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Map
$5,337,985*
●
Multifamily -
Off Market
20 HORIZON Avenue
Venice, CA 90291
7 Beds
5 Baths
3408 Sqft
$3,195,000 - $3,905,000
Reference Base Price*
50.37%
Since Feb 1, 2019
CA-Los Angeles
Primary Model
About This Property
Located steps from the sand in Venice Beach, the FAB 5 (20-22
Horizon Ave) presents a unique investment opportunity producing an
amazing cash flow and a potential long-term new construction exit
strategy of a 4 lot subdivision. The FAB 5 consists of a 4
unit multi-family building and a Single Family home located on
adjacent parcels. With potential for 80% vacancy and
immediate upside, a new owner can operate these assets at
approximately a 18.32GRM and a 3.66% CAP rate while pulling permits
for a new construction development. Opportunity awaits for the
savvy investor seeking a prime Westside investment in the heart of
Silicon Beach. Buyer and Buyer's agents to verify and rely on
their own investigations of the zoning, permits, development
potential, income, expenses, and all aspects of the properties.
The manager has listed the unit size as 3408 square feet.
The manager has listed the unit size as 3408 square feet.
Unit Size
3,408Ft²
Days on Market
-
Land Size
5,398.00 acres
Price per sqft
$1,042
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2019 | No longer available | - | |
| No longer available | |||
| Jan 12, 2019 | Price Decreased |
$3,550,000
↓ $150K
(4.1%)
|
|
| Price Decreased | |||
| Nov 28, 2018 | Listed | $3,700,000 | |
| Listed | |||
Property Highlights
Parking Available
20 HORIZON Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/28/2018
|
|
7 Bed
|
5 Bath
|
3408 ft²
|
$3,700,000
7 Bed
5 Bath
3408 ft²
|
-
-
|
-
|
-
|
Building Info
