512 Westminster AVE, Venice, CA 90291
512 Westminster AVE, Venice, CA 90291
512 Westminster AVE, Venice, CA 90291
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,595,000
Est. payment /mo
12 Beds
6 Baths
4,338 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,338 sqft

Price per Sqft $598

MLS Listing ID 26845147

Bedrooms 12

HOA Y/N No

Year Built 1962

Lot Size 5,201 Sqft

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

Area C11 - Venice

Zoning LARD1.5

Rooms

Other Rooms Shed(s)

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 4239023016

Special Listing Condition Standard

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Listed by Chase Simonton RE/MAX One #01766871

NEARBY SCHOOL & BUSINESS

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