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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 3,395,000
Est. payment /mo
Active
12 25th Place Venice, CA 90291
4,262 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,262 sqft
Price per Sqft $796
MLS Listing ID SB-25164133
Year Built 1913
Lot Size 2,643 Sqft
Property Sub-Type Apartment
Property Description
Each 4-plex can be financed separately ! Side-by-side Corner Lot (2) 4-plexes right on the beach currently operating at a 5.20% CAP RATE! 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 are 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 is producing $243,180 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. 12-12.5 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.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Laundry Inside
Exterior
Parking Features Gated
Pool None
Community Features Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer