526 Victoria Avenue, Los Angeles, CA 90291

$2,195,000
1
BD
1
BA
1,152
SqFt

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List Price
$2,195,000
Status
ACTIVE
MLS#
26871373
Year Built
1938
Bedrooms
1
Bathrooms
1
Living Sq. Ft
1,152
Lot Size
5,001
Acres
0.11
Days on Market
0
Property Type
Single Family Residential
Style
Bungalow
Property Sub Type
Single Family Residence
Stories
One Level

Property 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.

Additional Information

Appliances
Dishwasher, Refrigerator, Dryer, Washer
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
City Lights
Attached Structure
Detached

Listing courtesy of Listing Agent: Alex Baker (alex@pardeeproperties.com) from Listing Office: Pardee Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.