308 Venice Way
Venice, CA 90291
- 2 beds
- 3 baths
- 3,350 sqft
- 2,750 sqft lot
- $1,164 per sqft
- 1984 build
- – on site
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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 artist’s 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. It’s 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.
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Last updated Aug 10, 2023
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MLS# IN22143235 —
Walk Score®
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Soundscore™
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Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/20/23
Jun 20, 2023
|
BRIDGE | $4,195,000 | 7.6% | |
|
6/20/23
Jun 20, 2023
|
Sold | CRMLS_CA | $3,900,000 | -7.0% |
|
4/26/23
Apr 26, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $4,195,000 |