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20-22 Horizon Avenue, Venice, CA

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20-22 Horizon Avenue

Venice, CA 90291-5614 - Venice MF Submarket

Property Type:Multi-Family Number of Units:5 Status:Existing Year Built:1910
Stories:2 Building Size:3,408 SF Land Area:.12 AC (5,227 SF)
For Sale Price:$3,350,000 Price/Unit:$670,000.00 Cap Rate:3.88 % GRM:17.29

Parking:2.93 Parking Spaces / 1,000 SF

The bed-bath mix and unit counts are estimated based on information obtained through public record and sizes are estimated based on market standards. The actual models and unit mix are still to be determined.

Sale Notes:
20 & 22 Horizon Ave is located steps from the sand in Venice Beach, the FAB 5 presents a unique investment opportunity producing an amazing cash flow and a potential long-term new construction exit strategy of a 4 lot subdivision.

The FAB 5 consists of a 4 unit multi-family building and a Single Family home located on adjacent parcels. With potential for 80% vacancy and immediate upside, a new owner can operate these assets at a fantastic Westside CAP rate while pulling permits for a new construction development.

Opportunity awaits for the savvy investor seeking a prime Westside investment in the heart of Silicon Beach. Buyer and Buyer's agents to verify and rely on their own investigations of the zoning, permits, development potential, and all aspects of the properties.

Coastal Architecture
Barry Cassilly
(310) 930-6222

Barak Cassilly
(310) 310-5508

Casey Lins
(714) 333-6768

Scott Rosenberg
(310) 543-1031

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