20-22 Horizon Ave
Two Adjacent Parcels - Steps from Venice Beach!
|
|
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 |
| Asking: |
$3,700,000
|
|
| Address: |
20-22 Horizon Ave |
 |
Venice, CA |
| 90291 |
| |
|
|
|
|
