120 Westminster Avenue

Venice, CA 90291

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,674 Sqft
  • 2911
    Sqft(Lot)
$4,700,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47518053

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 0
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • None
    • Has Heating

  • Building Information

    • Year Built: 1920
    • Building Area Total: 7,674

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0668
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 2911

  • Listing Price Information

    • Original List Price: 4,700,000
    • Listing Contract Date: 2024-11-01

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4238011024

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C11 - Venice
    • Directions: On Westminster in between Main and Pacific
    • Zoning: LAC4
    • Source Property Type: Residential Income
    • Area: C11 - Venice

    Building and Construction

    • Property Age: 104
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 7674
    • Levels or Stories: Multi/Split
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BuyOwner last updated this listing 11/21/2024 @ 21:37

  • MLS: 24459106
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,674 sqft, 2,911 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Venice , in zip code 90291, this Los Angeles County Home are nearby neighborhoods.