Request More Info
Schedule a Showing
Share
Print
According to the listing agent, this listing is a bank owned (foreclosed) property. |
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 partial ownership interest in the entity that owns the property. Information is deemed reliable but not guaranteed. Buyer shall independently investigate and verify all aspects of the property, including square footage, permits, zoning, condition, financial information, rental income and expenses, occupancy, and any existing or potential use, including short-term rental eligibility. Property is being sold in its present condition. Seller and Broker make no warranties or representations regarding the property or any particular use.
Property Type(s):
Residential Income
| Last Updated | 8/8/2026 | Year Built | 2010 |
|---|---|---|---|
| Community | C11 - Venice | Garage Spaces | 3.0 |
| County | Los Angeles |
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 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Nelson Shelton & Associates
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email