Nestled along the picturesque Venice Canals, this rare 5-unit income property stands as a one-of-a-kind treasure in the heart of this iconic neighborhood. Meticulously maintained with love over the years, this trophy opportunity consists of a 1 Bdrm/1 Bath owners/unit that is vacant and recently updated, as well as four more charming units, with one that is vacant and ready to be rented at market rates! Tons of upside potential by bringing the vacant units up to market rates, or leverage this as the perfect owner/user property - live in the front house and start generating passive income immediately! There are endless possibilities here, unlike any other. //About this property: The 1 Bdrm/1 Bath detached front house gracefully faces the serene canals and sets the tone for the entire property. This beautiful unit stands ready for you to call home. Recently renovated, you will enjoy a light-infused, functional floor plan, a cozy restored Franklin fireplace, a full kitchen with granite counters, stainless steel appliances, and a stackable washer and dryer. The bedroom is spacious, with plenty of closet space and a full bathroom with a jacuzzi-style spa tub. There are private outdoor decks on the front and side of the property- perfect for hosting friends, BBQ, and dining alfresco, or relaxing and unwinding, taking in the ocean breeze. Rent this unit to its fullest potential, or move right in to have your own space to call home. To the rear of the property are three studio units and a junior 1 Bdrm unit that exude charm and a modern flair (two upstairs and two downstairs); all units have shared outdoor space, and each unit boasts a fully equipped kitchen, washer/dryer, and more. A vacant upstairs studio was just completely redone and is ready to be rented at market rates! Beautifully landscaped throughout, and a true sense of community among the tenants. Whether you choose to call this property home, or utilize as an investment - this property is ready for you to park your cash! Take advantage of this rare chance to own a piece of Venice's history and enjoy the tranquility of canal-side living, all within one of the most sought-after neighborhoods in Southern California.