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35 23rd Ave
For Sale $2,695,000 ($1,020.06 per Sq Ft)
$2,695,000 ($1,020.06 per Sq Ft)
- 4 Bedrooms
- 6.00 Bathrooms
- 2,642 Sq Ft
- 2,641 Sq Ft
Description
4 unit Venice Beach Trophy property on a highly desirable, quiet walk street. Located just 100 yards from the nicest stretch of Venice Beach, this exceptional property represents a true opportunity in one of Southern California's most coveted coastal neighborhoods. Opportunities like this combining location, unit conditions, and income stability, with room for price appreciation, are exceedingly desirable. The property has been very well maintained with a desirable unit mix of two (2) spacious 2-bedroom units and two (2) studio units. There is also a spacious front patio common area for relaxing, sunbathing & entertaining. Each residence is equipped with its own in-unit washer and dryer, the 2-bedroom units each include two dedicated parking spaces, an invaluable amenity this close to the beach. All units are individually metered for gas and electricity, keeping operating expenses efficient and straightforward. The building falls under rent control, but all units are currently leased at healthy market rents, providing immediate, stable income with long-term upside. Just steps from the sand, near dining & shopping, yet tucked away on a peaceful walk street, this property offers the perfect balance of lifestyle, scarcity, and investment quality. Consider also upcoming events nearby including the Olympics, the World Cup & the ongoing filming of Baywatch down the street, this property is ideal for discerning investors seeking a low-maintenance, blue-chip coastal holding with enduring value.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,695,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,642 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1965 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4226015014 |
| MLS # | 26644109 |
| Property ID | 321743070 |
| Lot Sqft | 2,641 |
| Zoning | LARD1.5 |
| Total Units | 4 |
| Days on Market | 85 |
| Original List Price | $2,750,000 |
| Date Updated | May 27, 2026 |
| Date Created | March 03, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 2.00 | $4,500 | $4,750 |
| Unit #2 | 0 | 1.00 | $2,250 | $2,350 |
| Unit #3 | 2 | 2.00 | $4,700 | $4,750 |
| Unit #4 | 0 | 1.00 | $2,200 | $2,350 |
| Gross Income (Yr) | $ 163,800 |
| Operating Expenses | $ 41,125 |
| Net Income (Yr) | $ 122,675 |
| Cap Rate | 4.55% |
Listing Provided By
Robert Maschio an agent of . Lic #02010887
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