512 Westminster Ave, Venice, CA 90291
512 Westminster Ave, Venice, CA 90291
512 Westminster Ave, Venice, CA 90291
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$2,595,000
Est. payment /mo
12 Beds
6 Baths
4,338 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,338 sqft

Price per Sqft $598

MLS Listing ID 26845147

Bedrooms 12

Year Built 1962

Lot Size 5,200 Sqft

Acres 0.1194

Property Sub-Type Multi-Family

Property Description

4-Plex with 6 Income Producing Units - (2) 4+2 split into 4 units: (2) 3+1, (2) 0+1 - 512 Westminster Avenue presents a rare value-add multifamily investment opportunity in the heart of Venice, one of Los Angeles' most sought-after coastal rental markets. Ideally situated just steps from world renowned Abbot Kinney Boulevard, the property benefits from exceptional walkability and immediate access to Venice's premier collection of boutique shopping, acclaimed restaurants, cafes, galleries, and entertainment.The property consists of a well-maintained 4-plex totaling approximately4,338 square feet on a 5,200-square-foot lot. The front upper and front lower units are currently configured as separate 3-bedroom, 1-bathroom residences with adjoining studio units, each studio containing its own bathroom. These configurations were originally designed as two 4-bedroom, 2-bathroom units and were subsequently divided, creating a 3-bedroom, 1-bathroom unit and a studio unit with bathroom in each case.As a result, the property currently operates with four 3-bedroom, 1-bathroom units and two studio units.With six income-producing units, significant frontage in a premierWestside location, and multiple avenues for future upside, 512Westminster Avenue offers investors the opportunity to acquire a trophyVenice asset with stable in-place income and compelling long-term appreciation potential in one of Southern California's most dynamic coastal communities.

Location

State CA

County Los Angeles

Area Venice

Zoning LARD1.5

Rooms

Other Rooms Shed(s)

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Driveway

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by RE/MAX One
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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512 Westminster Ave