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Venice Beach Multifamily Opportunity
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241 Horizon Avenue, Venice, CA 90291

Multifamily property near the beach and Abbot Kinney.

Property SizeContact for details
Days on Market224

Property Features for 241 Horizon Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Building Details

Buildings 1
Stories 3
Units 3
Listing Agency: Compass
Listed By: Janet Stearns · License #01920602
Source: Crexi
Added: Jan 6 Changed: Aug 17 Last Checked: Aug 17 at 12:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This multifamily property is located in Venice Beach, near the beach and Abbot Kinney. Constructed in 1987, the property is permitted as a 2-unit building, featuring two 3-bedroom, 2-bath units, plus an additional 1-bedroom, 1-bath space currently used 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 includes vaulted ceilings, a fireplace, and a rooftop deck with neighborhood views. The middle unit also features a fireplace and decks on both ends. The ground-level 1-bedroom opens through French doors to a private outdoor patio. The building has been well maintained and offers garage parking, driveway parking as well as street parking. The property currently generates $10,950 per month in rental income.

Key Highlights

  • A+ Venice Beach location, blocks from the beach and Abbot Kinney.
  • Two spacious 3‑bedroom, 2‑bath units.
  • Generates $10,950 per month in rental income.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Nursing Home (Bike/Boat/Book/etc) Store Daycare Center Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,592
Businesses Nearby

Demographics for 90291, CA

28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property near the beach and Abbot Kinney.
Where is this multifamily property located?
The property is located at 241 Horizon Avenue Venice, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: A+ Venice Beach location, blocks from the beach and Abbot Kinney.; Two spacious 3‑bedroom, 2‑bath units.; Generates $10,950 per month in rental income.
(310) 872-8785 Call to check price and availability
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