12 25th Place
Description
opportunity for any buyer looking to take advantage of
residential financing and own in an A+ neighborhood. All
units have been extensively remodeled! Can work with buyer on vacating a unit for owner occupancy. 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...4-plex right on the beach! 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 extensively remodeled! Can work with buyer on vacating a unit for owner occupancy. 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.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
Property Details for 12 25th Place
Property Details for 12 25th Place
| Status | Active |
|---|---|
| MLS # | SB24219052 |
| Days on Market | 34 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1913 |
| Lot Size | 0.02 AC / 1,080 SF |
| County | Los Angeles County |
Building Information for 12 25th Place
Property Information for 12 25th Place
- Gross Income: $125,652
- Gross Scheduled Income: $125,652
- Net Operating Income: $87,902
- Gross Multiplier: 1492.0
- Cap Rate: 4.69
- Operating Expense: $33,980
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $33,980
- Tax Block: 19
- Tax Tract Number: 1234
- Tax Census Tract: 2739.02
- CFD/Mello-Roos Fee: $247
- Tax Lot: 27
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,650
- Unit Type Total Rent: $2,650
- Unit Type Pro Forma: 2795
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,490
- Unit Type Total Rent: $2,490
- Unit Type Pro Forma: 2795
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,386
- Unit Type Total Rent: $2,386
- Unit Type Pro Forma: 2795
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,790
- Unit Type Total Rent: $2,790
- Unit Type Pro Forma: 2795
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 12 25th Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12 25th Place
Schools near 12 25th Place
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Coeur D'Alene Avenue Elementary School PublicK to 5 | ||
Venice Senior High School Public9 to 12 | ||
Westside Global Awareness Magnet PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.