12 25Th Ave, Venice, CA 90291
8 Unit Apartment Building | $3,900,000 ($487,500/Unit) | 4.48% Cap Rate | Venice, CA 90291
For Sale
Active
Asking Price $3,900,000
- Property Type
-
Multifamily
- Square Feet
- 4,262 SF
Listing Contacts
- Property Info
Property Overview
Can be financed as two 4-plexes! Side-by-side 4-plexes right on the beach! 12-12.5 25th Pl,
Venice is a prime opportunity for any buyer looking to
take advantage of residential financing and own in an A+
neighborhood. 7/8 units have been extensively renovated.
Each unit offers comfortable living spaces and modern
amenities, ensuring a desirable rental experience for
tenants. Most units are renovated and some units have
ocean views! Currently, a majority of units are rented at
near-market rents and the property collects a gross
income of $245,064 annually.
Whether you're looking to expand your investment
portfolio or seeking a lucrative income-generating
property, this offering stands as a testament to the allure
of coastal California living combined with the promise of
substantial financial returns.
12-12. 25th Pl is located in the heart of Silicon Beach, an
area that has attracted a wide range of technology
companies including Facebook, Google, and Snapchat.
Residents enjoy the benefits of living in the heart of Venice
as the property is close to Abbot Kinney, Santa Monica
Pier, and much more.
Venice is a prime opportunity for any buyer looking to
take advantage of residential financing and own in an A+
neighborhood. 7/8 units have been extensively renovated.
Each unit offers comfortable living spaces and modern
amenities, ensuring a desirable rental experience for
tenants. Most units are renovated and some units have
ocean views! Currently, a majority of units are rented at
near-market rents and the property collects a gross
income of $245,064 annually.
Whether you're looking to expand your investment
portfolio or seeking a lucrative income-generating
property, this offering stands as a testament to the allure
of coastal California living combined with the promise of
substantial financial returns.
12-12. 25th Pl is located in the heart of Silicon Beach, an
area that has attracted a wide range of technology
companies including Facebook, Google, and Snapchat.
Residents enjoy the benefits of living in the heart of Venice
as the property is close to Abbot Kinney, Santa Monica
Pier, and much more.
Property Details
- Class
- C
- Year Built
- 1913
- Stories
- 2
- Lot Size (sq. ft)
- 2,614 SF
- Units
- 8
Highlights
- Two 4plexes in prime Venice Beach - Must be sold together
- 7/8 units are extensively renovated
- Located just steps from the beach on a corner lot
- Comprised of (8) 1-Bed/1-Bath units
- Can be financed as two 4plexes, allowing the buyer to better leverage their money
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