
Venice, California 90291
This Non-RSO Duplex presents a High-Potential Investment Opportunity with a List Price of $1,545,000—positioned above the $1,395,929 Fair Market Value. While currently priced at a premium, the property offers significant upside through its approved ADU permit and Non-RSO status, allowing for immediate market-rate rent adjustments. Featuring a Fair Condition Rating and a private deck, this asset is well-positioned for long-term coastal appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage Venice’s high rental demand and value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1920 Canal Subject 0 bd · 0 ba · 2,012 sqft · $695 | $1,545,000* List Price | 0 | 0 | 2,012 | $695 | - |
A 2612 Pacific Sold 0 bd · 0 ba · 2,376 sqft · $589 · 0.3 mi | $1,400,000 | 0 | 0 | 2,376 | $589 | 0.3 mi |
B 502 Westminster Sold 8 bd · 4 ba · 2,728 sqft · $715 · 0.4 mi | $1,950,000 | 8 | 4 | 2,728 | $715 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 47-year-old duplex is functional and currently occupied, but the lack of mentioned renovations suggests dated interiors and original systems. It meets the criteria for Fair condition as it is likely move-in ready for tenants but requires cosmetic updates to kitchens and baths to reach modern standards.
The property is not subject to the Rent Stabilization Ordinance, providing owners with significant flexibility to adjust rents to market rates and maximize long-term ROI.
An approved permit for a studio ADU is included, offering a ready-to-go opportunity to increase the property's square footage and generate a third stream of rental income.
Situated in a highly sought-after Venice neighborhood, the property benefits from enduring rental demand, limited housing supply, and strong potential for capital appreciation.
With both units currently occupied, owner-users may face delays in taking possession, and investors may be limited in their ability to perform immediate comprehensive renovations.
The 2,991 square foot lot is relatively compact for a multi-unit property, which may restrict further expansion beyond the permitted ADU and limit private outdoor space.
Calling all owner-users and investors - 1920 Canal Street in Venice, CA presents a compelling duplex opportunity in one of Los Angeles’ most sought-after coastal rental markets. The property features a downstairs 1-bedroom unit and an upstairs 2-bedroom unit, both currently occupied, with each residence offering in-unit laundry and private outdoor space. The building is non-RSO and includes an approved permit for a studio ADU, providing an opportunity to create additional rental income or flexible live/work space. Ideally suited for an owner-user or investor, 1920 Canal offers the opportunity to acquire a well-positioned duplex in a premier Westside location. With strong rental demand, limited housing supply, and Venice’s enduring appeal as a coastal destination, the property offers an attractive combination of current income and long-term value potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.1 |
| Baths | 0.0 | 4.6 |
| Square foot | 2,012 | 3,252.8 |
| Lot Size | 2,991 | 4,404.8 |
| Price | $1.54M | $1.81M |
| Price per sq ft | $768 | $663 |
| Built year | 1979 | 1969 |
| HOA | $0 | $0 |
| Days on market | 36 | 173 |
Sep 18, 2026
$1,545,000
Initial Listing
Aug 31, 2012
$954,500
Public Record