Venice Property Management

Silicon Beach Soul. Coastal Scarcity.

Once the birthplace of LA's tech counterculture, Venice has evolved into one of the Westside's most supply-constrained rental markets. It is a 3.1-square-mile neighborhood hemmed by the Pacific, Marina del Rey, and Santa Monica, where 69% of residents rent and median home values exceed $1.9M.

Schofield Properties personally manages rental homes and apartment buildings in Venice, California. We handle tenant placement, rent collection, maintenance coordination, and owner financial reporting, with the same person overseeing your property from start to finish. We have managed the South Bay since 1972.

Venice rental market signals

• Market cycle: Stabilization
• Median rent: $2,825/mo
• Occupancy: 0% across Schofield-managed units vs 93.5% market
• Days to lease: 0 days vs 38 market average
• Tenant retention: 0% vs 61.2% market

Permanent coastal scarcity with a post-tech-boom recalibration

Venice is structurally supply-constrained in a way few Westside neighborhoods can match: at 3.1 square miles bordered by ocean, creek, and city, there is nowhere to build outward. Housing units actually declined between 2007 and 2022 even as property values soared, a dynamic that keeps the landlord-renter ratio durable. With 68% to 69% of occupied units renter-occupied and an average household income near $189,000, the renter pool is affluent, credentialed, and highly mobile. The Silicon Beach era left behind a permanently higher-income professional class who remained as residents even as large corporate footprints shrank, sustaining strong demand for quality long-term product.

Neighborhoods we manage in Venice

• Venice Canals Historic District — Six pedestrian-only canals with roughly 450 residences and no street access, where canal-facing homes trade at $2.8M to $6M or more and near-zero true vacancy means renters who land here stay. Average rent about $7,200/mo (+5.0%).
• Abbot Kinney / Rose Avenue Corridor — The mile-long retail and residential corridor where ground-floor dining and boutique shops anchor luxury flats above, attracting tech and creative tenants who pay top-of-market rents for walkability and neighborhood identity. Average rent about $3,800/mo (+3.2%).
• Oakwood — Venice's historically African-American neighborhood and one of the Westside's last pockets of relative affordability, with a dense mix of bungalows and small multifamily positioned between the canals and Lincoln. Average rent about $3,200/mo (+1.5%).
• Silver Triangle / Marina Peninsula — An R-1 zoned, owner-occupant-skewing pocket east of the canals bordering Marina del Rey, where renters pay a premium for suburban calm at a coastal address. Average rent about $2,700/mo (+2.0%).

What we are seeing on the ground

• Venice Dell coastal approval unlocks 117 affordable units — The California Coastal Commission approved the Venice Dell development permit in December 2024, a 117-unit, 100%-affordable project on a 2.65-acre city-owned lot near the canals with 68 supportive-housing beds. A July 2025 lawsuit signals construction is still delayed, leaving the near-term market-rate supply picture unchanged.
• Post-Snap office-to-residential conversion pressure — Snap's former Venice campus sold for $31M in October 2025, with buyers pivoting former office uses toward retail and residential. Google's Venice campus on West Main Street was also marketed for sale, freeing office square footage for adaptive reuse.
• Renter base remains affluent despite tech pullback — Average household income in Venice sits near $189,000, one of the highest of any majority-renter neighborhood in LA County. Even as Snap and Google reduced their Venice footprints, the professional class they attracted stayed, sustaining an unusually wide rent band from studios at roughly $2,000 to 3BRs clearing $8,500 or more.

Property types we manage

• Single Family Residences: 9 units under management, averaging $6,800/mo at 97.5% occupancy. Canal district and walk-street homes command the highest premiums.
• Small Multi-Family (2-8 units): 28 units under management, averaging $3,600/mo at 96.2% occupancy. Abbot Kinney and Rose Ave adjacency drives fastest lease-up.
• Large Multi-Family (9-18 units): 42 units under management, averaging $2,900/mo at 95.4% occupancy. Lincoln Blvd corridor repositioning, lowest basis, strong cash flow.

Nearby markets we also manage: Santa Monica property management, Marina del Rey property management, Culver City property management, Playa del Rey property management, West Los Angeles property management.

Book a call to talk about managing your Venice property, or run the free rental model to see what your unit should earn.

Frequently asked questions

Does Schofield Properties manage rental property in Venice?

Yes. Schofield Properties manages single family homes, multi family buildings, and apartments in Venice, California (90291), from our office in nearby El Segundo. We have managed the South Bay since 1972.

How much does property management cost in Venice?

Full Service management in Venice runs 8 to 10 percent of collected rent, with no setup fees and no markup on maintenance.

What does property management in Venice include?

Tenant placement, rent collection, maintenance coordination, lease renewals, and monthly owner reporting, all overseen personally by your dedicated Venice property manager.