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… Read More + 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
70
Last Updated
Property Type
Other
Square Ft.
7,674
Lot Size
0.07 Acres
Year Built
1920
MLS Number
24-459106
30 Days Snapshot Of 90291
$2,234k
-11%
(avg) sold price
14
-22%
homes sold
79
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
7,674 sq ft, Built in 1920, Levels: Multi/Split
Cooling
Wall/Window
Disclosures
None
Heating
None
Lot
LotAcreage: 0.0668, LotSizeArea: 2,911
Parking
TotalParking: 9
Property
NumberOfUnits: 20, Zoning: LAC4
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