120 Westminster Avenue, Venice CA, 90291

Active

120 Westminster Avenue

Venice CA, 90291

$4,700,000

$612.46 per sqft

Active

7,674 sqft

Residential

Built in 1920

Listed by Michael Sterman with Marcus & Millichap 818-212-2784

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.

24459106

MLSⓇ ID

November 1, 2024

Listed

November 9, 2024

Updated

Map

120 Westminster Avenue
Venice CA, 90291

Interior Features

Total Stories: 3
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 0.07 Acres

Other Property Details

Area Name: C11 - Venice
Days on Market: 8
Garage: No
Parking Total: 9
View: No
County: Los Angeles
Pool: No
Zoning: LAC4

Listing Contact: 818-212-2700

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/9/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/9/2024 at 1:40 PM UTC