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40 Westminster Ave
Venice, CA 90291
Multifamily Property For Sale
·
18 Units
Investment Highlights
- 2 trophy buildings totaling 42 units - sold separately or together with 14 Westminster Avenue
- Great unit mix of Bachelors, Studios, One & Two-bedrooms
- Good rental upside
- Located just off the beach and within close proximity to Main Street and Abbott Kinney
- Excellent condition with lots of capital improvements
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 | 1912 |
| 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 | 1912 |
| 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 |
|---|---|---|---|
| 2+1 | 2 | $2,550 | 1 |
| 1+1 | 8 | $1,375 | 1 |
| Studios | 8 | $1,500 | 1 |
Property Taxes
| Parcel Number | 4226-006-019 | Improvements Assessment | $1,488,344 |
| Land Assessment | $4,870,944 | Total Assessment | $6,359,288 |
Property Taxes
Parcel Number
4226-006-019
Land Assessment
$4,870,944
Improvements Assessment
$1,488,344
Total Assessment
$6,359,288
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