40 24th pl - Multi-Family FOR SALE


Venice, CA 90291
$2,500,000 USD
310-780-1899
40 24th pl, Venice, CA for Sale
$2,500,000 USD
Multi-Family - FOR SALE
1/31
null | 3.66% Cap Rate

40 24th pl
Venice, CA 90291


HIGHLIGHTS

  • Triplex on a Street-to-Alley Lot in Venice – One Block From the Beach & Venice Canals & Less Than 1 Mile From Shops on Abbot Kinney Blvd
  • Pride of Ownership Property Kept in Great Condition
  • Great Unit Mix - (1) 3-Bed/2-Bath Units, (1) 2-Bed/2-Bath, (1) Studio | (3) Tandem Carport Spaces (6 Total) | In-Unit Laundry
  • Private Patio Facing Walk Street | Second Story Balcony
  • 3.66% CAP in an A+ Location | 17.88 GRM
  • Owner-User Opportunity (1-Bed/1-Bath Can Be Delivered Vacant at COE)

OVERVIEW

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) studio unit. The studio unit can be delivered vacant at COE, making this 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 Blvd’s shops and restaurants, this triplex presents a rare opportunity to own a high-quality asset in one of LA’s most desirable coastal neighborhoods.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$833 USD /SF

# OF UNITS

3

PRICE/UNIT

$833,333

CAP RATE

3.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex on a Walkstreet in Venice

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4226-017-017

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.