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

12 1/2 25th Place 2, Venice, California 90291 home-pic-0
ACTIVE$1,725,000
12 1/2 25th Place 2, Venice, California 90291
0Bed
0Bath
2,314Sqft
1,563Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Beachfront Location: Situated directly on the beach in an A+ Venice neighborhood, offering unparalleled coastal living and high tenant demand.
Top Cons:
Historic Property Age: Built in 1909, the property's age may necessitate ongoing capital expenditures for major building systems (e.g., plumbing, electrical, foundation) beyond unit renovations.

Compared to the nearby listings

Price:$1.73M vs avg $1.73M (+$0)50%
Size:2,314 sqft vs avg 2,546 sqft40%
Price/sqft:$745 vs avg $74550%

More Insights

Built in 1909 (116 years old).
Condition: While the property was built in 1909, the listing explicitly states that 'most units are renovated,' and the provided images showcase a recently updated unit. This renovated unit features a modern kitchen with new white shaker cabinets, white countertops, stainless steel appliances (including a stacked washer/dryer), and contemporary grey-toned flooring throughout. The walls are freshly painted, and lighting fixtures are modern. This unit is move-in ready and meets current quality standards. However, the property's significant age (1909) suggests that major building systems (e.g., plumbing, electrical, foundation) may still require ongoing capital expenditures beyond the unit renovations, preventing an 'Excellent' rating for the entire 4-plex.
Year Built
1909
Close
-
List price
$1.73M
Original List price
$1.73M
Price/Sqft
$745
HOA
-
Days on market
-
Sold On
-
MLS number
SB25131033
Home ConditionGood
Features
Excellent View:
Patio
View-

About this home

4-plex right on the beach currently operating at a 5.11% 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. One unit is currently renovated and vacant - perfect for owner-user! 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
Good
While the property was built in 1909, the listing explicitly states that 'most units are renovated,' and the provided images showcase a recently updated unit. This renovated unit features a modern kitchen with new white shaker cabinets, white countertops, stainless steel appliances (including a stacked washer/dryer), and contemporary grey-toned flooring throughout. The walls are freshly painted, and lighting fixtures are modern. This unit is move-in ready and meets current quality standards. However, the property's significant age (1909) suggests that major building systems (e.g., plumbing, electrical, foundation) may still require ongoing capital expenditures beyond the unit renovations, preventing an 'Excellent' rating for the entire 4-plex.
Pros & Cons

Pros

Prime Beachfront Location: Situated directly on the beach in an A+ Venice neighborhood, offering unparalleled coastal living and high tenant demand.
Strong Investment Performance: Currently operating at a robust 5.11% CAP RATE, indicating a lucrative income-generating asset with substantial financial returns.
Owner-User Flexibility: One unit is recently renovated and vacant, providing an ideal opportunity for an owner-user to occupy while generating rental income from other units.
High Demand Rental Market: Located in the heart of Silicon Beach, attracting a strong tenant pool from major tech companies and offering proximity to popular attractions like Abbot Kinney and Santa Monica Pier.
Renovated Units & Ocean Views: Most units have been renovated, and some offer desirable ocean views, enhancing tenant appeal and property value.

Cons

Historic Property Age: Built in 1909, the property's age may necessitate ongoing capital expenditures for major building systems (e.g., plumbing, electrical, foundation) beyond unit renovations.
Limited Lot Size: The relatively small lot size of 1,563 sqft for a 4-plex could limit parking availability, common outdoor space, or future expansion potential.
High Operating Costs: A prime beachfront location in Venice typically entails very high property taxes and potentially elevated insurance costs (e.g., flood, earthquake), impacting net operating income.

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