Property listed by Kidder Mathews of California, Inc., Nathan Shaolian 310-312-1800
$2,000,000
TWO (2) UNITS DELIVERED VACANT. ASSUMABLE FINANCING AVAILABLE: Loan Balance: $467,476; Fixed Rate: 3.98%; Fixed until 12/1/2028. 25 Horizon Ave presents a rare opportunity to acquire a 6-unit multifamily asset in the heart of Venice Beach, just steps from the sand. Perfectly positioned in one of the most iconic and… Read More dynamic rental markets in Los Angeles, the property offers residents unrivaled access to the beach, the Venice Boardwalk, Abbot Kinney Boulevard, and an array of top-tier dining, shopping, and entertainment options. Situated on a 2,699 SF lot, the building features 3,135 SF of rentable space, comprising one (1) two-bedroom, one-bath unit and five (5) one bedroom, one-bath units. Additionally, the property offers ADU potential, creating an opportunity for investors to further enhance rental income and value. With 25% upside in rents, this asset presents strong immediate and long-term growth potential. With its unbeatable coastal location, high rental demand, and substantial value-add potential, this offering represents a prime investment opportunity. Whether capitalizing on existing income or unlocking additional value through ADU development, 25 Horizon Ave is a rare, high-quality asset in one of Los Angeles' most coveted beachfront communities. Read Less
Listing Snapshot
Days Online
21
Last Updated
Beds
7
Square Ft.
3,135
Lot Size
0.06 Acres
Year Built
1906
MLS Number
26648553
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1906, Living area: 3135.0, 2 buildings, 2 stories, Levels: Two, MultiSplit
Heating
WallFurnace
Income
Gross Income: $156,516, Net Operating Income: $101,460
Lot
0.062 acres, Dimensions: 30x90
Parking
OnStreet
Taxes
Parcel Number: 4226006015, 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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