Classic California bungalow in prime Venice! Located just one block from Abbot Kinney, this mini-compound has two residences on one lot, offering the option to enjoy both homes as a main residence or use as an income-producing property. The front house is a charming 1905 bungalow with 2 bedrooms, 1 bathroom, and multiple bonus spaces including an office/sunroom and a den/TV room. Above the detached garage is a separate guest apartment with 1 bedroom, 1 bathroom, and an eat-in kitchen. Stellar location, just blocks from the beach and all the incredible shopping and dining on Abbot Kinney Blvd, including hotspots like RVR, Hume, The Lighthouse, Belle's Beach House, the upcoming Soho House Venice, and more. The neighboring property at 313 Market St is also available for sale, creating the opportunity to own an even larger compound or to build a house across both lots with plans from renowned local architect Matthew Royce, AIA (Coastal Development Permit approved plans, renderings and engineering have lapsed but are available to be updated with the architect). Opportunity awaits with this quintessentially Venice property. Renderings are of proposed plans from the architect; no representation is being made as to what can actually be built.