558 Rose Avenue

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