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$ 1,000,000
Est. payment /mo
Price Dropped by $200K
544 Grand BLVD Venice, CA 90291
2 Beds
2 Baths
1,473 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,473 sqft
Price per Sqft $678
MLS Listing ID 26640701
Bedrooms 2
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1947
Lot Size 4,499 Sqft
Property Description
MUST READ DETAILS: Hello, I'm 544 and 546 Grand Blvd, a 1947 Venice duplex bungalow with the kind of charm that gets complimented at brunch. Classic exterior, confident interior, and just enough personality to keep things interesting. Think: "I'm adorable," but with income. Stats, because I know you're going to ask: attached duplex-style bungalow with two units 2 x 1 bed / 1 bath. Please note: 544 is not like the floor plan showing 2 bedrooms. The property totals 1,473 sq ft on a 4,500 sq ft lot. Detached 2-car garage, with one unit used by 546 and the other used by the owner. In-unit washer/dryer, because Venice laundry missions are not a lifestyle. 546 owns and maintains their own appliances. Inside? Livable, functional, not fully updated 544 was renovated in 2019; 546 was not. I'm not "fresh off a design show." I'm the honest, slightly scruffy, wildly promising type, with room to improve and upside to unlock. Location? Quiet, walkable Venice pocket near Abbot Kinney and Windward Circle. Close to The Butcher's Daughter, Great White, Erewhon, Venice Farmers Market, Costco, and caffeine lifelines like Blue Bottle, Intelligentsia, and Levain. Beach, bike paths, parks? Yes. Sunshine? Included. Important Notes Please Read: This is a short sale with U.S. Bank. We are in contact with the bank; however, the formal short sale process has not begun and will likely not begin until an offer is received. Buyers should be prepared for a potentially longer escrow, as short sale approval may take weeks or months, depending on lender review, documentation, and approval timelines. Unit 546: protected class tenancy. Occupants have been there 10+ years, and one resident is age-protected. Buyers should understand this and consult their own attorneys to confirm implications and options. Unit 544: tenant would like to stay; however, an owner-occupant may have the ability to move into 544 or pursue a buyout, subject to applicable laws and buyer due diligence. Buyers should consult their own attorneys to confirm. Transparent Fine Print: Owner is not aware of roof or foundation issues, but neither has been replaced or repaired during ownership. Tenants are on year-to-year leases and have not expressed interest in moving out. Any development, occupancy, or financial strategy is on the buyer post-closing. Seller will not vacate the tenants for a buyer. Property is being sold because the owner wants to liquidate into other opportunities. Property is listed well below prior purchase price, and seller feels they are selling at land value with the discount already factored into the list price. Because this is a short sale, all terms, pricing, and final approval are subject to U.S. Bank approval. Timing and market conditions are creating an opportunity for the right buyer. Sorry, no tours available; drive-by only at this stage. No interior showings until offer accepted, subject to inspection. Photos are honest, and again, please note: unit 544 is 1 bedroom, not 2. Upside? ADU plans may be possible. Owner was previously working with an architect on plans for an ADU above the garage; however, no documents are available to share. Buyers should factor this in and complete their own due diligence. Seller Terms / Pricing Update: Previously in multiple offers. Now first-come, first-served. Price reflects prior offer activity, demand, short sale positioning, and ADU/architectural potential. Buyer should be prepared for a longer escrow timeline due to the U.S. Bank short sale approval process. If you can recognize a rare Venice opportunity hiding in plain sight, this is your moment. Bring your vision, bring your patience, bring your offer, and come claim a duplex bungalow that is equal parts charm, location, and upside before someone else realizes what you just realized.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Flooring Wood
Fireplace No
Appliance Gas Cooktop, Gas Oven, Dryer, Washer
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Utilities Available Overhead Utilities
View Y/N Yes
View City Lights
Porch Enclosed
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Corners Marked, Front Yard, Rectangular Lot, Value In Land
Faces North
Story 1
Entry Level One
Sewer Other
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4238019010
Special Listing Condition Standard
Listed by Erik Brown Compass #01958545
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