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120 Westminster Avenue

Los Angeles CA 90291

9
7674 sq. ft.
2911 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present 120 Westminster Ave, a 20 + 1 unit apartment building located in Venice, a very desirable submarket of Los Angeles. Built in 1920, the property consists of four (4) bachelor units, eight (8) studio units, seven (7) one-bedroom + one-bathroom units and one (1) one-bedroom + one-bathroom +loft unit. The building is 7,674 gross square feet and sits on a 5,312 square foot lot.120 Westminster Ave, is situated in the heart of Venice, offering both a residential charm and access to lively surroundings. The location is just steps away from the beach and the trendy Abbot Kinney Boulevard, which is lined with upscale boutiques and cafes. It's also a short drive to Santa Monica, Marina del Rey, and other popular Westside locations.120 Westminster Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.56% with the ability to improve to a 7.29% CAP rate once units turnover.

Features

9 carspaces
7674 sq. ft. floor area
2911 sq. ft. lot size
Other

Happy sellers in Los Angeles

52%
52% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for other properties in Los Angeles

In the last 12 months, 43 other properties similar to 120 Westminster Avenue, have been sold.

This represents a 34% increase in other properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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