Welcome to an extraordinary opportunity in Venice! The first time on the market in 70 years, this incredible gem is one of a kind - bring your developers and your contractors; this is an incredible development opportunity with upside potential or the perfect renovation project! Situated on a generous 6,000 +/- sqft, this home boasts LARD1.5 zoning, presenting a canvas of possibilities for the savvy investor or visionary developer! There is tons of upside potential to maximize the lot and build multiple units. The added convenience of alley access enhances the appeal, providing flexibility for design and construction. Whether you envision building new construction, expansion on the current property, or building units, this property invites you to shape an exceptional residence that suits your individual taste and lifestyle. Embrace the possibilities and make your mark in one of Los Angeles' most dynamic and desirable communities. This prime piece of real estate not only offers proximity to the cultural hubs of Venice but also provides a canvas for realizing the vision of a truly exceptional dwelling. Tucked away in a wonderful location, you are a short bike ride to the Penmar Golf Course, Abbot Kinney, Rose Ave, and The Beach. This will not last long!