Teeny house yields a sizable profit

French film director Louis Leterrier, whose credits include “Transporter” (2002) and “The Incredible Hulk” (2008), has sold his quaint home in Venice for $4.95 million.

At just 784 square feet in size, that works out to about $6,314 per square foot (or $2.475 million per bedroom) for the two-bedroom bungalow built in the early 1920s.

It was undoubtedly the potential for future development that sold the buyer.

The red-painted home on a walk street occupies a coveted double lot of slightly less than 7,000 square feet.

On the Westside of Los Angeles, particularly in the Venice area, that kind of room to move usually will command a higher price than the structure itself.

As for Leterrier, he nearly doubled his money on the sale. Property records show that the filmmaker bought the home three years ago from actor Harris Yulin for $2.7 million.

Kerry Ann Sullivan and Tami Pardee of Halton Pardee & Partners were the co-listing agents.

Todd Stein of Campbell Wellman Properties represented the buyer.

Leterrier, 43, directed the recently released comedy “The Brothers Grimsby,” which stars Sacha Baron Cohen, Rebel Wilson and Mark Strong.

Among his other screen credits is “Unleashed” (2005) and “Clash of the Titans” (2010).

He reportedly will direct an adaptation of “The Fireman,” a novel by Stephen King’s son Joe Hill.

neal.leitereg@latimes.com Twitter: @NJLeitereg