Sold
308 Venice Way
Venice CA, 90291
$3,900,000
$1,164.18 per sqft
Sold
2 Beds
2.5 Baths
3,350 sqft
Residential
Built in 1984
Listed by Kirsten Kaiyala with Side, Inc. 415-205-0742
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.
IN22143235
MLSⓇ ID
June 27, 2022
Listed
March 23, 2024
Updated
Map
308 Venice Way
Venice CA, 90291
Interior Features
Total Stories
3
Bedrooms
2 Beds
Bathrooms
2.5 Baths
Interior Features
Beamed Ceilings, Wet Bar, Ceiling Fan(s), High Ceilings, Living Room Deck Attached, Open Floorplan, Storage, All Bedrooms Up, Instant Hot Water, Multiple Primary Suites, Workshop
Appliances
Dishwasher, Electric Cooktop, Refrigerator, Tankless Water Heater
Laundry Description
In Garage
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Electric, Gas, Heat Pump, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
Garden, Yard
Sewer
Public Sewer
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
C11 - Venice
Days on Market
294
Garage
Yes
Garage Spaces
3
Parking
Garage, Garage Faces Rear
Parking Total
3
View
Yes
View Description
Courtyard
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing Contact: 415-205-0742
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:32 AM UTC