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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$3,470,000
Est. payment /mo
4,262 SqFt
Active
12 25th Place Venice (los Angeles), CA 90291
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,262 sqft
Price per Sqft $814
MLS Listing ID CRSB25028483
HOA Y/N No
Year Built 1913
Lot Size 1,080 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Side-by-side 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 will gross $253,176 annually once the vacancies are filled. 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. Properties can be sold separate or together. OM in supplements.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Building
Water Public
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