Active Under Contract

3005 Grand Canal

Venice, CA 90291
Mark as Favorite
Bed 10

Bed

Bath 0

Bath

SqFt7,068

Sqft

SqFt5,990

Sqft(Lot)

REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. SELLER may consider FINANCING for a qualified buyer with 20% down. (ALL UNITS EXCEPT EXCEPT UNIT 4 CAN. BE DELIVERED VACENT) PRICED TO SELL 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 sophisticated 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 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,999,889

AD Id : 84716630

MLS Id : 26829101

Beds : 10

Lot Size : 5,990 Sqft

Living Area Size : 7,068

Year Built : 2010

Garage : 3

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 14

    Flooring Information

    Wood
  • Interior Features

    Ceiling Fan(s), Elevator, High Ceilings
    Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer
    Laundry Features: Stacked
    Window Features: Double Pane Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 2010
    Building Area Total: 7068
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: Canal Front
    View: Canal, Park/Greenbelt, Landmark, Water

  • Lot Information

    Main Square Feet: 5990 Lot Size Acres: 0.1375 Lot Size Square Feet: 5,990

  • Listing Price Information

    Listing Price: $4999889
    Original Price: $5698000

  • Tax Information

    Parcel Number: 4227018033

  • Parking Information

    Parking Total: 10 Assigned, Door-Multi, Garage, Garage Door Opener, Private, Side By Side

    Garage Information

    Has Garage: Yes Garage Space: 3

  • Location Information

    Direction: Two Blocks to the Beach and Venice Fishing Pier. One Block North of Washington Blvd. S.E. corner of Grand Canal & Stongs Dr Security Features: Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3932 Glencoe Avenue, Venice, CA, 90291 $4,298,000 4 6 4,325 4,325 SqFt
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 2,947 SqFt
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 3,950 SqFt
1347 Palms Boulevard, Venice, CA, 90291 $9,600,000 4 4 3,872 3,872 SqFt
2106 Glyndon Avenue, Venice, CA, 90291 $9,500,000 5 6 3,900 3,900 SqFt
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 4,275 SqFt
2452 Penmar Avenue, Venice, CA, 90291 $4,950,000 9 -- 5,486 5,486 SqFt
1531 Glencoe Avenue, Venice, CA, 90291 $4,195,000 4 5 3,240 3,240 SqFt
2515 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 3 2,801 2,801 SqFt
2513 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 -- 2,801 2,801 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/02/2026 @ 01:08

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

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