558 Rose Avenue

Venice , CA 90291

MLS#: 25570537

$4,995,000

Status: Active
Listing number: 25570537
Listing provided by: Compass
Listing agent phone: None
Last update: 22 hours ago
On site: 17 days ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1988

Sq.Footage

4,770

Striking architectural live/work triplex centrally located on vibrant Rose Avenue in Venice. Three distinct live/work residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. This property creates the perfect environment for design or creative oriented businesses: fashion designers, boutique vendors, photographers, interior designers, architects, marketing firms, film or video producers. The possibilities are endless. Live in one unit, work in another, and use the 3rd for out-of-town guests.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 a work studio (architecture, graphic design, photographer), or as an art gallery or boutique clothing store. Up 1/2 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 multiple bedrooms and lofts that could either be used as living accommodations, or additional work areas. At the front of the property, two additional live/work 1-bed/1-bath units (upper and lower) enhance income potential or provide comfortable living quarters, guest quarters, or additional workspace.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 (projected rent $10,500), the two one bedroom units are generating combined income of $11,073/month. Both 1-bdrm units are expected to be vacated by the current tenants at the end of November. Estimated Gross Annual Income = $258,876

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

Exterior

  • Garage

    Yes

  • Garage spaces

    6

  • Construction Materials

    Stucco

  • Parking

    Attached

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1169

  • Property Type

    Residential Income

Price

  • Sales Price

    $4,995,000

  • Sq. Footage

    4, 770

  • Price/SqFt

    $1,047

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Todd Henricks , Compass

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Striking architectural live/work triplex centrally located on vibrant Rose Avenue in Venice. Three distinct live/work residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. This property creates the perfect environment for design or creative oriented businesses: fashion designers, boutique vendors, photographers, interior designers, architects, marketing firms, film or video producers. The possibilities are endless. Live in one unit, work in another, and use the 3rd for out-of-town guests.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 a work studio (architecture, graphic design, photographer), or as an art gallery or boutique clothing store. Up 1/2 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 multiple bedrooms and lofts that could either be used as living accommodations, or additional work areas. At the front of the property, two additional live/work 1-bed/1-bath units (upper and lower) enhance income potential or provide comfortable living quarters, guest quarters, or additional workspace.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 (projected rent $10,500), the two one bedroom units are generating combined income of $11,073/month. Both 1-bdrm units are expected to be vacated by the current tenants at the end of November. Estimated Gross Annual Income = $258,876

558 Rose Avenue

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