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Venice Beach.
16 paloma avenue
- $5,495,000
- 2 Beds
- 2 Baths
- 3,524 SQFT
Vid https://youtu. Be/2dmfzx41sv4 – eric clapton’s former studio/home & the only residence in the us designed by arata isozaki, architect of the moca &...
View listing805 hampton dr
- $5,495,000
- 5 Beds
- 9 Baths
- 9,570 SQFT
Former artist in residence compound of legendary artist billy al bengston, icon of the early l. A. Arts scene in the 60’s. Walled and...
View listing629 sunset ave
- $5,349,000
- 4 Beds
- 5 Baths
- 5,798 SQFT
Meticulously designed with only the highest quality materials, this newly constructed contemporary duplex provides a unique opportunity for luxury living and passive income...
View listing1371 palms blvd
- $5,250,000
- 4 Beds
- 5 Baths
- 8,158 SQFT
Find tranquility in this architectural oasis, situated in a premiere venice location! Designed and built in 2019, this phenomenal home w/ a pool...
View listing656 san juan ave
- $5,250,000
- 4 Beds
- 5 Baths
- 5,201 SQFT
2020 construction. This venice masterpiece has a stunning design made for indoor/outdoor living and entertainment. An amazing home w/4 large bedrooms, 4. 5 baths,...
View listing634 brooks ave
- $5,250,000
- 7 Beds
- 6 Baths
- 5,195 SQFT
Private & luxurious oasis with guest house, huge rooftop deck & grassy yard in the heart of venice! Rebuilt with huge addition in...
View listing819 milwood ave
- $4,999,999
- 3 Beds
- 3 Baths
- 8,144 SQFT
One of a kind venice compound on a large double lot over 8,144 sq ft! This property has so much to offer. Amazing...
View listing918 milwood ave
- $4,995,000
- 3 Beds
- 4 Baths
- 4,251 SQFT
The venice tulum house, a masterful architectural home completed in 2019. Gated and private, surrounded by lush tropical palm trees, you’ll feel transported...
View listing630 milwood ave
- $4,995,000
- 2 Beds
- 5 Baths
- 5,405 SQFT
Published 2-story venice architectural masterpiece home designed by architect, steven shortridge, with lush landscaping by jay griffith this home is located close to...
View listing632 brooks ave
- $4,995,000
- 5 Beds
- 5 Baths
- 5,194 SQFT
Situated just steps from abbot kinney and a short stroll to lincoln and the beach is this balinese-style oasis. Gated, hedged, and completely...
View listing2218 grand canal
- $4,985,000
- 3 Beds
- 5 Baths
- 2,699 SQFT
Located on a superb corner lot, this property has been completely renovated from the ground up. With extreme attention to detail, this architectural...
View listing200 s venice
- $4,950,000
- 2 Beds
- 3 Baths
- 2,991 SQFT
Private & gated architectural oasis with views of the venice canals! A beautiful bespoke atelier this elegant, 3 story home is brilliantly executed...
View listingSo many of Los Angele’s neighbourhoods need little introduction. Say Venice Beach, and almost anyone from another municipality around the world knows what to expect. These clichés are earned. Sand, surf, fashion, canals, drum circles, the boardwalk, Muscle Beach, and of course, multi-million dollar homes…all true.
Not so obvious, is its less attractive history. It was founded by Abbott Kinney in 1905 as a beach resort town, and originally called “Venice of America” to differentiate it from its Italian influence. A pier with amusement park, and rides was the focus of the original investment. His death in 1920, politics, competition, and prohibition led to its dissolve. It was independent until 1926, when it joined Los Angeles to realise the financial and municipal benefits of a larger city.
The discovery of oil in 1929 on Washington street stimulated a short boom of oil production. 450 oil wells were prevalent in the area and fueled the local economy during the great depression. It was short lived, and minor production continued until the 1970’s.
Even by the 1950’s, the neighbourhood had earned the reputation of “Slum by the Sea.” The spiral continued downwards as the climate attracted gangs. Crime rose, and it wasn’t until 2002 that increased police presence helped begin the revitalization and eventually gentrification of the area.
Much has changed in a short time. Rents are high, lots are small, and prices are at a peak. Outside of the 2 mile beachfront strip that has remnants of its attraction origin, the local community are tied into the art scene, casual surf culture, and outdoor living. The tech boom has attracted every major player and startup to the immediate or surrounding area. Google and Facebook have signed large commercial lease deals for their headquarters. Naturally, the 6 and 7 figure earning employees look locally first to find a home.
The typically profile of a Venice home was a small 600 sqft bungalows on a 3,000 sqft lot. The smaller lots constricted developers to build upwards, stimulating the Venice modern 2-story. Now a common sight in the area. Property prices range from $1.5 to $8m, with an average price of $2-3m. Demand is also high, and inventory often limited for the area. So much of the recent real estate activity is new construction and redevelopment of the original homes. The value, as they say in California, is in the land, no matter how small.
90291 venice, ca
Community
Information.
New listings | 8 | |
Active listings | 133 | |
Median Listing Price | $2625050 | |
Median days on market | 130 | |
Median sqf | 2405.5 | |
Median price per sqf | $1162.420382 |