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3000 Grand Canal

Venice, CA 90291
  • $7,295,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 21-105791
UPDATED: 57 min ago
$7,295,000
  • 12
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,068
    SQFT
  • $1,032
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:
Area:

School Ratings & Info

Description

Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 3 blocks from the Ocean and minutes from famous Abbott Kinney, Marina Del Rey, Venice boardwalk and all the best Restaurants/hotspots Venice has to offer. Front 3 Story Home boasts sweeping Views of the Venice Canals and Santa Monica mountains from every level. 4BR l 4.5BA Owners unit has private elevator, front lush private garden with decks on every level, perfect for entertaining. Beautiful open chefs kitchen with Island, custom cabinets, Travertine counters, large pantry and Stainless-steel appliances throughout opening up to the Canal front garden through French doors perfect for a large Family and entertaining. Large open Living room and dining area with fireplace. Second and third levels have 2 Master suites with spacious walk-in closets, Luxurious Master bathrooms, Seating area and fireplace lead to private decks through sliding doors each with Fantastic Views down the Venice canals. Other 4 Units all comparably appointed consisting of 2x 3BR l 3BA units, and 2x 1BR l 1.5BA units. All with central A/C, heat and fireplaces. Current Gross Income of $380,000/year and Cap Rate of 3.3%.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T19:43:44.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/123424364
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3000 Grand Canal Venice, CA 90291

  • Price: $7,295,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 57 min ago
  • MLS #: 21-105791
12
Beds
0
Baths
0
½ Baths
0.14
Acres
7,068
SQFT
$1,032
$/SQFT
1927
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 3 blocks from the Ocean and minutes from famous Abbott Kinney, Marina Del Rey, Venice boardwalk and all the best Restaurants/hotspots Venice has to offer. Front 3 Story Home boasts sweeping Views of the Venice Canals and Santa Monica mountains from every level. 4BR l 4.5BA Owners unit has private elevator, front lush private garden with decks on every level, perfect for entertaining. Beautiful open chefs kitchen with Island, custom cabinets, Travertine counters, large pantry and Stainless-steel appliances throughout opening up to the Canal front garden through French doors perfect for a large Family and entertaining. Large open Living room and dining area with fireplace. Second and third levels have 2 Master suites with spacious walk-in closets, Luxurious Master bathrooms, Seating area and fireplace lead to private decks through sliding doors each with Fantastic Views down the Venice canals. Other 4 Units all comparably appointed consisting of 2x 3BR l 3BA units, and 2x 1BR l 1.5BA units. All with central A/C, heat and fireplaces. Current Gross Income of $380,000/year and Cap Rate of 3.3%.
Exterior Features

Covered Parking 3 Lot Size Area 5988 Other Structures None Parking Garage Garage - 3 CarGarage Is Attached Total Parking 10 View Description CanalCity LightsCanyonCoastline View YN Yes Water Frontage Canal

Interior Features

Baths Total 15.00 Cooling Central Equipment Built-InsDryerDishwasherElevatorGarbage DisposalMicrowave Heating Central

Property Features

Assessed Total Value 1545707 Gross Income 380400 Gross Operating Income 241213 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 332400.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 139187 Type Of Units 5 Year Built Source Vendor Enhanced Zoning Larw1

Listing provided courtesy of James Allan DRE#01180635 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T19:43:44.667. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253