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A rare opportunity to own a trophy 5-unit luxury property on the iconic Venice Canals, just two blocks from the beach and steps to vibrant Washington Boulevard. Originally rebuilt from the ground up in 2010, this exceptional offering combines the elegance of newer construction with the timeless appeal of one of Southern California's most celebrated neighborhoods. With panoramic views stretching from the Venice Canals to the Santa Monica Mountains and Marina del Rey, this income-producing property is perfect for an owner-user, long-term investor, or 1031 exchange buyer seeking a low-maintenance, high-quality asset in a world-class location. One if the best things about this property is double corner lot at almost 6,000 square feet. The crown jewel is the front-facing 3-story, 4-bedroom, 4.5-bath luxury residence with a private elevator, 2-car garage, and expansive decks on every level, ideal for entertaining or quiet enjoyment. The chef's kitchen features custom cabinetry, travertine countertops, stainless steel appliances, and a walk-in pantry. French doors open to a lush, grassy canal-front yardperfect for barbecues and gatherings. Inside, the open-concept living and dining rooms flow beautifully, complete with a fireplace and powder room on the main level. The upper floors offer dual master suites with luxurious bathrooms, seating areas, fireplaces, and private balconies overlooking the canals.The additional four units are equally well-appointed and include two 3-bedroom, 3-bath units and two 1-bedroom, 1.5-bath units. Each unit offers central HVAC, fireplaces, in-unit washer/dryers, travertine finishes, large pantries, and high-end appliances. All units were built with quality in mind, including new plumbing, electrical, HVAC, and roofing systems as of the 2010 renovation.Whether you're looking to live in one of the most desirable areas of Los Angeles or capitalize on strong rental incomelong-term or short-termthis premier property offers unmatched flexibility and prestige. With over 25 restaurants and cafs within a short walk and quick access to Abbot Kinney, Marina del Rey, the Venice Boardwalk, and the 28-mile beach bike path, this is coastal living and investing at its finest.The property is currently overseen by a highly experienced, professional on-site property manager who resides in Unit #4. This manager maintains the entire building and handles the coordination of short-term rentals, ensuring smooth operations and consistent income. Units #2 and #5 are occupied by long-term tenants, while the main front home operates as a luxury short-term rental, typically leased for one to four months at a time. The main house is currently leased through summer 2025 at $24,000 per month, yielding a monthly net income of approximately $20,000 to the seller after management fees. Unit #5, also operated as a short-term rental, earns $9,000 per month with a net of around $8,000 monthly after fees.The property manager is open to remaining with the new owner, offering a seamless and turnkey management solution. Given the high demand for upscale short-term rentals in Venice and neighboring Marina del Rey, the property is well-positioned for strong rental income and long-term appreciation. The seller, now retiring and relocating to the East Coast, leaves behind a fully stabilized property with no current vacancies. Of course the main house can delivered vacant at the end of any short term rental period if buyer wants to owner occupy. |
