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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.
- MLS® #18411482
- Square Footage3,408
- Year Built1910
- TypeResidential Income
- Sub-TypeApartment Building
- Parking Spaces6
- Date ListedNovember 28th, 2018
- Days on Market48
- Address20 Horizon Ave
- AreaVenice (C11)
- CountyLos Angeles
- Zip Code90291
- Interior FeaturesOther
- HeatingWall Gas
- # of Stories2
- Listing AgentBarak Cassilly(02047004)
- Listing OfficeRe/max Estate Properties
Price Change History for 20 Horizon Ave, Venice, CA (MLS® #18411482)
|Price Reduced (from $3,700,000)||$3,550,000||$150,000 (4.05%)|
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Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
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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