120 Westminster Ave, Venice CA, 90291

Active

120 Westminster Ave

Venice CA, 90291

$4,700,000

$612.46 per sqft

Active

7,674 sqft

Multi-family

Built in 1920

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.

24-459106

MLSⓇ ID

November 1, 2024

Listed

November 9, 2024

Updated

Map

120 Westminster Ave
Venice CA, 90291

Interior Features

Total Stories: 3
Appliances: None
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 0.07 Acres

Other Property Details

Area Name: Venice
Days on Market: 8
Garage: No
Parking: Other
Parking Total: 9
View: No
County: Los Angeles
Pool: No
Zoning: LAC4

Listed by Michael Sterman with Marcus & Millichap
Listing Contact: 818-943-2319

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Shelhee Gal | CA DRE# 01721758 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 11/9/2024