List Price: $1.2M

Listing Status: Active

Days on Market: 78

2 Bedrooms · 2 Bathrooms · 1,473 sq ft

Property Type: ResidentialIncome

Year Built: 1947

Lot Size: 4,500 sq ft

Garage Spaces: 2

Private Pool: Yes

MLS Number: 26640701

About This Property

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; 544 is not like the floor plan showing 2 bedrooms) totaling 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 renovated in 2019; 546 not), and 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, Levain. Beach, bike paths, parks? Yes. Sunshine? Included. Important notes (PLEASE READ): 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/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). Consult your own attorneys to confirm. Transparent fine print: Owner is not aware of roof/foundation issues, but neither has been replaced or repaired during ownership. Tenants are on year-to-year leases. They have not expressed interest in moving out; Any development or financial strategy is on the buyer post-closing. Seller will not vacate the tenants for a buyer. Selling because owner wants to liquidate into other opportunities. Property is listed well below prior purchase price, and due to this is not in a position to take a discount from list price. Seller feels they are selling at land value and the discount is already factored in to the list price. Timing and market conditions are creating 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 note, unit 544 is 1 bedroom (not 2). Upside: ADU plans possible: Owner was working with an architect on plans for an ADU above the garage (no docs available to share), which may increase income. Buyers should factor this in and do their own due diligence. Seller terms / pricing update: Previously in multiple offers. Now first-come, first-served. Price reflects prior offer activity, demand, and ADU/architectural potential. If you can recognize a rare Venice opportunity hiding in plain sight, this is your moment. Bring your vision, bring your offer, and come claim a duplex bungalow that's equal parts charm, location, and upside before someone else realizes what you just realized.