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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.

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
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 - -
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 4226-018-026
  • 4226-018-027
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
  • Listing ID: 33611526

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 12 25th Ave, Venice, CA 90291

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