25 Horizon ave, Venice, CA 90291
Active
$2,050,000
6 Units
7 Beds
6 Baths
3,135 Area(sq.ft.)
Lot: 2,699 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,650 | $ 2,650 | $ 2,650 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,650 | $ 3,650 | $ 3,650 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,388 | $ 1,388 | $ 2,650 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,074 | $ 2,074 | $ 2,650 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,965 | $ 1,965 | $ 2,650 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,406 | $ 1,406 | $ 2,650 |
| 6 | 7 | 6 | $ 13,133 | $ 13,133 | $ 16,900 |
| MLS #: | 25522581 |
| Days On Market: | 309 |
| Listing Date: | March 31, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 654 |
| Price per unit: | $ 341,667 |
| Year Built: | 1906 |
Property Details
TWO (2) UNITS DELIVERED VACANT. 25 Horizon Ave presents a rare opportunity to acquire a 6-unit multifamily asset in the heart of Venice Beach, just steps from the sand. Perfectly positioned in one of the most iconic and dynamic rental markets in Los Angeles, the property offers residents unrivaled access to the beach, the Venice Boardwalk, Abbot Kinney Boulevard, and an array of top-tier dining, shopping, and entertainment options. Situated on a 2,699 SF lot, the building features 3,135 SF of rentable space, comprising one (1) two-bedroom, one-bath unit and five (5) one bedroom, one-bath units. Additionally, the property offers significant ADU potential, creating an opportunity for investors to further enhance rental income and value. With 35% upside in rents, this asset presents strong immediate and long-term growth potential. With its unbeatable coastal location, high rental demand, and substantial value-add potential, this offering represents a prime investment opportunity. Whether capitalizing on existing income or unlocking additional value through ADU development, 25 Horizon Ave is a rare, high-quality asset in one of Los Angeles' most coveted beachfront communities.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 157,896 |
| Total Annual Expense: | $ 52,341 |
| Net Operating Income: | $ 100,818 |
| Gross Annual Income: | $ 157,896 |
| Cap Rate: | 4.92% |
| Gross Rent Multiplier: | 12.98 |
| Actual Gross Rent: | $ 157,896 |
| Actual Gross Income: | $ 157,896 |
Structure
| Type of Units: | Multi-Family |
| Buildings: | 2 |
| Levels: | Multi/Split, Two |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | On street |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Dryer, Washer |
| Heating: | Wall |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
