If you’ve ever fantasized about living in a chic spot on the Venice Canals, and don’t mind a bit of messiness around you, there’s an interesting property available. Just a heads-up—it’s listed for nearly $2 million.
In a city where housing prices are still high despite some reports of decreasing rents, a renovated 436-square-foot bungalow recently hit the market for an eye-popping $1.95 million.
This property, located at 408 Linnie Canal, is marketed as ‘The Linney Bungalow’. It features a custom kitchen, Italian tile flooring, and sliding doors that open up to both indoor and outdoor living spaces.
Admittedly, though, that’s pretty much the extent of what the small space provides.
The bungalow sits on a lot of 2,849 square feet with an 8-foot setback. While the surroundings may currently appear underdeveloped, the listing includes enticing renderings envisioning possible upgrades like a hot tub, tennis court, swimming pool, or a fire pit. There’s even an option to tear down the existing structure and create a three-story residence.
Oliver Thornton, the listing agent, mentioned that the price reflects a mix of location, usability, lifestyle appeal, and future potential. He suggested that it stands out compared to smaller properties in the area, which often lack renovation or significant appeal.
“We think the pricing aligns well with recent sales trends in the Venice Canals and broader market, especially for smaller renovated places,” he added.
Because of the home’s limited space, fitting in large furniture may not be feasible. But on the plus side, selling your current furniture could help lighten the hefty projected monthly mortgage payment of $12,767.
This tiny home, originally built in 1924, has gone through a number of renovations over the years. It’s nestled within a densely populated canal area that’s known for its picturesque scenery, affluence, and boutique shops. Interestingly, it’s not far from a persistent encampment of homeless individuals.
Those with cash might enjoy easier access to quiet streets, the nearby Linney Canal Park, and the beach. Plus, they’ll be just a short detour from the cafés and boutiques along Abbot Kinney Boulevard.
The listing notes that the home has been upgraded with a design that fosters flexibility. It features an airy floor plan, a custom kitchen, Italian tiles, hidden laundry facilities, and spacious sliding doors, allowing for a fluid indoor-outdoor lifestyle.
Thornton pointed out that properties in higher price ranges often showcase better designs, improved outdoor spaces, and greater potential for redevelopment.
The listing reiterates the potential for further development, including combining with adjacent lots to create larger spaces.
Thornton emphasized that this opportunity is unique, as the property is nearing the final stages of permitting for a substantial new home design that could include wellness-focused rooftop amenities.
Despite ongoing efforts by the city to manage the homeless situations under Mayor Karen Bass’s Inside Safe initiative, local residents report ongoing frustrations with encampments returning, highlighting the complicated realities of living in such a high-demand area.
This small yet costly home serves as a prime example of just how high housing prices can get, even in less expansive properties along California’s renowned coast.
