241 Horizon Avenue, Venice, CA 90291

241 Horizon Avenue, Venice, CA 90291

Venice, CA

Property Description

Introducing 241 Horizon Ave (3 existing units including a 1 bedroom unit in the process of being permitted) this 1987 built triplex is NOT subject to City of LA Rent Control and is perfect for an owner-user or investor. This property features (2) 3-bedroom 2-bathroom units and (1) 1-bedroom 1-bathroom unit. Located a few short blocks from both the Beach and Abbot Kinney, 241 Horizon is around the corner from all the world class dining, shopping, and entertainment that Venice has to offer. The 3rd floor 3-bed 2-bath includes a spacious roof-top deck with views of the surrounding neighborhood. All of the units have been meticulously maintained and are currently bringing in a total of $11,700 per month.

Property Features

  • Sale Price: $2,850,000
  • Area Size: 3,408 Sq. Ft.
  • Land Area: 3,060 Sq. Ft.
  • Year Built: 1987
  • Listing Date: 8/12/2022
  • Closing Date: 9/28/2022
  • Units: 3
  • Current GRM: 19.94
  • Current Cap Rate: 3.33%
  • Price Per Unit: $933,333
  • Market GRM: 17.81
  • Market Cap Rate: 3.91%

Lyon Stahl Investment Real Estate

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