235 Horizon Avenue

    Venice, CA 90291
    • $3,300,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: 19529434
    UPDATED: 42 min ago
    $3,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:
    Area:

    School Ratings & Info

    Description

    235 Horizon Ave is an extremely rare opportunity to acquire a true trophy asset, blocks from the beach, in one of the hottest markets in the country at over a $4.1% CAP!!!. Venice commands some of the highest rents and occupancy levels in the city. The property consists of 7 units, with a mix of (3) one-bedroom and (4) two-bedroom units. Three of the two-bedroom units will have been recently renovated with premium finishes that cater to the high paying tenant profile in the market. The parcel runs from block to block with frontage, and addresses, on both Horizon and San Juan. While the property has been well maintained, updated and professionally managed by the current ownership, it still affords an astute investor the opportunity to take advantage of more than 25% upside in rents through turnover or buyouts and strategic capital improvements.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

    www.northsdrealty.com/homes/100851206

    235 Horizon Avenue Venice, CA 90291

    • Price: $3,300,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 19529434
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1906
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    235 Horizon Ave is an extremely rare opportunity to acquire a true trophy asset, blocks from the beach, in one of the hottest markets in the country at over a $4.1% CAP!!!. Venice commands some of the highest rents and occupancy levels in the city. The property consists of 7 units, with a mix of (3) one-bedroom and (4) two-bedroom units. Three of the two-bedroom units will have been recently renovated with premium finishes that cater to the high paying tenant profile in the market. The parcel runs from block to block with frontage, and addresses, on both Horizon and San Juan. While the property has been well maintained, updated and professionally managed by the current ownership, it still affords an astute investor the opportunity to take advantage of more than 25% upside in rents through turnover or buyouts and strategic capital improvements.
    Exterior Features

    Parking Features None Parking YN No

    Interior Features

    Appliances Dishwasher Appliances YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 202212.00 Gross Multiplier 16.32 Gross Operating Income 196146.00 Net Operating Income 137148.00 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Daniel Withers of Matthews Real Estate Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T16:27:11.317. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.

     
    The Houston Team | Compass CA DRE#01991628
    2100 Costa Del Mar
    Carlsbad CA, 92009