24 20th Avenue, Venice, California 90291, Venice, 90291 - 3 bed, 4 bath
24 20th Avenue
Venice, California 90291
Property Price
SUMMARY
Analysis of 24 20th Avenue, Venice, California 90291 reveals a Fairly Priced Property with a current list price of $1,950,000 aligned with the estimated $1,987,440 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24 20th Avenue Subject | $1,950,000* List Price | 3 | 4 | 1,755 | $1,132 | - |
A 111 Dudley Avenue Sold | $2,350,000 | 4 | 5 | 1,998 | $1,176 | 0.8 mi |
B 666 Marr Street Sold | $1,660,000 | 3 | 2 | 1,991 | $834 | 0.9 mi |
C 405 Howland Canal Sold | $1,850,000 | 4 | 3 | 1,854 | $998 | 0.3 mi |
D 232 Howland Canal Sold | $2,000,000 | 3 | 2 | 1,475 | $1,356 | 0.3 mi |
E 544 Broadway Street Sold | $2,495,000 | 3 | 3 | 2,182 | $1,143 | 0.6 mi |
F 30 24th Avenue Sold | $1,917,040 | 2 | 1 | 0.2 mi | ||
G 312 1/2 Market Street Pending | $1,850,000 List Price | 4 | 3 | 1,960 | $944 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was built in 1948, the visible units (Front and Loft) have undergone extensive and recent renovations, featuring modern kitchens with updated cabinets, countertops, stainless steel appliances, and subway tile backsplashes. The flooring is a contemporary light wood-look, and lighting includes recessed and track fixtures. The Loft unit also benefits from modern mini-split AC systems and in-unit laundry. These renovated spaces are move-in ready and appear to have been updated within the last 5-15 years, aligning with 'Good' criteria. However, as a triplex, the condition of the 'Middle Unit' is not detailed or pictured, and the overall 'Age of Property & Infrastructure' for a 1948 building suggests that not all major systems or the entire structure may be 'virtually new,' thus preventing an 'Excellent' rating for the property as a whole.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on a picturesque walk street, just steps from the world-famous Venice Boardwalk, Venice Beach, and trendy Abbot Kinney Boulevard, offering an unparalleled coastal lifestyle.
- Income-Generating Triplex
Comprises three unique units, including one with a long-term tenant, providing immediate rental income and flexibility for owner-occupancy or a full investment strategy.
- Development & Value-Add Potential
Offers significant potential for an investor or developer to maximize value, including the possibility of building upward to enhance existing ocean views.
CONSRISKS & DEFICIENCIES
- Age of Property & Infrastructure
Built in 1948, the property's age suggests potential for older infrastructure and deferred maintenance, which may require significant capital investment beyond the already remodeled front unit.
- Compact Unit Sizes
With 1755 sqft distributed across three 1-bedroom units, individual living spaces are likely compact, potentially limiting appeal to buyers seeking more spacious accommodations.
- Premium Pricing Relative to Estimate
The current listing price of $1.95M is above the estimated property value of $1.87M, which could indicate a premium valuation and potentially impact buyer interest or negotiation flexibility.
About 24 20th Avenue
Discover the perfect blend of coastal charm and investment potential at 24 20th Avenue. 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's most desirable neighborhoods, this property is near 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 2,632 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 75% |
| Square foot | 1,755 | 1,754 | 50% |
| Lot Size | 2,632 | 4,255.5 | 5% |
| Price | $1.95M | $2.43M | 30% |
| Price per sq ft | $1.1K | $1.3K | 32% |
| Built year | 1948 | 1947 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 128 | 162 | 31% |
Pricing History
Listed for Sale
Oct 29, 2025
$1,950,000
Initial Listing
Sold
Apr 4, 2019
$1,740,000
Public Record