717 California Avenue, Venice, California 90291, Venice, 90291 - 7 bed, 9 bath

717 California Avenue, Venice, California 90291 home-pic-0
ACTIVE$3,500,000
717 California Avenue, Venice, California 90291
7Beds
9Baths
6,126Sqft
8,209Lot
Year Built
1954
Close
-
List price
$3.5M
Original List price
$3.75M
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
24469553
Home ConditionTear down
Features
Good View:
Deck
Pool
Patio
View

About this home

We found 4 Cons,5 Pros. Rank: price - $3.50M(85th), sqft - 6126(98th), beds - 7(97th), baths - 9(98th).

A truly unique opportunity, 717 California Avenue presents an 8,207 square-foot double-lot in the heart of Venice, where you can bring to life a thoughtfully crafted, years-in-the-making plan for a brand new, contemporary architectural residence. Lots of this size rarely become available in this coveted locale. Set to be one of the largest homes west of Lincoln Avenue, this is an unparalleled chance to create something in an ideal location. This development opportunity comes with approved RTI-ready plans by renowned California designer Kim Gordon. Plans call for a 6,126-square-foot home, featuring 7 bedrooms, 9 baths, an attached garage with additional parking on-site, a 2,154-square-foot basement level, and an ADU on the main level of the home. Architectural plans showcase exceptional amenities, seamless indoor-outdoor living, open-plan interiors, expansive glass walls, multiple terraces, private pool and a corner primary suite with a walk-in dressing room. The lower level is set to feature a gym, spa, wine cellar, and theater. Owners enjoy absolute privacy paired with a central location, moments from Abbot Kinney Blvd, Venice Blvd, shopping, dining and the beach.

Price History

Date
Event
Price
07/18/25
Sold
$2,995,000
09/05/18
Sold
$2,900,000
Condition Rating
Tear down

The property, built in 1954, is explicitly described as a development opportunity where the existing structure requires demolition to make way for a new, contemporary residence. The value is based solely on the land and the approved RTI-ready plans, not the current house. Images of the existing structure (9 and 10) confirm it is an old, dated home consistent with a property slated for demolition, making it unlivable in its current condition.
Pros & Cons

Pros

Prime Venice Location: Situated in the highly coveted heart of Venice, moments from Abbot Kinney Blvd, Venice Blvd, shopping, dining, and the beach, offering unparalleled access to the area's vibrant lifestyle.
Rare Double Lot Development Opportunity: An exceptional 8,207 square-foot double-lot, a size rarely available in this locale, providing the unique opportunity to build one of the largest homes west of Lincoln Avenue.
Approved RTI-Ready Plans: Comes with approved 'Ready-To-Issue' plans by renowned California designer Kim Gordon, significantly reducing development time, cost, and uncertainty for the buyer.
Luxury Proposed Design & Amenities: Plans detail a 6,126 sqft contemporary architectural residence with 7 beds, 9 baths, a 2,154 sqft basement (gym, spa, wine cellar, theater), ADU, private pool, multiple terraces, and high-end finishes.
Potential for Absolute Privacy: The proposed design and lot size are intended to offer future owners absolute privacy, a premium feature in a bustling urban environment like Venice.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-18. The sold price is $2,995,000.00.
Substantial Additional Investment Required: The listed price is for the land and approved plans; the buyer must fund the entire construction of a large, luxury home, representing a multi-million dollar investment beyond the purchase price.
Extensive Construction Project: This is a ground-up development opportunity, not a move-in ready property, requiring significant time (likely 18-24+ months), effort, and project management from the buyer.
Demolition and Site Preparation Costs: The existing 1954 structure will require demolition, incurring additional costs and potential site preparation challenges before new construction can commence.

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