408 Linnie Canal, Venice, California 90291, Venice, 90291 - bed, 1 bath
ACTIVE$1,995,000
408 Linnie Canal, Venice, California 90291
0Bed
1Bath
Sqft
5,698Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Situated in one of the most desired locations on the Venice Canals, diagonally across from a park, and a stone's throw from the beach and Abbot Kinney's renowned restaurants and shopping.
Top Cons:
Extremely Small Living Space: With only 436 square feet, the bungalow is exceptionally compact, limiting its functionality as a primary residence for many buyers and potentially narrowing the target market.
Compared to the nearby listings
Price:$2.00M vs avg $2.28M ($-287,500)32%
Size: sqft vs avg 1,818 sqft3%
Price/sqft:$0 vs avg $1.3K3%
More Insights
Built in 1924 (101 years old).
Condition: Despite being built in 1924, this 436 sq ft bungalow has been extensively and recently remodeled to a very high standard. The description explicitly states 'extensively remodeled' with a 'custom kitchen' and 'Italian floor tiles'. The images confirm a virtually new interior, featuring a modern, stylish bathroom with contemporary tiles, fixtures, and vanity. The main living area boasts new large-format tile flooring, recessed lighting, and a modern mini-split AC unit. All visible components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Year Built
1924
Close
-
List price
$2M
Original List price
$4.95M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25528839
Home ConditionExcellent
Features
Good View: Canal
ViewCanal
About this home
A rare opportunity in one of the most desired locations on the Canals, 408 Linnie Canal is primed to become your oasis in the city. This extensively remodeled 436 square foot bungalow is listed on Survey LA and offers charm, style, and flexibility. Complete with a custom kitchen, Italian floor tiles, hidden laundry hookup, sliding doors that create a seamless indoor/outdoor flow, and a grandfathered-in 8 foot setback from the property line, this structure could be utilized as cozy retreat, art studio, office, or part of a larger development. Whether you envision a beautiful garden, a pool, or an additional 2-3 story structure to maximize garage/living space square footage, 408 has the flexibility to turn your vision into reality. Diagonally across from the park, 408 Linnie Canal is a special retreat located just a stone's throw from the beach and the best of what Abbot Kinney restaurants and shopping have to offer!
Price History
Date
Event
Price
05/12/22
Sold
$5,650,000
12/20/21
Sold
$5,250,000
Condition Rating
Excellent
Despite being built in 1924, this 436 sq ft bungalow has been extensively and recently remodeled to a very high standard. The description explicitly states 'extensively remodeled' with a 'custom kitchen' and 'Italian floor tiles'. The images confirm a virtually new interior, featuring a modern, stylish bathroom with contemporary tiles, fixtures, and vanity. The main living area boasts new large-format tile flooring, recessed lighting, and a modern mini-split AC unit. All visible components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Exceptional Location: Situated in one of the most desired locations on the Venice Canals, diagonally across from a park, and a stone's throw from the beach and Abbot Kinney's renowned restaurants and shopping.
Significant Development Potential: The property offers substantial flexibility for future development, including the potential for an additional 2-3 story structure, a pool, or a garden, aided by a grandfathered-in 8-foot setback on a 5698 sq ft lot.
Extensively Remodeled & Charming: The existing 436 sq ft bungalow has been extensively remodeled with a custom kitchen, Italian floor tiles, hidden laundry hookup, and sliding doors for seamless indoor/outdoor flow, offering immediate charm and style.
Historic & Unique Appeal: Listed on Survey LA, the property possesses historical significance and unique character, appealing to buyers seeking a distinctive and culturally rich asset.
Desirable Canal Views: The property boasts direct views of the picturesque Venice Canals, enhancing its aesthetic appeal and providing a serene living environment.
Cons
Extremely Small Living Space: With only 436 square feet, the bungalow is exceptionally compact, limiting its functionality as a primary residence for many buyers and potentially narrowing the target market.
Significant Price Discrepancy: The current list price of $1.995M represents a substantial reduction from the original list price of $4.95M and previous sales in the $5M+ range, which may raise questions about valuation stability or market perception.
Limited Functionality as Standalone Home: Due to its small size and single bathroom, the property is more suited as a secondary dwelling, art studio, or office, requiring significant additional investment for expansion to serve as a full-scale family home.