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$2,595,000
98 Days On Site

512 Westminster Avenue
Venice, CA 90291

For Sale|Residential Income|Active Under Contract
12
Beds
6
Total Baths
4,338
SqFt
$598
/SqFt
1962
Built
County:
Los Angeles
Listed by Chase Simonton of RE/MAX One [email protected]
Call Now: 213.998.6500
Is this the listing for you? We can help make it yours.
213.998.6500
512 Westminster Avenue512 Westminster Avenue512 Westminster Avenue512 Westminster Avenue
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Monthly Payment (Est.)

$11,839
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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.

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Listing Snapshot
Price 
$2,595,000
Days On Site 
98 Days
Bedrooms 
12
Inside Area (SqFt) 
4,338 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1194 Acres
Year Built 
1962
MLS® Number 
26845147
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
a week agoStatus changed to Active Under Contract
2 months agoPrice changed to $2,595,000
3 months agoListing first seen on site
General Features
Acres 
0.1194
Levels 
Two
Number Of Stories 
2
Parking 
Driveway
Parking Spaces 
4
Special Circumstances 
Standard
SqFt Total 
4338
Zoning 
LARD1.5
Interior Features
Heating 
Wall Furnace
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Exterior Features
Other Structures 
Shed(s)
Community Features
MLS Area 
C11 - Venice


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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