602 Broadway Street, Venice, California 90291, Venice, 90291 - 1 bed, 3 bath

602 Broadway Street, Venice, California 90291 home-pic-0
ACTIVE$4,700,000
602 Broadway Street, Venice, California 90291
1Bed
3Baths
4,200Sqft
13,747Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Venice Location: Situated in the heart of Venice, just blocks from Abbot Kinney Boulevard and a 4-minute bike ride to the beach, offering unparalleled access to world-renowned amenities and the quintessential Southern California lifestyle.
Top Cons:
Extensive Renovation/Demolition Required: The 1927-built structure, originally a church, will require substantial investment for either adaptive reuse or demolition, as it is not configured for immediate residential or commercial use.

Compared to the nearby listings

Price:$4.70M vs avg $2.29M (+$2,409,500)94%
Size:4,200 sqft vs avg 1,831.5 sqft94%
Price/sqft:$1.1K vs avg $1.3K35%

More Insights

Built in 1927 (98 years old).
Condition: This property, originally a church built in 1927, is explicitly marketed as a 'development opportunity' with 'potential for adaptive reuse.' The description emphasizes the value of the land and its redevelopment potential, rather than the existing structure's livability. There are no interior images, and the exterior photos show an aged commercial/institutional building, not a residential home. While 'adaptive reuse' suggests the structure *could* be repurposed, its current condition as a residential property is unlivable, requiring complete demolition or an extensive, costly conversion. The listed 1 bed/3 baths is likely a nominal or placeholder designation, not indicative of functional residential spaces. The property's value is clearly based on the land.
Year Built
1927
Close
-
List price
$4.7M
Original List price
$5.2M
Price/Sqft
$1,119
HOA
-
Days on market
-
Sold On
-
MLS number
JT25153410
Home ConditionTear down
Features
View-

About this home

Exceptional Venice Development Opportunity – 602–606 Broadway Street Fathom Realty is proud to present a rare and exciting opportunity to acquire two contiguous parcels in the vibrant creative corridor of Venice Beach. Located at 602–606 Broadway Street, this offering includes a charming wood-frame church building and an adjacent parking lot, spanning a combined 13,747 square feet of flat, utility-connected land. The existing 4,550-square-foot structure, originally built in 1927, offers vintage character and potential for adaptive reuse. Rear alley access adds functional value and flexibility for future development. Zoned LARD 1.5, the property supports a variety of dynamic options—ranging from boutique housing and small-lot subdivisions to imaginative mixed-use or adaptive reuse projects. Set in the heart of Venice, this location is just blocks from the iconic Abbot Kinney Boulevard—home to world-renowned cafés, designer boutiques, acclaimed restaurants, and an eclectic mix of community events. The beach and boardwalk are only a 4-minute bike ride away, offering the quintessential Southern California lifestyle at your doorstep. This is an exceptional opportunity for developers, visionaries, or community-focused investors seeking to shape a new chapter in one of Los Angeles’ most iconic neighborhoods. For inquiries or representation, please contact us directly. Buyer to perform all due diligence.

Condition Rating
Tear down

This property, originally a church built in 1927, is explicitly marketed as a 'development opportunity' with 'potential for adaptive reuse.' The description emphasizes the value of the land and its redevelopment potential, rather than the existing structure's livability. There are no interior images, and the exterior photos show an aged commercial/institutional building, not a residential home. While 'adaptive reuse' suggests the structure *could* be repurposed, its current condition as a residential property is unlivable, requiring complete demolition or an extensive, costly conversion. The listed 1 bed/3 baths is likely a nominal or placeholder designation, not indicative of functional residential spaces. The property's value is clearly based on the land.
Pros & Cons

Pros

Prime Venice Location: Situated in the heart of Venice, just blocks from Abbot Kinney Boulevard and a 4-minute bike ride to the beach, offering unparalleled access to world-renowned amenities and the quintessential Southern California lifestyle.
Exceptional Development Opportunity: Zoned LARD 1.5, the property supports a wide range of dynamic options including boutique housing, small-lot subdivisions, mixed-use, or adaptive reuse projects, maximizing its development potential.
Significant Land Area & Configuration: Comprising two contiguous parcels totaling 13,747 square feet of flat, utility-connected land with valuable rear alley access, providing ample space and flexibility for substantial development.
Adaptive Reuse Potential: The existing 4,550-square-foot structure, built in 1927, offers unique vintage character and a solid foundation for creative adaptive reuse, adding a distinct appeal to future projects.
Recent Price Reduction: The property has seen a significant price reduction from $5.2 million to $4.7 million, potentially offering a more attractive entry point for developers and investors.

Cons

Extensive Renovation/Demolition Required: The 1927-built structure, originally a church, will require substantial investment for either adaptive reuse or demolition, as it is not configured for immediate residential or commercial use.
High Capital Investment: Beyond the significant purchase price, a substantial additional capital outlay will be necessary for planning, permits, and construction, limiting the pool of potential buyers to well-funded developers.
Buyer Due Diligence Complexity: The explicit requirement for the buyer to perform all due diligence suggests potential complexities related to zoning interpretations, environmental assessments, or structural evaluations that could incur additional costs and delays.

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