20 HORIZON Avenue, Venice, CA 90291

$3,350,000
3,408
SqFt
List Price
$3,350,000
Status
ACTIVE
MLS#
19441040
Year Built
1910
Living Sq. Ft
3,408
Lot Size
5,398
Acres
0.1239
Days on Market
12
Property Type
Multifamily
Days on Market
3

Property Description

20 & 22 Horizon Ave is located steps from the sand in Venice Beach, the FAB 5 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 a fantastic Westside 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, and all aspects of the properties.

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Total Number of Units
5

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Barak Cassilly from RE/MAX ESTATE PROPERTIES

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.