24 20th Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 4 bath

24 20th Avenue, Venice, California 90291 home-pic-0
ACTIVE$1,999,000
24 20th Avenue, Venice, California 90291
3Beds
4Baths
1,755Sqft
2,632Lot
Year Built
1948
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$1,139
HOA
-
Days on market
-
Sold On
-
MLS number
25482723
Home ConditionGood
Features
Excellent View: Ocean
Deck
Patio
ViewOcean

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(33th), sqft - 1755(48th), beds - 3(50th), baths - 4(76th).

Discover the perfect blend of coastal charm and investment potential at 24 20th Ave, Venice, CA 90291. This mid-century triplex, situated on a picturesque walk street, offers three unique units just steps from the world-famous Venice Boardwalk. The property features: Front Unit: A thoughtfully remodeled 1-bedroom, 1-bathroom home featuring a private fenced yard, ideal for entertaining or relaxing. Includes stackable laundry for modern convenience. Middle Unit: A charming and cozy 1-bedroom, 1-bathroom space with a long-term tenant in place, offering steady rental income. Loft Unit: A sleek, multi-level 1-bedroom, 1.5-bathroom loft with a bright, airy design. Enjoy ocean views from the private balcony and the convenience of in-unit laundry on the upper level. Additional conveniences include three parking spaces with alley access and a fenced front yard. Located in one of Los Angeles' most desirable neighborhoods, this property is within walking distance of the vibrant Venice Beach, the iconic Boardwalk, trendy shops and dining on Abbot Kinney Boulevard, the canals, Washington Boulevard, and Windward Circle. The proximity to the ocean offers a daily dose of sea breezes, breathtaking sunsets, and the serene sound of waves. This triplex presents an incredible opportunity for an owner-user, investor, or developer with a vision to maximize the property's potential, including the possibility of building upward to further enhance the already spectacular ocean views. Don't miss this rare chance to own a property in the heart of Venice's coastal paradise!

Price History

Date
Event
Price
04/04/19
Sold
$1,740,000
Condition Rating
Good

The property, built in 1948, is a triplex with varying levels of renovation. The description highlights a 'thoughtfully remodeled' front unit and a 'sleek, multi-level' loft unit, both of which are showcased in the images with modern kitchens (flat-panel cabinetry, stainless steel appliances, contemporary countertops), updated bathrooms (modern vanities, subway tiles, glass enclosures), and contemporary flooring (light wood, concrete) and lighting. These two units appear to have been extensively renovated within the last 5-15 years, meeting high quality standards. However, the middle unit is described as 'charming and cozy' with a long-term tenant, and the property analysis notes potential for 'outdated systems in un-remodeled units.' While two units are in excellent, move-in ready condition, the overall property does not meet the 'all components new or virtually new' standard across all three units, preventing an 'Excellent' score. Nevertheless, the significant and high-quality updates in the majority of the property elevate it well beyond 'Fair'.
Pros & Cons

Pros

Prime Coastal Location: Situated on a picturesque walk street, steps from Venice Boardwalk, Beach, Abbot Kinney, and canals, offering unparalleled access to Venice's vibrant lifestyle.
Multi-Unit Income Potential: A triplex configuration with three distinct units, including one with a long-term tenant, provides immediate rental income and diverse investment opportunities.
Ocean Views & Proximity: The loft unit offers ocean views from a private balcony, with the potential to enhance these views further by building upward, capitalizing on the property's coastal setting.
Development & Value-Add Opportunity: Presents significant potential for owner-users, investors, or developers to maximize value through renovation, expansion, or upward development.
Valuable Parking & Outdoor Space: Includes three parking spaces with alley access, a rare and highly desirable amenity in Venice, complemented by private fenced yards for outdoor living.

Cons

Significant Price Discrepancy: The current listing price is substantially higher (21% above) the estimated property value, suggesting potential overpricing or a need for a strong justification of value.
Age of Structure & Potential Maintenance: Built in 1948, the mid-century triplex may entail higher ongoing maintenance costs and potential for outdated systems in un-remodeled units.
Tenant Occupancy Limitations: The presence of a long-term tenant in one unit, while providing income, could limit immediate flexibility for an owner-user or a developer seeking full vacant possession for extensive renovations.

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