$4,999,888
-$698,1123000 Grand Canal, Venice CA 90291
Multi-Family (5 Units)
Property type
32 days
On market
$707
Price per sqft
3 cars
Garage
2010
Year built
5,990 sqft
Lot size
Home highlights
Open Houses
Overview
Massive Price Reduction REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. Rare opportunity to acquire a lender-owned luxury multi-unit property situated on an expansive, private corner lot along the iconic Venice Canals. Now offered with a massive price...
Listing provided by: Steven Kay DRE #00871704 310-770-3999, Nelson Shelton & Associates
Listing updated: May 26, 2026 at 09:18pm.
Last checked: Jun 3, 2026 at 09:01pm
Source: CRMLS #26829101
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 4 | 5 | — | $16,000 | $16,000 | $20,000 | Furnished |
| 1 | 1 | 2 | — | $4,700 | $4,700 | $5,000 | Furnished |
| 1 | 1 | 2 | — | $5,400 | $5,400 | $6,000 | Furnished |
| 1 | 3 | 3 | — | $4,500 | $4,500 | $8,000 | Unfurnished |
| 1 | 3 | 3 | — | $7,800 | $7,800 | $9,000 | Furnished |
# of Buildings: 1
# of Units Total: 5
Dishwasher: 5
Disposal: 5
Refrigerator: 5
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.9x
List Price / Annual Gross Rent
Cap Rate
6%
NOI / List Price
Net Operating Income: $345,500
Interior
Interior Features: Ceiling Fans, Elevator, High Ceilings
Flooring: Wood
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer
Fireplace: Gas, Living Room
Laundry: Stacked, Dryer Included, Washer Included
Entry Location: Elevator
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Two, Three Or More
Door Features: Sliding Doors
Window Features: Double Pane Windows
Property Condition: Updated Remodeled
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors, Fire Detection System, Fire Sprinkler System, Security Gate, Smoke Detectors
Pool: None
Sewer: Sewer Tap Paid
View: Canal, Park Greenbelt, Landmark, Water
Waterfront Features: Canal Front
Garage and Parking
Parking: Assigned, Door Multi, Garage, Garage Door Opener, Private, Side By Side
Garage Spaces: 3
Parking Total: 10
Lot Information
Land Lease: No
Parcel #: 4227018033
Zoning: LARW1
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 3000 Grand Canal, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,999,910
Total Interest
$5,101,665
Total Payment
$9,101,576
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,640
per month
Property History for 3000 Grand Canal
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
Similar Homes
Listings with similar prices to 3000 Grand Canal