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- LoopNet Team
40 Westminster Ave
Venice, CA 90291
RARE 18 UNITS 1/2 BLOCK TO VENICE BEACH · Multifamily Property For Sale
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18 Units
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 7,691 SF |
| Property Subtype | Apartment | Average Occupancy | 78% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 1912/2017 |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 7,691 SF |
| Average Occupancy | 78% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2017 |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Built-In Bookshelves
- Double Pane Windows
ABOUT 40 WESTMINSTER AVE , VENICE, CA 90291
SELLER WANTS TO SEE OFFERS! $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, 5 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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 4226-006-019 | Improvements Assessment | $1,459,161 |
| Land Assessment | $4,775,436 | Total Assessment | $6,234,597 |
PROPERTY TAXES
