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Sharon Baluku

sharon@omwoyo.com +1(323) 381-0266

$ 4,999,888

Est. payment -/mo

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Price Dropped by $698K

3000 Grand Canal Venice, CA 90291

10 Beds

14 Baths

7,068 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,068 sqft

Price per Sqft $707

MLS Listing ID 26829101

Style Contemporary Mediterranean

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 2010

Lot Size 5,990 Sqft

Acres 0.1375

Property Sub-Type Multi-Family

Property Description

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 reduction, 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.This substantially rebuilt newer-construction asset, built with high-quality materials and thoughtful architectural design, offers strong income potential and exceptional owner-user appeal. The centerpiece is a sophisticated 4-bedroom, 5-bath waterfront residence featuring a private elevator, 3-car garage, and multiple expansive decks with direct canal exposure.The open, modern floor plan includes a formal living room with fireplace and custom built-ins, a dining area with French doors opening to a canal-front yard for seamless indoor-outdoor living, and a chef's kitchen with custom cabinetry, travertine countertops, stainless steel appliances, center island with bar seating, and a walk-in pantry.The private yard is ideal for entertaining. Upper levels offer dual primary suites with spa-style bathrooms, fireplaces, seating areas, and private balconies overlooking the canals. Delivered fully furnished and turnkey.The remaining four units are finished to a comparable standard and include two 3-bedroom, 3-bath townhouse-style residences and two 1-bedroom, 1.5-bath single-level units. Each unit 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. Panoramic views include the Venice Canals.Ideally located just two blocks from the beach and moments from premier dining, retail, and entertainment.Suitable for both investors seeking a high-quality income-producing asset and owner-users desiring a flagship coastal residence with supplemental income. Exceptional value-add and repositioning potential in a highly sought-after waterfront location. Lender-owned REO property. Listing Agent holds a partial ownership interest in the entity that owns the property. Information provided is deemed reliable but not guaranteed. Buyer to independently verify all aspects of the property, including square footage, permits, zoning, financials, and any potential use, including short-term rental eligibility. Property is sold in its present condition. Seller and Broker make no warranties or representations.

Location

State CA

County Los Angeles

Area Venice

Zoning LARW1

Rooms

Other Rooms None

Kitchen Gourmet Kitchen, Granite Counters, Island, Stone Counters, Pantry, Open to Family Room

Interior

Interior Features Elevator, Built-Ins, Other, High Ceilings (9 Feet+)

Heating Central

Cooling Air Conditioning, Central

Flooring Wood, Ceramic Tile, Mixed

Fireplaces Type Gas, Living Room

Equipment Alarm System, Built-Ins, Garbage Disposal, Elevator, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer, Hood Fan, Gas Or Electric Dryer Hookup, Cable, Ceiling Fan, Dishwasher, Dryer

Laundry In Unit

Exterior

Parking Features Assigned, Door Opener, Side By Side, Garage - 3 Car, Private Garage

Garage Spaces 10.0

Pool None

Waterfront Description Canal

View Y/N Yes

View Canal, Green Belt, Water, Tree Top, Landmark

Building

Story 3

Sewer In Connected and Paid

Water Mutual Water Source

Architectural Style Contemporary Mediterranean

Level or Stories Two, Three Or More

Construction Status Updated/Remodeled

Others

Special Listing Condition Real Estate Owned

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Nelson Shelton & Associates

Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

Sharon Baluku

3000 Grand Canal Venice, CA 90291

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3000 Grand Canal