"The Victoria" | Development Opp w/ RTI Plans to Build ~5400 SQ FT Compound in Venice!!!! | $2.288M

Check out "The Victoria" an exceptional opportunity to build a zen contemporary compound in Venice for $2,288,000.
Estimated construction cost is $1,600,000=$1,800,000 and estimated resale price is $5,500,000-$6,000,000!
The ~5400 sq ft 5 BR / 7 BA contemporary zen residence w/ ADU & street-to-alley access is sited on the largest lot in all of Venice. The proposed Tulum & James Perse-inspired finishes perfectly blend warmth, tranquility, & the Venice beachy & artsy vibes w/ natural materials & textures such as European White Oak, natural stones & tropical landscaping. Waste no time with Coastal Commission or Building & Safety, as this property comes with RTI / ISSUED PERMITS. Existing ~3500 sq ft structure on the property allows for financing with more favorable terms than ground-up construction. Walk or bike to Erewhon, Whole Foods, the ocean, Abbot Kinney, Main St, and all of the restaurants, entertainment and nightlife Venice has to offer. Truly a once in a lifetime opportunity to build an impressive home all while having healthy equity margins from a developer perspective.
Don't hesitate to make a move on this masterpiece to be, before the owner changes their mind and builds it with Thornton Development Group!
Listed by Oliver Thornton & RC Thornton of Hollywood Estates