405 Broadway Street, Venice, California 90291, Venice, 90291 - 2 bed, 2 bath
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Venice, California 90291
This property presents a High-Potential Investment Opportunity with a List Price of $3,495,000—positioned well above the $2,916,662 Fair Market Value by -19%. Featuring a Condition Rating of 5, this 1907 vintage asset requires a comprehensive renovation. The 8,198 sqft corner lot and massive art studio offer significant redevelopment potential in a premier Venice location. Given the extensive work required, this is a strategic acquisition ideal for Experienced Developers or Contractors seeking a high-impact project in a top-tier coastal neighborhood.
Property is extensive renovation needed.
Originally built in 1907, this property is marketed as a 'development or expansion canvas' and a 'trust sale,' which typically indicates an as-is condition. The interior, specifically the bathroom, features dated 4x4 tiling and fixtures from several decades ago. The presence of plywood in the studio windows and the agent's call to 'bring your contractor' confirm that the home requires a full rehab of its aging systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8198, living area = 1496.
The property spans a rare 8,198-square-foot corner lot comprised of two legal parcels, offering a significant and versatile canvas for high-end redevelopment or expansion in a premier Venice location.
Situated just moments from the world-renowned shops, restaurants, and cultural scene of Abbot Kinney Boulevard, the property commands a top-tier position in one of Los Angeles' most desirable neighborhoods.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8198, other record lot size in square feet = 5181. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
As a 1907 vintage 'Trust Sale' in original condition, the property requires significant capital investment and a complete overhaul to meet modern luxury standards.
With a list price of $3.495M for a 1,496-square-foot structure, the value is almost entirely in the land, which may limit the buyer pool to experienced developers or high-net-worth visionaries.
Located in one of Venice's most vibrant enclaves, this unique and character-rich property offers a rare blend of history, creativity, and opportunity. Situated on a corner lot, the offering includes two legal lots totaling approximately 8,198 square feet (405 Broadway St and 918 4th Ave), presenting a compelling development or expansion canvas. Built in 1907, the vintage two-bedroom, 1.5-bath home exudes quirky, artsy charm, complemented by an attached, massive art studio ideal for creatives or those seeking a flexible live/work space. The grounds feature a large grassy yard and a beloved, iconic cactus garden long admired by locals, adding to the property's distinct Venice identity. Moments from Abbot Kinney's renowned shops, restaurants, and cultural scene, this is a rare chance to reimagine or restore a truly special property in a premier location. Bring your contractor, your designer, and your vision. Trust sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,496 | 1,888 | 37% |
| Lot Size | 8,198 | 4,251 | 91% |
| Price | $3.50M | $2.31M | 83% |
| Price per sq ft | $2.3K | $1.3K | 95% |
| Built year | 1907 | 1947 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 166 | 1% |
May 11, 2026
$3,495,000
Initial Listing