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608 Westminster Ave 3 Unit Apartment Building $3,400,000 ($1,133,333/Unit) 4.52% Cap Rate Venice, CA 90291
Investment Highlights
- Rare Venice coastal compound just steps to Abbot Kinney Blvd and the beach
- Exceptional flexibility and income potential.
- Versatile triplex layout featuring a front duplex plus a rear standalone residence.
- Ideal for owner-users, multi-generational living, or a high-performing investment.
Executive Summary
A rare coastal compound just blocks from the sand and steps to iconic Abbot Kinney Boulevard, ideally located in the coveted Venice Beach Walk Streets near the Abbot Kinney Corridor. This exceptional triplex offers a compelling blend of architectural character, income potential, and lifestyle flexibility in one of the Westside's most sought-after neighborhoods. The front structure features a well-designed duplex comprised of two spacious two-bedroom, one-bath residences. The lower unit is grounded by warm hardwood floors and refined finishes, opening effortlessly to an expansive private deck and patio retreat a sun-drenched outdoor setting ideal for entertaining, lounging, or dining al fresco. Above, the upper residence is a bright and airy home filled with natural light, offering a peaceful, elevated coastal ambiance.Privately set at the rear, the three-level architectural residence lives like a standalone single-family home. Situated on its own gated portion of the lot, this striking unit offers a private entry yard and a versatile ground-level flex space ideal for a studio, creative office, gym, or potential third bedroom. The upper floors feature two bedrooms and two baths, culminating in a dramatic top-level open-concept living and kitchen space. Rich hardwood flooring, expansive windows, and a private deck create a refined, light-filled environment perfectly suited for an owner-user, creative professional, or those seeking a premier Venice compound. An attached garage with convenient alley access completes the residence. Whether envisioned as a high-performing income property, multi-generational living opportunity, or an owner-occupied investment in a premier coastal enclave, this is a rare chance to secure scale, flexibility, and proximity to the beach in one of Los Angeles' most dynamic neighborhoods.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$204,000
|
$63.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,000
|
$63.51
|
| Taxes |
$42,500
|
$13.23
|
| Operating Expenses |
$7,978
|
$2.48
|
| Total Expenses |
$50,478
|
$15.72
|
| Net Operating Income |
$153,522
|
$47.80
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $204,000 |
| Annual Per SF | $63.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $204,000 |
| Annual Per SF | $63.51 |
| Taxes | |
|---|---|
| Annual | $42,500 |
| Annual Per SF | $13.23 |
| Operating Expenses | |
|---|---|
| Annual | $7,978 |
| Annual Per SF | $2.48 |
| Total Expenses | |
|---|---|
| Annual | $50,478 |
| Annual Per SF | $15.72 |
| Net Operating Income | |
|---|---|
| Annual | $153,522 |
| Annual Per SF | $47.80 |
Property Facts
| Price | $3,400,000 | Building Class | C |
| Price Per Unit | $1,133,333 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,212 SF |
| Cap Rate | 4.52% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.7 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1946 |
| Property Type | Multifamily | Parking Ratio | 0.62/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 | ||
| Price | $3,400,000 |
| Price Per Unit | $1,133,333 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 16.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Deck
- Garden
- Office
- Patio
- Skylights
- Large Bedrooms
Site Amenities
- Courtyard
- Fenced Lot
- Gated
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $4,500 | 938 |
| 3+2 | 1 | $8,250 | 1,337 |
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Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 4239-024-024 | Total Assessment | $3,385,038 (2025) |
| Land Assessment | $2,275,657 (2025) | Annual Taxes | $42,500 ($13.23/SF) |
| Improvements Assessment | $1,109,381 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4239-024-024
Land Assessment
$2,275,657 (2025)
Improvements Assessment
$1,109,381 (2025)
Total Assessment
$3,385,038 (2025)
Annual Taxes
$42,500 ($13.23/SF)
Tax Year
2026
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608 Westminster Ave
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