427 Sherman Canal, Venice, California 90291, Venice, 90291 - 2 bed, 2 bath
427 Sherman Canal
Venice, California 90291
Property Price
SUMMARY
Analysis of 427 Sherman Canal, Venice, California 90291 reveals a property with a current list price of $2,095,000, which is 6% above the estimated $1,972,463 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 Sherman Canal Subject | $2,095,000* List Price | 2 | 2 | 1,025 | $1,924 | - |
A 2403 Ocean Avenue Sold | $1,500,000 | 2 | 2 | 808 | $1,856 | 0.1 mi |
B 30 24th Avenue Sold | $1,917,040 | 2 | 1 | 0.2 mi | ||
C 15 29th Avenue Active Under Contract | $1,900,000 List Price | 2 | 2 | 1,098 | $1,730 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1949, this property is described as a 'vintage house' in 'vintage condition' with 'limited modern interior finishes.' While clean and functional, the kitchen features basic white cabinets, wood countertops, and a mix of black and stainless steel appliances, indicating a refresh rather than a high-end renovation. The bathrooms have dated small white square tiles and simple vanities. The dark grey painted wood floors are a cosmetic update but not a luxury finish. The presence of a radiator suggests an older heating system. The home is aged but maintained, and functional, but shows clear signs of being outdated and would require substantial updates to meet modern standards, aligning with the 'fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Coveted Venice Canals Location
Situated in the highly desirable Venice Canals, offering a unique blend of serene community living and vibrant city access, a truly rare find.
- Significant Development Potential
Positioned amidst $4-5 million updated homes, this property presents a substantial future opportunity for redevelopment or significant value appreciation.
- Rare Private Yard & Outdoor Living
Features a genuine, tranquil yard with mature landscaping, a rarity in the canals, perfect for low-maintenance indoor-outdoor living and entertaining.
CONSRISKS & DEFICIENCIES
- Vintage Condition & Potential Updates
Built in 1949, the property retains its vintage character, which may necessitate updates to systems, finishes, and amenities to meet modern luxury standards.
- Modest Square Footage for Price
With 1025 sqft, the interior living space is relatively modest, which could be a consideration for buyers seeking larger accommodations at this price point.
- Limited Modern Interior Finishes
While functional, the interior finishes, particularly in the kitchen, are not described as high-end or recently renovated to the luxury standards often found in comparable properties in the area.
About 427 Sherman Canal
Welcome to the coveted Venice Canals, developed in 1905 by the visionary Abbot Kinney. This unique community offers a rare sense of serenity amidst the vibrant energy of Venice. 427 Sherman Canal presents a charming opportunity to live this lifestyle in a quaint, south-facing two-story vintage house, with a classic exterior staircase. The kitchen features natural wood countertops, a stainless steel double sink, and crisp white cabinets. An abundance of windows take full advantage of the southern light exposure while also framing views of the genuine yard, a rare find in the canals. The mature California Juniper tree at the yard's edge shades outdoor lounging and seating, creating a unique and balanced setting for a low-maintenance, indoor-outdoor canal lifestyle. This is a rare property that prioritizes a tranquil yard over a maxed-out lot. It's surrounded by new and updated $4-$5m homes, with a future opportunity for development. We'd love to show it to you.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 2,850 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,025 | 1,747 | 14% |
| Lot Size | 2,850 | 4,255.5 | 20% |
| Price | $2.10M | $2.43M | 33% |
| Price per sq ft | $2.0K | $1.3K | 93% |
| Built year | 1949 | 1947 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 162 | 31% |
Pricing History
Listed for Sale
Oct 30, 2025
$2,095,000
Initial Listing
Sold
Jan 27, 2005
$1,350,000
Public Record
Sold
Jul 10, 2001
$727,500
Public Record
Sold
Jun 13, 2000
$585,000
Public Record