CA > Venice
Venice, CA 90291,120 Westminster AVE
Venice, CA 90291,120 Westminster AVE
Venice, CA 90291,120 Westminster AVE
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Diego Magdaleno

Diego Magdaleno

1Vision Real Estate

+1(714) 681-1222
$4,395,000
Est. payment /mo
7,674 SqFt
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UPDATED:

11/25/2024 08:49 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,674 sqft

Price per Sqft $572

MLS Listing ID 24459106

HOA Y/N No

Year Built 1920

Lot Size 2,909 Sqft

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 C11 - Venice

Zoning LAC4

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Total Parking Spaces 9

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4238011024

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Michael Sterman • Marcus & Millichap
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