Venice Homes Under $5,000,000

$4,000,000 to $5,000,000 Homes For Sale Venice, CA

Houses and Condos for sale under $5,000,000 in Venice, CA

Hot Homes Under $5,000,000

$4,999,000
4 Beds 5 Baths 26862377 MLS
Stunning modern home located in the heart of Venice! Close to everything Venice has to offer including Abbot Kinney and Rose ave shops, trendy restaurants, Venice beach boardwalk and Penmar golf course. Built in 2019, this recently constructed home features an open floor plan with 4 bedrooms, 5 bathrooms and over 4,400 square feet. This home is an entertainer's paradise with an oversized roof deck with panoramic views as well as an outdoor courtyard with soaking pool and Fleetwood style glass sliders for the perfect indoor/outdoor feel. The home features high ceilings and oversized windows that create an inviting ambiance with tons of natural light. Enjoy the spacious formal living room and family room perfect for entertaining. The designer chef's kitchen is equipped with Miele appliances, custom cabinets and a cascading marble island that overlooks the family room and backyard patio. Upstairs, the oversized master suite features a large walk-in closet and a spa-like bathroom with a freestanding soaking tub, dual vanity and glass shower. Additionally, there is a lounge area, laundry room and three additional ensuite bedrooms. Finally, the rooftop terrace offers a perfect spot to entertain guests or simply relax and enjoy the breathtaking views from the mountains to the ocean. With features such as a stunning floating staircase, numerous built-in smart home features, 2-car garage and driveway parking, this property is an exceptional find. Don't miss out on this Venice gem!

2319 Penmar Avenue, Venice

$4,550,000
5 Beds 5 Baths 26846023 MLS
Perched above the lush fairways and open green space of Penmar Park, Penmar Noir is a bold architectural statement that redefines modern luxury in the heart of Venice. Wrapped in a dramatic black exterior, this custom-designed five-bedroom, five-bathroom residence commands attention while offering a rare sense of sophistication. Every inch of the home has been meticulously crafted with bespoke finishes and uncompromising attention to detail. Expansive walls of glass flood the interiors with natural light and frame picturesque park views, while seamlessly connecting indoor and outdoor living spaces. The open-concept floor plan is anchored by a designer chef's kitchen featuring custom cabinetry, premium appliances, and handcrafted stone surfaces that blend functionality with refined elegance. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bathroom, oversized walk-in closet, and tranquil views overlooking Penmar's iconic greenery. Four additional bedrooms offer exceptional comfort and flexibility for family, guests, or work-from-home living. Outside, a resort-style courtyard awaits. A sparkling pool and curated outdoor entertaining spaces create the perfect setting for sun-soaked afternoons, al fresco dining, and unforgettable evenings under the stars. Mature landscaping enhances the sense of seclusion while complementing the home's striking contemporary architecture. Located moments from Venice's renowned beaches, Abbot Kinney, Rose Avenue, and some of the Westside's finest dining and shopping, Penmar Noir offers a rare opportunity to own a truly one-of-a-kind custom residence where architectural design, luxury craftsmanship, and an unparalleled location come together effortlessly.

1500 Louella Avenue, Venice

$4,995,000
7 Beds 7 Baths 26830703 MLS
Exceptional architectural wellness retreat in the heart of Venice just moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and the iconic Ocean Front Walk. This custom-built 7-bedroom, 5.5-bathroom residence blends refined architectural design with seamless indoor-outdoor living and resort-style amenities. Warm organic tones, curated natural materials, and expansive steel-framed doors and windows create a dramatic yet calming atmosphere filled with natural light throughout.The chef's kitchen is equipped with top-of-the-line Miele appliances, custom cabinetry, and an oversized center island designed for both everyday living and entertaining. Expansive living and dining spaces open to a private courtyard featuring a built-in BBQ, firepit, oversized Jacuzzi, and cold plunge, creating a rare private wellness experience at home.The primary suite offers a true retreat with a spa-inspired bathroom featuring a freestanding soaking tub, wet and dry sauna, walk-in closet, and private balcony. Additional en-suite bedrooms provide flexibility for guests, offices, or creative spaces. A dedicated media room adds to the home's thoughtful layout and functionality.The expansive rooftop deck captures panoramic views and offers the perfect setting for outdoor dining, lounging, or entertaining. Additional features include a gated three-car garage, premium finishes throughout, and a prime location near Venice's best dining, shopping, and beaches. A rare offering that combines architecture, wellness, privacy, and modern California living.

745 Sunset Avenue, Venice

$4,999,889
10 Beds 14 Baths 26829101 MLS
REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. SELLER may consider FINANCING for a qualified buyer with 20% down. (ALL UNITS EXCEPT EXCEPT UNIT 4 CAN. BE DELIVERED VACENT) PRICED TO SELL Rare opportunity to acquire a lender-owned luxury multi-unit property situated on an expansive, private corner lot along the iconic Venice Canals. Now offered with a massive price reduction, this exceptional coastal asset presents a compelling opportunity for investors, owner-users, and value-add buyers seeking a trophy property in one of Venice's most desirable waterfront locations.This substantially rebuilt newer-construction asset, built with high-quality materials and thoughtful architectural design, offers strong income potential and exceptional owner-user appeal. The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, and multiple expansive decks with direct canal exposure.The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to a canal-front yard for seamless indoor-outdoor living, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and a walk-in pantry.The private yard is ideal for entertaining. Upper levels offer dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. Delivered fully furnished and turnkey.The remaining four units are to a comparable standard and include two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each unit features central HVAC, in-unit laundry, fireplaces, travertine finishes, generous storage, and high-end appliances.The property offers a total of 10 parking spaces, including a 3-car garage for the main residence and seven additional spaces. Panoramic views include the Venice Canals.Ideally located just two blocks from the beach and moments from premier dining, retail, and entertainment.Suitable for both investors seeking a high-quality income-producing asset and owner-users desiring a flagship coastal residence with supplemental income. Exceptional value-add and repositioning potential in a highly sought-after waterfront location. Lender-owned REO property. Listing Agent holds a partial ownership interest in the entity that owns the property. Information provided is deemed reliable but not guaranteed. Buyer to independently verify all aspects of the property, including square footage, permits, zoning, financials, and any potential use, including short-term rental eligibility. Property is sold in its present condition. Seller and Broker make no warranties or representations.

3005 Grand Canal, Venice

$4,150,000
4 Beds 3 Baths 26827211 MLS
Designed by Payson Denney Architects, this modern craftsman sanctuary sits on one of Venice's most coveted addresses the 800 block Walk Street. And not just anywhere on the block. 821 Amoroso sits right in the middle. Arrive to a front porch framed by the lush, layered gardens of renowned Venice landscape designer Jay Griffith. Featuring electric porch heaters, a gas garden fireplace, and outdoor dining table make this a true outdoor room. Inside, high ceilings and a living room fireplace set the tone. Glass panel doors slide open to the front garden, letting the coastal air in and nature feel close perfect for Sunday morning neighbor hellos or an easy flow between indoors and out. The gourmet kitchen is serious: Viking double-oven range, stainless appliances, center island, breakfast nook, double dishwashers, and two wine refrigerators. Off the kitchen, a cozy den opens to a private back garden with electric heaters, a redwood hot tub, and outdoor shower rinse off after a surf session, then stay for the party. A powder room and laundry room round out the main level.Upstairs, the primary retreat is its own world. A steam shower and soaking tub, custom walk-in closet, and a Romeo and Juliet balcony made for early morning coffee or a late afternoon with a book. Three more bedrooms, an additional bathroom, and a private office complete the upper level.Also included are, solar panels, electric car hook up, and a California basement make this special Venice retreat Move-in ready. Stroll to Abbot Kinney. Feel the sand. the Venice Walk Streets vibrant, soulful, irreplaceable.

821 Amoroso Place, Venice

$4,995,000
20 Beds 17 Baths 26818379 MLS
2001 Penmar Avenue is a turnkey 14-unit multifamily asset located on a quiet, tree-lined corner in the heart of Venice one of the most desirable and dynamic rental markets in Los Angeles. Situated at the intersection of Penmar and Superba Avenue, this pride of-ownership building features an exceptional unit mix, luxury renovations, newly constructed ADUs, and strong in-place income with significant rental upside. The property is nestled on a peaceful residential corner, yet moments from Abbot Kinney Boulevard, Rose Avenue, Venice Beach, and Santa Monica. There is an excellent unit mix with a diverse mix of bright and spacious studio, 1-bedroom, and 2-bedroom units, many with large private patios. 10 of 14 units have been fully renovated with high-end finishes. Features include new flooring, designer kitchens and bathrooms, custom cabinetry, split A/C systems, and in-unit washer/dryers in select units. In addition, three brand-new ADUs (Accessory Dwelling Units) two attached and one detached offer modern layouts and strong rent potential. There is still considerable rental upside as many units remain significantly below market rents, offering near-term income growth. Venice is one of the most culturally iconic and forward-looking communities in California. Known for its vibrant arts scene, tech adjacent economy ("Silicon Beach"), and beach lifestyle, Venice consistently ranks among the highest-demand rental submarkets in the region. Santa Monica, just minutes away, is a world-class coastal city renowned for its pristine beaches, upscale shopping, booming business district, and institutions like Santa Monica College and Providence Saint John's Health Center. Its proximity to the property enhances long-term value and draws a broad tenant base. 2001 Penmar Avenue offers investors the rare chance to acquire a beautifully upgraded, income-producing asset in one of the tightest supply zones in Los Angeles. With completed capital improvements, new construction ADUs, and clear rental upside in a high-demand submarket, this asset is perfectly positioned for stable cash flow and long-term appreciation. **** LOAN MUST BE ASSUMED, INQUIRE FOR DETAILS *****

2001 Penmar Avenue, Venice

$4,795,000
5 Beds 6 Baths 26759281 MLS
Set on one of Venice's most desirable, tree-lined streets is a private, tech-forward home that blends elevated design with the warmth and functionality of an exceptional family home. Just moments from Abbot Kinney's best restaurants, boutiques, and cafes, and only minutes from the beach, the property offers a rare combination of refined living, everyday ease, and one of the most coveted locations on the Westside. Walk in to see a beautiful front deck surrounded by mature, lush landscaping, and the home immediately feels like a private retreat. Beyond the glass front door, the entry unfolds into a dramatic volume with soaring ceilings and an airy sense of scale that sets the tone for the rest of the home. The main level is designed for effortless daily living and easy entertaining, with the kitchen, dining room, living room, and one bedroom all thoughtfully situated downstairs. A full bath and powder room on this level add flexibility for guests and family, while the living spaces connect beautifully to the outdoors. Just off the living room, the deck and pool create a true indoor-outdoor lifestyle, offering an ideal setting for family time, relaxed weekends, and large-scale hosting. Upstairs, the layout continues to work beautifully for family living, with the primary suite and two additional bedrooms all on the second level. The rooftop deck is also accessed from this floor, adding another layer of livability and an elevated outdoor space for lounging, entertaining, or enjoying the Venice air. Back downstairs and across from the pool, the property continues with a full two-car garage and a separate permitted recreation room above, offering tremendous flexibility. Ideal for hosting guests, a media lounge, a home office, a gym, or a creative space, it adds a valuable extension to the home's already generous footprint and family-friendly design. Throughout, the home is distinguished by warm modern materials, beautifully scaled interiors, and a seamless connection between indoor and outdoor spaces. Sophisticated yet comfortable, and enhanced by smart home technology, this is a rare Venice offering that captures luxury, design, and the kind of thoughtful layout that truly supports the way a family lives.

832 Milwood Avenue, Venice

$4,490,000
4 Beds 5 Baths 26650039 MLS
Meet the ever-enchanting Loren. Located at 838 California Avenue, this bold, light-filled architectural residence in the heart of Venice is an iconic expression of contemporary design and coastal sophistication. Celebrated across major design publications, Loren is one of the acclaimed Glass Ladies -- a trio of sculptural homes conceived by renowned designer Alon Zakoot and revered for their striking geometry and refined livability. Inside, a rare display of bold design and exceptional craftsmanship unfolds across a thoughtfully composed main level positioned around a central, open-air courtyard with a saltwater pool. A dramatic double-height foyer with a sculptural chandelier sets the tone, leading into the poolside living room anchored by an electrical fireplace. On the opposite side of the courtyard lounge is the designer-crafted kitchen, a culinary showpiece featuring European lacquer cabinetry, Calacatta stone countertops, premium appliances including a double-oven range, built-in espresso station, and temperature-controlled wine storage. The adjacent dining room, lined by floor-to-ceiling glass doors to the courtyard, invites gatherings both intimate and grand. Smart home tech, including home automation and integrated surround sound, enhances both everyday comfort and elevated entertaining. Ascend the floating staircase to discover a sun-soaked family room and the grand primary retreat. A sanctuary of relaxation, the primary suite boasts designer finishes, a private balcony with gas fireplace, generous closet space, and a spa-inspired bath complete with jetted soaking tub, glass-enclosed tile shower, and dual vanities. Additional secondary bedroom suites are each exquisitely appointed and include a junior primary suite with its own private, open-air patio. On the lower entertainment level, a spacious media lounge awaits with a built-in bar and ample space to relax or entertain. Crowning the residence is an expansive rooftop deck with sweeping 360-degree views of swaying palms, majestic mountains, and the sparkling cityscape. A built-in outdoor kitchen and firepit lounge create a destination for alfresco dining and relaxing in the California sunshine. Supremely positioned just moments from the beach and vibrant Abbot Kinney Boulevard, the home is surrounded by world-class dining, shopping, and laidback beach culture, representing Westside living at its most inspired.

838 California Avenue, Venice

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