Canal-Front 5-Unit Multifamily
For Sale
Under Contract
$4,999,889
3005 Grand Canal, Venice, CA 90291
MULTI_FAMILY - Venice, CA
Property Size7,068 SF
Lot Size0.14 Acres
Price / SF$707.40
Days on Market88
Property Features for 3005 Grand Canal
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARW1
Bedrooms
10
Bathrooms
14
Full bathrooms
15
Rooms
Bathroom 14, Bedroom 9, Bathroom 12, Bathroom 8, Bathroom 6, Bedroom 2, Bedroom 10, Bathroom 10, Bathroom 7, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 9, Bathroom 15, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 7, Bathroom 1, Bathroom 13, Bathroom 11, Bathroom 4, Bathroom 5
Parking
10
Parking features
Side By Side, Open, Assigned, Garage
Security features
Security Lighting
Window features
Double Pane Windows
Interior features
Elevator, Built-Ins, High Ceilings (9 Feet+)
Fireplace
1
Accessibility
Accessible Elevator Installed
View
Water
Directions
Two Blocks to the Beach and Venice Fishing Pier. One Block North of Washington Blvd. S.E. corner of Grand Canal & Stongs Dr
Subdivision
Venice
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active Under Contract
APN
4227-018-033
Size
7,068 SF
Lot size
0.14 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2010
Floors in Building
3
Number of units
5
Flooring type
Mixed, Tile - Ceramic, Wood
Architectural style
Contemporary
Listing Agency:
Nelson Shelton & Associates
(310) 271-2229
Listed By:
Steven Kay · License #00871704
(310) 770-3999
Added: May 4
Changed: Jul 28
Last Checked: Jul 30 at 7:06PM
MLS# 26829101
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This lender-owned, REO 5-unit multifamily property is a substantially rebuilt newer-construction asset set on a private corner lot with Venice Canals exposure. The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence with a private elevator, a 3-car garage, and multiple expansive decks with direct canal exposure. The home offers an open, modern layout with a formal living room featuring a fireplace and custom built-ins, a dining area with French doors to a canal-front yard, and a chef’s kitchen with custom cabinetry, travertine countertops, stainless steel appliances, a center island with bar seating, and a walk-in pantry. The private yard is designed for entertaining, and upper levels include dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. The main residence is delivered fully furnished and turnkey. The remaining four units include two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units, each with central HVAC, in-unit laundry, fireplaces, travertine finishes, generous storage, and high-end appliances.
The property is located along the Venice Canals and is described as being about two blocks from the beach, with nearby dining, retail, and entertainment. It also includes a total of 10 parking spaces, featuring the 3-car garage for the main residence and seven additional spaces.
For tenants and operators, the unit mix combines a larger waterfront owner-user residence with four additional rental units, each supported by central HVAC and in-unit laundry. For buyers, it offers a turnkey main residence along with four additional units delivered to a comparable high standard, subject to verification of all aspects including zoning, permits, and any potential use. The seller may consider financing for a qualified buyer with 20% down, and all units except Unit 4 can be delivered vacant.
The property is located along the Venice Canals and is described as being about two blocks from the beach, with nearby dining, retail, and entertainment. It also includes a total of 10 parking spaces, featuring the 3-car garage for the main residence and seven additional spaces.
For tenants and operators, the unit mix combines a larger waterfront owner-user residence with four additional rental units, each supported by central HVAC and in-unit laundry. For buyers, it offers a turnkey main residence along with four additional units delivered to a comparable high standard, subject to verification of all aspects including zoning, permits, and any potential use. The seller may consider financing for a qualified buyer with 20% down, and all units except Unit 4 can be delivered vacant.
Key Highlights
- Built in 2010: 5‑unit contemporary multi‑unit property with elevator and 9‑ft+ ceilings
- Waterfront Venice Canals exposure with multiple expansive decks and a formal living room fireplace
- Main residence includes a private elevator, 4 bedrooms, 5 bathrooms, and a 3‑car garage
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Lender-owned, substantially rebuilt 5-unit property with a canal-front main residence and multiple high-finish rental units.
Where is this apartment building located?
The property is located at 3005 Grand Canal Venice, CA.
What is the asking price?
The asking price for this property is $4,999,889.
What are key features of this property?
This property features: Built in 2010: 5‑unit contemporary multi‑unit property with elevator and 9‑ft+ ceilings; Waterfront Venice Canals exposure with multiple expansive decks and a formal living room fireplace; Main residence includes a private elevator, 4 bedrooms, 5 bathrooms, and a 3‑car garage
