512 Westminster Ave
Venice, CA 90291
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.
Sales Price $2,925,000
Beds
12
Baths
6
Home Size
4338 Sq. Ft.
Lot Size
5200 Sq. Ft.
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.
This home located at 512 Westminster Ave is currently active and has been available on pardeeproperties.com for 18 days. This property is listed at $2,925,000. It has 12 beds and 6 bathrooms. The property was built in 1962. 512 Westminster Ave is in the Venice community of Los Angeles County.
Quick Facts
- 18 days on market
- Built in 1962
- Total parking spaces 4Car
- Driveway
- Community | Venice
- MLS# | 26845147
Features
- None Cooling
- Wall Heat
Chase Simonton
RE/MAX One
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