3000 Grand Canal Venice Ca

Venice, CA 90291

$7,000,000
Price
12
Beds
15
Baths
7,068 Sq. Ft.
$990 / Sq. Ft.
7,068
Sq. Ft.
$990
per Sq. Ft.

Description

Versatile owner/user or investment opportunity (Short-term or long-term tenants) located just two blocks from the beach on the charming Venice Canals. This quality 5-unit building was almost 100% newly constructed in 2010 with new foundation, new plumbing, electrical, roof, HVAC and all walls, finishes, appliances and landscaping. The current ownership who built it for themselves, went all-out with high-end finishes, fireplaces, luxury kitchens and powder room in each unit. If you're looking for...Versatile owner/user or investment opportunity (Short-term or long-term tenants) located just two blocks from the beach on the charming Venice Canals. This quality 5-unit building was almost 100% newly constructed in 2010 with new foundation, new plumbing, electrical, roof, HVAC and all walls, finishes, appliances and landscaping. The current ownership who built it for themselves, went all-out with high-end finishes, fireplaces, luxury kitchens and powder room in each unit. If you're looking for a quality income-producing property in a great location, look no further!
  1. Listed by Eric Sackler • DRE #01057377 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Susan Lau • DRE #01516710 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 3000 Grand Canal Venice Ca

Zoning
LARW1
Style
Mediterranean
Parcel Number
4227018033
Total Units
5.0
Living Area
7068
Source Living Area
Assessor
Area
Venice (C11)
Vacancy Rate
0

Location

Listing Courtesy of Coldwell Banker Realty, Eric Sackler, DRE #01057377; Coldwell Banker Realty, Susan Lau, DRE #01516710
Add your commute
LISTING UPDATED: 05/07/2024 12:01 AM

Property Details for 3000 Grand Canal Venice Ca

StatusActive
MLS #24-385753
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size0.14 AC / 5,990 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Eric Sackler, DRE #01057377; Coldwell Banker Realty, Susan Lau, DRE #01516710
Add your commute

Building Information for 3000 Grand Canal Venice Ca

Stories3Residences-Year Built2010Building Size-Lot Size0.14 AC / 5,990 SF

Payment Calculator

$39,917 per month

30 year fixed, 7.25% Interest

Principal and Interest

$38,202

Property Taxes

$1,715

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3000 Grand Canal Venice Ca

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Seller
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: APT
  • View: Yes
  • View Description: Canal
  • View: Canal
Contract Info
Contract Info
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $429,516
  • Net Operating Income: $274,172.00
  • Gross Income: $442,800
  • Gross Rent Multiplier: $15.80
  • Total Annual Expense: 155377
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1375
  • Lot Size Square Feet: 5990
Parking Details
Parking Details
  • Parking Garage: Parking Space
  • Total Parking: 9
  • Parking Features: Parking Space
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $12,500.00
  • Unit Actual Rent: $12,500.00
  • Unit Projected Rent: $16,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,900.00
  • Unit Actual Rent: $4,900.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $7,500.00
  • Unit Actual Rent: $7,500.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,212,349.00
  • Assessed Improvement Percent: 74.61
  • Assessed Land Value: $412,462.00
  • Assessed Land Percent: 25.39
  • Assessed Total Value: $1,624,811.00

Property History for 3000 Grand Canal Venice Ca

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3000 Grand Canal Venice Ca

Taxable ValueLand$412,462Additions$1,213,849Total$1,626,311
Tax Record2023$20,579 ($1,715 / month)
Home Facts
Total Finished SqFt7,068 SqFtAbove Grade Finished SqFt7,068 SqFtLot Size5,988 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningLARW1CountyLOS ANGELESAPN4227-018-033

Schools near 3000 Grand Canal Venice Ca

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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Similar Sold Homes

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3000 Grand Canal Venice Ca is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on April 29, 2024 by Coldwell Banker Realty, it's currently listed at $7,000,000. 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. 3000 Grand Canal Venice Ca is a 12-bed, 15-bath, 7,068 sqft multi-family home built in 2010.

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.

Listing Courtesy of Coldwell Banker Realty, Eric Sackler, DRE #01057377; Coldwell Banker Realty, Susan Lau, DRE #01516710

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.