22 28th Place Venice, CA 90291
Listing Courtesy of: CRMLS / Mgb Realty Group / Eli Mashiach

  22 28th Place Venice, CA 90291

Active (29 Days)
$5,250,000
11
BED
9
BATH
5,398
SQFT

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

MLS #:
25532177
Lot Size
5,280 SQFT
Type
Multifamily
Year Built
1925
Views
Ocean
County
Los Angeles County

Listed By

Eli Mashiach, Mgb Realty Group
Source
CRMLS
Last checked Jun 1 2025 at 2:43 PM PDT
Bathroom Details
Parking
  • Garage
Living Area
  • 5,398 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
May 23, 2025
Price Changed
$5,250,000
-6%
-350,000
Apr 30, 2025
Original Price
$5,600,000
-
-
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.