Multifamily
120 Westminster Ave
120 Westminster Ave, Los Angeles, CA 90291
Listing Price: $4,395,000
Investment Overview
Marcus & Millichap is 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 cafés. 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.
120 Westminster Ave
Investment Highlights
- Prime Venice Beach Location - 20 + 1 Units
- Just Steps Away from the Beach and Minutes Away from Abbott Kinney, Santa Monica, Marina Del Rey
- 9 Parking Spaces (Rare to Find for this Vintage in Venice Beach)
- Significant Upside in Rents
- On-Site Laundry and Storage Unit
- Ocean Views in the 1 + Loft Unit
Exclusively Listed By
Listing Price: $4,395,000
Investment Highlights
- Prime Venice Beach Location - 20 + 1 Units
- Just Steps Away from the Beach and Minutes Away from Abbott Kinney, Santa Monica, Marina Del Rey
- 9 Parking Spaces (Rare to Find for this Vintage in Venice Beach)
- Significant Upside in Rents
- On-Site Laundry and Storage Unit
- Ocean Views in the 1 + Loft Unit
Investment Overview
Marcus & Millichap is 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 cafés. 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.
Exclusively Listed By
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