415 Sherman Canal, Venice, California 90291, Venice, 90291 - 1 bed, 1 bath
415 Sherman Canal
Venice, California 90291
Property Price
SUMMARY
Analysis of 415 Sherman Canal, Venice, California 90291 is currently available with a list price of $2,100,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1924, this 384 sqft structure is functionally obsolete and marketed primarily for its land value on the Venice Canals. The listing description explicitly suggests a 'complete makeover' and 'dream vision,' while the property analysis confirms it requires a complete teardown to meet modern standards and maximize the value of the $2.1M lot.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Canal Frontage
Situated directly on the historic Venice Canals, this property offers a rare opportunity to own in one of Los Angeles' most prestigious and unique waterfront communities.
- Delivered Vacant
The property will be delivered vacant, providing a seamless transition for buyers and eliminating the legal and financial complexities often associated with tenant relocation in Venice.
- Prime Development Potential
As a 'key lot' with a minimal existing footprint, this site serves as a premier blank canvas for a luxury custom-built residence in a high-demand coastal market.
CONSRISKS & DEFICIENCIES
- High Entry Cost for Land Value
With a list price of $2.1M for a 384 sqft structure, the value is almost entirely in the land, requiring substantial additional capital for construction or a total rebuild.
- Functional Obsolescence
The existing 1924 structure is extremely small and likely requires a complete teardown or massive renovation to meet modern living standards and maximize the property's value.
- Development Constraints
The 2,856 sqft lot size and location within the Venice Canals necessitate navigating strict coastal commission regulations and architectural guidelines for any new construction.
About 415 Sherman Canal
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 2,856 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 7% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 384 | 1,747 | 4% |
| Lot Size | 2,856 | 4,255.5 | 21% |
| Price | $2.10M | $2.43M | 35% |
| Price per sq ft | $5.5K | $1.3K | 98% |
| Built year | 1924 | 1947 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 370 | 165 | 98% |
Pricing History
Listed for Sale
Mar 1, 2025
$2,100,000
Initial Listing