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 Blvds shops and restaurants, this triplex presents a rare opportunity to own a high quality asset in one of LAs most desirable coastal neighborhoods.