Description
Just steps from Venice Beach, 38 Horizon Avenue presents a rare opportunity to own a premier income property in one of Southern California's most iconic beach communities. Situated on the first block from the sand, this well-located four-unit property offers an exceptional combination of immediate cash flow, long-term appreciation potential, and owner-user flexibility.According to the Certificate of Occupancy, the property is configured as 2 units and 2 guest rooms and currently consists of one spacious 3-bedroom, 2-bath upper unit, one 2-bedroom, 1-bath unit, and two guest rooms. The expansive upper unit offers an outstanding opportunity for an owner-user seeking the Venice Beach lifestyle while benefiting from income generated by the remaining units.Additional features include three rear parking spaces, a shared rooftop deck with ocean breezes and neighborhood views, and 100% occupancy, providing stable in-place income from day one. Investors will appreciate the property's excellent long-term rental upside in one of Los Angeles' most desirable coastal rental markets.An extraordinary opportunity exists to acquire the adjacent property at 36 Horizon Avenue, an identical building also being offered for sale. Purchase one or both to create a larger beachside investment portfolio with expanded income potential and future strategic options. The final photographs include both properties.Whether you're seeking a trophy coastal investment, a 1031 exchange opportunity, or a property that combines owner occupancy with income production, 38 Horizon Avenue offers a rare chance to own on the first block from world-famous Venice Beach.Interior inspections are available upon acceptance of an offer.
Details
| MLS # | 26852291 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 66 |
| Listing Provided By | Dogtown Realty | Jeff Konecke |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,608 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | LARD1.5 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiant |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Dishwasher, Refrigerator |
Parking
| Parking Features | Carport |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $1,647,500 low | high Med: $2,595,000 sqft: 2,608 low | high Med: 4,338 $ / sqft: $632 low | high Med: $598 On site: 66 low | high Med: 82 | |
Market Activity 90291
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Venice |
| Zip Code | 90291 |
| Area | C11 Venice |
| Listing VS Median (in 90291) | |
Price: $1,647,500 low | high Med: $2,595,000 sqft: 2,608 low | high Med: 4,338 $ / sqft: $632 low | high Med: $598 On site: 66 low | high Med: 82 | |
 | $1,647,50036 Horizon AvenueVenice, CA 90291 |