See all 17 photos
$3,445,000
Est. payment /mo
4 Beds
4 Baths
Active
12 25th Place Venice, CA 90291
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25130965
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
Side-by-side 4-plexes right on the beach currently operating at a 5.24% 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
Zoning Assessor
Direction Off of Pacific and Venice
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 4226018027

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
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