Skip To Content

40 Westminster Ave

Venice, CA 90291
  • $7,099,000
  • STATUS: Active
  • ON SITE: 43 days
  • MLS #: 21-725198
$7,099,000
  • 12
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,691
    SQFT
  • $923
    $/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

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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
Print Image

40 Westminster Ave Venice, CA 90291

  • Price: $7,099,000
  • Status: Active
  • MLS #: 21-725198
12
Beds
0
Baths
0
½ Baths
0.07
Acres
7,691
SQFT
$923
$/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 2021-06-12T23:42:42.417. 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.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725198-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725198-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-725198-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210