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Venice Beach.
2200 louella ave
- $3,128,000
- 4 Beds
- 4 Baths
- 5,525 SQFT
This soulful, warm, and inviting venice reimagined spanish home has been completely renovated and will captivate you. Situated on a corner lot on...
View listing814 crestmoore pl
- $3,100,000
- 4 Beds
- 5 Baths
- 4,203 SQFT
What you’ll love most: located in a highly sought-after neighborhood of venice, this beautifully designed architectural home with custom, high-end finishes blends both...
View listing986 vernon ave
- $3,095,000
- 4 Beds
- 5 Baths
- 5,912 SQFT
Located on one of the best streets in venice, this newly remodeled home stands out amongst the rest. The open, airy floor plan...
View listing305 venice way
- $3,050,000
- 4 Beds
- 4 Baths
- 2,084 SQFT
Fantastic opportunity and amazing value in this premiere venice architectural! Modern living awaits in this architectural new construction home, situated seconds away from...
View listing1523 cabrillo ave
- $2,975,000
- 4 Beds
- 4 Baths
- 2,550 SQFT
Architectural hideaway off famed abbott kinney in the beautiful windward circle enclave. Privacy, tranquility and versatility steps from shopping, famous restaurants and the...
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 |