3005 Grand Canal, Venice, CA 90291
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
3005 Grand Canal,Venice, CA 90291
$4,999,889
- 10 Beds
- 14 Baths
- 7,068 sq. ft.
- Multi-family
- Active
Listed by: steven kay
Office: nelson shelton & associates310-271-2229
MLS#:26829101
Source:CRMLS
Price summary
- Price:$4,999,889
- Price per sq. ft.:$707.4
About this home
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 with 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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Home facts
- Year built:2010
- Listing ID #:26829101
- Added:102 day(s) ago
- Updated:September 25, 2026 at 11:29 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:14
- Flooring:Wood
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
- Living area:7,068 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2010
- Building area:7,068 sq. ft.
- Lot area:0.14 Acres
- Levels:2 Story
Utilities
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$4,999,889
- Price per sq. ft.:$707.4
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
- Amenities:Carbon Monoxide (CO2) Detector, Ceiling Fans, Elevator, High Ceilings
Parking
- Total parking spaces:10
- Parking description:Assigned, Door-Multi, Garage, Garage Door Opener, Private, Side By Side
- Garage:Yes
- Garage spaces:3
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