2403 Ocean Avenue, Venice, California 90291, Venice, 90291 - 2 bed, 2 bath

2403 Ocean Avenue, Venice, California 90291 home-pic-0
ACTIVE$1,675,000
2403 Ocean Avenue, Venice, California 90291
2Beds
2Baths
808Sqft
3,602Lot
Year Built
1953
Close
-
List price
$1.68M
Original List price
$1.68M
Price/Sqft
$2,073
HOA
-
Days on market
-
Sold On
-
MLS number
25509771
Home ConditionFair
Features
Good View: Canal
Patio
ViewCanal

About this home

Possibly Over-Priced:The estimated price is 19% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.68M(17th), sqft - 808(7th), beds - 2(29th), baths - 2(37th).

Located just behind the Venice Canals, this single-level beach bungalow offers a prime location within walking distance to Abbot Kinney and the beach. There is even a shortcut that leads you to the beach by taking the iconic white Venice Canal bridges. The home features 2 bedrooms, 1 remodeled bathroom, original hardwood floors, and a front patio. The kitchen includes a breakfast area and a separate laundry space. A detached bonus office/studio with a half bath and vaulted ceilings is situated next to the fenced-in private backyard, ideal for use as a home office, guest space, or workout room. There is potential to expand this and convert it into a one-bedroom ADU. The alley-accessible parking includes a covered carport, an extra parking space. This property offers flexible options use as is or rent it out, renovation, or new development with the possibility to add a second story or rooftop deck with potential Canal views.

Price History

Date
Event
Price
08/28/25
Sold
$1,500,000
08/03/07
Sold
$1,015,000
10/27/06
Sold
$1,000,000
11/04/98
Sold
$285,000
Condition Rating
Fair

The property, built in 1953, presents a mixed condition. While one bathroom has been remodeled to a modern standard and a detached bonus studio offers updated features like a mini-split AC, the main kitchen is notably outdated with older appliances (except for the refrigerator), dated white shaker-style cabinets, and what appears to be laminate or older tile countertops and linoleum/vinyl flooring. The description mentions 'original hardwood floors' in the main house, which, while charming, suggests a lack of full recent renovation. The property analysis also points to 'Aging Infrastructure/Limited Modernization' and the need for updates to meet contemporary standards. Overall, the home is maintained and functional, but the kitchen and general infrastructure show signs of being outdated, requiring minor to moderate updates to achieve a modern aesthetic and functionality throughout.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable proximity to the Venice Canals, Abbot Kinney, and the beach, offering a highly desirable lifestyle with a unique shortcut to the sand.
Significant Development Potential: Ample opportunity for expansion, ADU conversion, or new construction, including adding a second story or rooftop deck with enhanced Canal views.
Versatile Detached Bonus Space: A separate office/studio with a half bath and vaulted ceilings provides valuable flexible space for work, guests, or recreation.
Valuable Off-Street Parking: Alley-accessible parking, including a covered carport and an additional space, is a premium amenity in this sought-after coastal area.
Existing Canal View: The property already benefits from a canal view, enhancing its aesthetic appeal and market value.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-28. The sold price is $1,500,000.00.
Compact Main Residence: The 808 sqft main bungalow is relatively small, potentially limiting living space for some buyers without further expansion.
Substantial Price-to-Value Discrepancy: The listing price of $1.675M significantly exceeds the estimated property value of $1.356M, indicating a premium placed on location and development potential.
Aging Infrastructure/Limited Modernization: As a 1953 build with only one remodeled bathroom, other systems or areas may require updating to meet contemporary standards.

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