Side-by-side 4-plexes right on the beach currently operating at a 5.24% CAP RATE! 12-12.5 25th Pl,
Venice is a prime opportunity for any buyer looking to
take advantage of residential financing and own in an A+
neighborhood. 7/8 units are renovated.
Each unit offers comfortable living spaces and modern
amenities, ensuring a desirable rental experience for
tenants. Most units are renovated and some units have
ocean views! Currently, a majority of units are rented at
near-market rents and the property will gross $253,176
annually once the vacancies are filled.
Whether you’re looking to expand your investment
portfolio or seeking a lucrative income-generating
property, this offering stands as a testament to the allure
of coastal California living combined with the promise of
substantial financial returns.
12-12. 25th Pl is located in the heart of Silicon Beach, an
area that has attracted a wide range of technology
companies including Facebook, Google, and Snapchat.
Residents enjoy the benefits of living in the heart of Venice
as the property is close to Abbot Kinney, Santa Monica
Pier, and much more. Properties can be sold separate or together. OM in supplements.