40 WESTMINSTER Avenue Venice, CA 90291

0 Bedroom,

  • Residential Income
MLS: #18377456
$7,495,000
COMMENTS
$416, 388 PER UNIT HALF A BLOCK TO VENICE BEACH! 40 Westminster sits just 400 feet from the sand on one of the best blocks Venice has to offer. The building has been meticulously gut renovated with no expense spared and all necessary permits pulled. 12 of the 18 units are showpieces with reimagined and improved floorplans while the remaining 6 original units offer significant upside potential. Additionally, 6 units will be delivered vacant at close. Situated steps from the Venice boardwalk, across the street from the Westminster Dog Park and a 5 minute walk to Abbot Kinney, 40 Westminster puts residents in the center of everything Venice has to offer. The building features units designed with the affluent millennial renter in mind. Renovated apartments typically have an in-unit washer/dryer as well as fully appointed kitchens and baths. This level of detail has resulted in a market rent per square foot exceeding $5.00, further supporting Silicon Beach's status as LA's top rental market.

Property Features

  • Price per Sqft: $975
  • Year Built: 1912
  • Lot Size: 3,149 SqFt
  • Other Appliances: Garbage Disposal, Refrigerator, Dishwasher
  • Dryer: 1
  • Gas: 1
  • County: Los Angeles
  • Area: C11 - Venice
  • Cap Rate: 3

Location

Directions: Pacific Ave at Westminster Ave

Listing courtesy of REMAX COMMERCIAL & INVESTMENT
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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