241 Horizon Avenue, Venice, California 90291, Venice, 90291 - bed, bath

241 Horizon Avenue, Venice, California 90291 home-pic-0
ACTIVE$2,899,000
241 Horizon Avenue, Venice, California 90291
0Bed
0Bath
3,408Sqft
3,060Lot
Year Built
1987
Close
-
List price
$2.9M
Original List price
$3.1M
Price/Sqft
$851
HOA
-
Days on market
-
Sold On
-
MLS number
PV23096309
Home ConditionGood
Features
Good View:
Deck
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $2.90M(60th), sqft - 3408(60th), beds - undefined(50th), baths - undefined(50th).

GREAT NEW PRICE!! Don't miss this trophy property situated in an A+ location in Venice Beach. Just a few short blocks from both the Beach and Abbot Kinney, 241 Horizon is conveniently located steps from LA's finest dining, shopping, and entertainment. This property is NOT subject to City of LA Rent Control and is ideal for an owner-user or investor. This triplex built in 1987 features (2) 3-bedroom 2-bathroom units and (1) 1-bedroom 1- bathroom unit. The top floor unit has high vaulted ceilings and includes a spacious roof-top deck with views of the surrounding neighborhood. The bottom floor 1-bedroom unit has French doors that open to a spacious outdoor private patio. The middle unit has a deck on either end. The building is very secure with a fenced/gated and locked perimeter. There is plenty of on-site parking and street parking around this street-to-street lot that spans from San Juan Ave to Horizon Ave. All of the units have been meticulously maintained and are currently bringing in a total of $12,200 per month. Hurry, this type of property is not available often.

Price History

Date
Event
Price
09/28/22
Sold
$2,850,000
Condition Rating
Good

The property was built in 1987, which is within the 10-20 year range for a 'Good' rating if renovated. The listing states the units have been 'meticulously maintained'. The images show well-kept interiors with updated kitchens and bathrooms, suggesting a renovation within the last 15 years. While not brand new, the property appears move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Prime Location: Located in an A+ location in Venice Beach, close to the beach, Abbot Kinney, dining, shopping, and entertainment.
Income Potential: Currently generating $12,200 per month in rental income, making it an attractive investment opportunity.
Not Subject to Rent Control: The property is NOT subject to City of LA Rent Control, offering more flexibility for rental management.

Cons

Year Built: Built in 1987, the property may require updates to meet modern standards and preferences.
Price Point: The list price of $2,899,000 may be a barrier to entry for some investors or owner-users.

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