12 25Th Pl Los Angeles, CA 90291

Property Details for 12 25Th Pl

Year built

1913

Property type

Apartment buildings

Description

This exceptional Class A, 4-unit apartment building presents a compelling investment opportunity in the highly desirable Venice Beach area of Los Angeles, California. Located at 12 25th Place, this property boasts a prime location just steps from the beach, offering unparalleled coastal living. The building, constructed in 1913 and situated on a 1,080 square foot lot, comprises 1,948 square feet of net rentable space, distributed across four one-bedroom, one-bathroom units. All units have undergone extensive renovations, ensuring modern amenities and comfortable living spaces for tenants. The property's strong financial performance is evident in its current NOI of $87,902 and a pro-forma NOI of $95,239, translating to a 4.69% cap rate. The asking price is $1,875,000. The RD1.5 zoning permits a variety of uses. This two-story building offers a unique blend of historical charm and modern updates, making it an ideal investment for those seeking a high-return property in a coveted location. Its proximity to Abbot Kinney Boulevard, the Santa Monica Pier, and the thriving Silicon Beach tech scene adds to its appeal. The potential for owner-occupancy further enhances the investment potential. This is a rare opportunity to acquire a meticulously maintained, high-performing multifamily property in one of Los Angeles' most sought-after neighborhoods.