Defaulted Newly Built 3 Story Modern Home in Venice
Major Cross Streets Lincoln near Palm
Walker's Paradise Score of 91

5 Bed and 6 Bath - 3515 SF on 5750 SF Lot Built 2023
Property consists of a rare, new 2024 construction, custom architectural home nestled in a beautifully landscaped setting that seamlessly blends with the stunning pool area. This unique modern architectural masterpiece stands out as one of a kind in the neighborhood, sparing no expense in its construction and design and ideally situated near Abbot Kinney, Rose and Venice Beach, providing convenient access to some of the best dining, shopping, and entertainment options.

Some features include the living room with 10' glass pocket doors that provide a seamless indoor-outdoor flow. The kitchen opens to a calming modern view of the pool, perfect for entertaining or a quiet weekend retreat. And a guest room located on the first floor, with en-suite bathroom and a sliding door entrance plus an expansive roof top deck with gorgeous city views.

Original Loan Amount $2,659,000
Original Interest Rate 10.99%
Current Default Rate 18%
Maturity Date 9/2023
Appraised Value $3,850,000
(Per Diem of $1329.50)