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12 1/2 25th Place 1.5, Venice, California 90291, Venice, 90291 - bed, bath

12 1/2 25th Place 1.5, Venice, California 90291 home-pic-0
ACTIVE$1,699,000
12 1/2 25th Place 1.5, Venice, California 90291
0Bed
0Bath
2,314Sqft
1,563Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Beachfront Location: Directly on Venice Beach, within an A+ neighborhood, offering unparalleled access to coastal living and attractions like Abbot Kinney and Santa Monica Pier.
Top Cons:
Historic Property Age: Built in 1909, the property's age may present ongoing maintenance challenges or require significant capital expenditures for systems not covered by recent renovations.

Compared to the nearby listings

Price:$1.70M vs avg $1.70M (+$0)50%
Size:2,314 sqft vs avg 2,546 sqft40%
Price/sqft:$734 vs avg $73450%

More Insights

Built in 1909 (116 years old).
Condition: Despite being built in 1909, the property description states 'Most units are renovated,' and the provided images confirm extensive, high-quality recent renovations. The kitchen features new white shaker cabinets, modern white countertops, and new stainless steel appliances (range, refrigerator, stacked washer/dryer). The bathroom is also fully updated with new white subway-style tiling, a modern vanity, and fixtures. Throughout the visible units, there is consistent, new light grey wood-look tile flooring. All visible components appear new or virtually new, meeting current quality standards, indicating a very recent and thorough renovation that aligns with the 'Excellent' condition criteria.
Year Built
1909
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$734
HOA
-
Days on market
-
Sold On
-
MLS number
SB25164107
Home ConditionExcellent
Features
Excellent View:
View-

About this home

4-plex right on the beach currently operating at a 4.93% CAP RATE! 12.5 25th Pl, Venice is a prime opportunity for any buyer looking to take advantage of residential financing and own in an A+ neighborhood. Perfect for owner-user opportunity or investors looking to capitalize on Venice's historic route! 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. 12.5 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. OM in supplements.

Condition Rating
Excellent
Despite being built in 1909, the property description states 'Most units are renovated,' and the provided images confirm extensive, high-quality recent renovations. The kitchen features new white shaker cabinets, modern white countertops, and new stainless steel appliances (range, refrigerator, stacked washer/dryer). The bathroom is also fully updated with new white subway-style tiling, a modern vanity, and fixtures. Throughout the visible units, there is consistent, new light grey wood-look tile flooring. All visible components appear new or virtually new, meeting current quality standards, indicating a very recent and thorough renovation that aligns with the 'Excellent' condition criteria.
Pros & Cons

Pros

Unbeatable Beachfront Location: Directly on Venice Beach, within an A+ neighborhood, offering unparalleled access to coastal living and attractions like Abbot Kinney and Santa Monica Pier.
High-Yield Investment Opportunity: Boasts a strong 4.93% CAP rate, positioning it as a lucrative income-generating quadruplex ideal for investors or owner-users leveraging residential financing.
Renovated & Desirable Units: Most units are renovated with modern amenities, ensuring comfortable living spaces and strong tenant appeal, with the added bonus of ocean views from some units.
Strategic Silicon Beach Hub: Located in the heart of Silicon Beach, attracting a robust tenant pool from major tech companies like Facebook, Google, and Snapchat, ensuring consistent demand.
Versatile Ownership Potential: Suitable for both owner-users seeking a prime Venice residence with income, and investors looking to capitalize on the area's historic rental market.

Cons

Historic Property Age: Built in 1909, the property's age may present ongoing maintenance challenges or require significant capital expenditures for systems not covered by recent renovations.
Limited Lot Size: The small 1,563 sqft lot size restricts outdoor space, potential for expansion, or ample parking, which can be a drawback for tenants or future development.
Partial Ocean Views: While some units offer ocean views, not all units benefit from this premium feature, potentially limiting the overall rental premium across the entire quadruplex.

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