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$ 2,595,000
Est. payment | /mo
12 Beds
4,338 SqFt
$ 2,595,000
Est. payment | /mo
12 Beds
4,338 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,338 sqft
Price per Sqft $598
MLS Listing ID CL26845147
Bedrooms 12
HOA Y/N No
Year Built 1962
Lot Size 5,200 Sqft
Acres 0.12
Property Sub-Type OTHER
Property Description
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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 4239023016
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Listed by Chase Simonton • RE/MAX One
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