fire sprinkler
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Carport, Garage Is Detached
Interior
Bathroom Information
# of Baths (Full): 2
Laundry Information
No Laundry
Additional Rooms
Living Room
Flooring Information
Hardwood Floors, Carpeted Floors
Heating & Cooling
No Cooling
No Heat
Exterior
Building Information
Total Floors: 1
One Level
Detached
Detached/No Common Walls
Faces South
Builder's Tract Name: Durley Park
Property Information
Property Type: Residential Single-Family
Property Condition: Tear Down
Land Information
Other Structures: Accessory Bldgs
Lot Information
Lot Size (Sq. Ft.): 10,905
Lot Size (Acres): 0.2503
Lot Size Dimensions: 63 x 174
Zoning: LAR1
Financial
Assessment Information
Assessor Parcel Number: 4244-020-007
Location
Community Information
# of Units in Complex (Total): 2
School Information
School District: Los Angeles Unified
Location Information
Directions: Please used preferred map app
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,098
Stories: —
Lot Size: 0.25 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: —
County: Los Angeles County
APN: 4244020007
Home facts updated by county records on Jul 6, 2026
Other
Documents & Disclosures
Disclosures: As Is
Listing Information
Possession: Close Of Escrow
Around this home
Schools
Walgrove Avenue Elementary School
Public K-5 • Assigned • 0.2mi
5/10
Mark Twain Middle School and World Languages Magnet
Public 6-8 • Assigned • 0.6mi
8/10
Venice Senior High School
Public 9-12 • Assigned • 0.8mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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