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3005 Grand Canal

Venice, CA 90291
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$4,999,889 $21,079/Mo
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Bed 10

Bed

Bath 14

Bath

SqFt7,068

Sqft

SqFt5,990

Sqft(Lot)

BACK ON MARKET BUYER DID NOT PERFORM WITHIN CONTRACTUAL TIMEFRAMES. NO FAULT OF THE PROPERTY. REO LENDER-OWNED PREMIER 5-UNIT TROPHY ASSET ON THE VENICE CANALS. PRICED TO SELL. SELLER MAY CONSIDER FINANCING FOR A QUALIFIED BUYER WITH 20% DOWN. ALL UNITS EXCEPT UNIT 4 CAN BE DELIVERED VACANT. Rare opportunity to acquire a LENDER - OWNED luxury 5-unit property on an expansive private corner lot along the iconic Venice Canals. Offered at a substantially reduced price, 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.Substantially rebuilt with high-quality materials and thoughtful architectural design, the property combines strong income potential wi th exceptional owner-user appeal.The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, multiple expansive decks, and direct canal frontage. The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to the canal-front yard, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and walk-in pantry.The private canal-front yard offers an ideal setting for entertaining and indoor-outdoor living. Upper levels feature dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. The residence is offered fully furnished and turnkey.The remaining four units are finished to a comparable standard and consist of two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each 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.Ideally located just two blocks from the beach and moments from premier dining, shopping, and entertainment, this property offers a rare combination of waterfront location, scale, income potential, owner-user flexibility, and long-term upside.An exceptional opportunity for investors seeking a high-quality income-producing coastal asset or an owner-user desiring a flagship Venice Canals residence with supplemental income.LENDER-OWNED REO PROPERTY. Listing Agent holds a partial ownership interest in the entity that owns the property. Information is deemed reliable but not guaranteed. Buyer shall independently investigate and verify all aspects of the property, including square footage, permits, zoning, condition, financial information, rental income and expenses, occupancy, and any existing or potential use, including short-term rental eligibility. Property is being sold in its present condition. Seller and Broker make no warranties or representations regarding the property or any particular use.

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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 Sq. Ft

Living Area Size : 7,068 Sq. Ft

Year Built : 2010

Garage : 3

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 14

    Flooring Information

    Wood

  • Interior Features

    CeilingFans, Elevator, HighCeilings
    Appliances: Dishwasher, Disposal, Microwave, Refrigerator, VentedExhaustFan, Dryer, Washer
    Laundry Features: Stacked
    Window Features: DoublePaneWindows

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2010
    Building Area Total: 7068
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: CanalFront
    View: Canal, ParkGreenbelt, 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

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 10 Assigned, DoorMulti, Garage, GarageDoorOpener, Private, SideBySide

    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: CarbonMonoxideDetectors,FireDetectionSystem,FireSprinklerSystem,SecurityGate,SmokeDetectors
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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 6,188 Sq. Ft
2403 Louella Avenue, Venice, CA, 90291 $2,495,000 -- -- 2,947 5,858 Sq. Ft
2445 Glyndon Avenue, Venice, CA, 90291 $4,650,000 5 5 3,950 5,850 Sq. Ft
2458 Walnut Avenue, Venice, CA, 90291 $1,795,000 3 1 1,124 5,847 Sq. Ft
1347 Palms Boulevard, Venice, CA, 90291 $9,600,000 4 4 3,872 10,898 Sq. Ft
2106 Glyndon Avenue, Venice, CA, 90291 $9,500,000 5 6 3,900 11,168 Sq. Ft
2036 Glyndon Avenue, Venice, CA, 90291 $4,995,000 5 5 4,275 5,442 Sq. Ft
1531 Glencoe Avenue, Venice, CA, 90291 $3,900,000 4 5 3,240 5,898 Sq. Ft
2515 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 3 2,801 1,866 Sq. Ft
2513 Lincoln Boulevard, Venice, CA, 90291 $2,699,000 3 -- 2,801 1,866 Sq. Ft

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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 09/18/2026 @ 09:46

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

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