Active

3000 Grand Canal

Venice, CA 90291

$4,999,888 $21,079/Mo

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Overview

Bed

Bath

7,068

Sqft

5,990

Sqft(Lot)

Description

Massive Price Reduction REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. Rare opportunity to acquire a lender-owned luxury multi-unit property situated on an expansive, private corner lot along the iconic Venice Canals. Now offered with a massive price reduction, this exceptional coastal asset presents a compelling opportunity for investors, owner-users, and value-add buyers seeking a trophy property in one of Venice's most desirable waterfront locations.This substantially rebuilt newer-construction asset, built with high-quality materials and thoughtful architectural design, offers strong income potential and exceptional owner-user appeal. The centerpiece is a sophisti cated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, and multiple expansive decks with direct canal exposure.The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to a canal-front yard for seamless indoor-outdoor living, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and a walk-in pantry.The private yard is ideal for entertaining. Upper levels offer dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. Delivered fully furnished and turnkey.The remaining four units are finished to a comparable standard and include two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each unit features central HVAC, in-unit laundry, fireplaces, travertine finishes, generous storage, and high-end appliances.The property offers a total of 10 parking spaces, including a 3-car garage for the main residence and seven additional spaces. Panoramic views include the Venice Canals.Ideally located just two blocks from the beach and moments from premier dining, retail, and entertainment.Suitable for both investors seeking a high-quality income-producing asset and owner-users desiring a flagship coastal residence with supplemental income. Exceptional value-add and repositioning potential in a highly sought-after waterfront location. Lender-owned REO property. Listing Agent holds a partial ownership interest in the entity that owns the property. Information provided is deemed reliable but not guaranteed. Buyer to independently verify all aspects of the property, including square footage, permits, zoning, financials, and any potential use, including short-term rental eligibility. Property is sold in its present condition. Seller and Broker make no warranties or representations.

Property Details

Property Type : Residential Income

Price : $4,999,888

AD Id : 77976714

MLS Id : 26829101

Beds : 10

Lot Size : 5,990 Sqft

Living Area Size : 7,068

Year Built : 2010

Garage : 3

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 10

Bathroom Information

Total Baths: 14 Full Baths: 0 Half Baths: 0

Water/Sewer

Sewer: Sewer Tap Paid
Interior Features

Interior Features: Ceiling Fan(s),Elevator,High Ceilings Windows: Double Pane Windows Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Vented Exhaust Fan,Dryer,Washer Fireplace: Gas,Living Room Flooring: Wood
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Fireplace

Fireplace Features: Gas,Living Room Has Fireplace: 1

Building Information

Year Built: 2010 Building Area Total: 7,068
Security Features

Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Smoke Detector(s)
Pool Features

None

Laundry Features

Stacked

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1375
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5990

Listing Price Information

Original List Price: 4,999,888 Listing Contract Date: 2026-05-04
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 4227018033

Garage and Parking

Garage Description: Assigned,Door-Multi,Garage,Garage Door Opener,Private,Side By Side

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: C11 - Venice Postal Code Plus 4: 4553 Directions: Two Blocks to the Beach and Venice Fishing Pier. One Block North of Washington Blvd. S.E. corner of Grand Canal & Stongs Dr Zoning: LARW1 Source Property Type: Residential Income Area: C11 - Venice
Building and Construction

Property Age: 16 Common Walls: 1 Common Wall Property Condition: Updated/Remodeled Year Built Source: Other Total Square Feet Living: 7068 Entry Location: Elevator Property Attached: Yes Levels or Stories: Two,Three Or More Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3932 Glencoe Avenue, Venice, CA, 90291	$4,299,000	4	6	4,325	4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291	$2,495,000	--	--	2,947	2,947 SqFt
2478 Glyndon Avenue, Venice, CA, 90291	$1,850,000	4	2	2,807	2,807 SqFt
2040 Glencoe Avenue, Venice, CA, 90291	$4,748,000	4	4	3,800	3,800 SqFt
2445 Glyndon Avenue, Venice, CA, 90291	$4,650,000	5	5	3,950	3,950 SqFt
2026 Louella Avenue, Venice, CA, 90291	$4,095,000	4	4	3,400	3,400 SqFt
2477 Walnut Avenue, Venice, CA, 90291	$1,885,000	4	2	1,398	1,398 SqFt
1347 Palms Boulevard, Venice, CA, 90291	$9,600,000	4	4	3,872	3,872 SqFt
2013 Louella Avenue, Venice, CA, 90291	$3,648,000	4	4	3,175	3,175 SqFt
2036 Glyndon Avenue, Venice, CA, 90291	$4,995,000	5	5	4,275	4,275 SqFt

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ByOwner last updated this listing 06/07/2026 @ 19:00

MLS: 26829101 LISTED BY: Steven Kay, Nelson Shelton & Associates 310-271-2229 SOURCE: CRMLS