20-22 Horizon Ave

Two Adjacent Parcels - Steps from Venice Beach!

Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Elfyer - Venice, CA House - For Sale
Located steps from the sand in Venice Beach, the FAB 5 (20-22 Horizon Ave) presents a unique investment opportunity that presents both an excellent cash flow and a redevelopment opportunity potential for 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.
  • Two separate parcels - Single Family + 4 unit building
  • Potential 80% Vacancy
  • Located across the alley from Snapchat
  • Multiple exit strategies - Develop, short-term, long-term rentals
MLS: 18-411482
Sq Ft: 3,408
Yr Built: 1910
Bdrms: 7
Baths: 5
Pool: No
Parking: Assigned
Asking: $3,700,000
Property Address
20-22 Horizon Ave
Venice, CA
90291
map View Map
Barak Cassilly
(310) 310-5508
Contact Agent
Visit Agent Website
Lic#: 02047004
RE/MAX Estate Properties
7131 w manchester ave 
  los angeles, CA CA
(310) 543-1031

Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.






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