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$ 4,999,889
Est. payment | /mo
7,068 SqFt
$ 4,999,889
Est. payment | /mo
7,068 SqFt
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
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Steven Kay • Nelson Shelton & Associates
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