12 25th Place, Venice, CA 90291

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Glen Henderson

[email protected] +1(619) 889-7646

$3,395,000

Est. payment - /mo

4 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25164133

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional,Exchange

Property Type Res Income 2-4 Units

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

Zoning Assessor

Direction Off of Pacific and Venice

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4226018027

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

12 25th Place Venice, CA 90291

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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