40 Westminster Ave | Venice, CA 90291
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- LoopNet Team
40 Westminster Ave
Venice, CA 90291
18 Units Trophy Building in Venice · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Portfolio sale 14 and 40 Westminster: $16,890,000. 42 units total 1 block from the Venice beach
- Still some Value-Add and Upside Potential to 4%
- Properties are in Excellent Condition with Capital Improvements Made and Remodeling of the 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 | 1912/2018 |
| 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 | 1912/2018 |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 4226-006-019 | Improvements Assessment | $1,459,161 |
| Land Assessment | $4,775,436 | Total Assessment | $6,234,597 |
PROPERTY TAXES
Parcel Number
4226-006-019
Land Assessment
$4,775,436
Improvements Assessment
$1,459,161
Total Assessment
$6,234,597
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