12 25th Ave
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12 25th Ave
4 Unit Apartment Building $1,795,000 ($448,750/Unit) 5.22% Cap Rate Venice, CA 90291
INVESTMENT HIGHLIGHTS
- 4plex in prime Venice Beach - Vacant unit available
- Located just steps from the beach on a corner lot
- Units are renovated
- Comprised of (4) 1-Bed/1-Bath units
EXECUTIVE SUMMARY
4-plex right on the beach! 12 25th Pl, Venice is a prime
opportunity for any buyer looking to take advantage of
residential financing and own in an A+ neighborhood. All
units have been remodeled! One unit is currently vacant,
ideal for owner-user opportunity.
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!
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 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.
opportunity for any buyer looking to take advantage of
residential financing and own in an A+ neighborhood. All
units have been remodeled! One unit is currently vacant,
ideal for owner-user opportunity.
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!
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 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.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$131,112
|
$71.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,933
|
$2.14
|
| Effective Gross Income |
$127,179
|
$69.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,507
|
$18.21
|
| Net Operating Income |
$93,672
|
$50.91
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $131,112 |
| Annual Per SF | $71.26 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,933 |
| Annual Per SF | $2.14 |
| Effective Gross Income | |
|---|---|
| Annual | $127,179 |
| Annual Per SF | $69.12 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $33,507 |
| Annual Per SF | $18.21 |
| Net Operating Income | |
|---|---|
| Annual | $93,672 |
| Annual Per SF | $50.91 |
PROPERTY FACTS
| Price | $1,795,000 | Property Subtype | Apartment |
| Price Per Unit | $448,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.22% | Lot Size | 0.03 AC |
| Gross Rent Multiplier | 13.69 | Building Size | 1,948 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Price | $1,795,000 |
| Price Per Unit | $448,750 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 13.69 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 1,948 SF |
| No. Stories | 2 |
| Year Built | 1913 |
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 of 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,167,500 (2024) | |
| Land Assessment | $2,157,300 (2024) | Total Assessment | $4,324,800 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,157,300 (2024)
Improvements Assessment
$2,167,500 (2024)
Total Assessment
$4,324,800 (2024)
ZONING
| Zoning Code | LARD1.5 |
| LARD1.5 |
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