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$4,999,889
Est. payment /mo
7,068 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,068 sqft
Price per Sqft $707
MLS Listing ID CL26829101
HOA Y/N No
Year Built 2010
Lot Size 5,990 Sqft
Acres 0.1375
Property Sub-Type Other
Property Description
BACK ON MARKET BUYER DID NOT PERFORM WITHIN CONTRACTUAL TIMEFRAMES. NO FAULT OF THE PROPERTY. REO LENDER-OWNED PREMIER 5-UNIT TROPHY ASSET ON THE VENICE CANALS. PRICED TO SELL. SELLER MAY CONSIDER FINANCING FOR A QUALIFIED BUYER WITH 20% DOWN. ALL UNITS EXCEPT UNIT 4 CAN BE DELIVERED VACANT. Rare opportunity to acquire a LENDER - OWNED luxury 5-unit property on an expansive private corner lot along the iconic Venice Canals. Offered at a substantially reduced price, this exceptional coastal asset presents a compelling opportunity for investors, owner-users, and value-add buyers seeking a trophy property in one of Venice's most desirable waterfront locations.Substantially rebuilt with high-quality materials and thoughtful architectural design, the property combines strong income potential with exceptional owner-user appeal.The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, multiple expansive decks, and direct canal frontage. The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to the canal-front yard, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and walk-in pantry.The private canal-front yard offers an ideal setting for entertaining and indoor-outdoor living. Upper levels feature dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. The residence is offered fully furnished and turnkey.The remaining four units are finished to a comparable standard and consist of two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each features central HVAC, in-unit laundry, fireplaces, travertine finishes, generous storage, and high-end appliances.The property offers a total of 10 parking spaces, including a 3-car garage for the main residence and seven additional spaces.Ideally located just two blocks from the beach and moments from premier dining, shopping, and entertainment, this property offers a rare combination of waterfront location, scale, income potential, owner-user flexibility, and long-term upside.An exceptional opportunity for investors seeking a high-quality income-producing coastal asset or an owner-user desiring a flagship Venice Canals residence with supplemental income.LENDER-OWNED REO PROPERTY. Listing Agent holds a parti
Location
State CA
County Los Angeles
Zoning LARW1
Interior
Heating Other
Cooling Central Air
Flooring Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Exterior
View Y/N true
View Park/Greenbelt, Water, Other
Building
Water Other
New Construction No
Others
Tax ID 4227018033
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Listed by Steven Kay • Nelson Shelton & Associates
NEARBY SCHOOL & BUSINESS
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