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22 28th Pl

Venice, CA 90291
  • $5,250,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: 25532177
UPDATED: 76 min ago
$5,250,000
  • 11
    BEDS
  • 0.12
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 5,398
    SQFT
  • $973
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

Description

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 estate

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-22T06:43:44.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.fasthouseshop.com/homes/163143387
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22 28th Pl Venice, CA 90291

  • Price: $5,250,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 76 min ago
  • ID#: 25532177
11
Beds
9
Baths
0
½ Baths
0.12
Acres
5,398
SQFT
$973
$/SQFT
1925
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
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 estate
Exterior Features

Covered Parking 6 Levels Multi/SplitThree Or More Lot Size Area 5280 Other Structures Other Parking Garage Garage Style Architectural Total Parking 8 View Description Ocean View YN Yes

Interior Features

Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 5222632 Disclosures As Is Gross Income 359928 Gross Operating Income 359928 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 276128.00 Number Of Buildings 2 Number Of Units 4 Owner Pays WaterGardener Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 83800 Type Of Units apartments Year Built Source Vendor Enhanced Zoning LARD1.5

Listing provided courtesy of Eli Mashiach DRE#01348839 of MGB Realty Group: 310-877-2348.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-22T06:43:44.78. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Sherman Oaks CA, 91423