Four-Unit Venice
For Sale
$4,795,000
22 28th Avenue, Venice, CA 90291
Four residences on a double lot with 8 total parking spaces, including a 3-bed townhouse and west-side penthouse units.
Property Size5,398 SF
Price / SF$888.29
Days on Market130
Property Features for 22 28th Avenue
General Information
Standard status
Active
Size
5,398 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
LARD1.5
Net Operating Income
$275,952
Additional Details
Cap Rate
5.52%
Multifamily Units
4
Amenities
Multi/Split
Wall/Window
Central
Dryer Included
Dishwasher, Barbeque, Dryer, Microwave, Garbage Disposal
No
Building Details
Year Built
1925
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Compass
Listed By:
James Allan · License #01180635
(310) 704-0007
Source:
Compass
Added: Jun 1
Changed: Oct 6
Last Checked: Oct 7 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This rare four-unit Venice compound sits on a double lot and is configured as an owner-user and/or Pied-à-Terre setup. The east side includes a 3-bedroom townhouse with a private yard and private garage, with the garage recently remodeled to feature hardwood floors, a new kitchen, and new bathrooms. The west lot includes three additional units: a penthouse with an open floor plan, rooftop deck, and surrounding windows, plus two other 3-bedroom/2-bath style units with balconies. The middle unit has a balcony off the living room and a primary with views of the walk street and the front yard. The lower unit is a one-bedroom offering private parking and use of the front lawn area. The property totals 8 parking spaces.
Located in South Venice Beach, the compound is described as just steps from the beach and within seconds of restaurants and Abbott Kinney, surrounded by high-value homes.
Per the remarks, the owner’s unit can be delivered vacant, and the stated cap rate is 5.52.
Located in South Venice Beach, the compound is described as just steps from the beach and within seconds of restaurants and Abbott Kinney, surrounded by high-value homes.
Per the remarks, the owner’s unit can be delivered vacant, and the stated cap rate is 5.52.
Key Highlights
- Rare 4‑unit Venice compound on a double lot with 8 total parking spaces
- East side: 3‑bed townhouse with private yard and private garage; remodeled with hardwood floors, new kitchen, and new bathrooms
- West side: penthouse‑style 3‑bed/2‑bath unit with open floor plan, rooftop deck, and surrounding windows; partial ocean views from living room and balcony
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences on a double lot with 8 total parking spaces, including a 3-bed townhouse and west-side penthouse units.
Where is this quadplex located?
The property is located at 22 28th Avenue Venice, CA.
What is the asking price?
The asking price for this property is $4,795,000.
What are key features of this property?
This property features: Rare 4‑unit Venice compound on a double lot with 8 total parking spaces; East side: 3‑bed townhouse with private yard and private garage; remodeled with hardwood floors, new kitchen, and new bathrooms; West side: penthouse‑style 3‑bed/2‑bath unit with open floor plan, rooftop deck, and surrounding windows; partial ocean views from living room and balcony
