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512 Westminster Ave
For Sale $2,925,000 ($674.27 per Sq Ft)
$2,925,000 ($674.27 per Sq Ft)
- 12 Bedrooms
- 6.00 Bathrooms
- 4,338 Sq Ft
- 5,200 Sq Ft
Description
4-Plex with 6 Income Producing Units - (2) 4+2 split into 4 units: (2) 3+1, (2) 0+1 - 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, cafes, galleries, and entertainment.The property consists of a well-maintained 4-plex totaling approximately4,338 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 premierWestside location, and multiple avenues for future upside, 512Westminster Avenue offers investors the opportunity to acquire a trophyVenice asset with stable in-place income and compelling long-term appreciation potential in one of Southern California's most dynamic coastal communities.
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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 | $2,925,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,338 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4239023016 |
| MLS # | 26845147 |
| Property ID | 322920068 |
| Lot Sqft | 5,200 |
| Zoning | LARD1.5 |
| Total Units | 4 |
| Days on Market | 13 |
| Original List Price | $2,925,000 |
| Date Updated | June 17, 2026 |
| Date Created | June 09, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 1.00 | $4,095 | $4,500 |
| Unit #2 | 3 | 1.00 | $4,250 | $4,500 |
| Unit #3 | 3 | 1.00 | $4,200 | $4,500 |
| Unit #4 | 3 | 1.00 | $3,900 | $4,500 |
| Unit #5 | 0 | 1.00 | $1,950 | $2,250 |
| Unit #6 | 0 | 1.00 | $1,875 | $2,250 |
| Gross Income (Yr) | $ 244,440 |
| Operating Expenses | $ 71,904 |
| Net Income (Yr) | $ 165,203 |
Listing Provided By
Chase Simonton an agent of . Lic #01766871
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