241 Horizon Avenue, Venice, California 90291, Venice, 90291 - 0 bed, 0 bath
Loading property details...
Venice, California 90291
Analysis of 241 Horizon Avenue, Venice, California 90291 is currently available with a list price of $2,695,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Venice Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1987, the property is well-maintained but shows its age in key areas. The kitchens feature dated laminate countertops and cabinets, and one bathroom, in particular, has very outdated mosaic tiling and fixtures. While functional, significant aesthetic updates are needed to modernize the interior to current standards.
The property boasts an A+ Venice Beach location, just blocks from the sand, Abbot Kinney, and a vibrant array of dining, shopping, and entertainment options.
Currently generating $10,950 per month in rental income, this property offers strong cash flow and investment potential.
Permitted as a 2-unit building with two spacious 3-bedroom, 2-bath units, it presents an excellent opportunity for income generation or owner-occupancy with rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3408, other record living area = 2908.
The property includes an unpermitted 1-bedroom unit, creating potential legal and compliance challenges that require extensive buyer due diligence and possible remediation costs.
While described as well-maintained, the 1987 construction year suggests that some building systems or interior finishes may be dated, potentially necessitating future capital investment for modernization.
Don’t miss this exceptional multifamily opportunity in an A+ Venice Beach location. Just blocks from the sand and Abbot Kinney, 241 Horizon Ave is ideally positioned near some of Los Angeles’ best dining, shopping, and entertainment. Built in 1987, the property is permitted as a 2-unit building and features two spacious 3-bedroom, 2-bath units, plus an additional 1-bedroom, 1-bath space (unpermitted) currently used by a tenant as an office. Buyers are advised to conduct their own due diligence and consult with the appropriate authorities regarding the legal use of this third unit. The top-floor residence boasts soaring vaulted ceilings, a fireplace, and a generous rooftop deck with neighborhood views. The middle unit also features a fireplace and decks on both ends, offering excellent indoor-outdoor flow. The ground-level 1-bedroom opens through French doors to a large, private outdoor patio. The building has been well maintained and currently generates $10,950 per month in rental income. It offers garage parking, driveway parking as well as street parking. Properties like this rarely come to market in Venice—an outstanding opportunity in a premier coastal neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,408 | 796 | 67% |
| Lot Size | 3,060 | 2,550 | 67% |
| Price | $2.69M | $1.26M | 67% |
| Price per sq ft | $791 | $1.6K | 33% |
| Built year | 1987 | 1926 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 156 | 33% |
Jan 22, 2026
$2,695,000
Initial Listing
Sep 28, 2022
$2,850,000
Public Record