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Four-Unit Residential Property

22 28th Pl, Venice, CA 90291

For Sale
$4,795,000

Private outdoor areas, balconies, a rooftop deck, and on-site parking serve the residential units.

Property Size5,398 SF
Price / SF$888.29
Days on Market158

Property Features for 22 28th Pl

General Information

Standard status Active
Size 5,398 SF
Total Parking Spaces 8
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 3BR townhouse, 1 x 3BR/2BA penthouse, 1 x 3BR/2BA middle, 1 x 1BR lower
Multifamily Units 4

Additional Details

Cap Rate 5.52%

Amenities

private yard
rooftop deck
balcony
front lawn area

Building Details

Building Size 5,398 SF
Year Built 1925
Listing Agency: Compass
Listed By: James Allan · License #01180635
Source: Benbelack
Added: Jun 5 Changed: Nov 8 Last Checked: Nov 8 at 10:00AM

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

Rey
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Investment Insights

Based on property information with market context.

Built in 1925, this four-unit property spans a double lot. The east-side townhouse has three bedrooms, a private yard, and a garage; its recent updates include hardwood floors, a new kitchen, and new bathrooms. Three residences occupy the west lot: a three-bedroom penthouse with two bathrooms and a rooftop deck, a three-bedroom unit with two bathrooms and a living-room balcony, and a one-bedroom unit with private parking and use of the front lawn. The property has eight parking spaces. The owners’ unit can be delivered vacant, and the stated cap rate is 5.52%.

The property is on a walk street in South Venice Beach, a short walk from the beach and near restaurants and Abbot Kinney. The penthouse has partial ocean views from the living room and balcony.

Key Highlights

  • Four residential units across a double lot
  • Eight parking spaces
  • Three‑bedroom townhouse includes a private yard and garage

Property Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,169
Businesses Nearby

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

Market

Average Price Trend$/SF for Quadplexes in Venice, CA

$758 Jul
$760 Aug
$958 Sep
$1,071 Oct

Properties on Market for Quadplexes in Venice

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Private outdoor areas, balconies, a rooftop deck, and on-site parking serve the residential units.
Where is this quadplex located?
The property is located at 22 28th Pl 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: Four residential units across a double lot; Eight parking spaces; Three‑bedroom townhouse includes a private yard and garage
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