505 Venice Way
Venice, CA, 90291
$1,175,000
MLS: 26645987
Beds
2
Baths
1
Sq Ft
855
Lot
0.05 ac
Year Built
1954
MLS #
26645987
Days on Market
79
Listed
Feb 1, 2026
Description
Back on market, BUYER LOST THEIR JOB. NO TENANT, THEY MOVED. House closer to Venice Blvd. sold for $1,315,000. The sq. footage of the garage was added to the listing. Acutual is 779 sq. ft. This property is 855 sq. ft. - a 76 foot difference. Charming and cozy cottage just steps from the beach. The long term owner has maintained the house, over the years. This walker's paradise boasts a Walk Score of 94 and an exceptional Bike Score of 98, no car needed. Conveniently located near the public library, the Friday farmers' market, and the Abbot Kinney business district. Abbot Kinney Blvd was voted "the coolest block in America" by GQ Magazine.The area offers a vibrant mix of local and international boutiques and top-tier restaurants. Parking is available off the alley, plus great street parking when not a "beach day" The garage has been converted into a studio with a kitchenette and a bathroom.
Location
Venice, Los Angeles County, CA 90291
Open on Google Maps ↗Listed by: Donna Benton · Estate Properties
Payment estimate
$8,462
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $117,500 · Loan: $1,057,500
- Principal & Interest
- $6,497
- Property tax (1.25%)
- $1,224
- Homeowners insurance
- $300
- Mortgage insurance
- $441
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Venice home with as little as 3.5% down using an FHA loan — roughly $41,125 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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