Detail

120 Westminster, Venice CA 90291 | $4,700,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 2911 Lot Sq Ft
  • Type:
  • Stories: 3
  • Year Built: 1920
  • MLS#: 24459106
  • Community: C11 - Venice

Listing provided courtesy of Michael Sterman of Marcus & Millichap. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.07 Acres
3 Stories

Michael Citrin​

Call or Text: 858-755-0075

    TESTIMONIALS

    Read about client's experience working with Michael Citrin

    Michael Citrin has been my professional real estate representative for the past 20 years when I moved to North County, San Diego. He has represented me in all of my homes - both sales and purchases, and he has also represented my family, friends and colleagues. Michael is exceptionally knowledgeable with regards to all areas of real estate, including related ancillary industries and I fully trust him. He is a trusted advisor and now a dear friend.

    - S.M.

    Michael Citrin has been my professional real estate representative for the past 20 years when I moved to North County, San Diego. He has represented me in all of my homes - both sales and purchases, and he has also represented my family, friends and colleagues. Michael is exceptionally knowledgeable?with regards to all areas of real estate, including related ancillary industries and I fully trust him. He is a trusted advisor and now a dear friend.

    - M.K.

    Extraordinary service! Purchased my 3rd home and Michael has been there since day one! The stress of finding the perfect home is lifted with Michael. You can definitely feel the passion whenever he speaks Real Estate. His passion fuels his eagerness to help you find your next home. His cheerful personality is contagious! Thanks for all that you do!

    - R.S.

    SUBMIT A REVIEW

    FULL NAME:
    PHONE:
    E-MAIL ADDRESS: