Active
$1,999,000
3 Units
3 Beds
3 Baths
1,755 Area(sq.ft.)
Lot: 2,632 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1.50 | Yes | $ 5,000 | n/a | $ 5,500 |
| Unit 2 | 1 | 1 | 1 | Yes | $ 4,500 | n/a | $ 5,000 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,200 | $ 1,200 | $ 3,500 |
| 3 | 3 | 4 | $ 10,700 | $ 1,200 | $ 14,000 |
| MLS #: | 25537839 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,139 |
| Price per unit: | $ 666,333 |
| Year Built: | 1948 |
Property Details
Discover the perfect blend of coastal charm and investment potential at 24 20th Ave, Venice, CA 90291. This mid-century triplex, situated on a picturesque walk street, offers three unique units just steps from the world-famous Venice Boardwalk. The property features: Front Unit: A thoughtfully remodeled 1-bedroom, 1-bathroom home featuring a private fenced yard, ideal for entertaining or relaxing. Includes stackable laundry for modern convenience. Middle Unit: A charming and cozy 1-bedroom, 1-bathroom space with a long-term tenant in place, offering steady rental income. Loft Unit: A sleek, multi-level 1-bedroom, 1.5-bathroom loft with a bright, airy design. Enjoy ocean views from the private balcony and the convenience of in-unit laundry on the upper level. Additional conveniences include three parking spaces with alley access and a fenced front yard. Located in one of Los Angeles' most desirable neighborhoods, this property is within walking distance of the vibrant Venice Beach, the iconic Boardwalk, trendy shops and dining on Abbot Kinney Boulevard, the canals, Washington Boulevard, and Windward Circle. The proximity to the ocean offers a daily dose of sea breezes, breathtaking sunsets, and the serene sound of waves. This triplex presents an incredible opportunity for an owner-user, investor, or developer with a vision to maximize the property's potential, including the possibility of building upward to further enhance the already spectacular ocean views. Don't miss this rare chance to own a property in the heart of Venice's coastal paradise!Interested in this Listing?
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Income Details
| Vacancy Rate: | 4500% |
| Gross Operating Income: | $ 180,000 |
| Total Annual Expense: | $ 45,000 |
| Net Operating Income: | $ 135,000 |
| Gross Annual Income: | $ 180,000 |
| Gross Rent Multiplier: | 11.10 |
Structure
| Type of Units: | 1+1, 1+1.5 |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned, Covered Parking |
Interior
| AC/Cooling: | Central, Window Unit(s), Wall/Window |
| Equipment: | Microwave, Refrigerator, Range/Oven |
| Heating: | Combination |
Exterior
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