40 24th Place
Venice, CA, 90291
$2,500,000
6 Beds
5 Baths
3,000 SqFt
0.06 Acres
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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 Details

Price:
$2,500,000
MLS #:
SB25064941
Status:
Active
Beds:
6
Baths:
5
Address:
40 24th Place
Type:
Single Family
Subtype:
Triplex
Neighborhood:
c11venice
City:
Venice
Listed Date:
Mar 25, 2025
State:
CA
Finished Sq Ft:
3,000
ZIP:
90291
Lot Size:
2,651 sqft / 0.06 acres (approx)
Year Built:
1969
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Schools

School District:
Los Angeles Unified
High School:
Venice

Interior

Cooling
None
Fireplace Features
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Exterior

Community Features
Biking
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
None
Water Source
Public

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0.00

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40 24th Place
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