502 Westminster Venice, CA 90291
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,728 sqft
Price per Sqft $806
MLS Listing ID SB26089037
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1959
Lot Size 5,462 Sqft
Property Sub-Type Quadruplex
Property Description
The asset consists of four 2-bedroom / 1-bath units totaling approximately 2,728 square feet on a 5,461 square foot lot. The property offers a strong unit mix in a premier rental location with consistent demand from tenants seeking proximity to Abbot Kinney, Rose Avenue, and the beach.
The offering provides strong current income with substantial upside as rents trend toward market levels. Three units feature updated kitchens, and two units feature newly installed modern mini split AC/heat systems. The asset is further supported by 4 on-site parking spaces with alley access and potential to increase to 8 parking spaces. This is a valuable tenant amenity in this neighborhood. All four units have new circuit breaker panels, and a well-maintained shared outdoor patio space has been designed for minimal owner upkeep at this highly desirable corner location.
With its prime location, desirable unit mix, and clear rental upside, 502 Westminster Ave represents an excellent opportunity for investors seeking both stable in-place income and long-term appreciation in one of Los Angeles' most desirable beachside neighborhoods.
Location
State CA
County Los Angeles
Area C11 - Venice
Rooms
Main Level Bedrooms 4
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking
View Y/N Yes
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Quadruplex
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4239023018
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
GET MORE INFORMATION