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3000 Grand Canal, Venice, CA 90291
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3000 Grand Canal Venice, CA 90291

$6,595,000
  • 12 Beds
  • 12 Baths
  • 7,068 Sq.Ft.
For Sale
$6,595,000 Get Pre-Qualified
Map preview of 3000 Grand Canal, Venice, CA 90291

Property Overview: 3000 Grand Canal Venice, CA has 12 bedrooms, 12 bathrooms, 7,068 living square feet and 5,988 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: At last, a chance to own a Luxury 5 Unit complex in the renowned Venice Canals. Have you ever wanted a vacation home, but didn't want to brunt the expense while you were away? Now is your chance to occupy a unit while you have supplemental income to pay your mortgage and variable expenses! Are you just an investor looking for a multi-family property without all the maintenance and construction headache, or a 1031 buyer who doesn't want to contribute more capital after purchase? This is your chance! The property was completely rehabilitated in 2010, including new foundation, plumbing, roof, electrical, water heaters, doors/windows and more. The Front Facing unit is a 3 story 4bedx4.5bath with a private elevator, 3 car garage, stunning views of the Venice Canals and a lush private garden with large decks on every level. The remaining 4 units comprise of two 3bed/3bath units and Two 1bed/1.5bth units, each unit is equipped with central HVAC, in unit washer and dryers, fireplaces, custom cabinets, travertine counters and large pantries. The property is being sold at an in place 4.39% Cap rate and 16.41GRM with plenty of upside in rents.

Listed by Adam Kanizo | BRE #02008361 | LND Realty
Co-listed by Trevor Montano | BRE #01954164 | Compass
Last checked: 5 minutes ago | Last updated: March 16th, 2023 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
5,988
HOA Dues
$0/mo
Year built
1927
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
23247735
City
Venice
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Furnished
  • Actual Rent: $5,000
  • Total Rent: $10,000
  • Pro Forma/Market Rent: $10,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Furnished
  • Actual Rent: $13,000
  • Total Rent: $13,000
  • Pro Forma/Market Rent: $15,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Furnished
  • Actual Rent: $10,500
  • Total Rent: $10,500
  • Pro Forma/Market Rent: $12,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 16.41
  • Gross Scheduled Income: --
  • Net Operating Income: $289,836
  • Gross Operating Income: $417,480
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3000 Grand Canal

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Property Details for 3000 Grand Canal

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Family Room, Living Room
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Range, Convection Oven, Gas Cooktop
Interior Features
  • Ceiling Fan(s), Recessed Lighting
  • Levels: Multi/Split
  • Window Features: Double Pane Windows, Plantation Shutters, Custom Covering
  • Security Features: Carbon Monoxide Detector(s), Firewall(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Driveway, Garage - Three Door
Property Information
  • Has View
  • View: Canal, Hills
  • Total # of Units: 5
  • Parcel Number: 4227018033
  • Foundation Details: Combination
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Strongs Dr and W Washington Blvd.
View more facts & features

Local Venice Agent

Sale History for 3000 Grand Canal

Last sold on December 14th, 2018

  • March, 2023

  • Mar 10, 2023

    Date

    Canceled

    CRMLS: 22170401

    $6,795,000

    Price

  • Jun 21, 2022

    Date

    Active

    CRMLS: 22170401

    $6,995,000

    Price

  • Listing provided courtesy of CRMLS

    Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 2 blocks from the Ocean and minutes from famous Abbott Kinney, Marina Del Rey, Venice boardwalk and all the best Restaurants/hotspots Venice has to offer. Front 3 Story Home boasts sweeping Views of the Venice Canals and Santa Monica mountains from every level. 4BR l 4.5BA Owners unit has private elevator, front lush private garden with decks on every level, perfect for entertaining. Beautiful open chefs kitchen with Island, custom cabinets, Travertine counters, large pantry and Stainless-steel appliances throughout opening up to the Canal front garden through French doors perfect for a large Family and entertaining. Large open Living room and dining area with fireplace. Second and third levels have 2 Master suites with spacious walk-in closets, Luxurious Master bathrooms, Seating area and fireplace lead to private decks through sliding doors each with Fantastic Views down the Venice canals. Other 4 Units all comparably appointed consisting of 2x 3BR l 3BA units, and 2x 1BR l 1.5BA units. All with central A/C, heat and fireplaces. Current Gross Income of $405,120/year and Cap Rate of 4.16.

  • March, 2023

  • Mar 8, 2023

    Date

    Active

    CRMLS: 23247735

    $6,595,000

    Price

  • June, 2022

  • Jun 22, 2022

    Date

    Canceled

    CRMLS: 21105791

    $7,295,000

    Price

  • Nov 19, 2021

    Date

    Active

    CRMLS: 21105791

    $7,295,000

    Price

  • Listing provided courtesy of CRMLS

    Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 2 blocks from the Ocean and minutes from famous Abbott Kinney, Marina Del Rey, Venice boardwalk and all the best Restaurants/hotspots Venice has to offer. Front 3 Story Home boasts sweeping Views of the Venice Canals and Santa Monica mountains from every level. 4BR l 4.5BA Owners unit has private elevator, front lush private garden with decks on every level, perfect for entertaining. Beautiful open chefs kitchen with Island, custom cabinets, Travertine counters, large pantry and Stainless-steel appliances throughout opening up to the Canal front garden through French doors perfect for a large Family and entertaining. Large open Living room and dining area with fireplace. Second and third levels have 2 Master suites with spacious walk-in closets, Luxurious Master bathrooms, Seating area and fireplace lead to private decks through sliding doors each with Fantastic Views down the Venice canals. Other 4 Units all comparably appointed consisting of 2x 3BR l 3BA units, and 2x 1BR l 1.5BA units. All with central A/C, heat and fireplaces. Current Gross Income of $414,000/year and Cap Rate of 3.5%.

  • August, 2021

  • Aug 12, 2021

    Date

    Price Change

    CRMLS: 21716268

    $7,595,000

    Price

  • Jul 12, 2021

    Date

    Price Change

    CRMLS: 21716268

    $7,895,000

    Price

  • Apr 24, 2021

    Date

    Active

    CRMLS: 21716268

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Best buy on the Venice Canals just about 1 block to the beach. This trophy property was rebuilt from the ground up in 2010. The owners unit is an elegant 3 story retreat with an elevator and features 4 bedrooms and 4.5 bathrooms and has spacious decks on the 2nd and 3rd floor. You have incredible views of the canals and views from the Santa Monica Mountains to Marina del Rey. Right on the border of Marina del Rey, take advantage of everything the yacht harbor has to offer. This luxurious retreat is perfect to owner occupy or earn for top dollar as a vacation rental. The kitchen features high end stainless steel appliances, travertine countertops, custom cabinetry and walk in pantry. Also, on the first floor you'll find the dining area, living room with fireplace, powder room, 3 car garage and the entrance to the elevator. The grassy front yard is a great place for barbecues. On the 2nd floor you'll find spacious guest bedrooms and 2 master suites. The 4 other units are comprised of (2) 3 bedrooms, 3 baths and (2) 1 bedroom, 1.5 baths all with stainless appliances, washer and dryer, central air and heat and a fireplace. Over 25 restaurants and coffee shops within 2 blocks. Just minutes to Washington Square, the boardwalk, pier and the famed 28-mile bike path.

  • April, 2021

  • Apr 1, 2021

    Date

    Expired

    CRMLS: OC20155082

    $8,250,000

    Price

  • Feb 2, 2021

    Date

    Price Change

    CRMLS: OC20155082

    $8,250,000

    Price

  • Dec 13, 2020

    Date

    Price Change

    CRMLS: OC20155082

    $8,150,000

    Price

  • Oct 29, 2020

    Date

    Price Change

    CRMLS: OC20155082

    $8,250,000

    Price

  • Oct 16, 2020

    Date

    Price Change

    CRMLS: OC20155082

    $5,100,000

    Price

  • Sep 11, 2020

    Date

    Price Change

    CRMLS: OC20155082

    $5,000,000

    Price

  • Aug 21, 2020

    Date

    Active

    CRMLS: OC20155082

    $6,000,000

    Price

  • Listing provided courtesy of CRMLS

    Venice Investors Premiere Opportunity - A Once in a Lifetime Chance to Own a 5 Unit Luxury Property on the Historic Venice Canal Front. Located just steps to the World Renowned Venice Washington Square, Boardwalk and Pier. This Beautiful Mediterranean Style Building is a Crown Jewel of the Venice Canals. The Owners Unit is an Elegant Three Story Mediterranean Retreat with an Elevator and faces the Canal with Incredible Views of the Historic Venice / Canal Area and Views from Marina del Rey to Santa Monica to Beverly Hills and the Beautiful Foothills and beyond. Composed of 4 Beautiful very spacious Bedrooms and 4.5 Luxurious Bathrooms. This Luxurious Retreat is perfect to live in or to earn top dollars on the Canal. Luxury throughout Starts in the Large Mediterranean Gourmet Custom Kitchen with Views out into the Front Yard and Canal Area. The Gourmet Kitchen is finished with Beautiful High End Stainless Steel Appliances, Travertine Countertops, Back Splashes and Flooring with warm Custom Cabinetry and Stainless Steel Pulls. Also on the first floor you find the Luxurious Dinning area, Living Room/Family Room, Fire place, Restroom, 3 Car Garage and entrance to the Elevator. The 2nd & 3rd Floors Boast of Spacious Bedrooms & Bathrooms with 2 Master Suites. 4 more units. 2, 3B 3B and 2, 1B 1.5B all with Luxurious Mediterranean interiors as well.

  • June, 2020

  • Jun 7, 2020

    Date

    Expired

    CRMLS: 20540966

    $8,595,000

    Price

  • May 12, 2020

    Date

    Hold

    CRMLS: 20540966

    $8,595,000

    Price

  • Mar 11, 2020

    Date

    Price Change

    CRMLS: 20540966

    $8,595,000

    Price

  • Jan 7, 2020

    Date

    Active

    CRMLS: 20540966

    $8,799,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing 3 story luxury building. This trophy property is located in the Canal district steps to the Venice Pier & Boardwalk. Walk to everything. The property has amazing views of Grand Canal from the upper levels. The corner lot is roughly double the average Canal lot. The current owners built this property for their own use and did not skimp on finishes. The owner's unit feels like a private custom-built home. As you enter from the front you have a private gated front lawn across from the canal. On the first level you have the kitchen living room, fireplace, powder room, storage closets, and entry to the private garage. A Chefs kitchen features custom-cabinetry, large island, granite counters, Viking Range, & a wine cooler. All 3 levels are accessible by the elevator. The 2nd level features a spacious canal front master bedroom that boasts a a sitting room, jacuzzi tub and oversized walk in closet. The two other large bedrooms all have full ensuite bathrooms.

  • December, 2018

  • Dec 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 1998

  • Apr 1, 1998

    Date

    Sold (Public Records)

    Public Records

    $478,000

    Price

Show More

Tax History for 3000 Grand Canal

Assessed Value (2020): $1,547,207
Year Land Value Improved Value Assessed Value
2020 $392,382 $1,154,825 $1,547,207

Home Value Compared to the Market

This property vs the competition

3000 Grand Canal is listed 133.45% higher than the median list price for the city of Venice which has a median list price of $2,825,000. The median price per/sqft for Venice is $1,237 and this home is listed at $933.08 per/sqft which puts the price per square foot 24.57% lower than the median price per square foot for the city of Venice.

About 3000 Grand Canal

Detailed summary of property

3000 Grand Canal is a multi family located in Venice, CA 90291 and is currently for sale. This multi family property offers 12 bedrooms, 12 bathrooms, roughly 7,068 living square feet, and sits on an approximately 5,988 square foot lot. 3000 Grand Canal was first listed on ArdentRealEstateGroup.com on March 9, 2023. The homeowner is currently asking $6,595,000. The median priced home in Venice is $2,825,000 with a median price per square foot of $1,237. Based on Ardent Real Estate Group's Venice Market Data, this home is listed 133.45% higher than the median priced home. Local competing homes currently for sale include 814 3rd St, 10883 Rose Ave and 3704 Glendon Ave. While the average home in Venice, CA is selling in 99 days, 3000 Grand Canal has a days on market of 23 days. There are currently 102 homes for sale in the Venice real estate market and 87 of them are single family homes while 9 of them are condos and 6 are townhomes. For more information on this home for sale at 3000 Grand Canal Venice, CA 90291 contact Ardent Real Estate Group and we will put you in touch with one of our Venice agents.

Public Facts for 3000 Grand Canal

Public county record property details
Beds
10
Baths
14
Year built
1927
Sq. Ft.
7,068
Lot Size
5,988
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
63,64
APN
4227-018-033

The source for these homes facts are from public records.

90291 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,995,000
Median List Price/Sq.Ft.
$1,252
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$1,040
Total Inventory
95
Median Sale to List Price %
88.93%
Avg Days on Market
37
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (21.43%), Other (7.14%)

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Venice Agent
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Buy this home with Ardent Real Estate Group and get $19,785 back.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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