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Under contract
  • $4,999,889

    3005 Grand Canal Walk, Venice, CA 90291

    10beds
    14baths
    7,068sqft
    Multi Family
    Built in 2010
    -- sqft lot
    $-- Zestimate®
    $707/sqft
    $-- HOA

    What's special

    REO Lender-Owned Premier 5-Unit Trophy Asset on the Venice Canals. SELLER may consider FINANCING for a qualified buyer with 20% down. (ALL UNITS EXCEPT EXCEPT UNIT 4 CAN. BE DELIVERED VACENT) PRICED TO SELL 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 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.
    81 days
    |
    421
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven Kay DRE # 00871704 310-770-3999,

    Nelson Shelton & Associates 310-271-2229

    Source: CLAW,MLS#: 26829101MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      • Bathrooms: 14
      Kitchen
      • Features: Gourmet Kitchen, Bar, Kitchen Island, Stone Counters, Pantry, Open to Family Room
      Heating
      • Central
      Cooling
      • Air Conditioning, Central Air
      Appliances
      • Included: Disposal, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer, Exhaust Fan, Dishwasher, Dryer
      • Laundry: In Unit, Stackable W/D Hookup, Gas Or Electric Dryer Hookup
      Features
      • Elevator, Built-in Features, Other, High Ceilings, Built-Ins, Ceiling Fan(s)
      • Flooring: Wood, Ceramic Tile, Mixed
      • Doors: Sliding Doors
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Gas, Living Room
      • Common walls with other units/homes: End Unit
      Interior area
      • Total structure area: 7,068
      • Total interior livable area: 7,068 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Assigned, Garage Door Opener, Side By Side, Garage - 3 Car, Private Garage
      • Garage spaces: 3
      Features
      • Levels: Two,Three Or More
      • Stories: 3
      • Entry location: Elevator
      • Exterior features: Balcony
      • Pool features: None
      • Spa features: Tub With Jets
      • Has view: Yes
      • View description: Canal, Park/Greenbelt, Water, Tree Top, Landmark
      • Has water view: Yes
      • Water view: Canal,Water
      • Waterfront features: Canal, Waterfront, Canal Front
      Lot
      • Size: 5,989 Square Feet
      Details
      • Additional structures: None
      • Parcel number: 4227018033
      • Zoning: LARW1
      • Special conditions: Real Estate Owned
      • Other equipment: Cable

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Updated/Remodeled
      • Year built: 2010

      Utilities & green energy

      • Sewer: In Connected and Paid
      • Water: Mutual Water Source

      Community & HOA

      Community
      • Security: Automatic Gate, Carbon Monoxide Detector(s), Security Lights, Fire and Smoke Detection System, Fire Sprinkler System, Prewired, Smoke Detector(s), Other, Alarm System
      Location
      • Region: Venice

      Financial & listing details

      • Price per square foot: $707/sqft
      • Tax assessed value: $1,690,451
      • Date on market: 5/5/2026
      • Total actual rent: 460800
      • Tenant pays: Electricity, Gas

        Foreclosure details

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,704/mo

        Price history

        DateEventPrice
        5/12/2026Listing removed$16,500$2/sqft
        Source: Zillow Rentals Report a problem
        1/8/2026Price change$16,500-5.7%$2/sqft
        Source: Zillow Rentals Report a problem
        12/8/2025Listed for rent$17,500$2/sqft
        Source: Zillow Rentals Report a problem
        9/20/2025Listing removed$17,500$2/sqft
        Source: Zillow Rentals Report a problem
        7/25/2025Listed for rent$17,500+35.7%$2/sqft
        Source: Zillow Rentals Report a problem
        11/29/2024Listing removed$12,900$2/sqft
        Source: Zillow Rentals Report a problem
        10/7/2024Price change$12,900-11%$2/sqft
        Source: Zillow Rentals Report a problem
        9/10/2024Listed for rent$14,500+0.7%$2/sqft
        Source: Zillow Rentals Report a problem
        6/5/2024Listing removed--
        Source: Zillow Rentals Report a problem
        5/28/2024Price change$14,400-3.4%$2/sqft
        Source: Zillow Rentals Report a problem
        5/13/2024Price change$14,900-3.9%$2/sqft
        Source: Zillow Rentals Report a problem
        5/7/2024Listed for rent$15,500$2/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Venice

        Getting around

        86 / 100
        Very Walkable
        94 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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