Venice, CA 90291 40 24th Place
$2,500,000
18 more
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 710-780-1899
- MLS# SB25053644
- 03/12/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 5
Baths • 5
SQFT • 3,000
Home Details
Triplex on a Street-to-Alley Lot in Venice. Pride of Ownership Property Kept in Great Condition. Great Unit Mix - (1) 3-Bed/2-Bath Units, (1) 2-Bed/2-Bath, (1) studio | (3) Tandem Carport Spaces (6 Total) | In-Unit Laundry. Private Patio Facing Walk Street | Second Story Balcony. 3.66% CAP in an A+ Location | 17.88 GRM. Owner-User Opportunity. Coveted Location on a Walkstreet in Venice – One Block From the Beach & Venice Canals & Less Than 1 Mile From Shops on Abbot Kinney Blvd
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 710-780-1899
Interior Features for 40 24th Place
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
Other Rooms
Entry Level1
General for 40 24th Place
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.66
Carport Spaces3.0
Carport Y/NYes
CityVenice
Community FeaturesBiking
ContingencyShowings subject to offer and proof of funds
CountyLos Angeles
DirectionsIn the middle of 23rd Pl and 24th Pl on Pacific Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income139800.0
HOANo
Home Warranty Y/NNo
Insurance Expense4500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet2651.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MaintenanceExpense5592.0
MobileHomeRemainsYNNo
Net Operating Income91376.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces3.0
Operating Expense44230.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot18
Taxes$30,388
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1969
Year Built SourcePublicRecords
ZoningLARD1.5
Exterior for 40 24th Place
Building Area Total3000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.0609
Lot Size Area2651.0
Lot Size SourceAssessor
LotDimensionsSourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate