CA > Venice
Venice, CA 90291,120 Westminster Ave
Venice, CA 90291,120 Westminster Ave
Venice, CA 90291,120 Westminster Ave
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$4,700,000
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7,674 SqFt
Active

120 Westminster Ave Venice, CA 90291

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

11/09/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,674 sqft

Price per Sqft $612

MLS Listing ID 24-459106

Year Built 1920

Lot Size 2,911 Sqft

Acres 0.0668

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 Venice

Zoning LAC4

Rooms

Other Rooms None

Interior

Heating None

Cooling Wall/Window

Equipment None

Exterior

Garage Other

Garage Spaces 9.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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120 Westminster Ave