558 Rose Avenue, Venice, California 90291, Venice, 90291 - 4 bed, 5 bath

558 Rose Avenue, Venice, California 90291 home-pic-0
ACTIVE$4,750,000
558 Rose Avenue, Venice, California 90291
4Beds
5Baths
5,000Sqft
5,091Lot

Price Vs. Estimate

The estimated value ($4,552,320.95) is $197,679.05 (4%) lower than the list price ($4,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Venice Location: Situated just off vibrant Rose Avenue, offering unmatched proximity to popular shops, cafes, and the eclectic Venice lifestyle, appealing to a broad demographic.
Top Cons:
Recent Price Reduction: The property has seen a recent price reduction from $4.995M to $4.75M, which may suggest initial overpricing or market resistance at the higher price point.

Compared to the nearby listings

Price:$4.75M vs avg $2.29M (+$2,459,500)94%
Size:5,000 sqft vs avg 1,831.5 sqft95%
Price/sqft:$950 vs avg $1.3K17%

More Insights

Built in 1988 (37 years old).
Condition: Despite being built in 1988, this property has clearly undergone an extensive and high-quality modern renovation, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The kitchen features sleek black flat-panel cabinetry, premium stainless steel appliances (including a built-in oven and integrated dishwasher), modern countertops, and contemporary open shelving with integrated lighting. The bathrooms are equally updated with white subway tile, glass shower enclosures, modern fixtures, and minimalist vanities. Throughout the property, the flooring consists of polished concrete/epoxy and cork, complemented by modern light fixtures and a clean, contemporary aesthetic. All visible components appear new or virtually new, reflecting current design standards with no signs of deferred maintenance.
Year Built
1988
Close
-
List price
$4.75M
Original List price
$5M
Price/Sqft
$950
HOA
-
Days on market
-
Sold On
-
MLS number
25569795
Home ConditionExcellent
Features
Patio
View

About this home

Tucked just off vibrant Rose Avenue in Venice, this striking architectural triplex designed and built by John Davis and Lorrie Brown offers an inspired blend of modern design and versatile living. Behind secure gates, three distinct residences share a contemporary aesthetic defined by clean lines, soaring ceilings, and abundant natural light, reflecting the creative spirit of Venice itself. 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 living, studio work, or as gallery space. 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 a spacious primary suite with full en-suite bath, a guest bedroom and bath, and loft spaces offering flexible use options, including a third bedroom conversion. At the front of the property, two additional 1-bed/1-bath units (upper and lower) enhance income potential or provide comfortable quarters for guests or extended family. 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 and equipped with separately metered Tesla charger--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. Live in the largest unit, and rent the other two with an estimated annual income of approx $132K.

Condition Rating
Excellent

Despite being built in 1988, this property has clearly undergone an extensive and high-quality modern renovation, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The kitchen features sleek black flat-panel cabinetry, premium stainless steel appliances (including a built-in oven and integrated dishwasher), modern countertops, and contemporary open shelving with integrated lighting. The bathrooms are equally updated with white subway tile, glass shower enclosures, modern fixtures, and minimalist vanities. Throughout the property, the flooring consists of polished concrete/epoxy and cork, complemented by modern light fixtures and a clean, contemporary aesthetic. All visible components appear new or virtually new, reflecting current design standards with no signs of deferred maintenance.
Pros & Cons

Pros

Prime Venice Location: Situated just off vibrant Rose Avenue, offering unmatched proximity to popular shops, cafes, and the eclectic Venice lifestyle, appealing to a broad demographic.
Exceptional Income-Generating Triplex: Comprising three distinct residences with significant rental income potential, including a primary unit previously leased at $10,000/month and an estimated annual income of $132K for the secondary units.
Architectural Pedigree & Modern Design: A striking architectural triplex designed by John Davis and Lorrie Brown, featuring clean lines, soaring ceilings, abundant natural light, and a contemporary aesthetic.
Abundant Parking & EV Ready: A rare luxury in Venice, the property boasts a 6-car garage with alley access, equipped with a separately metered Tesla charger, catering to modern needs.
Flexible Living & Work Spaces: The property offers versatile configurations, including a gallery-like space in the main unit, loft spaces in secondary units, and potential for a live-work compound or multi-generational living.

Cons

Recent Price Reduction: The property has seen a recent price reduction from $4.995M to $4.75M, which may suggest initial overpricing or market resistance at the higher price point.
Limited Private Outdoor Space for Secondary Units: While the primary unit features an expansive deck, the description does not detail significant private outdoor areas for the two additional 1-bed/1-bath units, which could be a drawback for tenants.
Proximity to Vibrant Avenue: Being 'just off vibrant Rose Avenue' while offering convenience, could also imply potential for increased street noise and less residential tranquility compared to more secluded areas.

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