Own a building here? Venice multifamily broker — Michael Sterman’s closing record, comparables and process →
Venice is a coastal neighborhood internationally recognized for the Venice Boardwalk, canal system, Abbot Kinney commercial corridor, and tech employment concentration. Among the most supply-constrained submarkets in coastal LA.
Three point one square miles on the coast, bounded by the Santa Monica city line on the northwest, with a northern apex at Walgrove and Rose, an eastern edge running south along Walgrove to Zanja Street and taking in Penmar Golf Course, then along Lincoln Boulevard to Admiralty Way and south to Ballona Creek. The Santa Monica line matters for the usual reason — Santa Monica is a separate city with its own rent control — but in Venice it is not the boundary that governs. The coastal zone line is.
A City of Los Angeles neighborhood, not a separate city, and Los Angeles rent stabilization applies to buildings whose certificate of occupancy predates 1 October 1978. One demographic fact deserves an owner's attention: the population has been falling. The 2000 census recorded 37,705 residents and a 2008 estimate put it at 40,885; by 2023 the figure was 30,537. A neighborhood losing a quarter of its residents in fifteen years while remaining among the most expensive in the city is telling you something about what has happened to its housing.
About 40,000 residents — a distinctive mix of surf and beach culture, creative-industries workers, tech employees drawn by Snap and Google/Meta proximity, an artistic community rooted in the 1960s-70s counterculture, longstanding African-American community (particularly in Oakwood), and unhoused residents concentrated along the boardwalk and Lincoln Boulevard.
Small buildings on some of the most expensive residential land in Los Angeles County. The properties in this record run in the single digits of units, and the per-door figures on the closings page sit at the top end of everything published on this site. What distinguishes Venice from the other high-per-door submarkets here is not price, it is optionality: elsewhere a small building on expensive land carries redevelopment value that a buyer will pay for. In the coastal zone that value is contingent on a permitting process a buyer cannot control, and any underwriting that assumes otherwise is underwriting a hope.
Venice has the most mixed building stock of any submarket in this record: small pre-war bungalow courts and walk-ups, canal-side houses, post-war infill, and contemporary architect-designed work standing next to all of it. Frank Gehry's Binoculars Building, with the Claes Oldenburg sculpture, is the best-known example of the last. For an apartment owner the mix is a complication rather than a charm: two buildings a block apart can differ in age, in rent-stabilization status, in coastal-permit exposure and in historic-district position all at once.
| Building | Year | Why it matters |
|---|---|---|
| Venice Post Office | 1939 | A New Deal building, with murals by Edward Biberman added in 1941. |
| Binoculars Building | Designed by Frank Gehry, with the giant binoculars sculpture by Claes Oldenburg and Coosje van Bruggen. | |
| Eames Office | 1943 | Charles and Ray Eames worked from the former Bay Cities Garage on what is now Abbot Kinney Boulevard. |
| Venice Fishing Pier | 1964 | A concrete pier 1,310 feet long. |
This is the section to read first for Venice, because it is the one that constrains what an owner can do. Venice lies inside the California Coastal Zone, and the Venice Coastal Zone Specific Plan governs it: no demolition permit, grading permit, building permit or certificate of occupancy is issued for a Venice Coastal Development Project unless it has received a Specific Plan Exemption, a Planning Director signature on the Building Permit Application Clearance Summary Worksheet, or review and approval under the Specific Plan Procedures and the Coastal Development Provisions. On top of that sits the Mello Act, California Government Code section 65590, under which the conversion or demolition of existing residential units occupied by low or moderate income households is not permitted unless replacement units are provided, with no net loss of affordable housing in the Venice community. The practical consequence for a seller is direct: in most of this site's submarkets, redevelopment potential is a matter of zoning and economics. In Venice it is a matter of permission, and permission is not assured. Price it accordingly, and establish the position early rather than in escrow. The Venice Canal Historic District adds a further layer over the canal blocks. Venice is the strictest case in this record, but not the only one where the rules change with the jurisdiction — see which city actually governs your building.
Snap Inc. has a major Venice presence. Google and Meta have nearby Playa Vista campuses that draw Venice-resident employees. Abbot Kinney Boulevard is one of LA's premier boutique retail and restaurant corridors. Tourism economy along the boardwalk.
No Metro rail within the neighborhood (though Expo Line Santa Monica is adjacent). Primary access via Lincoln Boulevard, Washington Boulevard, and the 405 Freeway. The Venice beach bike path is a major local transit asset.
No rail station lies inside Venice. Access is by Lincoln Boulevard and the surface grid, with the nearest rail on the Metro E Line to the north and east. In practice the tenant draw here has never been a commute — it is the beach, the boardwalk and the walkable commercial streets, which is a durable draw and one no transit project can add to or take away.
LAUSD schools including Westminster Avenue Elementary and Venice High School. Nearby private options include Marlborough and Crossroads.
LAUSD elementary schools serving the area include Broadway, Westminster Avenue and Coeur d'Alene Avenue. Venice High School carries the name but sits outside the neighborhood's boundaries, which is a recurring source of confusion for buyers researching schools. Also in the area are Animo Venice Charter High School, Westside Leadership Magnet, St. Mark's Catholic School and the Venice Skills Center.
Venice Beach and Boardwalk, Venice Canals (1905), Muscle Beach, Abbot Kinney Boulevard, Venice Pier, Windward Avenue colonnade.
Venice Beach and the Venice Boardwalk, the Venice Canals (1905, historic district), Muscle Beach, Venice Pier, Oakwood Recreation Center, Penmar Recreation Center, the Marvin Braude Bike Trail along the coast.
| Park | What is there |
|---|---|
| Venice Beach Recreation Center | Beachfront courts for basketball, volleyball, handball and paddle tennis. |
| Venice Beach Skate Park | Opened March 2009 at a cost of $2 million. |
| Oakwood Recreation Center | Inland recreation facility serving the Oakwood area. |
| Penmar Golf Course | Public course on the neighborhood's eastern edge. |
Abbot Kinney Boulevard is internationally recognized as one of LA's premier boutique retail and dining corridors. Rose Avenue and Washington Boulevard have independent restaurants and bars. The Venice Boardwalk concentrates tourist-oriented food and retail.
| Institution | Since | Detail |
|---|---|---|
| Venice Canal Historic District | The surviving canals from Abbot Kinney's original plan, and a historic district in their own right — an additional layer of review over the blocks it covers. | |
| Venice Beach Recreation Center | Basketball, volleyball, handball and paddle tennis courts along the beachfront, alongside Muscle Beach. |
Venice Art Walk (long-running neighborhood art event). First Fridays on Abbot Kinney. Venice Beach-based street-performance culture runs year-round along the Boardwalk.
Abbot Kinney (founder, 1905) envisioned Venice as 'Venice of America.' The neighborhood's 1960s-70s counterculture moment is canonized in the work of The Doors, Jim Morrison, and other musicians who lived and worked in Venice during that era.
Represented by the Venice Neighborhood Council, which advises the Los Angeles City Council on local matters.
Founded 1905 by Abbot Kinney as a Venice-of-America resort. Annexed to LA City in 1926. Declined mid-century, became a countercultural hub in the 1960s-70s, and entered a sustained gentrification cycle from the 1990s forward. The tech boom starting around 2012 reshaped the commercial economy.
| Year | What happened |
|---|---|
| 1905 | Abbot Kinney founds Venice of America on 4 July, as a seaside resort town fourteen miles west of Los Angeles. |
| 1910 | The population is 3,119. |
| 1925 | A consolidation vote in November carries; Venice merges with Los Angeles in 1926. |
| 1939 | The Venice Post Office is built as a New Deal project. Edward Biberman's murals follow in 1941. |
| 1943 | The Eames Office takes over the former Bay Cities Garage on what is now Abbot Kinney Boulevard. |
| 1964 | The Venice Fishing Pier opens — a concrete structure 1,310 feet long. |
| 2009 | The Venice Beach Skate Park opens in March, built at a cost of $2 million. |
These are the 26 Los Angeles submarkets where the group has closed the most buildings, on our own record rather than a published index. The spread is the reason a citywide per-unit figure is close to useless for pricing a specific building.
| Submarket | Buildings | Units | Median per unit | Size range |
|---|---|---|---|---|
| Hollywood | 24 | 562 | $282,589 | 3–75 |
| Koreatown | 21 | 465 | $158,958 | 4–96 |
| West Hollywood | 21 | 206 | $354,286 | 2–22 |
| Sherman Oaks | 17 | 349 | $237,708 | 6–47 |
| Palms | 13 | 337 | $296,875 | 7–118 |
| Glendale | 12 | 224 | $258,854 | 5–92 |
| Van Nuys | 12 | 380 | $171,801 | 4–68 |
| North Hollywood | 11 | 191 | $271,429 | 5–46 |
| Santa Monica | 8 | 100 | $616,667 | 3–27 |
| Reseda | 8 | 506 | $156,639 | 10–138 |
| West Los Angeles | 6 | 62 | $575,000 | 7–16 |
| Hancock Park | 6 | 129 | $230,519 | 7–35 |
| Los Feliz | 5 | 123 | $225,000 | 6–48 |
| Panorama City | 5 | 178 | $135,849 | 22–53 |
| Fairfax | 5 | 31 | $425,000 | 3–13 |
| Burbank | 4 | 47 | $298,917 | 10–15 |
| Toluca Lake | 4 | 84 | $337,625 | 5–40 |
| Mid-City | 4 | 26 | $256,458 | 6–8 |
| Valley Village | 4 | 81 | $263,472 | 9–34 |
| Pacoima | 4 | 282 | $153,691 | 52–100 |
| Silverlake | 3 | 38 | $243,333 | 10–16 |
| Venice | 3 | 30 | $425,000 | 3–17 |
| Mar Vista | 3 | 21 | $354,167 | 5–10 |
| Studio City | 3 | 51 | $322,857 | 5–39 |
| Tarzana | 3 | 266 | $229,661 | 30–118 |
| Winnetka | 3 | 90 | $250,000 | 12–52 |
The place facts on this page — founding dates, acreages, opening years, boundaries — were checked against these sources on 2026-09-09. The closing figures are computed from the group’s own transaction archive. Where two sources disagreed on a number, the claim is stated only to the level both support.
Three point one square miles on the coast, bounded by the Santa Monica city line on the northwest, with a northern apex at Walgrove and Rose, an eastern edge running south along Walgrove to Zanja Street and taking in Penmar Golf Course, then along Lincoln Boulevard to Admiralty Way and south to Ballona Creek. The Santa Monica line matters for the usual reason — Santa Monica is a separate city with its own rent control — but in Venice it is not the boundary that governs. The coastal zone line is.
A City of Los Angeles neighborhood, not a separate city, and Los Angeles rent stabilization applies to buildings whose certificate of occupancy predates 1 October 1978. One demographic fact deserves an owner's attention: the population has been falling.
Venice has the most mixed building stock of any submarket in this record: small pre-war bungalow courts and walk-ups, canal-side houses, post-war infill, and contemporary architect-designed work standing next to all of it. Frank Gehry's Binoculars Building, with the Claes Oldenburg sculpture, is the best-known example of the last. For an apartment owner the mix is a complication rather than a charm: two buildings a block apart can differ in age, in rent-stabilization status, in coastal-permit exposure and in historic-district position all at once.
This is the section to read first for Venice, because it is the one that constrains what an owner can do. Venice lies inside the California Coastal Zone, and the Venice Coastal Zone Specific Plan governs it: no demolition permit, grading permit, building permit or certificate of occupancy is issued for a Venice Coastal Development Project unless it has received a Specific Plan Exemption, a Planning Director signature on the Building Permit Application Clearance Summary Worksheet, or review and approval under the Specific Plan Procedures and the Coastal Development Provisions.
Venice pricing is about irreplaceability. You cannot build more Venice. Small multifamily — duplexes, triplexes, fourplexes — dominates the inventory and attracts a unique buyer pool that includes high-net-worth individuals buying for personal reasons as much as for yield.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →