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40 Westminster Ave, Venice, CA 90291
$5,875,000
40 Westminster Ave, Venice, CA 90291View this property at 40 Westminster Ave, Venice, CA 90291
40 Westminster AveVeniceCA90291
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Property Description
Silicon Beach Trophy asset located just off the beach on one of the hottest and most sought-after rental markets in the city that has made an extraordinary comeback post-Covid. Lots of capital improvements invested to bring this charming 1912 building into the 21st century, including new copper plumbing for most of the building, new shear wall, new entrance, new electrical subpanel, water heater and replacement of water, waste, vent and gas line, as well as many other interior and exterior common area upgrades. Most unit remodels include new kitchens, bathrooms, wall heaters, Low-E dual glaze windows, interior doors, lighting, tile, floors and more. Not only is it steps away from the sand, but the building is in close proximity to Abbott Kinney and Main Street. Ideal unit mix of Bachelors, Studios, One and Two-Bedrooms. Good rental upside.
Full Property Details
Full Property Details for 40 Westminster Ave
General
- Sold For: $5,875,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 22-116057
- Added to Site: 830 day(s) ago
Interior
- Flooring: Laminate, Hardwood
Rooms
Bedrooms
- Total Bedrooms: 12
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage Description: None
Location
- Area: Venice
- County: Los Angeles
- Driving Directions: Pacific Ave at Westminster, 400 feet from the beach.
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 3
- Square Feet: 7,691
- Sq. Ft. Source: Assessor
- Year Built: 1912
- Year Built Source: Assessor
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
Unit 6
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.0723
- Lot Size: 3149
- Lot Size Source: Assessor
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $845.14
- Assessment Year: 1912
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4226-006-019
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Schools
Schools serving 40 Westminster Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1010 Abbot Kinney Blvd, Venice, CA 90291 | K-5 | 0.2 mi | |
2224 Walgrove Ave, Los Angeles, CA 90066 | 6-8 | 1.7 mi | |
13000 Venice Blvd, Los Angeles, CA 90066 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Westminster Ave
Date
Details
Price
Change
Source
5/12/2022
Sold
$5,875,000
-9.62%
MLS
2/14/2022
Price Reduced
$6,500,000
-2.99%
MLS
1/10/2022
Listed
$6,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40 Westminster Ave, Venice, CA 90291 (MLS# 22-116057) is a Multi-Family property that was sold at $5,875,000 on May 12, 2022. This property was listed by Eric Sackler from our Brentwood Office.Want to learn more about 40 Westminster Ave? Do you have questions about finding other Multi-Family real estate for sale in Venice? You can browse all Venice real estate or contact a Coldwell Banker agent to request more information.