40 24th PL Active Save Request In-Person Tour Request Virtual Tour
Venice,CA 90291
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