This is a killer location for Venice. I spent two months here to be close to work, so I wasn't on vacation, and the place was perfect for my needs. All the better if you are coming on vacation--the energy is vibrant, you're one block off Abbot-Kinney, so there's "life" all around you. You're a 6 minute walk to the beach right at the skate-park and the famed Drum Circle on the weekends. A Perfect place to take in the sunset and people-watch. The restaurants around the corner are among the top picks for foodies (my favorite is Felix). You're also a 6 minute walk to Rose Avenue with all the restaurants there. It's a killer location.
Also, Penny is incredibly responsive. I had a few issues that she got on top of immediately. I was very impressed with her and had an absolutely lovely stay. I will miss the ocean breeze, the perfect temperatures, the restuarants, and the vibrant life all around. I'd definitely stay here again.