Four-Unit Residential Income
For Sale
$4,995,000
22 28TH Place, Venice, CA 90291
Double-lot fourplex with an owner townhouse, three west-side units, rooftop deck, and 8 total parking spaces.
Property Size5,398 SF
Price / SF$925.34
Days on Market92
Property Features for 22 28TH Place
General Information
Standard status
Active
Size
5,398 SF
Total Parking Spaces
8
Property subtype
Multi-family
Additional Details
Cap Rate
5.5%
Multifamily Units
4
Building Details
Year Built
1925
Listing Agency:
Compass
Listed By:
James Allan
(714) 497-3550
Source:
Sevengables
Added: May 31
Changed: Jul 22
Last Checked: Aug 29 at 10:35AM
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 four-unit residential income property is configured on a double lot and offered as a strong owner-user or Pied-à-Terre setup. The east side features a 3-bedroom townhouse with a private yard and a private garage that has been recently remodeled with hardwood floors, a new kitchen, and new bathrooms. The west side includes three additional units: a 3-bedroom penthouse with an open floor plan, rooftop deck, and surrounding windows; a middle 3-bedroom, 2-bath unit with a living-room balcony; and a lower 1-bedroom unit with private parking and use of the front lawn area.
The residences are described as being in the South Venice Beach area, with the property located just steps from the beach and near restaurants and Abbott Kinney. Partial ocean views are referenced from the living room and balcony. The property includes a total of 8 parking spaces, and the owner’s unit can be delivered vacant. Reported cap rate is 5.52.
The residences are described as being in the South Venice Beach area, with the property located just steps from the beach and near restaurants and Abbott Kinney. Partial ocean views are referenced from the living room and balcony. The property includes a total of 8 parking spaces, and the owner’s unit can be delivered vacant. Reported cap rate is 5.52.
Key Highlights
- 1925 double‑lot Venice compound with a 4‑unit mix: 3‑bed owner townhouse plus three west‑side units
- West lot: one 3BR/2BA penthouse with open floor plan, rooftop deck, and bright living room with large surrounding windows
- West lot includes a second 3BR/2BA unit with a living‑room balcony and primary bedroom with view of the walk street and front yard
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,169
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Double-lot fourplex with an owner townhouse, three west-side units, rooftop deck, and 8 total parking spaces.
Where is this quadplex located?
The property is located at 22 28TH Place Venice, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 1925 double‑lot Venice compound with a 4‑unit mix: 3‑bed owner townhouse plus three west‑side units; West lot: one 3BR/2BA penthouse with open floor plan, rooftop deck, and bright living room with large surrounding windows; West lot includes a second 3BR/2BA unit with a living‑room balcony and primary bedroom with view of the walk street and front yard
