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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.
Property Type(s):
Multi Family
| Last Updated | 3/25/2025 | Year Built | 1969 |
|---|---|---|---|
| Community | Venice | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|---|
| High School | Venice |
Additional Details
| AIR | None |
|---|---|
| AREA | Venice |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level |
| LOT | 2651 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LARD1.5 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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