547 Vernon Avenue, Venice, California 90291, Venice, 90291 - 5 bed, 5 bath

547 Vernon Avenue, Venice, California 90291 home-pic-0
ACTIVE$3,495,000
547 Vernon Avenue, Venice, California 90291
5Beds
5Baths
3,500Sqft
4,801Lot
Year Built
2012
Close
-
List price
$3.5M
Original List price
$3.6M
Price/Sqft
$999
HOA
-
Days on market
-
Sold On
-
MLS number
25583709
Home ConditionExcellent
Features
Good View: City Lights, Trees/Woods
Deck
Patio
ViewCity Lights,Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $3.50M(80th), sqft - 3500(80th), beds - 5(80th), baths - 5(80th).

Modern and eco-friendly newer construction designed by renowned architect Dennis Gibbens. With an incredible open loft style floor plan with high ceilings and lots of natural light, this property can be utilized for a rental income stream with two private and separate units, or easily connected per the original architect's plans giving you a single family feel with an attached guest unit. The larger back unit, 549 Vernon, contains 3 Bedrooms and 3 baths with the first level finished with polished concrete floors and a boutique Chef's kitchen, spacious dining and living areas and laundry and powder room. Reclaimed hardwood floors lead you upstairs to the large primary bedroom with an en-suite bath and a large soaking tub and walk-in closet. There are also two guest bedrooms, a full bath and patio. This unit is 2,330 square feet and enjoys privacy of a majority of the 4,800 plus square foot lot. The front unit, 547 Vernon, is a 2 bedroom and 2 bath with 1,160 square feet of living space. It also has concrete flooring on the entry level with a large customized boutique kitchen, oversized island and a side exit door near the guest bath for easy access to a post surf shower. Reclaimed hardwood floors on the second floor bring you to the upstairs laundry, a guest bedroom and the primary bedroom with an en-suite bath and walk-in closet. There is also an attached two-car garage plus two additional guest parking spots. Located a short walk or bike ride to Abbot Kinney, this property can be situated for great rental income or reimagined as a single family home to be enjoyed by an end-user or sold for a good return.

Price History

Date
Event
Price
09/09/25
Price Change
$3,495,000-2.8%
08/28/25
Listing
$3,595,000
10/16/12
Sold
$2,650,026
03/08/11
Sold
$595,000
Condition Rating
Excellent

Built in 2012, this architect-designed property presents as virtually new. The kitchens are high-end 'boutique Chef's' and 'customized boutique' with sleek, modern cabinetry, stainless steel appliances, and large islands. Bathrooms feature contemporary subway tiling and fixtures, all in pristine condition. Polished concrete and reclaimed hardwood floors are immaculate. The overall design, high ceilings, and abundant natural light contribute to a superior, move-in ready condition with no visible deferred maintenance or physical depreciation, meeting current quality standards.
Pros & Cons

Pros

Architectural Significance & Modern Design: Designed by renowned architect Dennis Gibbens, this newer construction boasts a modern, eco-friendly aesthetic with an open loft-style floor plan, high ceilings, and abundant natural light.
Income Potential & Flexible Layout: The property offers significant versatility with two private, separate units (3 bed/3 bath and 2 bed/2 bath), ideal for rental income, or easily convertible into a cohesive single-family residence.
Prime Venice Location: Situated a short walk or bike ride to the highly desirable Abbot Kinney Boulevard, providing excellent access to trendy shops, restaurants, and the vibrant Venice lifestyle.
High-End Finishes & Amenities: Features premium materials and thoughtful details throughout, including polished concrete and reclaimed hardwood floors, boutique Chef's kitchens with oversized islands, and luxurious primary suites with soaking tubs.
Newer Construction & Ample Parking: Built in 2012, ensuring modern building standards and reduced immediate maintenance concerns, complemented by an attached two-car garage and two additional guest parking spots.

Cons

Complex Configuration for Single-Family Use: While flexible, the current dual-unit setup may require additional investment and effort to seamlessly convert into a traditional single-family home, potentially deterring buyers seeking an immediate, unified living space.
Modest Lot Size for Price Point: At 4,801 square feet, the lot size, while private for the larger unit, might be considered modest for a property of this scale and price in Venice, potentially limiting expansive private outdoor living areas.
Niche Buyer Pool: The unique dual-unit and convertible nature, while appealing to investors or multi-generational families, may narrow the potential buyer pool compared to a straightforward single-family home, potentially affecting market velocity.

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