12 25th Place Venice, CA $ 3,900,000
12 25th Place
$ 3,900,000
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12 25th Place

Venice, CA, 90291
$ 3,900,000
Bedrooms8 Baths8.0 Sq 4,262

Monthly Estimate*

$ 25,921

Listed by Lyon Stahl Investment Real Estate, Inc.
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Multi-Family Home for sale in Venice, CA

for $3,900,000 with 8 bedrooms and 8 full baths. This 4,262 square foot home was built in 1913 on a lot size of 0.0607.

Each 4-plex can be financed separately ! Side-by-side 4-plexes right on the beach! 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 $246,804 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 enjoy the benefits of living in the heart of Venice as the property is close to Abbot Kinney, Santa Monica Pier, and much more.

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Multi-Family Active

Price

$ 3,900,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.0607

Year Built

1913

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

SB24096485

Days on Market

40

Features
General
Sewer PublicSewer
Zoning LARD1.5
Garage Spaces 0.0
Pool Features None
Year Built 1913
Property SubType Apartment
Gross Income 246804.0
Community Features Urban
Additional Parcels Description 4226018026
County Los Angeles
Net Operating Income 176507.0
Operating Expense 62893.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Off of Pacific and Venice
City Venice
Entry Location Front
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 8
MLS Area C11 - Venice
Lot Size Units SquareFeet
Lot Size Square Feet 2643.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 27
Property Sub Type Additional Apartment
Expected Active Date 2024-05-23
Cap Rate 4.53
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Exterior
Lot Features Item01UnitAcre
Water Source Public
Total Parking 0.0
Lot Size Area 2643.0
Number of Buildings 2
Spa N
Building Area Total 4262.0
Lot Size Acres 0.0607
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 12
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$25,921
Per Month
100%
0%
0%
Monthly Principal & Interest
$25,921
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$3,900,000 Listed Price

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12 25th Place, Venice, CA, 90291 is a Multi-Family Home for sale at $3,900,000 with 4,262 sqft and a lot size of 0.0607. 12 25th Place has 8 bedrooms, 8.0 baths, and was built in 1913. The property's zip code is 90291 which is in Venice, CA