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12 25th Place, Venice, California 90291, Venice, 90291 - bed, bath

12 25th Place, Venice, California 90291 home-pic-0
ACTIVE$1,745,000
12 25th Place, Venice, California 90291
0Bed
0Bath
1,948Sqft
1,080Lot
Year Built
1913
Close
-
List price
$1.75M
Original List price
$1.88M
Price/Sqft
$896
HOA
-
Days on market
-
Sold On
-
MLS number
SB24219052
Home ConditionExcellent
Features
Excellent View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(50th), sqft - 1948(40th), beds - undefined(50th), baths - undefined(50th).

4-plex right on the beach currently operating at a 5.34% CAP RATE! 12 25th Pl, Venice is a prime opportunity for any buyer looking to take advantage of residential financing and own in an A+ neighborhood. All units have been remodeled! One unit is currently vacant, ideal for owner-user opportunity. 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! 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 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. OM in supplements.

Price History

Date
Event
Price
01/30/23
Sold
$3,007,000
Condition Rating
Excellent
Despite being built in 1913, the listing explicitly states 'All units have been remodeled!' and the images strongly support this. The kitchens feature modern white shaker cabinets, new stainless steel appliances (including a gas range and stacked washer/dryer), white countertops, and contemporary light grey wood-plank flooring. The overall aesthetic is clean, bright, and modern, indicating a very recent and extensive renovation, likely within the last 5 years. While no bathroom images are provided, the consistent quality of the visible renovations suggests they would also be in excellent, updated condition. The property presents as virtually new inside the units, meeting current quality standards.
Pros & Cons

Pros

Unbeatable Beachfront Location: Situated directly on the beach in Venice, this property benefits from a highly coveted and rare A+ coastal location, ensuring strong rental demand and appreciation potential.
Strong Income & Investment Potential: Operating at a competitive 5.34% CAP rate, this 4-plex offers a lucrative income-generating opportunity with the added advantage of residential financing options.
Fully Remodeled Units: All units have undergone remodeling, featuring modern amenities and comfortable living spaces, minimizing immediate capital expenditure for a new owner and attracting quality tenants.
Owner-User Flexibility: With one unit currently vacant, the property presents an ideal owner-user scenario, allowing a buyer to reside on-site while benefiting from rental income from the other three units.
Proximity to Major Hubs & Amenities: Located in the heart of Silicon Beach and close to iconic attractions like Abbot Kinney and Santa Monica Pier, the property offers unparalleled access to employment centers and vibrant lifestyle amenities.

Cons

Significant Price Discrepancy: The current list price is substantially lower than the last recorded sale price in early 2023, necessitating a thorough investigation into the reasons for this significant value adjustment.
Historic Property Age: Built in 1913, the property's century-old foundation and core systems, despite unit remodels, may require ongoing and potentially costly maintenance or upgrades in the future.
Limited Lot Size: The relatively small 1,080 sqft lot size may restrict outdoor living space, parking availability, and future expansion possibilities, which could be a consideration for tenants and long-term development.

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