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  • Price$3,550,000
  • Beds7
  • Baths5
  • Sq. Ft.3,408
  • Built1910

20 Horizon Ave, Venice

Located steps from the sand in Venice Beach, the FAB 5 (20-22 Horizon Ave) presents a unique investment opportunity producing an amazing cash flow and a potential long-term new construction exit strategy of a 4 lot subdivision. The FAB 5 consists of a 4 unit multi-family building and a Single Family home located on adjacent parcels. With potential for 80% vacancy and immediate upside, a new owner can operate these assets at approximately a 18.32GRM and a 3.66% CAP rate while pulling permits for a new construction development. Opportunity awaits for the savvy investor seeking a prime Westside investment in the heart of Silicon Beach. Buyer and Buyer's agents to verify and rely on their own investigations of the zoning, permits, development potential, income, expenses, and all aspects of the properties.

Essential Information

  • MLS® #18411482
  • Price$3,550,000
  • Bedrooms7
  • Bathrooms5.00
  • Square Footage3,408
  • Acres0.00
  • Year Built1910
  • TypeResidential Income
  • Sub-TypeApartment Building
  • StatusActive

Amenities

  • Parking Spaces6
  • ParkingAssigned

Additional Information

  • Date ListedNovember 28th, 2018
  • Days on Market48
  • ZoningLARD1.5

Community Information

  • Address20 Horizon Ave
  • AreaVenice (C11)
  • CityVenice
  • CountyLos Angeles
  • StateCA
  • Zip Code90291

Interior

  • Interior FeaturesOther
  • HeatingWall Gas
  • CoolingOther
  • # of Stories2

Listing Details

  • Listing AgentBarak Cassilly(02047004)
  • Listing OfficeRe/max Estate Properties

Price Change History for 20 Horizon Ave, Venice, CA (MLS® #18411482)

Date Details Price Change
Price Reduced (from $3,700,000) $3,550,000 $150,000 (4.05%)
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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

Last updated on January 15th, 2019 at 8:15pm PST