$2,199,999
For Sale

404 Linnie Canal

Venice, CA 90291
Listing OfficeEquity Union
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Type:Purchase
Structure:Land
Zone:Residential

Description

The Art Garden Venice Canals. Last 3 Undeveloped Parcels The "Art Garden" is at the heart of the Venice Canals and is one of only 4 triple lots in this 350 home community. On Linnie Canal, these are the last undeveloped contiguous parcels in the Venice Canals. Design your own double lot compound, acquire a single, or experience this green open space triple in the city. The 404 parcel has been issued LA City Coastal Commission permits for a 3,450 ft livable home plus garage. Your shovel should be in the ground after closing. The choices and combinations are yours. For an end user acquirer, whatever development choice you make, there will be immediate equity for something new rather than paying up for something old.Property Highlights: Three lots each with its own unique appeal and potential. Perhaps one of the best and safest physical locations on the canals across from the tot lot Linnie duck park. Surrounded by lush greenery and a mature shade canopy on all sides. Friendly, welcoming neighbors and a vibrant community.404 Linnie Canal, LA Coastal Permits issued and finals in process on 3,551sqft total living area and 4,005 total enclosed area with the garage. This custom home has been designed by Austin Peters. "Your shovel will be nearly ready to hit the ground by the time you close." Prime opportunity to build a canal-front dream home without the usual permitting delays. Opportunity to combine with 408 Linnie for an amazing double lot compound.408 Linnie Canal Just completed, move-In-Ready dwelling with Expansion Potential. A buyer of all 3 lots could develop two and sell one to have lowest cost of ownership of a brand new custom double lot compound.A true oasis in the city, providing endless opportunities for creativity and development for an end user who wants value, equity and their own special place. The current owner's plan to live on all three lots has changed. The property has been "de-risked" over the past 3 years of investment in plans/permits for 404 and the completion of rebuilding the 408 Survey LA listed dwelling in close collaboration with the City of Los Angeles Department of Building and Safety and other public officials.The Art Garden offers a turnkey retreat, a development-ready lot, and an open canvas for your visionall in the heart of the canals.

  • Property Details
      • CountyLos Angeles
      • Original List Price$2,199,000
      • Property TypePurchase
      • MLS #25521237
      • MLS #25521237
      • Cost2199999
      • Acres0.0654
      • ViewCanal
      • Property SubtypeLand

Location

RayBon MortgageReal Estate Group
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