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308 Venice Way, Venice, CA 90291
$3,900,000
308 Venice Way, Venice, CA 90291View this property at 308 Venice Way, Venice, CA 90291
308 Venice WayVeniceCA90291
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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 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.
Full Property Details
Full Property Details for 308 Venice Way
General
- Sold For: $3,900,000
- Status: Closed
- Type: Single Family
- MLS ID: IN22143235
- Added to Site: 685 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Up, Art Studio, Office, Two Master Bedrooms, Workshop
- Interior Features: Beamed Ceilings, Ceiling Fan(s), High Ceilings, Living Room Deck Attached, Open Floorplan, Storage, Wet Bar
- Fireplace(s): None
- Eating Areas: In Kitchen
- Appliances: Dishwasher, Electric Cooktop, Instant Hot Water, Refrigerator, Tankless Water Heater
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: In Garage
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking: Garage, Garage Faces Rear
Location
- County: Los Angeles
- Driving Directions: Located on the south side of Venice Way, between Main St and Rivieria.
School Information
- School District: Los Angeles Unified
Community
- Community Features: Biking, Dog Park, Sidewalks, Street Lights, Urban
Heating & Cooling
- Cooling Type: Electric, Gas, Heat Pump, Wall/Window Unit(s)
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Single Family Residence
- Construction: Fiberglass Siding, Steel
- Foundation: Slab
- Common Walls: No Common Walls
- Stories/Levels: Three Or More
- Stories Description: Three Or More
- Square Feet: 3,350
- Year Built: 1984
- Year Built Source: Public Records
Lot Features
- Property View: Courtyard
- Lot Size (Acres): 0.0631
- Lot Size Source: Public Records
- Lot Description: Garden, Yard
Financial Considerations
- Price Per Sq. Ft.: $1,164.18
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
Listed by Side, Inc., Kirsten Kaiyala
Sold by KW Advisors, Katrina Gibson-Bragg and KW Advisors, Jonathan Banayan
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Schools
Schools serving 308 Venice Way
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1010 Abbot Kinney Blvd, Venice, CA 90291 | K-5 | 0.4 mi | |
2224 Walgrove Ave, Los Angeles, CA 90066 | 6-8 | 1.5 mi | |
13000 Venice Blvd, Los Angeles, CA 90066 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 308 Venice Way
Date
Details
Price
Change
Source
6/20/2023
Sold
$3,900,000
-7.03%
MLS
1/18/2023
Price Reduced
$4,195,000
-4.11%
MLS
6/30/2022
Listed
$4,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
308 Venice Way, Venice, CA 90291 (MLS# IN22143235) is a Single Family property that was sold at $3,900,000 on June 20, 2023. Want to learn more about 308 Venice Way? Do you have questions about finding other Single Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.