Venice Real Estate
Venice Beach is understood to include the beach, the promenade that runs parallel to the beach (“Ocean Front Walk” or just “the boardwalk”), Muscle Beach, the handball courts, the paddle tennis courts, the Skate Dancing plaza, the numerous beach volleyball courts, the bike trail and the businesses and residences that have their addresses on Ocean Front Walk.
Throughout the years, Venice Beach, California has been known to be a hub of artistic inspiration and creativity. The monthly Venice Art Crawl is a free journey through Venice Beach and its local artistry that is known throughout the world. Centered around the “pop-up” galleries, on the third Thursday of every month, Art Crawlers enjoy the works of both new and seasoned Venice artists as displayed by local residents and the businesses within the Venice Boardwalk area.
VENICE: THE PRIDE OF LA
Venice is a beautiful locality in the western portion of Los Angeles. It is a neighbourhood famous for its waterfront properties. Venice is not only residential but also commercial and recreational in nature. It is a much sought after address in Los Angeles.
BUILT AS VENICE OF AMERICA IN THE PAST
Venice was a city in its own right till 1926 when it was incorporated in Los Angeles. Tobacco magnate Abbot Kinney sought to develop Venice on the lines of Venice in Italy. He and his partner bought a huge piece of land and tried to develop it as a resort town. He dug miles of canals to drain the marshes so as to be able to build the residential area. Venice of America was declared open in 1905. Not only its population grew at a brisk pace but it also started to attract a large number of tourists from all parts of California.
Venice has Pacific Ocean on its west and it is bordered by neighbourhoods like Santa Monica, Mar Vista, Culver City, and Marina del Ray on its other sides. It also borders Bellona Creek on its south.
HIGH PROPERTY PRICES
Venice has an area of 3.17 square miles. It has a population of more than 41000 people with a high population density of 12000 people per square mile. Whites make up 64% of its population while other major ethnicities living in Venice are Latinos (22%), Blacks (5%), Asians (4%) and others (4%). Median household income in Venice is $67000. Property prices in Venice have been skyrocketing ever since technology companies like Google and Snap have started to acquire land here.
Cost of living in Venice is 40% higher than rest of Los Angeles with median property prices being close to $1.5 million. Median price of property per square feet in Venice is $1063 which is more than double of the price per square feet of property in rest of LA ($467).
There are several elementary schools in Venice looking after the educational requirements of the kids. Venice High School is interestingly situated in Mar Vista and the kids living in Venice go there to study in High School.
TOURIST HUB OF LA
Venice is a neighbourhood famous for its tourist attractions. Venice Beach is not only the most prominent landmark attracting millions of visitors but also a place where people enjoy walking on a promenade (referred to as Ocean Walk Front). Abbot Kinney Boulevard with its stores, bars, restaurants, and art galleries is a major source of attraction for the tourists.