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

12 1/2 25th Place, Venice, California 90291 home-pic-0
ACTIVE$1,725,000
12 1/2 25th Place, Venice, California 90291
0Bed
0Bath
2,314Sqft
1,563Lot
Year Built
1909
Close
-
List price
$1.73M
Original List price
$1.77M
Price/Sqft
$745
HOA
-
Days on market
-
Sold On
-
MLS number
SB25024595
Home ConditionGood
Features
Excellent View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.73M(50th), sqft - 2314(40th), beds - undefined(50th), baths - undefined(50th).

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 interior images of a renovated unit showcase a modern, move-in ready condition. The kitchen features new white shaker cabinets, stainless steel appliances, and a stackable washer/dryer. The bathroom is also newly updated with white subway tile, a new vanity, and modern fixtures. The flooring throughout the renovated unit is consistent wood-look tile, and the walls are freshly painted. These extensive renovations bring the living spaces to a high standard, aligning with the 'Good' criteria for properties extensively renovated within 5-15 years, making them move-in ready with no immediate renovation required. The overall building's age, however, prevents an 'Excellent' rating for the entire property, as major systems for the 1909 structure may not all be new or within their expected lifespan, despite the unit-specific updates.
Pros & Cons

Pros

Exceptional Beachfront Location: Positioned directly on Venice Beach in an A+ neighborhood, offering unparalleled coastal living and immediate access to iconic attractions like Abbot Kinney and Santa Monica Pier.
Robust Investment Performance: Currently operating at a 5.11% CAP rate, this 4-plex presents a lucrative income-generating opportunity with strong financial returns for investors.
Renovated Units & Ocean Views: Most units have been renovated, with one unit currently vacant and ready for immediate occupancy or rental, and some units offering desirable ocean views.
Owner-User Flexibility: The availability of a renovated, vacant unit provides an ideal scenario for an owner-occupant to reside in a prime location while benefiting from rental income.
Strategic Silicon Beach Hub: Located in the heart of Silicon Beach, the property benefits from a high-demand rental market driven by major tech companies, ensuring strong tenant interest and potential appreciation.

Cons

Historic Property Age: Built in 1909, the property's age may entail higher ongoing maintenance costs, potential for unforeseen capital expenditures, and compliance with historic building regulations.
Limited Lot Size: The relatively small 1,563 sqft lot may restrict future expansion, limit outdoor amenity development, or pose challenges for adequate on-site parking for a four-unit property.
Recent Price Adjustment: The property has undergone a price reduction from its original listing, which could indicate initial overpricing or a longer market presence, potentially signaling buyer resistance.

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