2814 Grand Canal

Venice, CA 90291

$6,250,000
Price
8
Beds
4
Baths
2,772 Sq. Ft.
$2,255 / Sq. Ft.
2,772
Sq. Ft.
$2,255
per Sq. Ft.

Description

DREAMY FOUR-PLEX nestled along the picturesque Venice Canal, this is an incredible income opportunity for INVESTORS OR OWNER/USER. Each unit has 2 bedrooms and 1 bathroom, with a single car garage assigned to each unit, and laundry! This stunning property stands as a beacon of modern elegance and convenience with each unit, meticulously redesigned, offering a harmonious blend of luxury and functionality. Step inside any of the units, and you're greeted by spaciousness and sophistication. The open...DREAMY FOUR-PLEX nestled along the picturesque Venice Canal, this is an incredible income opportunity for INVESTORS OR OWNER/USER. Each unit has 2 bedrooms and 1 bathroom, with a single car garage assigned to each unit, and laundry! This stunning property stands as a beacon of modern elegance and convenience with each unit, meticulously redesigned, offering a harmonious blend of luxury and functionality. Step inside any of the units, and you're greeted by spaciousness and sophistication. The open floor plan seamlessly integrates the living, dining, and kitchen areas, adorned with tasteful finishes and flooded with natural light. With two bedrooms and one bath, every unit provides ample space for comfortable living. Convenience is key at this property, with each unit featuring its own single-car garage and laundry facilities, ensuring hassle-free living for residents. Outside, the landscape has been completely revitalized, with lush greenery and vibrant flowers creating a serene oasis along the canal. An expansive front yard offers plenty of space for relaxation or outdoor activities, while built-in BBQs provide the perfect setting for alfresco dining and entertaining. The demand for quality housing in this coveted location is consistently high, making this property an attractive prospect for both short-term and long-term rental strategies. Don't miss this incredible investment opportunity!
  1. Listed by Paige Ogden • DRE #02060052 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Emma Russell • DRE #02007330 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 2814 Grand Canal

Water Front
Canal
Zoning
LARW1
Parcel Number
4227019012
Total Units
4.0
Living Area
2772
Source Living Area
Vendor Enhanced
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Pardee Properties, Paige Ogden, DRE #02060052; Pardee Properties, Emma Russell, DRE #02007330
Add your commute
LISTING UPDATED: 05/16/2024 11:30 AM

Property Details for 2814 Grand Canal

StatusActive
MLS #24-350911
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.12 AC / 5,266 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Paige Ogden, DRE #02060052; Pardee Properties, Emma Russell, DRE #02007330
Add your commute

Building Information for 2814 Grand Canal

Stories2Residences-Year Built1948Building Size-Lot Size0.12 AC / 5,266 SF

Payment Calculator

$37,954 per month

30 year fixed, 7.25% Interest

Principal and Interest

$34,109

Property Taxes

$3,845

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2814 Grand Canal

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • View: Yes
  • View Description: Canal, Tree Top
  • View: Canal
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Listing Broker Advantage, Coastal Commission Restrictions
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $249,000
  • Net Operating Income: $149,400.00
  • Gross Income: $249,000
  • Cap Rate: 2.39%
  • Gross Rent Multiplier: $25.10
  • Financial Info as Of: 05/08/2024
  • Total Annual Expense: 99600
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Paved: Yes
  • Lot Acreage: 0.1209
  • Lot Size Square Feet: 5266
  • Lot Features: Yard, Front Yard, Lawn, Landscaped
  • Lot Description: Yard, Front Yard, Lawn, Landscaped
  • Lot Location: Canal, City
Parking Details
Parking Details
  • Parking Garage: Assigned, Detached, Driveway, Garage - 1 Car, Garage
  • Total Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Parking Features: Assigned, Driveway, Garage - Single Door, Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Primary Bathroom, Living Room, Walk-In Closet
  • Rooms: Breakfast Area, Dining Area, Master Bedroom, Living Room, Walk-In Closet
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Vinyl, Vinyl Plank
  • Equipment: Dryer, Microwave, Garbage Disposal, Washer, Refrigerator, Ceiling Fan, Dishwasher
  • Interior Features: Drywall Walls, Living Room Balcony, Turnkey, Recessed Lighting, Mirrored Closet Door(s)
  • Kitchen Features: Counter Top
  • Room Bathroom Features: Remodeled, Shower
  • Bathroom Features: Remodeled, Shower Stall
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Range, Microwave, Built-In And Free Standing
  • Laundry: Outside, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Door Features: Sliding Doors
  • Patio Features: Balcony, Deck(s), Porch - Front, Living Room Balcony, Wood, Living Room Deck Attached
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Balcony, Sliding Glass Doors
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-22-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,100.00
  • Unit Actual Rent: $5,100.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,150.00
  • Unit Actual Rent: $5,150.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $5,100.00
  • Unit Actual Rent: $5,100.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,850.00
  • Unit Actual Rent: $4,850.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number Refrigerator: 4
  • Number Wall AC: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,155,178.00
  • Assessed Improvement Percent: 30.3
  • Assessed Land Value: $2,656,913.00
  • Assessed Land Percent: 69.7
  • Assessed Total Value: $3,812,091.00
  • Private Transfer Taxes: No

Property History for 2814 Grand Canal

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2814 Grand Canal

Taxable ValueLand$2,656,913Additions$1,155,178Total$3,812,091
Tax Record2023$46,141 ($3,845 / month)
Home Facts
Total Finished SqFt2,772 SqFtAbove Grade Finished SqFt2,772 SqFtLot Size5,264 SqFtStyleQuadraplexYear Built1948ZoningLARW1CountyLOS ANGELESAPN4227-019-012

Schools near 2814 Grand Canal

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Coeur D'Alene Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Westside Global Awareness Magnet
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2814 Grand Canal is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on February 22, 2024 by Pardee Properties, it's currently listed at $6,250,000. It has been on the market for a total of 90 days and was last sold on February 24, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Coeur D'Alene Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 2814 Grand Canal is a 8-bed, 4-bath, 2,772 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pardee Properties, Paige Ogden, DRE #02060052; Pardee Properties, Emma Russell, DRE #02007330

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.