12 25th Ave - Apartments FOR SALE


Venice, CA 90291
$3,395,000 USD
310-259-7556
12 25th Ave, Venice, CA for Sale
$3,395,000 USD
Apartments - FOR SALE
1/33
null | 5.2% Cap Rate

12 25th Ave
Venice, CA 90291


HIGHLIGHTS

  • CURRENT 5.20% CAP RATE!!
  • Two 4 plexes in prime Venice Beach
  • Comprised of (8) 1-Bed/1-Bath units
  • 7/8 units are near market rent
  • Located just steps from the beach on a corner lot
  • May be financed as two 4plexes, allowing the buyer to better leverage their money

OVERVIEW

Side-by-side CORNER LOT 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

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$1,845 USD /SF

# OF UNITS

8

PRICE/UNIT

$424,375

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-12 1/2 25th Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,095 SF

ZONING

LARD1.5

APN/PARCEL ID

4226-018-026,4226-018-027

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.