Property listed by Compass, Alan Taylor 818-783-7721
$1,998,000
Located on a quiet, tree-lined street, around the corner from Venice Beach & Abbot Kinney, this 100-year-old 4-unit Craftsman exudes timeless character and charm. Currently leased at $2,600 per month, the front lower unit #1 features a classic front porch for outdoor entertaining, private entrance, in-unit laundry, and functional living… Read More space. Upstairs in the front is Unit 3, occupied by the same tenant since 2003 and currently month-to-month, and features a functional living space with a sun room. Vacant and ready for occupancy at fair market rent, the upper rear unit is a mirror layout of unit 3 at approx and also features functional living spaces, in-unit laundry and sun room. Also vacant, and ready for immediate occupancy, the lower rear owner's unit is the largest unit and includes a full remodeled kitchen with dishwasher, in-unit laundry, and a lovely private patioperfect for entertaining, and a detached 80 sq ft studio space is ideal for a home office, gym, or creative space. With 3 of the 4 units offering at or close to market rents, parking for each unit, and an unbeatable location, this property is a solid performer with long-term upside and flexible use scenarios. A rare opportunity to own a true Venice gemsteps from the sand, brimming with potential, and packed with charm. Whether you're looking to house-hack, or generate passive income by investing in one of LA's strongest coastal rental markets, come check out 224 Horizon Avenue. Read Less
Listing Snapshot
Days Online
7
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,298
Lot Size
0.07 Acres
Year Built
1921
MLS Number
25571929
30 Days Snapshot Of 90291
$2.53M
-3%
(avg) sold price
15
-31%
homes sold
84
+27%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 2,298, Levels: One, Living area: 2298, 1 story, 2 buildings, Architectural style: Craftsman
Heating
WallFurnace
Income
Gross income: $138,036, Net operating income: $85,237
Lot
0.0654 acres, 2,850 square feet, Size: 2,850
Parking
4 totals parking, Assigned, Uncovered
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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