$1,995,000
-$205,000502 Westminster, Venice CA 90291
Multi-Family (4 Units)
Property type
39 days
On market
$731
Price per sqft
0 cars
Garage
1959
Year built
5,461 sqft
Lot size
Open Houses
Overview
Located just one block from Abbot Kinney Boulevard, 502 Westminster Ave presents a scrupulously maintained 4-unit multifamily opportunity in one of Venice’s most sought-after coastal neighborhoods. The property sits on a quiet residential street while offering immediate access to some of the area’s best dining, retail, and lifestyle amenities. The asset consists of four...
Listing provided by: Brett Lyon DRE #01717818 310-706-4066, Lyon Stahl Investment Real Estate, Inc., Woody Stahl DRE #01399621 310-425-9838, Lyon Stahl Investment Real Est
Listing updated: May 19, 2026 at 10:50pm.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #SB26088964
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,000 | $3,000 | $4,000 | Unfurnished |
| 1 | 2 | 1 | — | $4,000 | $4,000 | $4,000 | Unfurnished |
| 1 | 2 | 1 | — | $2,550 | $2,550 | $4,000 | Unfurnished |
| 1 | 2 | 1 | — | $3,300 | $3,300 | $4,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: No
Units Leased: 3
Total Actual Rent: $13,150
Financial Snapshot
Gross Rent Multiplier
12.8x
List Price / Annual Gross Rent
Cap Rate
5.82%
NOI / List Price
Gross Scheduled Income: $155,310
Vacancy Allowance: $4,659
Vacancy Allowance Rate: 3%
Operating Expense: $34,469
Net Operating Income: $116,182
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $2,588
Maintenance: $4,659
New Taxes: $24,221
Trash: $0
Water / Sewer: $0
Other Expense: $1,800
Interior
Laundry: Common Area
Entry Location: Gate
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Private Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 4239023018
Additional Parcels: No
Tax Lot: 17
Tax Block: P
Community
Senior Community: No
Community Features: Biking
Nearby Schools
Nearby schools around the 502 Westminster, Venice, CA 90291. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,596,000
Total Interest
$2,035,610
Total Payment
$3,631,610
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,316
per month
Property History for 502 Westminster
Venice Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90291.
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