20-22 Horizon Ave
Two Adjacent Parcels - Steps from Venice Beach!
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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.
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Two separate parcels - Single Family + 4 unit building |
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Potential 80% Vacancy |
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Located across the alley from Snapchat |
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Multiple exit strategies - Develop, short-term, long-term rentals |
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| MLS: |
18-411482 |
| Sq
Ft: |
3,408 |
| Yr
Built: |
1910 |
| Bdrms: |
7 |
| Baths: |
5 |
| Asking: |
$3,700,000
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| Address: |
20-22 Horizon Ave |
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Venice, CA |
| 90291 |
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| RE/MAX Estate Properties |
| (310) 310-5508 |
| barak@rcre.co |
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| Lic#:
02047004 |
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Casey Lins
| RE/MAX Estate Properties |
| (714) 333-6768 |
| Casey@rcre.co |
| Lic#:
01902650 |
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