$4,995,000

Estimated payment $28,413/month

Total Views 310
4 Beds
5 Baths
5,000 Sq Ft
$999 Price per Sq Ft

Highlights

  • Loft
  • High Ceiling
  • Breakfast Area or Nook
  • Venice High School Rated A
  • Home Office
  • Views

About This Home

Tucked just off vibrant Rose Avenue in Venice, this striking architectural live/work triplex designed and built by John Davis and Lorrie Brown offers an inspired blend of modern design and versatile living. Behind secure gates, three distinct residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. 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 living, studio work, or as gallery space. Up one 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 a spacious primary suite with full en-suite bath, a guest bedroom and bath, and loft spaces offering flexible use options, including a third bedroom conversion. At the front of the property, two additional 1-bed/1-bath units (upper and lower) enhance income potential or provide comfortable quarters for guests or extended family. 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 is vacant, the two one bedroom units are generating combined income of $10,750/month. Both 1-bdrm units are expected to be vacated by the current tenants at the end of November.

Listing Agent

Todd Henricks

Compass License #01977512 Listed on: 07/28/2025

Compass

Co-Listing Agent

Alexandra Kerr

Compass License #01911486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,286

Year Built

  • Built in 1988

Parking

  • 6 Car Garage

Home Design

  • Split Level Home
  • Stucco

Interior Spaces

  • 4,770 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Living Room
  • Dining Area
  • Home Office
  • Loft
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Open Patio
  • 5,091 Sq Ft Lot
  • Central Heating

Community Details

  • 3 Units

Listing and Financial Details

  • The owner pays for gardener, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,286

Year Built

Built in 1988

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Tucked off vibrant Rose Avenue, a striking Venice triplex by John Davis and Lorrie Brown blends modern design with versatile living. Behind gates, three residences share clean lines, soaring ceilings, and natural light. At the rear, a 2,700 SF unit shines as an owner's home or premium rental (previously $10K/month). A dramatic entry opens to gallery space ideal for living, working, or exhibiting. Upstairs, an open-concept layout includes a chef's kitchen, dining/living areas, and a large deck for indoor-outdoor flow. The top floor has a spacious primary suite, guest room, two baths, and flexible lofts. At the front, two 1-bed/1-bath units add income or guest space; the upper unit includes two lofts. A rare 6-car garage with alley access completes this unique property. Ideal as a live-work compound or income asset, with perfect proximity to Rose Avenue's shops, cafes, and Venice lifestyle
  • Alley: Yes
  • Living Area: 4770
  • Stories: 2
  • Year Built: 1988
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 3
  • Number Disposal: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Appliances: Cooktop - Gas, Oven, Free Standing Gas, Range Hood, Range
  • Bedrooms: 4
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator
  • Price Per S Q F T: 1047.17

Exterior Features

  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: None
  • Number Patio: 1
  • Paved: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking: 6
  • Garage Structures: 1
  • Number Rented Garages: 2
  • Parking Garage: Garage - 4+ Car, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Number Electric Meters: 3
  • Number Gas Meters: 3

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 5091

Rental Info

  • Number Leased: 2
  • Owner Pays: Gardener, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: 0
  • Vacancy Rate: 33%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,286 $734,731 $202,918 $531,813
2023 $9,114 $720,326 $198,940 $521,386
2022 $8,703 $706,203 $195,040 $511,163
2021 $8,579 $692,357 $191,216 $501,141
2019 $8,328 $671,824 $185,546 $486,278
2018 $8,241 $658,652 $181,908 $476,744
2016 $7,857 $633,079 $174,846 $458,233
2015 $7,745 $623,570 $172,220 $451,350
2014 $7,787 $611,356 $168,847 $442,509
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $4,995,000 0.0% $999 / Sq Ft
04/29/2024 04/29/24 Rented $20,750 0.0% --
04/24/2024 04/24/24 Under Contract -- -- --
04/24/2024 04/24/24 For Rent $20,750 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity National Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $500,000 Adjustable Rate Mortgage/ARM
Closed $435,000 Unknown
Source: Public Records

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Source: The MLS

MLS Number: 25570537

The MLS

APN: 4240-010-036