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308 Venice Way Venice, CA 90291
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Key Details
Sold Price $3,900,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,350 sqft
Price per Sqft $1,164
MLS Listing ID IN22143235
Style Detached
Bedrooms 2
Full Baths 2
Half Baths 1
Year Built 1984
Lot Size 2,750 Sqft
Property Description
This rare Artist in Residence Live/Work compound in the heart of Venice Beach is perfect for a creative entrepreneur or investor who loves light-filled architecture, open interior space, and privacy. Designed by award winning and much lauded California architect and educator, David Ming-Li Lowe, the property is located steps from the world famous Boardwalk and the trendiest shops and restaurants on Abbot Kinney Blvd. The property is defined by two three-story buildings front and back, each overlooking an ultra private landscaped courtyard. These buildings are framed entirely with structural steel, with exposed posts, beams and cross bracing, which are a major design element on each floor. Translucent Kalwall building panels highlight the changing light throughout the day, and become glowing walls to the exterior at night. A three car garage with high ceilings and large industrial roll up doors make this space perfect for a workshop, storage or artists studio. The open floor plans allow for any kind of office/living space configuration, which makes this property ideal for any usage by an owner/user. Its perfect for use as an office for a production or animation studio, tech startup, architect/design firm, etc. Alternatively, an investor can look to achieve a 4.50% proforma CAP rate in a very competitive Venice marketplace. It is a true original Venice Beach artist loft that embodies the ideal California lifestyle.
This rare Artist in Residence Live/Work compound in the heart of Venice Beach is perfect for a creative entrepreneur or investor who loves light-filled architecture, open interior space, and privacy. Designed by award winning and much lauded California architect and educator, David Ming-Li Lowe, the property is located steps from the world famous Boardwalk and the trendiest shops and restaurants on Abbot Kinney Blvd. The property is defined by two three-story buildings front and back, each overlooking an ultra private landscaped courtyard. These buildings are framed entirely with structural steel, with exposed posts, beams and cross bracing, which are a major design element on each floor. Translucent Kalwall building panels highlight the changing light throughout the day, and become glowing walls to the exterior at night. A three car garage with high ceilings and large industrial roll up doors make this space perfect for a workshop, storage or artists studio. The open floor plans allow for any kind of office/living space configuration, which makes this property ideal for any usage by an owner/user. Its perfect for use as an office for a production or animation studio, tech startup, architect/design firm, etc. Alternatively, an investor can look to achieve a 4.50% proforma CAP rate in a very competitive Venice marketplace. It is a true original Venice Beach artist loft that embodies the ideal California lifestyle.
Location
State CA
County Los Angeles
Area Venice (90291)
Interior
Heating Natural Gas
Cooling Heat Pump(s), Wall/Window, Electric, Gas
Equipment Dishwasher, Refrigerator
Laundry Garage
Exterior
Exterior Feature Fiberglass Siding, Metal Siding
Parking Features Garage
Garage Spaces 3.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Courtyard
Building
Lot Description Sidewalks
Story 3
Sewer Public Sewer
Water Public
Others
Monthly Total Fees $18
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with NON LISTED AGENT • NON LISTED OFFICE