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40 Westminster Ave

Venice, CA 90291
  • $6,700,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 22-116057
UPDATED: 66 min ago
$6,700,000
  • 12
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,691
    SQFT
  • $871
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1912
County:
Area:

School Ratings & Info

Description

Silicon Beach Trophy asset located just off the beach on one of the hottest and most sought-after rental markets in the city that has made an extraordinary comeback post-Covid. Lots of capital improvements invested to bring this charming 1912 building into the 21st century, including new copper plumbing for most of the building, new shear wall, new entrance, new electrical subpanel, water heater and replacement of water, waste, vent and gas line, as well as many other interior and exterior common area upgrades. Most unit remodels include new kitchens, bathrooms, wall heaters, Low-E dual glaze windows, interior doors, lighting, tile, floors and more. Not only is it steps away from the sand, but the building is in close proximity to Abbott Kinney and Main Street. Ideal unit mix of Bachelors, Studios, One and Two-Bedrooms. Good rental upside.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-29T07:42:25.057. 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.deserthouseseekers.com/homes/124600803
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40 Westminster Ave Venice, CA 90291

  • Price: $6,700,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 66 min ago
  • MLS #: 22-116057
12
Beds
0
Baths
0
½ Baths
0.07
Acres
7,691
SQFT
$871
$/SQFT
1912
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
Silicon Beach Trophy asset located just off the beach on one of the hottest and most sought-after rental markets in the city that has made an extraordinary comeback post-Covid. Lots of capital improvements invested to bring this charming 1912 building into the 21st century, including new copper plumbing for most of the building, new shear wall, new entrance, new electrical subpanel, water heater and replacement of water, waste, vent and gas line, as well as many other interior and exterior common area upgrades. Most unit remodels include new kitchens, bathrooms, wall heaters, Low-E dual glaze windows, interior doors, lighting, tile, floors and more. Not only is it steps away from the sand, but the building is in close proximity to Abbott Kinney and Main Street. Ideal unit mix of Bachelors, Studios, One and Two-Bedrooms. Good rental upside.
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 413940 Gross Operating Income 401522 Like Units1 2 Like Units2 2 Like Units3 4 Like Units4 2 Like Units5 5 Like Units6 3 Net Operating Income 257522.00 Number Of Buildings 1 Number Of Units 18 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 144000 Type Of Units Apartments Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Eric Sackler DRE#01057377 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-29T07:42:25.057. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
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