CA > Venice
Venice, CA 90291,40 24th Place
Venice, CA 90291,40 24th Place
Venice, CA 90291,40 24th Place
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$2,500,000
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6 Beds
5 Baths
3,000 SqFt
Active

40 24th Place Venice, CA 90291

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Barbara Truglio

Barbara Truglio

+1(760) 809-6548

UPDATED:

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $833

MLS Listing ID SB25064941

Style All Other Attached

Bedrooms 6

Full Baths 5

HOA Y/N No

Year Built 1969

Lot Size 2,651 Sqft

Acres 0.0609

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.
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

Area Venice (90291)

Zoning LARD1.5

Exterior

Total Parking Spaces 6

Building

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Monthly Total Fees $33

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

San Diego Regional MLS (SDMLS)
Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.

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agent

Barbara Truglio

Agent | License ID: 01907988

+1(760) 809-6548

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