Each 4-plex can be financed separately ! Side-by-side Corner Lot (2) 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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
Listing Snapshot
Days Online
140
Last Updated
Property Type
Apartment
Lot Size
0.06 Acres
Year Built
1913
MLS Number
SB25164133
Additional Details
Building
Built in 1913, 2 buildings, 2 stories, Entry level: 1, Entry location: Front
Community
Urban
Expenses
Operating: $59,311
Income
Gross Income: $245,064, Gross ScheduledIncome: $245,064, Net Operating Income: $181,230
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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