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$ 1,600,000
Est. payment /mo
Price Dropped by $198K
404 Venice WAY Los Angeles, CA 90291
2 Beds
2 Baths
1,473 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,473 sqft
Price per Sqft $1,086
MLS Listing ID 26856337
Bedrooms 2
HOA Y/N No
Year Built 1947
Lot Size 4,795 Sqft
Property Description
Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Heating Gravity, Natural Gas
Cooling None
Flooring Wood
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
View None
Total Parking Spaces 2
Building
Story 1
Entry Level One
Sewer Other
Architectural Style Cottage
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4238020019
Special Listing Condition Standard
Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/404---Venice-Way/Residential-Income/26856337
Listed by Robert Romero New South Bay Realty #01208403