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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,995,000

Est. payment | -/mo

8 Beds

4 Baths

2,728 SqFt

Save

$ 1,995,000

Est. payment | -/mo

Save

8 Beds

4 Baths

2,728 SqFt

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,728 sqft

Price per Sqft $731

MLS Listing ID SB26089037

Bedrooms 8

Full Baths 4

Year Built 1959

Lot Size 5,461 Sqft

Property Sub-Type All Other Attached

Property Description

Located just one block from Abbot Kinney Boulevard, 502 Westminster Ave presents a scrupulously maintained 4-unit multifamily opportunity in one of Venices most sought-after coastal neighborhoods. The property sits on a quiet residential street while offering immediate access to some of the areas 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 feature 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.

Location

State CA

County Los Angeles

Direction On the Corner Of 5th Ave and Westminster Ave in Venice Beach

Interior

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

View Other/Remarks

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 4239023018

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Brett Lyon, DRE#01717818 Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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502 Westminster Venice, CA 90291