2722 Grand Canal, Los Angeles, California 90291, Los Angeles, 90291 - 8 bed, 4 bath
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2722 Grand Canal
Los Angeles, California 90291
ACTIVE
CONDITION: FAIR
8Beds
4Baths
2,932Sq Ft
5,455Lot Size
Property Price
LIST PRICE$3,349,999
SUMMARY
*Updated Photos coming soon* Exceptional investment opportunity at 2722 Grand Canal in the heart of Venice. This canal-front fourplex features four spacious two-bedroom, one-bathroom apartments, each offering approximately 733 square feet of living space. One unit is currently vacant, providing an opportunity for an owner-user, immediate market-rate leasing, or renovation, while the three occupied units have reliable tenants with a strong history of on-time rental payments. Overlooking the iconic Grand Canal, the property offers outstanding rental appeal, long-term income potential, and multiple value-add possibilities. Investors may choose to maintain the property as a stable income-producing asset, renovate individual units to increase rental income, or explore a larger remodel and resale strategy. Ideally located near Venice Beach, Abbot Kinney Boulevard, local dining, shopping, and entertainment, this unique property captures the best of the Southern California lifestyle and offers endless summer potential. Please contact the listing agent by telephone or email to schedule a private appointment.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, this 76-year-old property is positioned as a 'value-add' investment opportunity, implying dated interiors that require renovation to achieve market rents. While the exterior appears functional and the units are occupied, the age and description suggest systems and finishes are likely over 20 years old and in need of modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Canal-Front Location
Situated directly on the iconic Grand Canal in Venice, this property offers exceptional rental appeal and long-term appreciation in one of Southern California's most desirable coastal neighborhoods.
- Immediate Value-Add Potential
With one unit currently vacant, the property provides a rare opportunity for an owner-user to move in or for an investor to immediately renovate and lease at current market rates.
- Stable Income Stream
The three occupied units feature a strong history of reliable, on-time rental payments, offering a secure cash flow foundation while exploring further development or renovation strategies.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1948, the property likely requires significant capital investment for modern upgrades and maintenance to meet the luxury standards expected in the Venice Canal area.
- Compact Unit Layouts
At approximately 733 square feet per two-bedroom unit, the living spaces are relatively small by modern standards, which may limit the ceiling for premium rental increases.
About 2722 Grand Canal
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1948
- Lot Size
- 5,455 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,932 | 2,148.648 |
| Lot Size | 5,455 | 5,855.757 |
| Price | $3.35M | $831.8K |
| Price per sq ft | $1.1K | $387 |
| Built year | 1948 | 1928 |
| HOA | $0 | $0 |
| Days on market | 62 | 87 |
Pricing History
Listed for Sale
Aug 23, 2026
$3,349,999
Initial Listing
Sold
Nov 19, 2015
$2,900,000
Public Record