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Listing Details

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On Site
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On Market
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MLS #
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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 California Regional Multiple Listing Service, Inc. as of 2021-09-16T21:30:59.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/116658937
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40 Westminster Avenue Venice, CA 90291

  • Price: $6,895,000
  • Status: Active
  • Updated: 16 min ago
  • ID#: 21725198
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1912
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - 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

Parking Features None

Interior Features

Appliances DishwasherMicrowaveRefrigerator Flooring LaminateWood Heating Wall Furnace Heating YN Yes

Property Features

Gross Income 404556 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 241580 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning Lard1.5

Listing provided courtesy of Jessica Barouch of Keller Williams Studio City and Eric Sackler of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T21:30:59.323. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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