Striking architectural live/work triplex centrally located on vibrant Rose Avenue in Venice. Three distinct live/work residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. This property creates the perfect environment for design or creative oriented businesses: fashion… Read More designers, boutique vendors, photographers, interior designers, architects, marketing firms, film or video producers. The possibilities are endless. Live in one unit, work in another, and use the 3rd for out-of-town guests. At the rear, the primary 2,700 sq ft unit stands out as an exceptional owner's home or premium rental (previously leased at $10,000/month). A dramatic entry opens to the expansive gallery-like space perfect for a work studio (architecture, graphic design, photographer), or as an art gallery or boutique clothing store. Up 1/2 level, an open-concept design features a chef's kitchen with premium appliances, a generous and airy dining and living area, and an expansive deck for seamless indoor-outdoor entertaining. The top floor includes multiple bedrooms and lofts that could either be used as living accommodations, or additional work areas. At the front of the property, two additional live/work 1-bed/1-bath units (upper and lower) enhance income potential or provide comfortable living quarters, guest quarters, or additional workspace. Both units echo the modern aesthetic and abundant natural light, while the upper unit includes two loft spaces for added versatility. Completing this unique offering is a 6-car garage with alley access--a rare luxury in Venice. Whether you're seeking a live-work compound, significant rental income, or both, this distinctive triplex combines architectural pedigree with unmatched proximity to Rose Avenue's shops, cafes, and the eclectic Venice lifestyle. The largest unit has projected rent of $10,500, the two one bedroom units are generating combined income of $11,073/month. Estimated Gross Annual Income = $258,876. All units to be delivered vacant. Read Less
Property listed by Compass, Alexandra Kerr 323-593-6999
Built in 1988, Building area total: 4,770, Levels: MultiSplit, Living area: 4770, 1 building, Architectural style: , Attached, Common walls: OneCommonWall, Construction materials: Stucco
Cooling
CentralAir
Garage
6 spaces
Heating
Central
Income
Gross income: $258,876
Interior Features
Loft
Lot
0.1169 acres, 5,091 square feet, Size: 5,091
Parking
6 totals parking
Property
Zoning: LAC4-1
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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