717 4th Avenue, Venice, California 90291, Venice, 90291 - 1 bed, 1 bath
ACTIVE$1,300,000
717 4th Avenue, Venice, California 90291
1Bed
1Bath
484Sqft
3,800Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in the highly desirable 'Heart of Venice,' just blocks from Abbot Kinney Boulevard and minutes from Venice Beach, offering unparalleled access to a vibrant coastal lifestyle.
Top Cons:
Outdated & Small Existing Structure: Built in 1931 with only 484 sqft, 1 bed, and 1 bath, the current dwelling is likely a tear-down or requires extensive renovation, adding significant costs for a buyer seeking a modern home.
Compared to the nearby listings
Price:$1.30M vs avg $2.28M ($-982,500)2%
Size:484 sqft vs avg 1,818 sqft3%
Price/sqft:$2.7K vs avg $1.3K98%
More Insights
Built in 1931 (94 years old).
Condition: The property was built in 1931, making it over 90 years old. The MLS description explicitly markets it as an 'investment opportunity' for 'developers' to 'build, develop, or re-imagine,' strongly indicating the value is in the land, not the existing structure. The images show an extremely neglected exterior with an old, weathered fence, overgrown vegetation, and a cluttered backyard with an old trailer and shed. The house itself appears dilapidated and in severe disrepair, with no interior photos provided, which is a strong indicator that the interior is unlivable or not presentable. Given its age, condition, and how it's marketed, the structure is clearly beyond repair for comfortable living and is intended for demolition.
Year Built
1931
Close
-
List price
$1.3M
Original List price
$1.2M
Price/Sqft
$2,686
HOA
-
Days on market
-
Sold On
-
MLS number
SB25128429
Home ConditionTear down
Features
Good View: None
View-
About this home
Prime Investment Opportunity in the Heart of Venice. Savvy investors and developers will appreciate this exceptional opportunity to own a property zoned LAR1.5, offering versatile potential in a highly desirable Venice location. Just blocks away from the vibrant Abbot Kinney Boulevard, this property is ideally situated near some of the city’s most celebrated dining, shopping, and entertainment options. Whether you’re looking to build, develop, or re-imagine, this parcel provides flexibility to suit your vision. Enjoy close proximity to iconic local attractions including Venice Beach, Dudley Market, Venice Skate Park, and scenic parks—all just minutes away. This is your chance to secure a valuable piece of real estate in one of Los Angeles’ most dynamic neighborhoods. Don’t miss out on this rare investment opportunity in a prime coastal location.
Condition Rating
Tear down
The property was built in 1931, making it over 90 years old. The MLS description explicitly markets it as an 'investment opportunity' for 'developers' to 'build, develop, or re-imagine,' strongly indicating the value is in the land, not the existing structure. The images show an extremely neglected exterior with an old, weathered fence, overgrown vegetation, and a cluttered backyard with an old trailer and shed. The house itself appears dilapidated and in severe disrepair, with no interior photos provided, which is a strong indicator that the interior is unlivable or not presentable. Given its age, condition, and how it's marketed, the structure is clearly beyond repair for comfortable living and is intended for demolition.
Pros & Cons
Pros
Prime Coastal Location: Situated in the highly desirable 'Heart of Venice,' just blocks from Abbot Kinney Boulevard and minutes from Venice Beach, offering unparalleled access to a vibrant coastal lifestyle.
Significant Development Potential: Zoned LAR1.5, this property offers versatile potential for investors and developers to build, re-imagine, or expand, maximizing its value in a sought-after area.
Exceptional Investment Opportunity: Explicitly marketed as a 'Prime Investment Opportunity' and a 'rare investment opportunity,' highlighting its potential for substantial returns in a dynamic market.
Unbeatable Walkability & Amenities: Enjoy close proximity to celebrated dining, shopping, entertainment, and iconic local attractions, enhancing the property's appeal for future residents or tenants.
Adequate Lot Size for Redevelopment: The 3800 sqft lot provides sufficient space for a significant redevelopment project, aligning with the property's investment and development potential.
Cons
Outdated & Small Existing Structure: Built in 1931 with only 484 sqft, 1 bed, and 1 bath, the current dwelling is likely a tear-down or requires extensive renovation, adding significant costs for a buyer seeking a modern home.
High Price Relative to Current Dwelling: The $1.3 million list price is substantial for the existing small, old structure, indicating that the value is almost entirely in the land and development potential, which may limit the buyer pool to developers or cash buyers.
No Notable Views: The property description indicates 'View: None,' which is a missed opportunity in a coastal location where ocean or city views typically command a premium and could enhance future development value.