Listing Agent: Alex Baker      Broker/Office: Pardee Properties
526 Victoria Avenue Los Angeles CA 90291
$ 2,195,000
  1   |    1   |    1152 Sq Feet

Listing ID

#26871373

Status

Active

Property Type

Single Family Residence

Property Style

Bungalow

County

Los Angeles

Year Built

1938

Days on website

2

Description
Rarely does a property come to market that defies category. 526 Victoria is one of those properties. Set on a large 5,000 SF lot in the heart of Venice and blanketed by exceptionally rare LAM1, live/work zoning, this reimagined creative compound isn't simply a house for sale, it's a canvas for however you choose to use it. Live in it. Lease it. Reinvent it. Behind the gates, a fully remodeled residence anchors a compound built for a new way of living and working. Sunlight pours across modern finishes and thoughtful, inspired detailing throughout. Step outside and the property keeps unfolding: a private courtyard made for gathering around the fire pit, a vintage Airstream reborn as a stylish standalone meeting space, and a detached garage studio with real ADU upside. Each a distinct opportunity layered into one address. Multiple points of access and off-street parking off both the alley and street round out a level of flexibility almost never found this close to the sand. Just steps from Abbot Kinney Blvd and a short stroll to Venice Beach, 526 Victoria sits inside the gravitational pull of the design studios, restaurants, and galleries that make this pocket of Los Angeles one of the most sought-after and hardest to access creative neighborhoods in the country. Fully leased and cash-flowing today, with the house, garage/studio, and Airstream rented on a month-to-month basis, this is a property that performs now while holding the door open for tomorrow, whichever direction you take it. THREE WAYS TO OWN IT. THE OWNER-USER: Claim it as your own live/work sanctuary, a rare chance to plant a flag steps from Abbot Kinney, with space built to create, entertain, and unwind. THE INVESTOR, Step into a fully stabilized, income-producing asset with a built-in mix of residential and creative-office leases, turnkey cash flow today, with the long-term upside of coveted LAM1 zoning. THE DEVELOPER Oversized lot. Flexible LAM1 zoning. One of LA's most land-constrained submarkets. Few sites offer this combination of scale and optionality for a future redevelopment play.
Location
Financial Information
List Price:  $ 2195000
Property Features
Appliances:  Dishwasher, Dryer, Refrigerator, Washer
Flooring:  Wood
Furnished:  Unfurnished
Heating:  Central
Laundry Features:  Inside
Levels:  One
Parking Features:  Driveway, Garage
Senior Community YN:  false
Senior Community YN:  false
MLS Area Major:  C11 - Venice
City:  Los Angeles
Listed By:   Alex Baker   Pardee Properties 
Co-listed by
Tamra (Tami) Pardee  
CA Lic#