241 Horizon Avenue

Venice, CA 90291

$2,899,000
Price
7
Beds
5
Baths
3,408 Sq. Ft.
$851 / Sq. Ft.
3,408
Sq. Ft.
$851
per Sq. Ft.

Description

GREAT NEW PRICE!! Don't miss this trophy property situated in an A+ location in Venice Beach. Just a few short blocks from both the Beach and Abbot Kinney, 241 Horizon is conveniently located steps from LA's finest dining, shopping, and entertainment. This property is NOT subject to City of LA Rent Control and is ideal for an owner-user or investor. This triplex built in 1987 features (2) 3-bedroom 2-bathroom units and (1) 1-bedroom 1- bathroom unit. The top floor unit has high vaulted ceilings and...GREAT NEW PRICE!! Don't miss this trophy property situated in an A+ location in Venice Beach. Just a few short blocks from both the Beach and Abbot Kinney, 241 Horizon is conveniently located steps from LA's finest dining, shopping, and entertainment. This property is NOT subject to City of LA Rent Control and is ideal for an owner-user or investor. This triplex built in 1987 features (2) 3-bedroom 2-bathroom units and (1) 1-bedroom 1- bathroom unit. The top floor unit has high vaulted ceilings and includes a spacious roof-top deck with views of the surrounding neighborhood. The bottom floor 1-bedroom unit has French doors that open to a spacious outdoor private patio. The middle unit has a deck on either end. The building is very secure with a fenced/gated and locked perimeter. There is plenty of on-site parking and street parking around this street-to-street lot that spans from San Juan Ave to Horizon Ave. All of the units have been meticulously maintained and are currently bringing in a total of $12,200 per month. Hurry, this type of property is not available often.

Listing Agents

  1. Janet Stearns

    Janet Stearns

    Listing Agent

    Compass

    DRE #01851243

  2. Cameron Stearns

    Cameron Stearns

    Alternative Listing Agent

    Compass

    DRE #01920602

Property Details for 241 Horizon Avenue

Parking Spaces Total
7
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3408
Assessor Parcel Number
4238-010-032

Location

Listing Courtesy of Compass, Janet Stearns, DRE #01851243; Compass, Cameron Stearns, DRE #01920602
Add your commute
LISTING UPDATED: 04/04/2024 08:49 AM

Property Details for 241 Horizon Avenue

StatusActive
MLS #PV23096309
Days on Market382
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.07 AC / 3,060 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Janet Stearns, DRE #01851243; Compass, Cameron Stearns, DRE #01920602
Add your commute

Virtual Tour

Building Information for 241 Horizon Avenue

Stories3Residences-Year Built1987Building Size-Lot Size0.07 AC / 3,060 SF

Payment Calculator

$18,698 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,821

Property Taxes

$2,877

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 241 Horizon Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $140,400
  • Gross Scheduled Income: $140,400
  • Net Operating Income: $93,233
Expense Details
  • Operating Expense: $47,167
  • Insurance Expense: $1,192
  • Trash Expense: $100
  • Water Sewer Expense: $100
  • Total Expenses: $42,955
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: B
  • Tax Census Tract: 2735.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 15
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Street level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway, Garage - 2 Car
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage - Two Door
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,100
  • Unit Type Total Rent: $5,100
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 241 Horizon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 241 Horizon Avenue

Taxable ValueLand$2,400,000Additions$450,000Total$2,850,000
Tax Record2023$34,520 ($2,877 / month)
Home Facts
Total Finished SqFt2,908 SqFtAbove Grade Finished SqFt2,908 SqFtLot Size3,060 SqFtStyleDuplexYear Built1987ZoningLARD1.5CountyLOS ANGELESAPN4238-010-032

Schools near 241 Horizon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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241 Horizon Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on June 1, 2023 by Compass, it's currently listed at $2,899,000. It has been on the market for a total of 382 days and was last sold on September 28, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 241 Horizon Avenue is a 7-bed, 5-bath, 3,408 sqft multi-family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Janet Stearns, DRE #01851243; Compass, Cameron Stearns, DRE #01920602

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.