3000 Grand Canal Venice, CA 90291
Active
$6,695,000
5 Units
12 Beds
15 Baths
7,068 Area(sq.ft.)
5,988 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 4.50 | No | $ 14,000 | $ 14,000 | $ 14,000 |
| Unit 2 | 1 | 1 | 1.50 | No | $ 4,900 | $ 4,900 | $ 4,900 |
| Unit 3 | 1 | 1 | 1.50 | No | $ 4,900 | $ 4,900 | $ 4,900 |
| Unit 4 | 1 | 3 | 3 | No | $ 4,500 | $ 4,500 | $ 4,500 |
| Unit 5 | 1 | 3 | 3 | No | $ 6,900 | $ 6,900 | $ 6,900 |
| 5 | 5 | 12 | 15 | $ 35,200 | $ 35,200 | $ 35,200 |
| MLS #: | 24-415065 |
| Days On Market: | 123 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 947 |
| Price per unit: | $ 1,339,000 |
| Year Built: | 2010 |
Property Details
Trophy Canal front 5 unit Building on the famed Venice Canals. Newer construction just 2 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 $422,400/year and Cap Rate of 4.55. Professionally managed currently, perfect owner/user.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 422,400 |
| Total Annual Expense: | $ 119,003 |
| Net Operating Income: | $ 303,396 |
| Gross Annual Income: | $ 422,400 |
| Cap Rate: | 4.55% |
| Gross Rent Multiplier: | 15.84 |
| Actual Gross Rent: | $ 422,400 |
Structure
| Type of Units: | 5 |
| Buildings: | 1 |
| Levels: | Multi/Split |
| View Description: | Canal, City Lights, Canyon, Coastline |
Land & Parking
| Zoning: | LARW1 |
| Parking Garage: | Garage - 3 Car, Garage Is Attached |
| Total Parking: | 10 |
Interior
| AC/Cooling: | Central |
| Equipment: | Built-Ins, Dryer, Dishwasher, Elevator, Garbage Disposal, Microwave |
| Heating: | Central |
Exterior
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