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 22, 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 MLSTM / 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 Joe Nasr | CA DRE# 1990484 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
