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PENDING

241 Horizon Avenue, Venice, CA 90291$2,800,000

7
beds
5
baths
3408
ft2
· 3060
ft2 lot
$822 / ft2

Listing provided courtesy of Austin Zahn, Lyon Stahl Investment Real Estate, Inc.
Source CRMLS;
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Introducing 241 Horizon Ave (3 existing units including a 1 bedroom unit in the process of being permitted) this 1987 built triplex is NOT subject to City of LA Rent Control and is perfect for an owner-user or investor. This property features (2) 3-bedroom 2-bathroom units and (1) 1-bedroom 1-bathroom unit. Located a few short blocks from both the Beach and Abbot Kinney, 241 Horizon is around the corner from all the world class dining, shopping, and entertainment that Venice has to offer. The 3rd floor 3-bed 2-bath includes a spacious roof-top deck with views of the surrounding neighborhood. All of the units have been meticulously maintained and are currently bringing in a total of $11,700 per month.

HOA

No HOA

On market

2 months

Year built

1987

Property type

Multi-Family

Parking

5

MLS

SB22177250

Price / Sq.Ft.

$822 / ft2

Status

Pending

Buyer’s Brokerage Commission

2.25%

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Home details for 241 Horizon Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 3408.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LARD1.5
•   
Year Built Source: Public Records
Lot Info
•   
Lot Features: Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.0702
•   
Lot Size Area: 3060.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 3
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 100.00
•   
Trash Expense: 100.00
•   
Insurance Expense: 1192.00
•   
Total Expenses: 42955.00
•   
Gross Scheduled Income: 140400.00
•   
Tax Block: 6
•   
Operating Expense: 136188.00
Tax/Assessment Info
•   
Gross Income: 140400.00
•   
Tax Year: 2021
•   
Taxes: 12579.97
Lease Info
•   
Net Operating Income: 93233.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 2500.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 2500.00
Unit 2 Information
•   
Unit 2 Actual Rent: 4300.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 4300.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 4900.00
•   
Unit 1 Total Rent: 4900.00
Multi Unit Information
•   
# Of Units: 3
•   
Price Per Unit: 933333
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: Between San Juan and Horizon Ave
Other
Calculation
•   
Dom: 10
•   
Cdom: 10

Neighborhood snapshot

89
Properties for sale
32
Median days on market
$1108.71
Median sold price/sqft
98.47%
Sold/List %
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Property History for 241 Horizon Avenue

08/22/2022
08/22/2022
CRMLS #SB22177250
pending
CRMLS #SB22177250
$2,800,000
08/12/2022
08/12/2022
CRMLS #SB22177250
active
CRMLS #SB22177250
$2,800,000

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