Venice, CA 90291 22 28th Place
$5,600,000
26 more
Presented By: Eli Mashiach with MGB Realty Group;
- MLS# 25532177
- 04/30/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 11
Baths • 9
SQFT • 5,398
Garage • 6
Home Details
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
Presented By: Eli Mashiach with MGB Realty Group;
Interior Features for 22 28th Place
Bedrooms
Total Bedrooms11
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths9
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories
General for 22 28th Place
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.85
Carport Y/NNo
CityVenice
CountyLos Angeles
DirectionsJust half a block from the beach. 28th Ave. between Pacific and Speedway.
Electric On Property Y/NNo
Full Baths
Garage Spaces6.0
Garage Y/NYes
Gross Income359928.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore, MultiSplit
Lot Size Square Feet5280.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income271928.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces2.0
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
ViewOcean
Waterfront Y/NNo
Year Built1925
ZoningLARD1.5
Exterior for 22 28th Place
Building Area Total5398.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1212
Lot Size Area5280.0
Lot Size SourceAssessor
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGarage
Private PoolNo
SpaNo
Total Parking8.0
Additional Details
Price History
Hal Schlegel
Broker Associate