$1,200,000
NEW INFORMATION HERE: Hello, I'm 544546 Grand Blvd a 1947 Venice bungalow with a multifamily twist and the kind of charm that gets complimented at brunch. Classic exterior, confident interior, and just enough personality to keep things interesting. Think: "I'm adorable," but with income. Stats (because I know you're going to ask): Attached duplex-style bungalow with two units (2 x 1 bed / 1 bath) totaling 1,473 sq ft on a 4,500 sq ft lot. Detached 2-car garage. In-unit washer/dryer, because Venice laundry missions are not a lifestyle. Inside? Livable, functional, NOT fully updated (544 renovated in 2019; 546 not), and not "fresh off a design show." I'm the honest, slightly scruffy, wildly promising type with room to improve and upside to unlock. Location: Quiet, walkable Venice pocket near Abbot Kinney and Windward Circle. Close to The Butcher's Daughter, Great White, Erewhon, Venice Farmers Market, Costco, and caffeine lifelines like Blue Bottle, Intelligentsia, Levain. Beach, bike paths, parks? Yes. Sunshine? Included. Important notes (please read): Unit 546: Protected class tenancy. Occupants have been there 10+ years and one resident is age-protected. Buyers should understand this and consult their own attorneys to confirm implications/options. Unit 544: Tenant would like to stay; however, an owner-occupant may have the ability to move into 544 or pursue a buyout (subject to applicable laws and buyer due diligence). Consult your own attorneys to confirm. Transparent fine print: Owner is not aware of roof/foundation issues, but neither has been replaced or repaired during ownership. Tenants are on year-to-year leases. They have not expressed interest in moving out; strategy is on the buyer post-closing. Selling because owner wants to liquidate into other opportunities. Listed below prior purchase price timing and market conditions are creating opportunity. Pricing strategy: land value. Drive-by only at this stage. No interior showings until offer accepted (subject to inspection). Photos are honest and note unit 544 is 1 bedroom (not 2). Upside: ADU plans in motion: Owner is working with an architect on plans for an ADU above the garage, which may increase income. Buyers should factor this in and do their own due diligence. Seller terms / pricing update: Previously in multiple offers. Now first-come, first-served. Price increase reflects prior offer activity, demand, and ADU/architectural work underway. If you can recognize a rare Venice opportunity hiding in plain sight, this is your moment. Bring your vision, bring your offer, and come claim a duplex bungalow that's equal parts charm, location, and upside before someone else realizes what you just realized.
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Listed by Erik Brown with Compass (310) 230-5478
Property Type
Residential Income
Status
Active
MLS Number
26640701
Year Built
1947
Lot Size
4,500 sq ft