Lovingly restored 1920s Spanish compound in the heart of Venice. Surrounded by mature bamboo and sharing a generous 5600 sqft lot sits three character-filled units and a large artists studio w/ plans to become a Junior ADU (Unit #4). This private Venice oasis encompasses an exquisite 2+1 (plus den) upper-level unit, a private 1+1 lower level suite, a bright open 1+1 detached guest house, AND a sprawling artists studio with plans to become a Jr ADU. The buyer can take over the permitting process that's already underway w/ architect drawings submitted to the city. Owners and tenants alike can enjoy the expansive and lushly landscaped rear yard along with all the finer character details, from the oversized double-hung wood windows to the original hardwood oak floors. Fit with marble countertops, new appliances, tankless water heaters, and a separate washer/dryer for each unit, this property has it all and in the best part of Venice -- walkable to Abbot Kinney, Rose Ave, and under a mile to the beach! Guesthouse and Artist studio can be delivered vacant at close of escrow.