Silicon Beach Properties
Tracy Thrower Conyers • CalBRE #01712960
424 214 3160424 214 3160
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Silicon Beach Properties
buy. sell. lease. residential in silicon beach.

20 HORIZON Avenue, Venice, CA 90291 (MLS # 18411482)

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PRICE $3,700,000
BEDS n/a
BATHS 0 baths
HOME SIZE 3,408 sq ft
LOT SIZE 5,398 sqft

Located steps from the sand in Venice Beach, the FAB 5 (20-22 Horizon Ave) presents a unique investment opportunity producing an amazing cash flow and a potential long-term new construction exit strategy of a 4 lot subdivision. The FAB 5 consists of a 4 unit multi-family building and a Single Family home located on adjacent parcels. With potential for 80% vacancy and immediate upside, a new owner can operate these assets at approximately a 16GRM and a 4.4% CAP rate while pulling permits for a new construction development. Opportunity awaits for the savvy investor seeking a prime Westside investment in the heart of Silicon Beach. Buyer and Buyer's agents to verify and rely on their own investigations of the zoning, permits, development potential, income, expenses, and all aspects of the properties.

DAYS ON MARKET Login to view Days on Market LAST UPDATED 12/6/2018
YEAR BUILT 1910 COMMUNITY Venice
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
COLISTAGENTFIRSTNAME Barry
COLISTAGENTLASTNAME Cassilly
COLISTAGENTSTATELICENSE 01316204
COLISTOFFICENAME Power Brokers International
COOLING See Remarks
LAUNDRYFEATURES See Remarks
LISTAGENTSTATELICENSE 02047004
LOTSIZESOURCE See Remarks
LOTSIZEUNITS Square Feet
MLSAREAMAJOR C11 - Venice
PARCELNUMBER 4226007024
PARKINGFEATURES Assigned
PRICEPERSQUAREFOOT 1085.68
PROPERTYTYPE Residential Income
SPECIALLISTINGCONDITIONS Standard


91 Walker's Paradise

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Listing provided by : Barak Cassilly License # 02047004, RE/MAX ESTATE PROPERTIES Co-Listed with Barry Cassilly License # 01316204, Power Brokers International

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 12/18/18 5:55 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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