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404 Venice Way, Venice, CA, 90291

2beds
2baths
1,473sqft
$1,950,000
$1,324price/sqft
$11,566/moest. monthly cost
$462,640/yrincome needed

About This Home

Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.

Getting Around

95
WalkingWalker's Paradise
0
TransitVery Limited Transit
99
BikeBiker's Paradise

Construction

Condition

  • Property condition: Value Mainly In Land,No Additions/Alter
  • Year built: 1947

Type & Style

  • Home type: MultiFamily
  • Architectural style: Cottage
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Free Standing Gas
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Gravity,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,473
  • Total interior livable area: 1,473 sqft

Property

Details

  • Parcel number: 4238020019
  • Zoning: LARD1.5
  • Special condition: Standard
  • Other equipment: None

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 4,795 sqft
  • Features: Near Public Transit,Corner Lot

Parking

  • Total spaces: 2
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,860$118,320
Home Insurance *$220$2,640
Property Taxes $1,088$13,056
Electricity $398$4,786
Total$11,566$138,792
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$396,548/yr
40% on housing$346,980/yr
45% on housing$308,426/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,324This listing

vs Other Active Listings

Avg $/sqft

ZIP 90291$1,097
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 90291$1,334
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-11Listed for sale$1,950,000
2020-07-13Listing removed$2,995
2020-07-08Listed for rent$2,995

For Sale by Agent

AgentRobert Romero
BrokerageNew South Bay Realty

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