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$ 2,500,000
Est. payment /mo
Active
40 24th Place Venice, CA 90291
6 Beds
5 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $833
MLS Listing ID SB25064941
Bedrooms 6
Full Baths 5
Year Built 1969
Property Sub-Type All Other Attached
Property Description
40 24th Pl is a pride-of-ownership triplex situated on a coveted walk street in Venice, just steps from the beach and the iconic Venice Canals. Sitting on a street-to-alley lot, this well-maintained property offers a strong unit mix, including (1) 3-bed/2-bath unit, (1) 2-bed/2-bath unit, and (1) 1-bed/1-bath unit. This is an excellent owner-user opportunity. The property features three tandem carport spaces (six total) and in-unit laundry, adding convenience for tenants. Outdoor spaces include a private patio facing the walk street and a second-story balcony, perfect for enjoying the coastal breeze. With a 3.66% CAP rate and a 17.88 GRM, this is an exceptional investment in an A+ Venice location with strong long-term appreciation potential. Ideally positioned one block from the beach and the Venice Canals, and less than a mile from Abbot Kinney Blvds shops and restaurants, this triplex presents a rare opportunity to own a high-quality asset in one of LAs most desirable coastal neighborhoods.
Location
State CA
County Los Angeles
Zoning LARD1.5
Direction Near the intersection of Pacific Ave and 24th Place, 1 block from the beach
Interior
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 4226017017
Special Listing Condition Standard
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc.