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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

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Beachfront Location: The property is a 4-plex located directly on Venice Beach, offering unparalleled access to the ocean and a highly desirable coastal lifestyle.
Top Cons:
Historic Property Age: Built in 1913, the property is over a century old, which may lead to higher long-term maintenance costs for original building systems despite unit remodels.

Compared to the nearby listings

Price:$1.75M vs avg $1.75M (+$0)50%
Size:1,948 sqft vs avg 2,546 sqft40%
Price/sqft:$896 vs avg $78680%

More Insights

Built in 1913 (112 years old).
Condition: The property was built in 1913, but the listing explicitly states that 'All units have been remodeled!' and 'Most units are renovated.' The images support this, showcasing modern, clean, and functional updates in the visible living areas and kitchen. The kitchen features white shaker-style cabinets, white countertops, stainless steel appliances, and a subway tile backsplash, all indicative of a recent renovation. The flooring is modern wood-look laminate. While the underlying building structure is over a century old, the individual units appear to be move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
Year Built
1913
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
$896
HOA
-
Days on market
-
Sold On
-
MLS number
SB25131020
Home ConditionGood
Features
Good View:
View-

About this home

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
Good
The property was built in 1913, but the listing explicitly states that 'All units have been remodeled!' and 'Most units are renovated.' The images support this, showcasing modern, clean, and functional updates in the visible living areas and kitchen. The kitchen features white shaker-style cabinets, white countertops, stainless steel appliances, and a subway tile backsplash, all indicative of a recent renovation. The flooring is modern wood-look laminate. While the underlying building structure is over a century old, the individual units appear to be move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
Pros & Cons

Pros

Prime Beachfront Location: The property is a 4-plex located directly on Venice Beach, offering unparalleled access to the ocean and a highly desirable coastal lifestyle.
Strong Investment Returns: Currently operating at a robust 5.34% CAP rate, this property presents a lucrative income-generating opportunity for investors.
Renovated & Modern Units: All units have been remodeled with modern amenities, reducing immediate capital expenditure for a new owner and attracting premium tenants.
Owner-User Flexibility: With one unit currently vacant, there's an ideal opportunity for an owner-user to occupy a unit while benefiting from rental income from the others.
High-Demand Neighborhood: Situated in the 'A+' Silicon Beach area, the property benefits from proximity to major tech companies, Abbot Kinney, and Santa Monica Pier, ensuring strong tenant demand.

Cons

Historic Property Age: Built in 1913, the property is over a century old, which may lead to higher long-term maintenance costs for original building systems despite unit remodels.
Limited Lot Size: The extremely small lot size of 1080 sqft offers minimal outdoor space and restricts any potential for future expansion or additional amenities.
Compact Unit Sizes: With 1948 sqft divided among four units, individual living spaces are likely to be compact, which may not appeal to all tenant preferences or family sizes.

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