718 Valita Street
Venice, CA, 90291
$1,449,000
MLS: 26996057
Beds
2
Baths
2
Sq Ft
1,503
Lot
0.12 ac
Year Built
1956
MLS #
26996057
Days on Market
10
Listed
Oct 2, 2026
Description
A detached single-family home on a 5,097 sq ft R1 lot in Venice's East of Lincoln neighborhood, owned by the same family since 1985 and on the market for the first time in roughly 40 years. The existing 1956 single-story home offers 2 bedrooms, 2 baths and approximately 1,503 sq ft, with original hardwood floors, a brick fireplace and a detached garage. It is largely original, which gives the next owner a clean slate: renovate and expand the current home, or explore a new build designed around how you want to live in Venice. Valita is a quiet residential street between Lincoln and Walgrove with Penmar Park and Golf Course, Rose Ave and Abbot Kinney all close by. Opportunities to buy a house and a full lot in Venice at this price are rare. Buyer to verify zoning, permits and all development potential with the City of Los Angeles. Property sold in as-is condition.
Location
Venice, Los Angeles County, CA 90291
Open on Google Maps ↗Listed by: Crystal Ortiz · eXp Realty of Greater Los Angeles
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$11,311
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $144,900 · Loan: $1,304,100
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,958
- Property tax (1.25%)
- $1,509
- Homeowners insurance
- $300
- Mortgage insurance
- $543
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Venice home with as little as 3.5% down using an FHA loan — roughly $50,715 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Venice, CA 90291 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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