The 2-story property — a double lot no less — when completed will be worth upwards of $15 million … a stone’s throw away from the famed and touristy Venice boardwalk.
Lately, it’s been looking a lot less touristy because of the homeless crisis in the area … as tent cities piled up along the walkway for miles during the past year-plus of the pandemic. It’s so bad it’s become a humanitarian crisis, and there’s also been an alarming crime surge that goes along with it.
No matter for Margot and Tom … because they seem dead-set on finishing what they started there and moving right on in.
Fact is … they’ve probably poured a ton of cash into the project at this point, and they bought the property before the problems exploded during the pandemic.