25 Horizon Ave 6 Unit Apartment Building $2,050,000 ($341,667/Unit) 4.40% Cap Rate Venice, CA 90291



INVESTMENT HIGHLIGHTS
- One – 2BR/1BA Unit and Five 1BR/1BA Units.
- Value-add investment opportunity with approximately 35% upside in rent.
- Also being sold as a portfolio (See brochure).
- Offering located in one of the most desirable rental markets of Venice Beach with an ideal renter profile.
- Potential to add an additional dwelling unit (ADU) attached to the back structure.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Price | $2,050,000 |
Price Per Unit | $341,667 |
Sale Type | Investment |
Cap Rate | 4.40% |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.06 AC |
Building Size | 3,135 SF |
Average Occupancy | 50% |
No. Stories | 2 |
Year Built | 1922 |
Zoning | LARD1.5 - Coastal Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 5 | - | 500 |
2+1 | 1 | - | 700 |
1 of 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (100)