Erick's place is sympathetic and has an ideal location (close to lots of cafes, bars, 2 good grocery stores and within walking distance of the beach/boardwalk). We used Santa Monica Blue buses (1 and 3) to Santa Monica and back and Expo line between Santa Monica and downtown.
The place was slightly smaller than I had expected but the 4 of us still spend 7 days there smoothly. The place would be perfect for 3 persons.
I usually stay at hotels when I travel but I think this (a cute small house) is the correct way to enjoy Venice.