22 28th Ave - Apartments FOR SALE


Venice, CA 90291
$5,600,000 USD
310-229-9850
22 28th Ave, Venice, CA for Sale
$5,600,000 USD
Apartments - FOR SALE
1/34
null | 4.86% Cap Rate

22 28th Ave
Venice, CA 90291


HIGHLIGHTS

  • 4 Units Total: Three apartments + one townhome
  • Whitewater Ocean Views from select units
  • Ample Parking: Two garages + two outdoor spaces
  • Unbeatable Location: Seconds to the Venice Boardwalk, beach, and surf
  • Development Potential: Rare double lot offers future value-add or redevelopment opportunity

OVERVIEW

Trophy Venice Beach Property with Income + Future Upside. Offered at a 4.85% 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 *Drive by only. Please do not disturb tenants. Walk through and inspections upon accepted offer only.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$1,037 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,400,000

CAP RATE

4.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,279 SF

ZONING

LARD1.5

APN/PARCEL ID

4226-021-026

ASK ABOUT THIS PROPERTY

Eli MashiachHR Property GroupMore Info
310-229-9850

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Eli MashiachHR Property GroupMore Info
310-229-9850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.