25 Horizon Avenue

Venice, CA 90291

$3,025,000
Price
7
Beds
6
Baths
3,135 Sq. Ft.
$965 / Sq. Ft.
3,135
Sq. Ft.
$965
per Sq. Ft.

Description

Fantastic opportunity to acquire this six unit trophy building steps from the world famous Venice boardwalk. Totaling 3135 sqft, each unit is updated and remodeled in the main building, which consists of five units, four 1bed / 1bath and one 2 bed / 1 bath. As well as remodeled interiors, all the plumbing, electrical and roof are all new also. The sixth unit is a detached 1 bed / 1 bath bungalow, three or more of the units will be delivered vacant at the close of escrow. Further features include...

Property Details for 25 Horizon Avenue

Zoning
LARD1.5
Style
A-Frame
Year Built Numeric
1906

Property Details for 25 Horizon Avenue

StatusActive
MLS #20-618924
Year Built1906
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.06 AC / 2,699 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Location

Listing Courtesy of Compass, Michael Irvine, DRE #01839544

Listing Agent

  1. Michael Irvine

    Listing Agent

    Compass

    DRE #01839544

Building Information for 25 Horizon Avenue

Stories2Residences-Year Built1906Building Size-Lot Size0.06 AC / 2,699 SF

Payment Calculator

$10,880 per month

30 year fixed, 3.51% Interest

Principal and Interest

$10,880

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 25 Horizon Avenue

Summary
    Location and General Information
  • Direction Faces: South
  • Directions: West of Pacific, East of Ocean Front Walk, North of Windward Ave, South of Westminster Ave
  • Entry Location: Ground Level w/steps
  • Year Built Source: Vendor Enhanced
  • Zip 4: 3602
  • View Description: Peek-A-Boo
  • View: Yes
  • Water District: LADWP
  • City: Venice
  • Zip Code: 90291
  • County Or Parish: Los Angeles
  • Street Number Numeric: 25
  • Street Name: Horizon
  • State: CA
    Parking
  • Parking Garage: None
  • Total Parking: 0
    Taxes and HOA Information
  • Tax Mello Roos: Unknown
Property
    Property and Assessments
  • Assessed Improvement Percent: 20.0
  • Assessed Improvement Value: $216,451.00
  • Assessed Land Percent: 80
  • Assessed Land Value: $865,807.00
  • Assessed Total Value: $1,082,258.00
  • Assessor Parcel Number: 4226-006-015
  • Building Permit: Yes
  • Disclosures: Coastal Zone, Listing Broker Advantage, Rent Control
  • Property Condition: Updated/Remodeled
  • Probate: No
  • Number Of Photos: 26
    Lot Information
  • Levels: Multi/Split
  • Listing Area: Venice
  • Lot Acreage: 0.062
  • Lot Description: Single Lot
  • Lot Location: Beach Access, Alley Access
  • Lot Size Dimensions: 30x90
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: GuestHouse
  • Service Level: Full Service
  • Living Area: 3135
  • Lot Size Area: 2699
    Utilities
  • Sewer: In Street
  • Laundry: Outside, Room
  • Laundry Equipment: Own
  • Disability Access: None
  • Water: In Street
  • Pool Description: None
Interior and Exterior Features
    Exterior Features
  • Water Heater Features: Central Water Heater
  • Water Heaters: Yes
  • Alley: Yes
  • Exterior Construction: Hard Coat
  • Foundation Details: Other
  • Patio Features: Deck(s)
  • Pool: No
  • Spa: None
  • Spa: No
  • Tennis Court: None
  • Tennis: No
  • Roof: Asbestos Shingle
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s), Gated
    Interior Features
  • TV Services: Cable TV
  • Sprinklers: None
  • Number Refrigerator: 6
  • Kitchen Features: Remodeled, Marble Counters, Stone Counters, Galley Kitchen, Counter Top, Kitchenette
  • Bathroom Features: Remodeled
  • Baths Total: 6.0
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Built-In Gas, Built-Ins, Microwave, Oven, Range, Gas, Free Standing Gas
  • Cooling: None
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Refrigerator, Range/Oven, Freezer, Other, Built-Ins, Microwave
  • Flooring: Mixed, Hardwood, Carpet, Vinyl, Vinyl Tile
  • Windows: Garden Window
  • Heating: Electric, Wall Gas
  • Interior Features: Common Walls, Plaster Walls, Turnkey
  • Number of Carpet: 6
  • Number of Dishwasher: 6
  • Number Of Stories: 2
  • Beds Total: 7
    Room Information
  • Fireplace Rooms: None
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Financial Info as Of: 08/14/2020
  • Actual Gross Annual Income: $141,936
  • Gross Income: $146,736
  • Gross Operating Income: $141,936
  • Net Operating Income: $97,468.00
  • Total Annual Expense: 49268
    Unit Information
  • Type Of Units: apt
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
    Unit 1 Information
  • Unit Beds1: 1
  • Unit Baths1: 1
  • Unit Projected Rent1: $2,300.00
  • Unit Actual Rent1: $2,300.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $2,300.00
    Unit 2 Information
  • Unit Projected Rent2: $2,200.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $2,200.00
  • Unit Beds2: 1
  • Unit Baths2: 1
  • Unit Actual Rent2: $2,200.00
    Unit 3 Information
  • Unit Beds3: 1
  • Unit Baths3: 1
  • Unit Actual Rent3: $2,200.00
  • Like Units3: 1
  • Unit Projected Rent3: $2,200.00
  • Unit Rent3: $2,200.00
  • Unit Furnished3: No
    Unit 4 Information
  • Unit Beds4: 1
  • Unit Baths4: 1
  • Like Units4: 1
  • Unit Actual Rent4: $1,272.00
  • Unit Projected Rent4: $2,200.00
  • Unit Rent4: $1,272.00
  • Unit Furnished4: No
    Unit 5 Information
  • Unit Beds5: 1
  • Unit Baths5: 1
  • Like Units5: 1
  • Unit Projected Rent5: $2,300.00
  • Unit Actual Rent5: $1,406.00
  • Unit Rent5: $1,406.00
  • Unit Furnished5: No
    Unit 6 Information
  • Unit Beds6: 2
  • Unit Baths6: 1
  • Like Units6: 1
  • Unit Actual Rent6: $2,800.00
  • Unit Projected Rent6: $2,800.00
  • Unit Rent6: $2,800.00
  • Unit Furnished6: No
Rental
    Rental Information
  • Vacancy Rate: 50%
  • Gross Rent Multiplier: $20.62
  • Actual Annual Gross Rent: $146,136.00
  • Number Of Buildings: 2
  • Number Of Units: 6
  • Occupant Type: Tenant
  • Rent Control: 100
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV

Property History for 25 Horizon Ave

DateEvent & SourcePriceAppreciation
Sep 8, 2020

Price Change

CRMLS #20618924

$3,025,000
Sep 8, 2020

Price Change

CLAW #20-618924

$3,025,000
Aug 15, 2020

Listed (Active)

CRMLS #20618924

$3,300,000
DateEvent & SourcePrice
09/08/2020

Price Change

CRMLS #20618924

$3,025,000
09/08/2020

Price Change

CLAW #20-618924

$3,025,000
08/15/2020

Listed (Active)

CRMLS #20618924

$3,300,000

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

Public Records for 25 Horizon Avenue

Taxable ValueLand$918,800Additions$229,698Total$1,148,498
Tax Record2019$13,987
Home Facts
Beds1Total Finished SqFt3,135 SqFtAbove Grade Finished SqFt3,135 SqFtLot Size2,699 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLARD1.5CountyLOS ANGELESAPN4226006015

Schools near 25 Horizon Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Westminster Avenue Elementary SchoolPublicK-50.3 mi
5
Venice Skills CenterPublic0.5 mi
NR
Westside Global Awareness MagnetPublicK-80.8 mi
5
Animo Venice Charter High SchoolCharter9-120.8 mi
3

Westminster Avenue Elementary School

K-5, 0.3 mi, Public

5

Venice Skills Center

0.5 mi, Public

NR

Westside Global Awareness Magnet

K-8, 0.8 mi, Public

5

Animo Venice Charter High School

9-12, 0.8 mi, Charter

3

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.

Venice
Home to a vibrant surfing and skate culture, Venice maintains an edgy coolness that has long attracted the city’s free spirits. Venice was founded in the early 1900’s by a tobacco millionaire, Abbot Kinney. The area was originally a beach resort set on two miles of ocean front property. It was an...

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

25 Horizon Avenue is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on August 15, 2020 by Compass at $3,025,000. It has been on the market for a total of 35 days and was last sold on October 7, 2011. This listing's school district is Los Angeles Unified School District. Nearby schools include Mark Twain Middle School and World Languages Magnet, Teach Academy Of Technologies and Math, Science, & Technology Magnet Academy At Roosevelt High. 25 Horizon Avenue is a 7-bed, 6-bath, 3,135 sqft multi-family home built in 1906. This address can also be written as 25 Horizon Ave.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Michael Irvine, DRE #01839544

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