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235 Horizon Ave
Venice, CA 90291
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 4,416 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1906 |
| Zoning | RD-1.5 - Restricted Density Multiple Dwelling | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,416 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1906 |
| Zoning | RD-1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Refrigerator
- Oven
- Tub/Shower
About 235 HORIZON AVE , VENICE, CA 90291
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. Venice commands some of the highest rents and occupancy levels in the city. The property consists of 7 units, built in 1906, 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. The property is ideally located in a small residential area known as Windward Circle, just blocks from the sand to the west and Abbott Kinney (“the coolest block in America”) to the east. This area is the ‘East Village” of Venice, home to many in the arts and entertainment industry, and was the original “Center” in the early 1900’s.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 550 |
| 2+1 | 4 | - | 600 |
Property Taxes
| Parcel Number | 4238-010-030 | Improvements Assessment | $477,543 |
| Land Assessment | $2,653,020 | Total Assessment | $3,130,563 |
Property Taxes
