Venice (los Angeles), CA 90291,25 Horizon Avenue
Venice (los Angeles), CA 90291,25 Horizon Avenue
Venice (los Angeles), CA 90291,25 Horizon Avenue
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$2,000,000
Est. payment /mo
3,135 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 3,135 sqft

Price per Sqft $637

MLS Listing ID CL25522581

HOA Y/N No

Year Built 1906

Lot Size 2,699 Sqft

Acres 0.06

Property Sub-Type Other

Property Description

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 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 significant ADU potential, creating an opportunity for investors to further enhance rental income and value. With 35% 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.

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Wall Furnace

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

New Construction No

Others

Tax ID 4226006015


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Bridge MLS
Listed by Nathan Shaolian • Kidder Mathews of California, Inc.

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25 Horizon Avenue