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218 Horizon Ave 2 Unit Apartment Building $2,195,000 ($1,097,500/Unit) Venice, CA 90291
Investment Highlights
- Recently remodeled
- 2 car garage parking + 1 additional uncovered space
- Close to the beach and Abbot Kinney
- Central Heat & AC in both units
- Private laundry for each unit
Executive Summary
Rare opportunity to own a beautifully reimagined Craftsman-style duplex in the heart of Venice, just blocks from the sand and the shops and restaurants of Abbot Kinney Blvd. Both units have been meticulously remodeled from top to bottom while preserving the timeless character and charm of the original Craftsman architecture. Think custom millwork, warm wood tones, and thoughtful period-inspired detailing paired with modern finishes throughout. Each unit offers its own private outdoor space and private laundry, ideal for tenant comfort and long-term rentability. Private parking accommodates up to 3 cars, a coveted amenity in this walkable, high-demand pocket of Venice. This turnkey property is a versatile play for any buyer profile: an owner-user looking to live in one unit and rent the other, an investor seeking strong rental income in one of LA's most desirable coastal submarkets, or a 1031-exchange buyer looking to place capital into a fully renovated, low-maintenance asset with upside. Live the Venice lifestyle, world-class dining, boutique shopping, and the beach all within easy reach.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,200
|
$59.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,200
|
$59.18
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $130,200 |
| Annual Per SF | $59.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,200 |
| Annual Per SF | $59.18 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $1,097,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,200 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2020 |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,195,000 |
| Price Per Unit | $1,097,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2020 |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Deck
- Dining Room
- Freezer
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $6,600 | - |
| 1+1 | 1 | $4,250 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4238-012-034 | Improvements Assessment | $110,178 |
| Land Assessment | $1,279,608 | Total Assessment | $1,389,786 |
Property Taxes
Parcel Number
4238-012-034
Land Assessment
$1,279,608
Improvements Assessment
$110,178
Total Assessment
$1,389,786
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