To live in or to build, that is the question. Situated on a rare, generous, and highly coveted close to 5,700 sft corner lot, this property offers the ultimate Venice opportunity. Located on two of the neighborhood's peaceful, most residential streets, this property is ready for its next chapter, whether that means living in it and enjoying its rich history or building a spectacular new modern compound. For the builder, it offers a prime, sun-drenched corner footprint with massive upside potential surrounded by multi-million dollar new construction. For the end-user, it is a slice of classic Venice culture. This light-filled Spanish bungalow features meticulously restored original character, bright southern exposure, and a seamless indoor-outdoor flow. The main house includes a welcoming living room with a fireplace, a charmingly restored retro kitchen, and a unique, cabin-like primary suite boasting a massive fireplace and a classic Dutch door leading to the yard. Step outside into a private, lanai-style enclosed sanctuary or retreat to the expansive, tranquil backyard, ideal for entertaining and coastal breezes. The ultimate Venice bonus is a renovated, ultra-hip retro caravan in the backyard, perfect for a creative studio, home office, or guest retreat. Located in a peaceful, tight-knit pocket just moments from Abbot Kinney, Rose Avenue, and the beach, you can walk or bike to the great schools, dining, and shopping the Westside has to offer. Live in a stylish, soulful compound today, or build an unforgettable architectural masterpiece tomorrow. Photos of the appliances and caravan are before renovation, and appliances were replaced with new ones..