667-Square-Foot, One-Bedroom House in Venice Asking $1.5M

This petite little Venice house might not look like much, but it is a "One bedroom one bathroom house waiting for reinvention," possibly as two townhouses, for which the plans have already been drawn up, the listing says. The wee residence definitely has a target on its façade because of its proximity to Abbot Kinney Boulevard (it's about a mile away from the cool part) and its location in an already desirable 'hood—after all, "this is where the art and tech communities merge."

Though the house is leased out right now, that's presented as a positive: "enjoy rental income while plan for redevelopment." But with just 667 square feet of spartan living space on a 4,780-square-foot lot, there is no way this place is not getting demolished. It does at least have a kitchen, which is more than can be said for another, smaller Venetian cottage that came on the market this summer asking $1.275 million and sold for $1.3 million last month. This itty-bitty abode is listed for $1.495 million.

· 1147 Harrison Avenue, Venice, CA [Estately]
· 280-Square-Foot Venice Cottage With No Kitchen Asking $1.3M [Curbed LA]