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415 Sherman Canal, Venice, California 90291, Venice, 90291 - 1 bed, 1 bath

415 Sherman Canal, Venice, California 90291 home-pic-0
ACTIVE$2,100,000
415 Sherman Canal, Venice, California 90291
1Bed
1Bath
384Sqft
2,856Lot
Year Built
1924
Close
-
List price
$2.1M
Original List price
$2.1M
Price/Sqft
$5,469
HOA
-
Days on market
-
Sold On
-
MLS number
25505299
Home ConditionTear down
Features
Good View: Canal, Water
Patio
ViewCanal, Water

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $2.10M(38th), sqft - 384(3th), beds - 1(2th), baths - 1(15th).

FINALLY! THIS PROPERTY WILL BE DELIVERED VACANT. This key lot is ideal. Quiet location on the north side of Sherman canal, in the middle of the block, This lot is very suitable for a complete makeover. Bring your imagination and dream vision to the very serene property. Located just 4 blocks from the beach, between Marina Del Rey and Venice, this charming location invites you to create a retreat away from the noise of the city. Beautify sunshine baths the property year round. Be a part of this community and take a boat ride through the canals. It's a better world here. Magic happens if you let it.

Price History

Date
Event
Price
03/01/25
Listing
$2,100,000
Condition Rating
Tear down
Built in 1924, the listing explicitly states the property is 'very suitable for a complete makeover' and requires 'extensive renovation/rebuild.' The existing 384 sqft structure is described as 'outdated' with 'minimal functional value,' indicating it's beyond repair for modern living and its value lies solely in the prime canal-front land.
Pros & Cons

Pros

Exceptional Canal-Front Location: Situated on the desirable north side of Sherman Canal, offering direct water access and a serene, quiet environment in a prime Venice location.
Significant Development Potential: Described as a 'key lot' ideal for a 'complete makeover' or new construction, offering a blank canvas for a dream vision in a high-value area.
Proximity to Beach & Amenities: Just four blocks from the beach and centrally located between Marina Del Rey and Venice, providing easy access to coastal lifestyle and urban conveniences.
Vacant Delivery: The property will be delivered vacant, simplifying the development process for the new owner without tenant considerations.
Desirable Water Views: Features direct views of the canal and water, enhancing the property's aesthetic appeal and value.

Cons

Extensive Renovation/Rebuild Required: Built in 1924 and explicitly stated as needing a 'complete makeover,' indicating substantial investment for modernization or a full rebuild.
Limited Existing Structure: The current 384 sqft, 1-bedroom, 1-bathroom dwelling is exceptionally small and outdated, offering minimal functional value for its high price point.
High Entry Price for Land Value: The $2.1 million list price primarily reflects the value of the prime land and location, requiring a buyer with significant capital for both acquisition and subsequent development.

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