Property Detail

Description

REO Lender-Owned Foreclosure Premier 5-Unit Trophy Asset on the Venice Canals Rare opportunity to acquire a lender-owned luxury multi-unit property situated on an expansive, private corner lot along the iconic Venice Canals. This newer construction asset, built with high-quality materials and thoughtful architectural design, offers strong income potential and exceptional owner-user appeal.The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, and multiple expansive decks with direct canal exposure. The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to a canal-front yard for seamless indoor-outdoor living, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and a walk-in pantry. The private yard is ideal for entertaining. Upper levels offer dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. Delivered fully furnished and turnkey. The remaining four units are finished to a comparable standard and include two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each unit 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. Panoramic views include the Venice Canals, Santa Monica Mountains, and Marina del Rey.An on-site property manager oversees daily operations, including maintenance and short-term rental coordination. Ideally located just two blocks from the beach and moments from premier dining, retail, and entertainment.Suitable for both investors seeking a high-quality income-producing asset and owner-users desiring a flagship coastal residence with supplemental income. Exceptional value-add and repositioning potential in a highly sought-after waterfront location. Lender-owned (REO) property. Information provided is deemed reliable but not guaranteed. Buyer to independently verify all aspects of the property, including square footage, permits, zoning, financials, and any potential use, including short-term rental eligibility. Property is sold in its present condition. Seller and Broker make no warranties or representations. Listing Agent has an ownership interest in the entity that owns the property