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    40 Westminster Ave

    Venice, CA 90291
    • $6,895,000
    • STATUS: Active
    • ON SITE: 145 days
    • MLS #: 21-725198
    UPDATED: 68 min ago
    $6,895,000
    • 12
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,691
      SQFT
    • $897
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:
    Area:

    School Ratings & Info

    Description

    40 Westminster sits just 400 feet from the beach. The 18 units building has been newly renovated but with all the Venice charm. Excellent unit mix composed of Studio, Bachelor One Bedroom, & Two bedroom units. Renovated apartments have laminate hardwood floor, new kitchen with designer backsplash, spacious bathroom, quartz countertops, lot of cabinets, built-in closets, and washer/Dryer inside the unit. Easy access to all that Venice has to offer: The Boardwalk, Artists, market, coffee shops, 5 minutes walk to Abbot Kidney or Main Street. Good cash flow, easy to maintain with still value-add and upside potential. Master meters allow rent increase of extra 2%. Check 14 Westminster 24 units for sale on MLS#: 21-723562. Both buildings 14 an 40 Westminster are for sale $17,498,000

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T09:42:29.673. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/116636200
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    40 Westminster Ave Venice, CA 90291

    • Price: $6,895,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: 21-725198
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    7,691
    SQFT
    $897
    $/SQFT
    1912
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    40 Westminster sits just 400 feet from the beach. The 18 units building has been newly renovated but with all the Venice charm. Excellent unit mix composed of Studio, Bachelor One Bedroom, & Two bedroom units. Renovated apartments have laminate hardwood floor, new kitchen with designer backsplash, spacious bathroom, quartz countertops, lot of cabinets, built-in closets, and washer/Dryer inside the unit. Easy access to all that Venice has to offer: The Boardwalk, Artists, market, coffee shops, 5 minutes walk to Abbot Kidney or Main Street. Good cash flow, easy to maintain with still value-add and upside potential. Master meters allow rent increase of extra 2%. Check 14 Westminster 24 units for sale on MLS#: 21-723562. Both buildings 14 an 40 Westminster are for sale $17,498,000
    Exterior Features

    Lot Size Area 3149 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 18.00 Cooling Ceiling Fan Equipment Ceiling FanDishwasherHood FanMicrowaveWasherRefrigeratorRange/OvenDryer Flooring LaminateHardwood Heating Wall Kitchen Features Gourmet KitchenRemodeled Laundry In Unit

    Property Features

    Assessed Total Value 4546212 Gross Income 404556 Gross Operating Income 392419 Like Units1 2 Like Units2 8 Like Units3 8 Net Operating Income 241580.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 150839 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jessica Barouch DRE#01379495 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T09:42:29.673. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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