#SR25084770, Azita Shamshirsaz, Listing Office: Equity Union
#SB25064941·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Brett Lyon·
Listing office phone: 3107801899
$2,500,000 List price
40 24th Pl Venice, CA 90291
$10,000
Closing credit¹
6 beds
5 full
3,000 sqft
0.06 acres
$833 / sqft
Multi-Family
Property details
About 40 24th Pl
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 Blvd’s shops and restaurants, this triplex presents a rare opportunity to own a high-quality asset in one of LA’s most desirable coastal neighborhoods.
Highlights
Home typeTriplex
StatusActive
Size3,000 sqft
Lot size0.0609 Acres
Year built1969
MLS #SB25064941
Summary
- Full Bathrooms: 5
- Interior: Bedroom on Main Level
- Fireplace: None
- Total Bedroom Count: 6
- Private Pool: No
- Cooling: None
- List Price: $2,500,000
- Price/SqFt: $833
- HOA Amount: $0
- Annual Tax Amount: $30,351
- Tax Year: 2024
- Directions: Near the intersection of Pacific Ave and 24th Place, 1 block from the beach
- Year Built: 1969
- Stories: 2
- Living Area: 3,000 SqFt
- Lot Size: 0.0609 Acres
- MLS Number: SB25064941
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 780-1899
- Listing Agent: Brett Lyon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 7:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,500,000
40 24th Pl
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 25, 2022 | Home Sold | $2,400,000 |
| Jul 01, 2003 | Home Sold | $895,000 |
| Oct 05, 1988 | Home Sold | $434,000 |
| Oct 05, 1988 | Home Sold | $434,000 |
| Oct 05, 1988 | Home Sold | $434,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,496,960 | $30,351 |
| 2023 | $2,448,000 | $29,760 |
| 2022 | $1,199,101 | $14,372 |
| 2021 | $1,175,590 | $14,186 |
| 2020 | $1,163,537 | $13,763 |
| 2019 | $1,140,723 | $13,692 |
| 2018 | $1,118,357 | $13,397 |
| 2017 | $1,096,429 | $13,397 |
History based on county public records data.
Nearby schools
5
Westminster Avenue Elementary
Public District KG-5
0.7 mi
•1010 Abbot Kinney Blvd
6
Coeur d'Alene Avenue School
Public District KG-5
1.1 mi
•810 Coeur D Alene Ave
8
Broadway Elementary School
Public District KG-5
1.1 mi
•1015 Lincoln Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,392. Most Venice, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
17%
<35k
45%
35k-100k
22%
100k-200k
16%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
75%
Single, No Kids
3%
Single, with Kids
17%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
31%
18-34 yrs old
49%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Crate & Barrel
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 40 24th Pl in Venice, CA and zip code 90291 in the Venice neighborhood. This 3,000 square foot home, which was built in 1969, sits on a 0.06 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $2,500,000.
Venice, CA housing market in April 2025 saw over 395 listings sold above listed price, more than 148 sold at listed price and over 328 sold below. The number of homes for sale in Venice, CA increased by 10.2% between March and April 2025. The median list price of listings available in April 2025 was $896,516, while the average time on the real estate market was 36 days.
From Rocket Homes Real Estate and based on county public records data.