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REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. SELLER may consider FINANCING for a qualified buyer with 20% down. (ALL UNITS EXCEPT EXCEPT UNIT 4 CAN. BE DELIVERED VACENT) PRICED TO SELL Rare opportunity to acquire a lender-owned luxury multi-unit property situated on an expansive, private corner lot along the iconic Venice Canals. Now offered with a massive price reduction, 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.This substantially rebuilt 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.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. Listing Agent holds a partial ownership interest in the entity that owns the 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.
| DAYS ON MARKET | 54 | LAST UPDATED | 6/14/2026 |
|---|---|---|---|
| YEAR BUILT | 2010 | COMMUNITY | C11 - Venice |
| GARAGE SPACES | 3.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to May 26, '26 | $5,698,000 |
|---|---|
| May 26, '26 - Jun 14, '26 | $4,999,888 |
| Jun 14, '26 - Today | $4,999,889 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Vented Exhaust Fan, Washer, Washer/Dryer Stacked |
| AREA | C11 - Venice |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s), Elevator, High Ceilings |
| LOT | 5990 sq ft |
| LOT DIMENSIONS | 5990 |
| PARKING | Assigned, Garage, Garage Door Opener, Private, Side By Side |
| POOL DESCRIPTION | None |
| STORIES | Two, Three Or More |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Park/Greenbelt, Water |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 6/26/26 2:05 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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