Search
Waterfront 5-Unit Apartment Building
For Sale
$4,999,889

3005 Grand Canal, Venice, CA 90291

Five-unit canal-front property with varied residential layouts, private outdoor spaces, and flexible occupancy for four units.

Property Size7,068 SF
Price / SF$707.40
Days on Market107

Property Features for 3005 Grand Canal

General Information

Standard status Active
Size 7,068 SF
Total Parking Spaces 10
Elevators Yes
Property subtype Multi-family

Units

Unit Mix 1 x 4BR/5BA, 2 x 3BR/3BA, 2 x 1BR/1.5BA
Multifamily Units 5

Amenities

decks
canal frontage
fireplace
custom built-ins
chef's kitchen
in-unit laundry
central HVAC
travertine finishes
high-end appliances

Building Details

Year Built 2010
Listing Agency: Nelson Shelton & Associates
Listed By: Steven Kay
Source: Sevengables
Added: May 2 Changed: Aug 15 Last Checked: Aug 15 at 12:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nelson Shelton & Associates

Investment Insights

Based on property information with market context.

Built in 2010, this 7,068-square-foot apartment property at 3005 Grand Canal includes five residences on a private corner lot along the Venice Canals. The unit mix comprises one 4-bedroom, 5-bath waterfront residence, two 3-bedroom, 3-bath townhouse-style units, and two 1-bedroom, 1.5-bath single-level units. The primary residence includes an elevator, 3-car garage, canal-facing decks, a fireplace, chef’s kitchen, and furnished interiors. The other residences feature central HVAC, in-unit laundry, fireplaces, travertine finishes, storage, and high-end appliances.

The property includes direct canal frontage, a canal-front yard, and 10 total parking spaces, including seven spaces beyond the main residence’s garage. Four units can be delivered vacant, while Unit 4 remains occupied. The Venice Beach is two blocks away, with dining, shopping, and entertainment nearby.

Key Highlights

  • 5‑unit apartment property on the Venice Canals
  • 7,068 square feet on a private corner lot
  • Unit mix includes one 4‑bedroom, 5‑bath residence, two 3‑bedroom, 3‑bath units, and two 1‑bedroom, 1.5‑bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Nursing Home Butcher Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

2,598
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit canal-front property with varied residential layouts, private outdoor spaces, and flexible occupancy for four 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: 5‑unit apartment property on the Venice Canals; 7,068 square feet on a private corner lot; Unit mix includes one 4‑bedroom, 5‑bath residence, two 3‑bedroom, 3‑bath units, and two 1‑bedroom, 1.5‑bath units
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message