22 28th pl, Venice, CA 90291
Active
$5,250,000
6%
4 Units
11 Beds
9 Baths
5,398 Area(sq.ft.)
Lot: 5,280 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 10,450 | $ 10,450 | $ 11,500 |
| Unit 2 | 1 | 3 | 2 | No | $ 7,400 | $ 7,400 | $ 8,500 |
| Unit 3 | 1 | 1 | 1 | No | $ 3,650 | $ 3,650 | $ 4,000 |
| Unit 4 | 1 | 3 | 2.50 | No | $ 8,494 | $ 8,494 | $ 9,500 |
| 4 | 10 | 8 | $ 29,994 | $ 29,994 | $ 33,500 |
| MLS #: | 25532177 |
| Days On Market: | 220 |
| Listing Date: | April 30, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 973 |
| Price per unit: | $ 1,312,500 |
| Year Built: | 1925 |
Property Details
Trophy Venice Beach Property with Income + Future Upside. Offered at a 5.26% Cap Rate on In-Place Income. Located just one block from the beach and the Venice boardwalk on a rare double lot, this 4-unit trophy asset in Venice Beach offers investors a unique blend of stable cash flow and long-term upside. The property features a renovated 3-unit apartment building alongside a beautifully updated 2-story townhome originally built in 1925 and thoughtfully modernized. 2 garages + exterior parking for a total 8 spaces. With strong current income and the potential for future growth, this is a rare chance to own a premier piece of Venice Beach real estateInterested in this Listing?
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Income Details
| Gross Operating Income: | $ 359,928 |
| Total Annual Expense: | $ 83,800 |
| Net Operating Income: | $ 276,128 |
| Gross Annual Income: | $ 359,928 |
| Cap Rate: | 5.26% |
| Gross Rent Multiplier: | 14.28 |
| Actual Gross Rent: | $ 359,928 |
| Actual Rent Total: | $ 359,928 |
Structure
| Type of Units: | apartments |
| Buildings: | 2 |
| Levels: | Multi/Split, Three Or More |
| Style: | Architectural |
| View Description: | Ocean |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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Income
