544 Sunset Avenue, Venice, California 90291, Venice, 90291 - 5 bed, 5 bath

544 Sunset Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,500,000
544 Sunset Avenue, Venice, California 90291
5Beds
5Baths
4,823Sqft
4,800Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Venice Location: Situated in a highly coveted Venice neighborhood, just one block from the vibrant Rose corridor and a stone's throw from Abbot Kinney, offering unparalleled access to shops, restaurants, and local attractions.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4800, living area = 4823.

Compared to the nearby listings

Price:$2.50M vs avg $2.29M (+$209,500)63%
Size:4,823 sqft vs avg 1,831.5 sqft95%
Price/sqft:$518 vs avg $1.3K3%

More Insights

Condition: The listing explicitly states that the 'current structure on property is a 2 bed, 1 bath teardown' and that it 'requires complete demolition before new construction can begin.' The aerial image confirms an old, neglected structure, consistent with a property whose value is primarily in the land and approved development plans for a new build.
Year Built
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
25524511
Home ConditionTear down
Features
Good View: City Lights, Pool
Pool
Patio
ViewCity Lights,Pool

About this home

Gorgeous plans calling for the construction of a modern masterpiece of architectural achievement! Calling for the construction of just under 4,900 square-feet of flexible living space, this 5 bed, 5 bath single-family modern residence is ready to build on a great lot in this coveted neighborhood of Venice. Just one block off the Rose corridor with its abundant cool shops and great restaurants, while just a stone's throw from Abbot Kinney and just down the street from Gjusta. The approved plans call for a contemporary 3 story house surrounded by beautiful garden spaces, a permitted pool, two large rooftop terraces and an attached 2-car garage. The smart floor plan allows this property to transform into an elegant compound encompassing three nearly autonomous living spaces (if preferred), also catering to co-living or short-term rentals. Current structure on property is a 2 bed, 1 bath teardown and easy to show. Approved Architectural Plans available upon request.

Price History

Date
Event
Price
07/17/15
Sold
$1,315,000
Condition Rating
Tear down

The listing explicitly states that the 'current structure on property is a 2 bed, 1 bath teardown' and that it 'requires complete demolition before new construction can begin.' The aerial image confirms an old, neglected structure, consistent with a property whose value is primarily in the land and approved development plans for a new build.
Pros & Cons

Pros

Prime Venice Location: Situated in a highly coveted Venice neighborhood, just one block from the vibrant Rose corridor and a stone's throw from Abbot Kinney, offering unparalleled access to shops, restaurants, and local attractions.
Approved Architectural Plans: Comes with approved plans for a nearly 4,900 sqft, 5-bed, 5-bath modern residence, significantly reducing development time and risk for the buyer.
High-End Development Potential: The plans detail a contemporary 3-story house with beautiful garden spaces, a permitted pool, two large rooftop terraces, and an attached 2-car garage, promising a luxurious finished product.
Flexible Living & Income Options: The smart floor plan allows for transformation into three nearly autonomous living spaces, catering to co-living, short-term rentals, or multi-generational living arrangements.
Investment Opportunity: Represents a unique opportunity to build a custom, high-value architectural masterpiece in a prime, high-demand market, offering strong potential for appreciation.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4800, living area = 4823.
Teardown Condition: The current structure is a 2-bed, 1-bath teardown, meaning the property is not habitable and requires complete demolition before new construction can begin.
Significant Additional Investment: The listed price is for the land and approved plans; the buyer must be prepared for substantial additional costs and time investment for the actual construction of the new residence.
No Immediate Occupancy: This is a long-term development project, not suitable for buyers seeking immediate move-in or rental income from an existing structure.

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