120 Westminster Ave Active Save Request In-Person Tour Request Virtual Tour
Venice,CA 90291
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,674 sqft
Price per Sqft $572
MLS Listing ID 24-459106
Year Built 1920
Lot Size 2,911 Sqft
Acres 0.0668
Property Description
We are pleased to present 120 Westminster Ave, a 20 + 1 unit apartment building located in Venice, a very desirable submarket of Los Angeles. Built in 1920, the property consists of four (4) bachelor units, eight (8) studio units, seven (7) one-bedroom + one-bathroom units and one (1) one-bedroom + one-bathroom +loft unit. The building is 7,674 gross square feet and sits on a 5,312 square foot lot.120 Westminster Ave, is situated in the heart of Venice, offering both a residential charm and access to lively surroundings. The location is just steps away from the beach and the trendy Abbot Kinney Boulevard, which is lined with upscale boutiques and cafes. It's also a short drive to Santa Monica, Marina del Rey, and other popular Westside locations.120 Westminster Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.56% with the ability to improve to a 7.29% CAP rate once units turnover.
Location
State CA
County Los Angeles
Area Venice
Zoning LAC4
Rooms
Other Rooms None
Interior
Heating None
Cooling Wall/Window
Equipment None
Exterior
Parking Features Other
Garage Spaces 9.0
Building
Story 3
Level or Stories Multi/Split
Others
Special Listing Condition Standard