40 24th Place, Venice, CA 90291
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- MLS#: SB25064941 ( Triplex )
- Street Address: 40 24th Place
- Viewed: 1
- Price: $2,500,000
- Price sqft: $833
- Waterfront: No
- Year Built: 1969
- Bldg sqft: 3000
- Bedrooms: 6
- Total Baths: 5
- Full Baths: 5
- Garage / Parking Spaces: 6
- Days On Market: 9
- Additional Information
- County: LOS ANGELES
- City: Venice
- Zipcode: 90291
- District: Los Angeles Unified
- High School: VENICE
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Brett Brett
- DMCA Notice
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Description40 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.
Property Location and Similar Properties
Features
Assessments
- None
Association Fee
- 0.00
Carport Spaces
- 6.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Cooling
- None
Country
- US
Fireplace Features
- None
Garage Spaces
- 0.00
High School
- VENICE
Highschool
- Venice
Laundry Features
- Common Area
Levels
- Two
Living Area Source
- Assessor
Lockboxtype
- None
Lot Features
- 2-5 Units/Acre
Parcel Number
- 4226017017
Pool Features
- None
Postalcodeplus4
- 4380
Property Type
- Triplex
School District
- Los Angeles Unified
Sewer
- Public Sewer
View
- None
Water Source
- Public
Year Built
- 1969
Year Built Source
- Assessor
Zoning
- LARD1.5