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634 WESTMINSTER AVE Venice, CA 90291
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Key Details
Sold Price $3,250,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,716 sqft
Price per Sqft $874
MLS Listing ID 19-514290
Sold Date 02/17/20
Bedrooms 9
Year Built 1960
Lot Size 5,201 Sqft
Property Description
4.98% YEAR-ONE CAP RATE! - 634 Westminster Ave is RARE & FULLY RENOVATED Five-Unit apartment building, located in Red-Hot Venice Beach. The property is a 5 minute bike ride to the famed Venice Beach Boardwalk as well as trendy retail on Main St and Abbot Kinney Blvd! The units have been tastefully renovated with designer finishes and Private Patios. The property was built in 1960, features (8) on-site parking spots and in-unit washer/dryers. The unit mix consists of (1) Three-bedroom/Two-bathroom units, (3) Two- bedroom/One-bathroom units, and (1) Studio unit. With some of the highest rents in the nation, this asset is well positioned to be a terrific source of cash-flow and continual appreciation.
Location
State CA
County Los Angeles
Area Venice
Zoning LARD1.5
Rooms
Other Rooms Cabana
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 8.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Intero Real Estate Services
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