$5,698,000

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… Read More 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. Read Less

Courtesy of Nelson Shelton & Associates, Steven Kay, Nelson Shelton & Associates 310-271-2229.

Listing Snapshot

Days Online

Last Updated

May 22, 2026

Property Type

Other

Beds

Square Ft.

7,068

Lot Size

0.14 Acres

Year Built

2010

MLS Number

26829101

30 Days Snapshot Of 90291

$2.17M

-4%

(avg) sold price

+41%

homes sold

-11%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Alarm System, Built-Ins, Garbage Disposal, Elevator, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Hood Fan, Gas Or Electric Dryer Hookup, Cable, Ceiling Fan, Dishwasher, Dryer

Building

7,068 sq ft, Built in 2010, Levels: Two, Three Or More, Attached, Contemporary Mediterranean

Cooling

Air Conditioning, Central

Disclosures

Lender Owned/REO, As Is, Rent Control

Fireplaces

Gas, Living Room

Floors

Wood, Ceramic Tile, Mixed

Garage

3 total garage spaces, Assigned, Door Opener, Side By Side, Garage - 3 Car, Private Garage

Water Features

Water: Mutual Water Source

Heating

Central

Interior Features

Elevator, Built-Ins, High Ceilings (9 Feet+)

Kitchen

Gourmet Kitchen, Granite Counters, Island, Stone Counters, Pantry, Open to Family Room

Laundry

In Unit

Lot

LotAcreage: 0.1375, LotSizeArea: 5,990, Canal, Water Front

Miscellaneous

None

Parking

TotalParking: 10

Pool

PoolYN: False, None

Property

EntryLocation: Elevator, NumberOfUnits: 5, ViewDescription: Canal, Green Belt, Water, Tree Top, Landmark, ViewYN: 1, Zoning: LARW1, Balcony, High Ceilings (9 Feet+), Full Copper Plumbing, Sprinkler System, Sliding Glass Doors, End Unit, Custom Built, Updated/Remodeled, Canal

Sewer

In Connected and Paid

Windows

Double Pane Windows

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