Discover a rare opportunity in the heart of Venice, CA! Nestled in the highly sought-after Milwood neighborhood and just one block from all the trendy shops, restaurants, and energy of Abbot Kinney, this unique property offers an unbeatable lifestyle for first-time home buyers, savvy investors, developers, or those looking for the ideal owner/user scenario. Comprised of three charming, colorful one-bedroom cottages, each unit is filled with character and offers well-appointed, inviting interiors. With a touch of magic, these homes can be transformed into your perfect beachside retreat or maximize income potential as an Airbnb or long-term rental. The flexible configuration allows you to live in one cottage while generating income from the other two, or create an extended family compound. Enjoy fantastic privacy, lush and secluded outdoor spaces, and plenty of storage throughout. The open parking area accommodates two vehicles inside the property, a true luxury in this vibrant neighborhood. You'll love the proximity to top-rated schools, neighborhood parks, weekly farmers markets, and endless recreational options all just moments away. Currently owner-occupied, this property offers immediate potential to move in, renovate, or rent out. Whether you're looking to capitalize on Venice's strong rental market or seeking a prime development opportunity, this property delivers exceptional value, lifestyle, and versatility. Don't miss your chance to own a slice of Venice's iconic coastal living. Schedule your private tour today!