Venice, CA 90291,40 24th PL
Venice, CA 90291,40 24th PL
Venice, CA 90291,40 24th PL
Venice, CA 90291,40 24th PL
Venice, CA 90291,40 24th PL
Venice, CA 90291,40 24th PL
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$ 2,500,000
Est. payment | /mo

6 Beds

5 Baths

3,000 SqFt


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$ 2,500,000
Est. payment | /mo
Save

6 Beds

5 Baths

3,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

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

HOA Y/N No

Year Built 1969

Lot Size 2,652 Sqft

Property Sub-Type Triplex

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 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.

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LARD1.5

Rooms

Main Level Bedrooms 6

Interior

Interior Features Bedroom on Main Level

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 6

Pool None

Community Features Biking

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

High Schools Venice

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4226017017

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc. • 3107801899

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agent
Reyna Perea

Agent | License ID: 02118739

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40 24th PL