512 Westminster Ave - 512 Westminster Ave 4 Unit Apartment Building Offered at $2,925,000 at a 5.65% Cap Rate Venice, CA 90291

512 Westminster Avenue presents a rare value-add multifamily investment opportunity in the heart of Venice, one of Los Angeles’ most sought-after coastal rental markets. Ideally situated just steps from world- renowned Abbot Kinney Boulevard, the property benefits from exceptional walkability and immediate access to Venice’s premier collection of boutique shopping, acclaimed restaurants, cafés, galleries, and entertainment.
The property consists of a well-maintained 4-plex totaling approximately 4,338 square feet on a 5,200-square-foot lot. The front upper and front lower units are currently configured as separate 3-bedroom, 1-bathroom residences with adjoining studio units, each studio containing its own bathroom. These configurations were originally designed as two 4- bedroom, 2-bathroom units and were subsequently divided, creating a 3- bedroom, 1-bathroom unit and a studio unit with bathroom in each case. As a result, the property currently operates with four 3-bedroom, 1- bathroom units and two studio units.
With six income-producing units, significant frontage in a premier Westside location, and multiple avenues for future upside, 512 Westminster Avenue offers investors the opportunity to acquire a trophy Venice asset with stable in-place income and compelling long-term appreciation potential in one of Southern California’s most dynamic coastal communities.