512 Westminster Ave - Apartments FOR SALE


Venice, CA 90291
$2,595,000 USD
310-383-5927
512 Westminster Ave, Venice, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/6
null | 6.74% Cap Rate

512 Westminster Ave
Venice, CA 90291


HIGHLIGHTS

  • 6 income-producing units - Two 4BD/2BA units Two 3BD/1BA
  • Block from Abbot Kinney
  • 10.25 GRM

OVERVIEW

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, cafés, galleries, and entertainment. The property consists of a well-maintained 4-plex totaling approximately 4,338 square feet on a 5,200-square-foot lot.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$598 USD /SF

# OF UNITS

4

PRICE/UNIT

$648,750

CAP RATE

6.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

512 Westminster Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,200 SF

ZONING

LARD1.5

APN/PARCEL ID

4239-023-016

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.