410 Linnie Canal, Venice, California 90291, Venice, 90291 - bed, 1 bath

410 Linnie Canal, Venice, California 90291 home-pic-0
ACTIVE$5,995,000
410 Linnie Canal, Venice, California 90291
0Bed
1Bath
Sqft
8,547Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unparalleled Development Opportunity: One of only four contiguous triple-lot properties on the famed Venice Canals, representing the last undeveloped contiguous lots in this prime location.
Top Cons:
Substantial Development Investment: Realizing the full potential of this multi-parcel property requires significant additional capital investment and time for construction and landscaping.

Compared to the nearby listings

Price:$6.00M vs avg $2.29M (+$3,704,500)97%
Size: sqft vs avg 1,818 sqft3%
Price/sqft:$0 vs avg $1.3K3%

More Insights

Condition: The existing 436 sq ft bungalow on parcel 408 has been extensively rebuilt to today's modern standard, featuring a custom kitchen with new stainless steel appliances, white quartz countertops, and contemporary light wood cabinetry. The interior boasts Italian floor tiles, recessed lighting, and large sliding glass doors, creating a seamless indoor/outdoor flow. The bathroom is also fully updated with modern fixtures and a floating vanity. This structure is virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' condition rating for a recently renovated property. The other parcels are undeveloped or have approved plans for future construction.
Year Built
Close
-
List price
$6M
Original List price
$7M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25528835
Home ConditionExcellent
Features
Good View: Canal
Deck
Patio
ViewCanal

About this home

The term "rare development opportunity" is thrown around often, but as one of only 4 contiguous triple lot properties on the famed Venice Canals, 404 Linnie Canal is the real deal. Consisting of parcels 404, 408, and 410, this special property totals over 8,500 square feet of Canal-frontage potential and represents the last undeveloped contiguous lots on Linnie Canal. Situated in one of the best locations in the vibrant community of the Canals because of its quiet setting with a view of Linnie Canal Park and mature landscaping, the property affords the flexibility to create a dream compound in a number of different ways. The 404 Linnie Canal parcel has been issued LA City Coastal Commission permits for 3,551 livable square foot home with a total of 4,737 total floor square feet including decks and garages, designed by noted Canal architect Austin Peters. Next door at the 408 parcel, a 436 square foot bungalow style studio, which is listed on Survey LA, has been extensively rebuilt to today's modern standard. Complete with a custom kitchen, Italian floor tiles, hidden laundry, sliding doors that create a seamless indoor/outdoor flow, and a grandfathered-in 8 foot setback from the property line, this structure is an ideal guesthouse or pool house to adjoin your dream home next door. Whether you maximize the location of the bungalow to create a spacious yard, add a pool, or tastefully add on to the existing structure to maximize square footage, this parcel is primed to help create a spacious and peaceful setting at your future compound. The final parcel, 410 Linnie, is a blank canvas ideally positioned for development. With the low profile of the cottage at 408 Linnie, your view to the Dell bridge and Linnie Canal Park will be preserved, while mature Podocarpus hedges provide privacy from the neighbor to the East. This unique offering features a turnkey retreat, a development-ready lot, and an open canvas for your vision, all in the heart of the canals. A true oasis in the city, this one-of-a-kind opportunity is not to be missed.

Condition Rating
Excellent

The existing 436 sq ft bungalow on parcel 408 has been extensively rebuilt to today's modern standard, featuring a custom kitchen with new stainless steel appliances, white quartz countertops, and contemporary light wood cabinetry. The interior boasts Italian floor tiles, recessed lighting, and large sliding glass doors, creating a seamless indoor/outdoor flow. The bathroom is also fully updated with modern fixtures and a floating vanity. This structure is virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' condition rating for a recently renovated property. The other parcels are undeveloped or have approved plans for future construction.
Pros & Cons

Pros

Unparalleled Development Opportunity: One of only four contiguous triple-lot properties on the famed Venice Canals, representing the last undeveloped contiguous lots in this prime location.
Prime Canal-Front Location: Exceptional quiet setting on the Venice Canals with views of Linnie Canal Park and mature landscaping, offering a serene and desirable environment.
Approved Architectural Plans & Permits: LA City Coastal Commission permits are already issued for a 3,551 sq ft home on one parcel, designed by a noted architect, significantly de-risking and accelerating future development.
Modern Turnkey Guest House: Includes an extensively rebuilt, modern 436 sq ft bungalow with custom kitchen and high-end finishes, serving as an ideal guesthouse or immediate retreat.
Expansive & Flexible Compound Potential: Over 8,500 square feet across three parcels provides immense flexibility to create a bespoke dream compound with ample space for additional amenities like a pool or extensive landscaping.

Cons

Substantial Development Investment: Realizing the full potential of this multi-parcel property requires significant additional capital investment and time for construction and landscaping.
Regulatory Complexity: Despite existing permits, future development or modifications on the remaining 'blank canvas' parcels may still involve navigating the stringent LA City Coastal Commission regulations.
Niche Buyer Pool: The unique nature as a large-scale development opportunity in a high-value area targets a very specific, affluent buyer demographic, potentially impacting market liquidity.

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