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
Year Built
1931
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$2,686
HOA
-
Days on market
-
Sold On
-
MLS number
SB25247114
Home ConditionTear down
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(2th), sqft - 484(3th), beds - 1(2th), baths - 1(15th).
FINALLY AVAILABLE!!! VENICE SUPREME! IT'S A KEEPER, A DESTINATION, AND THE LOCATION OF A LIFETIME! Talk about pride, this is a PRIDE OF OWNERSHIP that you likely will never want to sell. Finally, 717 4th Ave is available for YOU to be "The First" to own this Prime Venice Property in decades! "Walker's Paradise" and "Biker's Paradise" with Walk Score 93 and Bike Score 94! Property is zoned RD 1.5, call for details. Either keep it as is, build two homes, or build your dream house and add an ADU! LETS DO THIS!! (buyer to verify)
Price History
Date
Event
Price
10/25/25
Listing
$1,300,000
Condition Rating
Tear down
Built in 1931, this property is over 50 years old with no indication of major renovations in the past 50 years. The listing description and property analysis explicitly state that the existing structure is old and 'likely requires significant renovation or complete demolition,' emphasizing that the value is 'primarily in the land and its development potential, not the current dwelling.' The exterior images show an aged and cluttered property with clear signs of deferred maintenance. The complete absence of interior photos for the kitchen and bathroom strongly suggests these critical areas are in original, unlivable, or very poor condition, necessitating complete replacement. The property's small size (484 sqft) further supports the idea that the existing structure is not the primary asset.
Pros & Cons
Pros
Exceptional Location: Situated in a prime Venice location, described as 'Venice Supreme' and a 'Location of a lifetime,' offering high desirability and prestige.
High Walk and Bike Scores: Boasts a 'Walker's Paradise' score of 93 and a 'Biker's Paradise' score of 94, indicating excellent accessibility to amenities and a highly desirable active lifestyle.
Significant Development Potential: Zoned RD 1.5, providing flexibility for buyers to potentially build two homes, a dream house, or add an Accessory Dwelling Unit (ADU), maximizing future value.
Rare Market Opportunity: Marketed as being available for the 'First' time in decades, suggesting a unique and highly sought-after opportunity in a competitive market.
Strong Investment Value: The combination of a prime location, significant development potential, and rarity positions this property as a robust long-term investment.
Cons
High Price for Existing Structure: The $1.3 million list price is substantial for a 484 sqft, 1 bed, 1 bath home, indicating the value is primarily in the land and its development potential, not the current dwelling.
Age and Condition of Property: Built in 1931, the existing structure is old and likely requires significant renovation or complete demolition, adding considerable cost and effort for a buyer.
Lack of Views: The property explicitly states 'None' for views, which can be a drawback in a desirable coastal area like Venice where scenic views often command a premium.