$1,875,000 Price Analysis   ♡   Venice, CA 90291 4 bed 4 bath 2,314 SqFt ($810/SqFt) 1,563SqFt lot. Built 1909 Listed 2024-06-03, Taxes $5,894 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Side-by-side 4-plexes right on the b each - must be sold together!
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 have been extensively 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 collects a gross income of $245, 064 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. 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 njoy the benefits of living in the heart of Venice as the property is close to Abbot Kinney, Santa Monica Pier and much more.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24105071 from CRMLS
Lot Size Acres: 0.0358815
Lot Size Source: Assessor
Lot Size Square Feet: 1563
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
County: Los Angeles
Cap Rate: 4.56
Source Property Type: Residential Income
Area: C11 - Venice
Source Neighborhood: C11 - Venice
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 4226018026
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $192,735 + $288,228 $480,963 | $5,894 |
| 2021 | $188,956 + $282,577 $471,533 | $5,809 |
| 2020 | $187,019 + $279,680 $466,699 | $5,866 |
| 2019 | $183,352 + $274,197 $457,549 | $5,638 |
| 2018 | $179,757 + $268,821 $448,578 | $5,608 |
| 2017 | $176,233 + $263,550 $439,783 | $5,490 |
| 2016 | $172,778 + $258,383 $431,161 | $5,347 |
| 2015 | $170,183 + $254,502 $424,685 | $5,271 |
| 2014 | $166,850 + $249,517 $416,367 | $5,312 |
| 2013 | $166,096 + $248,390 $414,486 | $5,307 |
| 2012 | $162,840 + $243,520 $406,360 | $5,378 |
| 2010 | $159,648 + $238,746 $398,394 | $5,275 |
| 2009 | $158,832 + $237,525 $396,357 | $5,079 |
| 2009 | $158,455 + $236,962 $395,417 | $5,079 |
| 2008 | $155,718 + $232,868 $388,586 | $4,865 |
| 2007 | $152,665 + $228,302 $380,967 | $4,702 |
$1,875,000
CRMLS
Listed 2024-06-03
$1,950,000
CRMLS
Sold 2023-01-30
$3,007,000
Public Record
Sold 1988-10-14
$272,000
Public Record
Sold 1985-06-13
$25,500
Public Record
Year Built: 1909
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: front
Property Age: 115
Property Attached: Yes
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.