$2,925,000
512 Westminster Avenue, Venice CA 90291
Multi-Family (4 Units)
Property type
1 day
On market
$674
Price per sqft
N/A
Garage
1962
Year built
5,200 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Chase Simonton DRE #01766871 310-383-5927, RE/MAX One
Listing updated: Jun 9, 2026 at 05:13pm.
Last checked: Jun 9, 2026 at 05:30pm
Source: CRMLS #26845147
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $4,095 | $4,095 | $4,500 | Unfurnished |
| 1 | 3 | 1 | — | $4,250 | $4,250 | $4,500 | Unfurnished |
| 1 | 3 | 1 | — | $4,200 | $4,200 | $4,500 | Unfurnished |
| 1 | 3 | 1 | — | $3,900 | $3,900 | $4,500 | Unfurnished |
| 1 | 0 | 1 | — | $1,950 | $1,950 | $2,250 | Unfurnished |
| 1 | 0 | 1 | — | $1,875 | $1,875 | $2,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Financial Snapshot
Gross Rent Multiplier
12.0x
List Price / Annual Gross Rent
Cap Rate
5.65%
NOI / List Price
Net Operating Income: $165,203
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 2
Levels: Two
Other Structures: Sheds
Garage and Parking
Parking: Driveway
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 4239023016
Zoning: LARD1.5
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 512 Westminster Avenue, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,340,000
Total Interest
$2,984,541
Total Payment
$5,324,541
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,987
per month
Property History for 512 Westminster Avenue
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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