Charming 1920's Spanish home with 2 Detached tri-level contemporary townhouses located in the rear of the property. Gated multi-unit compound with parking for 6 cars. Both townhouses are 1 Bd and a loft built in 1990-no rent control.  Large spacious units w/New kitchens, granite counters and new appliances, New hardwood floors, high ceilings in the living room with large fireplace with French doors leading to two balconies. Great live/ work space with excellent light throughout. Loft area with 1/2 bath. Front house is tenant occupied and has original cove ceilings, breakfast nook and 1920's charm and detail. Located close to trendy Abbott Kinney and Rose ave and walking distance to Whole foods. Best Value multi unit in Venice at $609 sq ft. Cap rate 4.4 and projected cap of 5.75.