Address
40 Westminster Avenue Venice, CA
Price
$ 7,099,000
Property Attributes
  • MLS#0021725198
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 7,099,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7691
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Keller Williams Studio City
Data Source:
California Desert Association of REALTORS
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

Price History
4/30/2021 Listed $7,395,000
5/26/2021 5% - $7,099,000

General Features

Flooring Laminate, Wood
Heating Wall Furnace
MLS Area C11 - Venice
Senior Community Y/N No
Sewer None
Zoning LARD1.5

Interior Features

Heating Y/N Yes
Kitchen Appliances Dishwasher, Refrigerator, Microwave
Total Stories 3

Exterior Features

Building Area Total 7691.0
Land Lease Type Fee
Lot Size Acres 0.07
Lot Size Area 3149.0
Lot Size Square Feet 3149.0
Lot Size Units Square Feet
Numberofunitsbuildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90291

Price
AVG $3.28M
$7.1M
Visits
AVG 65
3
Year Built
AVG 1948
1912
Walkscore
AVG 91
93
Data Provided by Walkscore ® not using MLS data

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