If the exclusive enclave of Venice Canals is your dream neighborhood, and you don’t mind living in a tiny home surrounded by untapped potential (it’s dirt) — then this is the LA listing for you.
In a city where housing costs remain sky-high even amid reports of declining rents, a 436-square-foot renovated bungalow on one of Los Angeles’ most iconic waterways just listed on May 1 for the cool price of $1.95 million.
The property at 408 Linnie Canal in Venice is being marketed as “The Linnie Bungalow” — a pied-à-terre with a custom kitchen, Italian tile flooring, and sliding doors that open to indoor-outdoor living.
While the grounds surrounding the bungalow remain a blank canvas, the listing offers imaginative renderings to showcase the potential upgrades including a hot tub, tennis court, swimming pool, fire pit — or the option to tear down the refreshed tiny home and rebuild as a three-story palace.
Listing agent Oliver Thornton told The California Post: “The pricing for 408 Linnie Canal is being driven by a combination of location, usability, lifestyle appeal, and future upside potential. Unlike many smaller Venice properties that trade purely as cottages or constrained duplex product, 408 is a thoughtfully renovated bungalow positioned on one of the most desirable stretches within the Venice Canals.
“We believe the pricing aligns competitively with recent sales trends throughout the Venice Canals and surrounding Venice market,” he added, “particularly for smaller lots, renovated bungalow/casita product, and properties with redevelopment or lifestyle upside potential.”
Due to the home’s teeny-tiny footprint, you likely won’t be able to bring your king-size bed or your sprawling lounge suite. But on the bright side, having to sell off your furniture will help with the projected $12,767-per-month mortgage payments.
Originally built on in 1924 and updated over the years, the mini home sits on a 2,849 square foot lot with a grandfathered 8-foot setback that adds a bit of breathing room in the tightly packed canals enclave, famed for its beachy backdrop, stunning wealth, boutique shopping — and not too far from the persistent Whac-A-Mole homeless encampments.
Buyers with cash to flash get prime access to the tranquil tree-lined walkways, nearby handkerchief-sized Linnie Canal Park, and the beach, plus proximity to Abbot Kinney Boulevard’s shops and restaurants.
The listing notes that “this charming residence offers a rare blend of design, flexibility, and future potential in the heart of Venice,” continuing: “Upon entry, you are welcomed into an open and airy floor plan that has been meticulously upgraded with a custom designed kitchen, Italian tile flooring, concealed laundry, and expansive sliding doors on both sides of the home, creating a seamless indoor outdoor living experience.”
“Properties on the higher end of the range tend to feature stronger design, superior outdoor environments, premium positioning, redevelopment flexibility, or enhanced long-term upside,” Thornton told The Post.
The listing further highlights the possible development upside: The potential to expand or combine with adjacent parcels for a larger compound.
Thornton believes this would be “very realistic, and this is one of the more unique aspects of the opportunity,” adding that the property is currently in the final stages of permitting for an approximately 3,600 square foot architectural contemporary residence with “rooftop deck, spa, and wellness-oriented rooftop potential including sauna, cold plunge, lounge areas, and additional entertaining space.”
The plans are expected to be ready-to-issue in approximately 30 days.
Despite repeated city cleanups under Mayor Karen Bass’ Inside Safe program, wealthy Venice residents continue to report homeless encampments and RVs returning, with locals expressing frustration over the ongoing cycle.
In a market where location and flashy wealth reigns supreme, this tiny box surrounded by dirt (and prime Venice real estate) is the latest example of just how expensive even the smallest slice of coastal Golden State living can be.
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