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502 Westminster
For Sale $1,995,000
$1,995,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 5,461 Sq Ft
Description
Located just one block from Abbot Kinney Boulevard, 502 Westminster Ave presents a scrupulously maintained 4-unit multifamily opportunity in one of Venice’s most sought-after coastal neighborhoods. The property sits on a quiet residential street while offering immediate access to some of the area’s best dining, retail, and lifestyle amenities.
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 have 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,995,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1959 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4239023018 |
| MLS # | SB26088964 |
| Property ID | 322795565 |
| Lot Sqft | 5,461 |
| Zoning | Unknown |
| Total Units | 4 |
| Days on Market | 30 |
| Original List Price | $2,200,000 |
| Date Updated | May 19, 2026 |
| Date Created | April 27, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $13,150 | $0 |
| Net Income (Yr) | $ 116,182 |
| Cap Rate | 5.82% |
Listing Provided By
Brett Lyon an agent of Lyon Stahl Investment Real Est. Lic #01717818
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 19, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT